5111 Ascot Avenue

Los Angeles, CA 90011

$1,000,000
Price
5
Beds
6
Baths
2,745 Sq. Ft.
$364 / Sq. Ft.
2,745
Sq. Ft.
$364
per Sq. Ft.

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.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 5111 Ascot Avenue

Zoning
LAR2
Parcel Number
5104006017
Total Units
6.0
Living Area
2745
Source Living Area
Other
Area
Downtown L.A. (C42)
Vacancy Rate
17%
Lot Size Area
7503

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute
LISTING UPDATED: 05/29/2024 12:01 AM

Property Details for 5111 Ascot Avenue

StatusActive
MLS #24-394893
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.17 AC / 7,503 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute

Building Information for 5111 Ascot Avenue

Stories1Residences-Year Built1924Building Size-Lot Size0.17 AC / 7,503 SF

Payment Calculator

$6,269 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$812

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5111 Ascot Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 6
  • Type Of Units: Bungalows
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $97,357
  • Net Operating Income: $58,389.00
  • Gross Income: $100,368
  • Cap Rate: 5.84%
  • Gross Rent Multiplier: $9.96
  • Total Annual Expense: 38968
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7503
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,068.00
  • Unit Actual Rent: $1,068.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,009.00
  • Unit Actual Rent: $1,009.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $922.00
  • Unit Actual Rent: $922.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $950.00
  • Unit Actual Rent: $950.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,714.00
  • Unit Actual Rent: $1,714.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $328,093.00
  • Assessed Improvement Percent: 42.86
  • Assessed Land Value: $437,457.00
  • Assessed Land Percent: 57.14
  • Assessed Total Value: $765,550.00

Property History for 5111 Ascot 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 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.

Similar Homes

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Similar Sold Homes

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5111 Ascot Avenue is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on May 21, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,000,000. It has been on the market for a total of 27 days and was last sold on March 1, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Hooper Avenue Elementary School, Alliance Kory Hunter Middle and Nava College Preparatory Academy. 5111 Ascot Avenue is a 5-bed, 6-bath, 2,745 sqft multi-family home built in 1924.

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 Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

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.