2404 5th Avenue
Los Angeles, CA, 90018 $ 1,895,000
Bedrooms12 Baths6.0 Sq 6,800 Monthly Estimate*
$ 13,237
for $1,895,000 with 12 bedrooms and 6 full baths. This 6,800 square foot home was built in 1923 on a lot size of 0.1501.
Exceptional Investment Opportunity in Historic West Adams, Los Angeles Discover the epitome of historic charm meets modern living with this exquisite fourplex, nestled in the heart of the vibrant and sought-after West Adams neighborhood. Built in the resplendent era of 1923, this property carries a legacy filled with the ambiance of old Hollywood, ensuring the preservation of its timeless allure amidst a neighborhood where each corner resonates with history. Unit Details:The meticulously refurbished building houses four remarkable units, ensuring a blend of comfort and style. On the lower level, find two captivating 2-bedroom, 1-bath units, while the upper level unveils two generously spaced 4-bedroom, 2-bath units spread across two delightful levels. Each unit has undergone thoughtful upgrades, including new electrical and plumbing installations, coupled with tastefully renovated kitchens and bathrooms that blend seamlessly with the property's historic charm. Unique Features:An extraordinary feature of this property lies in its professional recording studio, born from the transformation of a 4-car garage. Outfitted with a live room and control room, the studio boasts sound isolation on the walls and the potential option of acquiring additional equipment and sound treatment, subject to negotiation. This space resonates with potential and versatility, ready to echo with the creative rhythms of its new owner. Outdoor Spaces:Embrace the Californian sunshine in the property's enchanting outdoor spaces. The front welcomes with a lush grassy expanse, while the private backyard reveals a charming sitting area adorned with stylish triangle-shaped shades, creating a serene oasis reserved exclusively for the owner's enjoyment. Local Amenities:Positioned amidst the flourishing scenes of West Adams Blvd, the location is a treasure trove of new high-end restaurants and chic spots that embody the resurgence of the area. With the convenience of bus stops nearby and ample street parking, accessibility is effortlessly intertwined with the property's abundant offerings. Neighborhood Appeal:Embark on a journey through time as you stroll through the beautiful historic neighborhood, safeguarded against the encroachment of large modern developments. Revel in an environment where the 1920s ambiance is lovingly preserved, ensuring the everlasting charm of a bygone era.Unlock the doors to a spectacular investment opportunity that blends substantial returns with a legacy of style and historic elegance. A rare find, this West Adams gem is a canvas of potential, awaiting the inspired vision of its new owner.
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FeaturesGeneralSewer Other
Possession CloseOfEscrow
Appliances Dishwasher Disposal Refrigerator Dryer Washer
Zoning LARD2
Architectural Style Craftsman
Year Built 1923
Tenant Pays Electricity Gas TrashCollection
Levels MultiSplit
Gross Income 188640.0
County Los Angeles
Net Operating Income 153540.0
Insurance Expense 126.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Buyer Financing Cash
Directions North of Adams. South of 10 just East of Crenshaw
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 6537.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 5th
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 164.0
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Trash Expense 100.0
Water Sewer Expense 245.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 8
Standard Status Active
Taxes 1900.0
Cap Rate 8.1
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InteriorFlooring Tile Wood
Fireplace Features None
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 12
Electric On Property Y/N N
Total Baths 6
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ExteriorTotal Parking 4.0
Lot Size Area 6537.0
Foundation Details Raised
Number of Buildings 1
Spa N
Building Area Total 6800.0
Lot Size Acres 0.1501
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $13,237
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,033,241
Percent of Sale Price 7%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/2/2024 | $1,895,000 | | Listed Price |