2939 Brighton Avenue

Los Angeles, CA 90018

$1,650,000
Price
6
Beds
8
Baths
5,316 Sq. Ft.
$310 / Sq. Ft.
5,316
Sq. Ft.
$310
per Sq. Ft.

Description

We are pleased to present 2939 Brighton Ave in the trendy West Adams submarket of Los Angeles just south of Adams and west of Normandie Ave. 2939 Brighton Ave is a charming 7 unit offering, with 2 units in the front building and 5 bungalow units in the rear of the property. 2 units will be delivered vacant at the close of escrow. The subject property is located on one of the more highly desirable streets in the West Adams area on a block consisting of mostly single family homes offering a quiet reprise...We are pleased to present 2939 Brighton Ave in the trendy West Adams submarket of Los Angeles just south of Adams and west of Normandie Ave. 2939 Brighton Ave is a charming 7 unit offering, with 2 units in the front building and 5 bungalow units in the rear of the property. 2 units will be delivered vacant at the close of escrow. The subject property is located on one of the more highly desirable streets in the West Adams area on a block consisting of mostly single family homes offering a quiet reprise in the middle of Los Angeles. The property features an excellent unit mix consisting of (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, and (1) 2 Bed / 2 Bath / Den units on a large 7,100 square foot lot. An investor will benefit from 2 vacancies in the building, which will allow them to capture top of the market rents with tenants being drawn to the recent influx of trendy new restaurants, cafes, and businesses along Adams. Contact listing agents for an offering memorandum.
  1. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 2939 Brighton Avenue

Water Front
None
Zoning
LAR1
Style
Craftsman
Cross Streets
Brighton Ave and W. 29th St.
Parcel Number
5053030034
Total Units
7.0
Living Area
5316
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419
Add your commute
LISTING UPDATED: 04/02/2024 12:01 AM

Property Details for 2939 Brighton Avenue

StatusActive
MLS #24-372723
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.16 AC / 7,102 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419
Add your commute

Building Information for 2939 Brighton Avenue

Stories2Residences-Year Built1905Building Size-Lot Size0.16 AC / 7,102 SF

Payment Calculator

$9,957 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$952

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2939 Brighton Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: apt
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: East
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $132,924
  • Net Operating Income: $96,134.00
  • Gross Income: $137,035
  • Cap Rate: 5.83%
  • Gross Rent Multiplier: $12.04
  • Actual Annual Gross Rent: $137,035.00
  • Actual Rent Total: $135,035.00
  • Financial Info as Of: 03/25/2024
  • Vacancy Allow Dollar: $4,111.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 36790
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.163
  • Lot Size Square Feet: 7102
  • Lot Description: Single Lot, Lot-Level/Flat, Fenced
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Covered Parking: 0
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Driveway
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Gas/Electric Range, Gas
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: Porch
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-25-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Garage Rental Rate: 0
  • Tenant Pays: Gas, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,713.00
  • Unit Actual Rent: $6,850.00
  • Unit Projected Rent: $7,400.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,136.00
  • Unit Actual Rent: $2,271.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,298.00
  • Unit Actual Rent: $2,298.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $403,926.00
  • Assessed Improvement Percent: 47.02
  • Assessed Land Value: $455,130.00
  • Assessed Land Percent: 52.98
  • Assessed Total Value: $859,056.00

Property History for 2939 Brighton 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 2939 Brighton Avenue

Taxable ValueLand$455,130Additions$403,926Total$859,056
Tax Record2023$11,426 ($952 / month)
Home Facts
Total Finished SqFt5,316 SqFtAbove Grade Finished SqFt5,316 SqFtLot Size7,100 SqFtStyleMulti-Family Res (5+ Units)ZoningLAR1CountyLOS ANGELESAPN5053-030-034

Schools near 2939 Brighton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
John W. Mack Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 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.

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2939 Brighton Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on March 25, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $1,650,000. It has been on the market for a total of 39 days and was last sold on December 13, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include John W. Mack Elementary School, Foshay Learning Center and Manual Arts Senior High School. 2939 Brighton Avenue is a 6-bed, 8-bath, 5,316 sqft multi-family home built in 1905.

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 Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419

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.