Stand by
USDAProperties.com is sifting through the details...

 

 

 

$1,380,000   Price Analysis
Agent Details  share icon     map icon  QR
1407 5th Ave
Los Angeles, CA 90019
6 bed 4 bath 2,509 SqFt ($550/SqFt)
7,501SqFt lot. Built 1910
Listed 2024-03-28, Taxes $13,194
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Craftsman-style duplex nestled in the vibrant and up-and-coming Arlington Heights neighborhood of Los Angeles.

This exceptional 2-unit income property offers a rare opportunity to own in one of LA's most desirable areas. Investors and owner-users will discover a potential value-add opportunity to add Accessory Dwelling Unit (ADU) at the rear of the property on this large 7, 500SF lot that is currently being underutilized. Situated in the heart of Mid-City, adjacent to the sought-after residential ne ighborhoods of Lafayette Square and Country Club Park, this property boasts easy access to the I-10 and I-110 freeways, as well as convenient proximity to public transportation, making commuting a breeze.

Just minutes away from bustling Koreatown, residents will find themselves surrounded by an abundance of amenities including top-notch dining, entertainment, shopping centers nd more. Property is fully occupied and will be delivered with tenants.


Presented by Susan Lau at
Coldwell Banker Realty.
Listing Agent Photo

Property MLS #24-373547 from TheMLSCLAW

Bedrooms: 6

Total Bathrooms: 4
Full Bathrooms: 4

Lot Description: Front Yard, Sidewalks
Lot Size Acres: 0.1721993
Lot Size Source: Assessor
Lot Size Square Feet: 7501

Garage Description: Uncovered, Side By Side
Parking Total: 5

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 2
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 4000, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 4000

Source Listing Status: Active
County: Los Angeles
Cross Street: Pico Blvd. & 5th Ave.
Directions: On 5th Ave., between Pico Blvd. & 15th St.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5072-018-012
Postal Code Plus 4: 3415
Zoning: LARD2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$267,946 + $824,453
$1,092,399
$13,194
2021$262,693 + $808,288
$1,070,981
$13,026
2020$206,727 + $229,698
$436,425
$5,674
2019$202,674 + $225,195
$427,869
$5,461
2018$198,700 + $220,780
$419,480
$5,318
2017$194,804 + $216,451
$411,255
$5,207
2016$190,985 + $212,207
$403,192
$5,069
2015$188,117 + $209,020
$397,137
$4,997
2014$184,433 + $204,926
$389,359
$5,027
2013$183,600 + $204,000
$387,600
$5,022
2012$244,144 + $665,851
$909,995
$11,796
2010$239,357 + $652,796
$892,153
$11,543
2009$238,134 + $649,458
$887,592
$11,119
2009$237,569 + $647,918
$885,487
$11,119
2008$233,465 + $636,724
$870,189
$10,639
2007$228,888 + $624,240
$853,128
$10,291

Listed 2024-03-28
$1,380,000
TheMLSCLAW
Listing removed 2021-04-25
$0
CRMLS
Listed 2020-10-24
$1,190,000
CRMLS
Sold 2020-02-10
$1,060,000
TheMLSCLAW
Listing removed 2015-10-10
$789,000
TheMLSCLAW
Listed 2015-09-14
$789,000
TheMLSCLAW
Listing removed 2015-08-02
$750,000
TheMLSCLAW
Listed 2015-03-27
$750,000
TheMLSCLAW
Sold 2012-09-30
$380,000
TheMLSCLAW
Sold 2012-06-06
$380,000
Public Record
Price Changed 2011-04-09
$440,000
TheMLSCLAW
Listing removed 2011-03-03
$490,000
TheMLSCLAW
Listing removed 2010-11-06
$450,000
TheMLSCLAW
Price Changed 2010-11-04
$490,000
TheMLSCLAW
Listed 2010-11-01
$440,000
ITECH
Listed 2010-11-01
$490,000
TheMLSCLAW
Listed 2010-11-01
$4,900,000
TheMLSCLAW
Listing removed 2010-10-30
$450,000
ITECH
Price Changed 2010-09-29
$450,000
TheMLSCLAW
Price Changed 2010-09-15
$499,000
TheMLSCLAW
Listed 2009-12-08
$450,000
ITECH
Listed 2009-12-08
$630,000
TheMLSCLAW
Listing removed 2007-01-07
$859,000
ITECH
Listed 2006-07-06
$859,000
ITECH
Sold 2005-06-16
$820,000
Public Record
Listing removed 2005-04-01
$850,000
ITECH
Listed 2004-07-28
$850,000
ITECH
Sold 2002-11-20
$336,000
Public Record
Sold 1998-03-05
$195,000
Public Record
Sold 1995-04-25
$134,000
Public Record
Sold 1989-03-09
$200,000
Public Record
Sold 1987-07-30
$145,000
Public Record
Sold 1986-08-04
$249,770
Public Record

Net Operating Income: 51572

Total Square Feet Living: 2509
Year Built: 1910
Common Walls: Detached/No Common Walls
Direction Faces: East
Levels: Two Level
Living Area Source: Assessor
Property Age: 114
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor

Security Features: Gated, Smoke Detector, Carbon Monoxide Detector(s), Window Bars

Johnnie Cochran, Jr., Middle School is a public middle school located approximately 0.3 miles away.
directions icon Map directions

Arlington Heights Elementary School is a public elementary school located approximately 0.3 miles away.
directions icon Map directions

Los Angeles Senior High School is a public high school located approximately 0.9 miles away.
directions icon Map directions

Sound Of Music Preschool is a private elementary school located approximately 0.4 miles away.
directions icon Map directions

Click Thumbnail Images To View Full Size
house_viewhouse_viewhouse_viewhouse_viewhouse_view
house_viewhouse_viewhouse_viewroad_viewunknown
laundry_room

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.