331 South Ave 20

Los Angeles, CA 90031

$1,100,000
Price
6
Beds
6
Baths
4,115 Sq. Ft.
$267 / Sq. Ft.
4,115
Sq. Ft.
$267
per Sq. Ft.

Description

Great opportunity for investors to expand your Real Estate portfolio. Six units in Los Angeles Lincoln Heights area. Property is located nearby professional sporting venues and historic districts of L. A. Don't miss this opportunity!Great opportunity for investors to expand your Real Estate portfolio. Six units in Los Angeles Lincoln Heights area. Property is located nearby professional sporting venues and historic districts of L. A. Don't miss this opportunity!
  1. Listed by Ben Garcia • DRE #01147169 • Brokerage DRE #01897136 • Century 21 Peak • 562-477-2028

Property Details for 331 South Ave 20

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4115
Assessor Parcel Number
5447-031-016
Property Attached YN
true

Location

Listing Courtesy of Century 21 Peak, Ben Garcia, DRE #01147169
Add your commute
LISTING UPDATED: 05/06/2024 10:25 AM

Property Details for 331 South Ave 20

StatusActive
MLS #DW24030381
Days on Market85
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1920
Lot Size0.19 AC / 8,256 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Peak, Ben Garcia, DRE #01147169
Add your commute

Building Information for 331 South Ave 20

Stories2Residences-Year Built1920Building Size-Lot Size0.19 AC / 8,256 SF

Payment Calculator

$6,332 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$329

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 331 South Ave 20

Income / Expense / Tax Details
Income Details
  • Gross Income: $94,716
  • Gross Scheduled Income: $94,716
  • Net Operating Income: $66,301
  • Gross Multiplier: 12.13
  • Cap Rate: 5.77
Expense Details
  • Operating Expense: $28,415
  • New Taxes Expense: $14,363
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $533
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 7
  • Tax Tract Number: 0
  • Tax Census Tract: 1997.00
  • Tax Lot: 13
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,061
  • Unit Type Total Rent: $1,061
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,369
  • Unit Type Total Rent: $1,369
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,163
  • Unit Type Total Rent: $1,163
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,129
  • Unit Type Total Rent: $1,129
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,371
  • Unit Type Total Rent: $1,371
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 331 South Ave 20

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 331 South Ave 20

Taxable ValueLand$484,558Additions$378,484Total$863,042
Tax Record2023$3,945 ($329 / month)
Home Facts
Total Finished SqFt4,115 SqFtAbove Grade Finished SqFt4,115 SqFtLot Size8,278 SqFtStyleMulti-Family Res (5+ Units)ZoningLARD2CountyLOS ANGELESAPN5447-031-016

Schools near 331 South Ave 20

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

Florence Nightingale Middle School
Public6 to 8

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln 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.

Similar Homes

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Similar Sold Homes

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331 South Ave 20 is a mixed use property for sale in Los Angeles, CA 90031. This property was listed for sale on February 12, 2024 by Century 21 Peak, it's currently listed at $1,100,000. It has been on the market for a total of 85 days and was last sold on August 16, 2000. This listing's school district is Los Angeles Unified School District. Nearby schools include Albion Street Elementary School, Florence Nightingale Middle School and Woodrow Wilson Senior High School. 331 South Ave 20 is a 6-bed, 6-bath, 4,115 sqft mixed use property built in 1920.

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 Century 21 Peak, Ben Garcia, DRE #01147169

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.