2841 Alsace Avenue

Los Angeles, CA 90016

$1,186,000
Last Sold Price
4
Beds
2
Baths
2,957 Sq. Ft.
$401 / Sq. Ft.
2,957
Sq. Ft.
$401
per Sq. Ft.

Description

Here is your chance to buy in West Adams. A duplex with this much original character and charm rarely comes to market. This property offers huge upside potential and is perfect for an investor or an owner-user as one unit is being delivered vacant. Each two bedroom unit is just under 1500 sq feet with spacious open floor plans and an abundance of natural light throughout. This duplex sits on an LARD1.5 lot with the potential to add an ADU in the back for additional rental income. This neighborhood...Here is your chance to buy in West Adams. A duplex with this much original character and charm rarely comes to market. This property offers huge upside potential and is perfect for an investor or an owner-user as one unit is being delivered vacant. Each two bedroom unit is just under 1500 sq feet with spacious open floor plans and an abundance of natural light throughout. This duplex sits on an LARD1.5 lot with the potential to add an ADU in the back for additional rental income. This neighborhood is quickly becoming one of the hottest rental markets in Los Angeles. Being adjacent to Culver City and the influx of entertainment, tech and creative jobs, you will be sure to attract some high quality tenants. This property has recent upgrades to its electrical and plumbing systems and has separate meters for each tenant's electric and gas. With a great central location, you're walkable to some phenomenal restaurants Alta, Mizlala, the art gallery Band of Vices, easy access to the soon to open Whole Foods and close proximity to the Expo light-rail. This duplex has it all, there's parking for three behind the unit, ample street parking and a drip irrigation system that feeds the mature California natives and fragrant flowering trees in the rear entrance.

Listing Agent

  1. Jeremiah Vancans

    Jeremiah Vancans

    Listing Agent

    Compass

    DRE #01944484

Property Details for 2841 Alsace Avenue

Water Front
None
Zoning
LARD1.5
Style
Spanish
Parcel Number
5049025027
Total Units
2.0
Living Area
2957
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Compass, Jeremiah Vancans, DRE #01944484

Sold By Buckingham Investments, Inc, Johnny Chacon, DRE #01966177

Add your commute
LISTING UPDATED: 10/29/2021 09:16 AM

Property Details for 2841 Alsace Avenue

StatusSold
MLS #21-784608
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.11 AC / 4,800 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Jeremiah Vancans, DRE #01944484

Sold By Buckingham Investments, Inc, Johnny Chacon, DRE #01966177

Add your commute

Virtual Tour

Building Information for 2841 Alsace Avenue

Stories-Residences-Year Built1930Building Size-Lot Size0.11 AC / 4,800 SF

Payment Calculator

$7,715 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,472

Property Taxes

$1,243

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2841 Alsace Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Security Features: None
  • Direction Faces: East
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $47,724
  • Net Operating Income: $39,060.00
  • Gross Income: $49,200
  • Cap Rate: 3.93%
  • Gross Rent Multiplier: $20.20
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 8663
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1102
  • Lot Size Square Feet: 4800
Parking Details
Parking Details
  • Parking Garage: Driveway - Concrete
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Parking Features: Concrete
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Tile
  • Equipment: Refrigerator, Washer, Dryer
  • Common Walls: Attached
  • Cooking Appliances: Gas/Electric Range
  • Laundry: Room
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Porch - Front
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-17-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $1,450.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $186,835.00
  • Assessed Improvement Percent: 29.63
  • Assessed Land Value: $443,796.00
  • Assessed Land Percent: 70.37
  • Assessed Total Value: $630,631.00

Property History for 2841 Alsace 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 2841 Alsace Avenue

Taxable ValueLand$714,000Additions$495,960Total$1,209,960
Tax Record2023$14,912 ($1,243 / month)
Home Facts
Total Finished SqFt2,957 SqFtAbove Grade Finished SqFt2,957 SqFtLot Size4,800 SqFtStyleDuplexYear Built1930ZoningLARD1.5CountyLOS ANGELESAPN5049-025-027

Schools near 2841 Alsace Avenue

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

New Los Angeles Charter School
Charter6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

New Los Angeles Elementary School
CharterK to 5

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 Compass, Jeremiah Vancans, DRE #01944484

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.