414 East Ave 43

Los Angeles, CA 90031

$815,000
Last Sold Price
3
Beds
3
Baths
2,000 Sq. Ft.
$408 / Sq. Ft.
2,000
Sq. Ft.
$408
per Sq. Ft.

Description

Exclusive opportunity to acquire this amazing investment in the high-growing area of Montecito Heights. Adjacent to neighborhoods such as Highland Park, Mt. Washington and Cypress Park, this is an investment worth the acquisition. The property sits on close proximity to trendy coffee shops, restaurants, parks, trails, nightlife, museums and a array of inspiring LA culture . This traditional in style triplex features over 2,700 square feet of living space. Each unit containing 1 bedroom and 1 bath....Exclusive opportunity to acquire this amazing investment in the high-growing area of Montecito Heights. Adjacent to neighborhoods such as Highland Park, Mt. Washington and Cypress Park, this is an investment worth the acquisition. The property sits on close proximity to trendy coffee shops, restaurants, parks, trails, nightlife, museums and a array of inspiring LA culture . This traditional in style triplex features over 2,700 square feet of living space. Each unit containing 1 bedroom and 1 bath. The front unit consist of many upgrades to include new electrical, kitchen, flooring and paint. Property sits on a 9,000 square feet lot. Owner has just recently redone the backyard with new landscaping. This property is zoned LARD3 which might have the possibility for expansion and maximize potential. Great opportunity for an owner user or experience investor. Front is vacant and move in ready.

Listing Agent

  1. JP Peña

    JP Peña

    Listing Agent

    Compass

    DRE #01883397

    jp.pena@compass.com

    P: 323.632.9904

Property Details for 414 East Ave 43

Water Front
None
Zoning
LARD3
Style
Traditional
Parcel Number
5207010035
Total Units
3.0
Living Area
2000
Source Living Area
Estimated
Area
Montecito Heights (679)

Location

Listing Courtesy of Compass, JP Peña, DRE #01883397

Sold By The Brokeredge, Yazen Haddad, DRE #01936781

Add your commute
LISTING UPDATED: 03/09/2021 02:16 PM

Property Details for 414 East Ave 43

StatusSold
MLS #21-677722
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.21 AC / 9,166 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, JP Peña, DRE #01883397

Sold By The Brokeredge, Yazen Haddad, DRE #01936781

Add your commute

Virtual Tour

Building Information for 414 East Ave 43

Stories1Residences-Year Built1922Building Size-Lot Size0.21 AC / 9,166 SF

Payment Calculator

$5,349 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,448

Property Taxes

$901

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 414 East Ave 43

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • View: Yes
  • View Description: City Lights, Peek-A-Boo
  • View: City Lights, Peek-A-Boo
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: North
  • Water: Public
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash, Cash To Existing Loan, Cash To New Loan, Conventional, FHA, VA, Private, New
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $18,600
  • Net Operating Income: $13,000.00
  • Gross Income: $18,600
  • Gross Rent Multiplier: $30.00
  • Total Annual Expense: 5600
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2104
  • Lot Size Square Feet: 9166
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, On street, Other
  • Total Parking: 2
  • Parking Features: Garage - Two Door, Street
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Room Type: Bonus Room
  • Rooms: Bonus Room
  • Levels: Top Level, One
  • Fireplace Features: Dining Room, Den, Kitchen, Living Room, Bonus Room, Bath
  • Fireplace Rooms: Dining, Den, Kitchen, Living Room, Bonus Room, Bath, Other
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Other, Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Other, Wall
  • Flooring: Carpet, Laminate, Tile, Wood Under Carpet
  • Equipment: Built-Ins
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Gas, Oven
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Sprinklers: Rear
  • Patio Features: Porch - Rear, Patio Open
  • Entry Location: Top Level
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-08-2021
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $728.96
  • Unit Actual Rent: $728.96
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $823.16
  • Unit Actual Rent: $823.16
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 2
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Water Meters: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $150,000.00
  • Assessed Improvement Percent: 27.27
  • Assessed Land Value: $400,000.00
  • Assessed Land Percent: 72.73
  • Assessed Total Value: $550,000.00

Property History for 414 East Ave 43

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 414 East Ave 43

Taxable ValueLand$535,806Additions$312,120Total$847,926
Tax Record2023$10,814 ($901 / month)
Home Facts
Total Finished SqFt2,786 SqFtAbove Grade Finished SqFt2,786 SqFtLot Size9,185 SqFtStyleTriplexYear Built1922ZoningLARD3CountyLOS ANGELESAPN5207-010-035

Schools near 414 East Ave 43

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

Florence Nightingale Middle School
Public6 to 8

Benjamin Franklin Senior High School
Public6 to 12

Woodrow Wilson 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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, JP Peña, DRE #01883397

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.