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1419 Bronson Avenue

Los Angeles, CA 90019

$850,000 Sale Price
Est. Payment: $ 0/mo
8
Bed
0
Bath
4,628 Sq. Ft.
$205 / Sq. Ft.
Sold

1419 Bronson Avenue

Los Angeles, CA 90019

Sold
$850,000 Sale Price
$0/mo
8
Bed
0
Bath
4,628
Sq. Ft.
1 /
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.
PROPERTY INFORMATION
MLS # 24372099 Lot Size 6,283 Sq. Ft.
HOA Fees $0/Monthly Property Type N/A
Price $ 950,000
Price Per SqFt: $ 205
DOM 357 Days
Address 1419 Bronson Avenue Type Residential Income
City Los Angeles Sq.Ft. 4,628 Sq. Ft.
Postal Code 90019 Garage N/A
County Los Angeles Year Built 1924
Bed / Bath 8 / 0 Parking 4
Built In 1924 Status Closed
Sold Date 2024-05-10
INTERIOR FEATURES
Has Laundry Yes
Laundry Information Washer Included, Dryer Included
Has Appliances Yes
Kitchen Appliances Refrigerator, Oven
Has Heating Yes
Heating Information Wall Furnace
Has Cooling No
Cooling Information None
Flooring Information Wood
EntryLocation Ground Level w/steps
EXTERIOR FEATURES
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,013
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
05/10/2024 Sold $850,000
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Listing provided courtesy of Joe Connolly, eXp Realty of California Inc. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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