$1,580,000 Price Analysis   ♡   Los Angeles, CA 90018 6 bed 8 bath 5,316 SqFt ($297/SqFt) 7,102SqFt lot. Built 1905 Listed 2024-03-25, Taxes $10,933 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Price Reduced!
We are pleased to present 2939 Brighton Ave in the trendy West Adams submarket of Los Angeles south of Adams and west of Normandi Ave. 2939 Brighton Ave is a charming 7 unit offering, with 2 units in the front building and 5 bungalow units in the rear of the property. 2 units will be delivered vacant at the close of escrow. The sub ject property is located on one of the more highly desirable streets in the West Adams area on a block consisting of mostly single family homes offering a quiet reprise in the middle of Los Angeles.
The property features an excellent unit mix consisting of (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath and (1) 2 Bed / 2 Bath / Den units on a large 7, 100 square foot lot. An investor will benefit from 1 vacancy in the building, which will allow them to capture top of the market rents with tenants being drawn to the recent influx of trendy new restaurants, cafes and businesses along Adams. Contact listing agents for an offering memorandum.
Presented by Peter James at
Lyon Stahl Investment Re, Inc.
Property MLS #24-372723 from TheMLSCLAW
Full Bathrooms: 8
Gas/Electric Range
Gas
Heating Features: Wall
Patio Features: Porch
Lot Size Acres: 0.1630395
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7102
Parking Total: 2
Other Equipment: Range/Oven, Refrigerator
Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector
Tenant Pays: Gas, Electric, Trash
Vacancy Allowance: 4039
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 7400, 2 BathsTotal: 1, 2 SquareFeet: 3000, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 2850
County: Los Angeles
Cross Street: Brighton Ave and W. 29th St.
Cap Rate: 5.99
Directions: On Brighton Ave between 29th and 30th Ave.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Owner Pays: Gardener, Water
Parcel Number: 5053-030-034
Postal Code Plus 4: 3123
Property Location: Alley Access
Zoning: LAR1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $396,006 + $446,206 $842,212 | $10,933 |
| 2021 | $388,242 + $437,457 $825,699 | $10,777 |
| 2020 | $384,262 + $432,972 $817,234 | $10,876 |
| 2019 | $376,728 + $424,483 $801,211 | $10,477 |
| 2018 | $369,342 + $416,160 $785,502 | $10,349 |
| 2017 | $362,100 + $408,000 $770,100 | $10,096 |
| 2016 | $355,000 + $400,000 $755,000 | $9,827 |
| 2015 | $214,804 + $429,611 $644,415 | $8,511 |
| 2014 | $210,597 + $421,196 $631,793 | $8,590 |
| 2013 | $209,646 + $419,293 $628,939 | $8,574 |
| 2012 | $205,536 + $411,072 $616,608 | $8,683 |
| 2010 | $201,506 + $403,012 $604,518 | $8,428 |
| 2009 | $216,485 + $432,972 $649,457 | $8,715 |
| 2009 | $200,000 + $400,000 $600,000 | $8,715 |
| 2008 | $212,241 + $424,483 $636,724 | $8,364 |
| 2007 | $208,080 + $416,160 $624,240 | $8,086 |
$1,580,000
TheMLSCLAW
Listing removed 2024-08-11
$0
TheMLSCLAW
Price Changed 2024-05-17
$1,580,000
TheMLSCLAW
Listed 2024-03-25
$1,650,000
TheMLSCLAW
Listing removed 2017-04-19
$1,000
Rently
Listed for rent 2017-04-07
$1,000
Rently
Listing removed 2007-12-21
$1,090,000
ITECH
Listing removed 2007-12-03
$1,090,000
ITECH
Listed 2007-08-21
$1,090,000
ITECH
Listed 2007-06-25
$1,090,000
ITECH
Sold 1999-05-04
$300,000
Public Record
Sold 1997-09-24
$170,000
Public Record
Sold 1990-09-18
$330,000
Public Record
Year Built: 1905
Building Exterior Type: Stucco
Common Walls: Attached
Direction Faces: East
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 119
Roof: Composition, Shingle
Levels or Stories: 2
Building Total Stories: 2
House Style: Craftsman
Architectural Style: Craftsman
Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.