5231 Loleta Avenue

Los Angeles, CA 90041

$1,675,000
Price
5
Beds
3
Baths
2,653 Sq. Ft.
$631 / Sq. Ft.
2,653
Sq. Ft.
$631
per Sq. Ft.

Description

Traditional meets contemporary in this exceptional investment and/or owner-user opportunity nestled in the sought-after "north of Colorado Boulevard" enclave of Eagle Rock. Situated on an expansive, newly landscaped, flat lot spanning nearly 11,000 sq. ft. are three distinct standalone units. The charming 2 bed / 1 bath front house features a decorative fireplace, hardwood floors, original built-ins, a laundry room, a welcoming front porch, and a sun-filled dining area with French doors. The detached...Traditional meets contemporary in this exceptional investment and/or owner-user opportunity nestled in the sought-after "north of Colorado Boulevard" enclave of Eagle Rock. Situated on an expansive, newly landscaped, flat lot spanning nearly 11,000 sq. ft. are three distinct standalone units. The charming 2 bed / 1 bath front house features a decorative fireplace, hardwood floors, original built-ins, a laundry room, a welcoming front porch, and a sun-filled dining area with French doors. The detached 2-car garage sits at the end of a lengthy driveway, offering ample parking options. Tucked away towards the rear of the property are the two additional standalone units: a cozy 1-bedroom, 1-bathroom bungalow with hardwood flooring and laundry, and a new construction contemporary unit showcasing 2 bedrooms, 1 bathroom, sleek stainless steel Fisher and Paykel appliances, soaring 10 foot ceilings, new wood flooring throughout, and the added bonus of a private grassy area, perfect for relaxation or recreation. Steps away from award-winning Dahlia Heights Elementary and walking distance to the vibrant attractions lining Colorado Boulevard. This triplex presents an unparalleled opportunity for an owner-user or savvy real estate investor to realize your aspirations and own in Eagle Rock's most coveted neighborhood.
  1. Listed by Brad Keyes • DRE #01857106 • Brokerage DRE #01857106 • Keyes Real Estate
  2. Listed by Joshua Stein-Sapir • DRE #01979910 • Brokerage DRE #01857106 • Keyes Real Estate

Property Details for 5231 Loleta Avenue

Zoning
LAR1
Style
Traditional
Parcel Number
5669011018
Total Units
3.0
Living Area
2653
Source Living Area
Plans
Area
Eagle Rock (618)
Vacancy Rate
0

Location

Listing Courtesy of Keyes Real Estate, Brad Keyes, DRE #01857106; Keyes Real Estate, Joshua Stein-Sapir, DRE #01979910
Add your commute
LISTING UPDATED: 04/22/2024 10:18 AM

Property Details for 5231 Loleta Avenue

StatusActive
MLS #24-378633
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.25 AC / 10,987 SF
CountyLos Angeles County

Location

Listing Courtesy of Keyes Real Estate, Brad Keyes, DRE #01857106; Keyes Real Estate, Joshua Stein-Sapir, DRE #01979910
Add your commute

Building Information for 5231 Loleta Avenue

Stories-Residences-Year Built2024Building Size-Lot Size0.25 AC / 10,987 SF

Payment Calculator

$10,254 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,141

Property Taxes

$1,113

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5231 Loleta Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Detached
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $125,756
  • Net Operating Income: $128,156.00
  • Gross Income: $156,000
  • Cap Rate: 7.00%
  • Gross Rent Multiplier: $11.50
  • Actual Annual Gross Rent: $39,780.00
  • Actual Gross Annual Income: $39,780
  • Actual Rent Total: $3,315.00
  • Total Annual Expense: 30244
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2522
  • Lot Size Square Feet: 10987
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached
  • Total Parking: 2
  • Garage Spaces Total: 2
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling: Electric
  • Cooling Type: Electric, Window Unit(s), Wall Unit(s)
  • Heating: Electric, Wall Furnace
  • Heating Type: Electric, Wall, Wall Electric
  • Equipment: Freezer, Dryer, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Washer, Hood Fan, Built-Ins
  • Common Walls: Detached/No Common Walls
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 04-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $950.00
  • Unit Actual Rent: $950.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,365.00
  • Unit Actual Rent: $2,365.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $325,000.00
  • Assessed Improvement Percent: 29.95
  • Assessed Land Value: $760,000.00
  • Assessed Land Percent: 70.05
  • Assessed Total Value: $1,085,000.00

Property History for 5231 Loleta 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 5231 Loleta Avenue

Taxable ValueLand$760,000Additions$325,000Total$1,085,000
Tax Record2023$13,359 ($1,113 / month)
Home Facts
Total Finished SqFt1,751 SqFtAbove Grade Finished SqFt1,751 SqFtLot Size10,984 SqFtStyleDuplexYear Built1939ZoningLAR1CountyLOS ANGELESAPN5669-011-018

Schools near 5231 Loleta Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
Dahlia Heights Elementary School
PublicK to 6

Eagle Rock High School
Public7 to 12

PUC International Preparatory Academy
CharterK to 8

Highland Park Continuation 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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5231 Loleta Avenue is a multi-family home for sale in Los Angeles, CA 90041. This property was listed for sale on April 11, 2024 by Keyes Real Estate, it's currently listed at $1,675,000. It has been on the market for a total of 23 days and was last sold on July 28, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Dahlia Heights Elementary School, Eagle Rock High School and PUC International Preparatory Academy. 5231 Loleta Avenue is a 5-bed, 3-bath, 2,653 sqft multi-family home built in 2024.

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 Keyes Real Estate, Brad Keyes, DRE #01857106; Keyes Real Estate, Joshua Stein-Sapir, DRE #01979910

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.