2495 Corinth Avenue

Los Angeles, CA 90064

$4,260,000
Last Sold Price
2
Beds
24
Baths
9,600 Sq. Ft.
$444 / Sq. Ft.
9,600
Sq. Ft.
$444
per Sq. Ft.

Description

2495 Corinth Avenue is an 8-unit multifamily investment opportunity located in West Los Angeles, CA. 2495 Corinth Avenue offers a desirable mix consisting exclusively of 2 bed / 2.5 bath townhome units. The property features an attractive amenities package including controlled access, hardwood flooring, granite countertops, stainless steel appliances, in-unit laundry, private balconies, and a gated parking garage. Additionally, each unit features a spacious rooftop patio, offering residents a unique...2495 Corinth Avenue is an 8-unit multifamily investment opportunity located in West Los Angeles, CA. 2495 Corinth Avenue offers a desirable mix consisting exclusively of 2 bed / 2.5 bath townhome units. The property features an attractive amenities package including controlled access, hardwood flooring, granite countertops, stainless steel appliances, in-unit laundry, private balconies, and a gated parking garage. Additionally, each unit features a spacious rooftop patio, offering residents a unique outdoor living space. Los Angeles’ continued strong rental metrics, including a 2022 occupancy rate of 96.5 percent and year-over-year rent growth of 4.5 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents below market rates, 2495 Corinth Avenue represents an attractive opportunity for a new owner. 2495 Corinth Avenue benefits from its attractive West Los Angeles location, situated moments from a plethora of retail, dining, and entertainment options in Sawtelle Japantown. The property is within a 0.50-mile radius of all three levels of education including Richland Avenue Elementary School, Daniel Webster Middle School, and Magnolia Science Academy. Additionally, 2495 Corinth Avenue benefits from its close proximity to the Interstate 10 and Interstate 405 interchange, connecting residents to employment hubs throughout Los Angeles County.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest

Property Details for 2495 Corinth Avenue

Parking Spaces Total
16
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
9600
Assessor Parcel Number
4260-038-019
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Add your commute
LISTING UPDATED: 08/03/2023 12:25 AM

Property Details for 2495 Corinth Avenue

StatusClosed
MLS #OC23092003
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2006
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Add your commute

Building Information for 2495 Corinth Avenue

Building/Complex2495 Corinth AveFloor-Stories2Residences-Pet Policy-Year Built2006Building Size-

Payment Calculator

$27,194 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,249

Property Taxes

$3,945

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2495 Corinth Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $304,200
  • Gross Scheduled Income: $304,200
  • Vacancy Allowance: 9126
  • Gross Operating Income: $295,074
  • Net Operating Income: $203,159
  • Financing: Assumable
Expense Details
  • Operating Expense: $91,915
  • New Taxes Expense: $53,614
  • Fuel Expense: $2,799
  • Electric Expense: $2,799
  • Insurance Expense: $11,304
  • Maintenance Expense: $8,000
  • Professional Management Expense: $0
  • Other Expense: $7,801
  • Other Expense Description: Misc
  • Trash Expense: $2,799
  • Water Sewer Expense: $2,799
  • Total Expenses: $91,915
Tax / Assessment Info
  • Tax Block: 6
  • Tax Tract Number: 5842
  • Tax Census Tract: 2712.00
  • CFD/Mello-Roos Fee: $1,401
  • Tax Lot: 19
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
Exterior Features
  • Entry Location: First Floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 16
  • Parking Garage Spaces: 16
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 16
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $25,350
  • Unit Type Total Rent: $25,350
  • Unit Type Pro Forma: 29600
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8

Property History for 2495 Corinth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2495 Corinth Avenue

Taxable ValueLand$2,356,519Additions$1,472,823Total$3,829,342
Tax Record2023$47,340 ($3,945 / month)
Home Facts
Total Finished SqFt9,600 SqFtAbove Grade Finished SqFt9,600 SqFtLot Size7,501 SqFtStyleMulti-Family Res (5+ Units)Year Built2006ZoningLAR3CountyLOS ANGELESAPN4260-038-019

Schools near 2495 Corinth Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Nora Sterry Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 to 12

Magnolia Science Academy 4 School
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.