No photo available
1419 S Bronson Ave, Los Angeles, CA 90019
$850,000
1419 S Bronson Ave, Los Angeles, CA 90019View this property at 1419 S Bronson Ave, Los Angeles, CA 90019
1419 S Bronson AveLos AngelesCA90019
Property Description
Cashflow is king and this building offers it in spades! This is the best priced investment within a five mile radius; it's a great "buy and hold" play with immediate upside. The city-allowed 4% increase has not been implemented yet, all units are renting slightly below market value and two of them are expected to become vacant in the near future. When I negotiated the acquisition in 2009, this property was grossing just over $67,000 annually. Today, ACTUAL rents are $99,900. New owners could estimate the income to surpass $110,000 in the first year. Developers are cautioned to review the public record and the attached excerpt from the title report. Despite being located within R3 zoning, there is an easement which might preclude construction of additional units.
Full Property Details
Full Property Details for 1419 S Bronson Ave
General
- Sold For: $850,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-372099
- Added to Site: 62 day(s) ago
Interior
- Cooking Appliances: Oven
- Flooring: Wood, Mixed
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: In Unit
Additional Information
- Other Features: None
Parking
- Garage Description: Driveway
Location
- Area: Mid Los Angeles
- County: Los Angeles
- Driving Directions: Between Pico and Venice, one block east of Crenshaw.
- Direction Faces: East
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Utilities
- Sewer: In Street
- Water: Public
Structural Information
- # Buildings: 1
- Architectural Style: Spanish
- Exterior Const.: Stucco
- Common Walls: Attached
- Entry Location: Ground Level w/steps
- Stories/Levels: 2
- Square Feet: 4,628
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1924
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1.5
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1442
- Lot Size: 6283
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $205.27
- Assessment Year: 1924
- Owner Pays: Water, Gardener
- Tenant Pays: Gas, Electricity, Trash Collection, Other
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5072-005-001
Listed by eXp Realty of California Inc, Joe Connolly
Sold by Compass, Joe Myers
Get Pre-Approved Today
Schools
Schools serving 1419 S Bronson Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1717 7th Ave, Los Angeles, CA 90019 | K-5 | 0.3 mi | |
4066 W Johnnie Cochran Vista, Los Angeles, CA 90019 | 6-8 | 0.3 mi | |
4650 W Olympic Blvd, Los Angeles, CA 90019 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1419 S Bronson Ave
Date
Details
Price
Change
Source
5/10/2024
Sold
$850,000
-10.53%
MLS
4/03/2024
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1419 S Bronson Ave, Los Angeles, CA 90019 (MLS# 24-372099) is a Multi-Family property that was sold at $850,000 on May 10, 2024. Want to learn more about 1419 S Bronson Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.