5111 Ascot Avenue
5111 Ascot Avenue
$1,000,000
5
6
2,745
2,745
$364
Description
BUNGALOWS on Ascot! We are pleased to present a 6-Unit bungalow community located at 5111 Ascot Ave. With 6 separate bungalow structures on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The building currently operates at a 9.96 GRM on current rents, with rental upside potential to a 6.46 GRM and a 10.85% CAP on pro-forma rents. The units consist of 2 studio bungalows (one of which is a brand new ADU!)...BUNGALOWS on Ascot! We are pleased to present a 6-Unit bungalow community located at 5111 Ascot Ave. With 6 separate bungalow structures on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The building currently operates at a 9.96 GRM on current rents, with rental upside potential to a 6.46 GRM and a 10.85% CAP on pro-forma rents. The units consist of 2 studio bungalows (one of which is a brand new ADU!) , 3 one-bedroom bungalows, and 1 two-bedroom bungalow. Delivered with 1 unit VACANT, it will allow the new owner to set a market rent for a very in-demand bungalow product.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 5111 Ascot Avenue
Zoning
LAR2
Parcel Number5104006017
Total Units6.0
Living Area2745
Source Living AreaOther
AreaDowntown L.A. (C42)
Vacancy Rate17%
Lot Size Area7503
Location
LISTING UPDATED: 05/29/2024 12:01 AM
Property Details for 5111 Ascot Avenue
Status | Active |
---|---|
MLS # | 24-394893 |
Days on Market | 27 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.17 AC / 7,503 SF |
County | Los Angeles County |
Location
Building Information for 5111 Ascot Avenue
Stories1Residences-Year Built1924Building Size-Lot Size0.17 AC / 7,503 SF
Payment Calculator
$6,269 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5111 Ascot Avenue
Property History for 5111 Ascot Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5111 Ascot Avenue
Taxable ValueLand$437,457Additions$328,093Total$765,550
Tax Record2023$9,744 ($812 / month)
Home Facts
Total Finished SqFt2,493 SqFtAbove Grade Finished SqFt2,493 SqFtLot Size7,501 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLAR2CountyLOS ANGELESAPN5104-006-017
Schools near 5111 Ascot Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hooper Avenue Elementary School Public1 to 5 | ||
Alliance Kory Hunter Middle Charter6 to 8 | ||
Nava College Preparatory Academy Public9 to 12 | ||
Thomas Jefferson 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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