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1419 Bronson Avenue
Los Angeles, CA 90019
Sold
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 | 386 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
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,013
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
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.
