Back to Search Nalren

Sold for $652,200 · Apr 2019

SOLD

Listed at $699,000

Sold

441 W 52nd Street, Los Angeles, CA 90037

Los Angeles, CA

MLS# PW18254962

2,171 Sq Ft • Property
123 days on market

Listing Agent

Daniel Lewin

Listing Agent

Marcus & Millichap

DRE #: 01932742

Brokerage: Marcus & Millichap

Property Details

N/A

Bedrooms

N/A

Bathrooms

2,171 sqft

Square Feet

1910

Year Built

5,000 sqft

Lot Size

$300

Price/Sq Ft

3

Garage Spaces

N/A

HOA

Property

Property Type

Description

Incredible Cash Flow! 7.18 CAP on Actual Existing Income. The property consists of a four-bedroom unit and two two-bedroom units as well as three garages that are rented out for additional income at $300/month each. The property has recently undergone extensive renovations by ownership, with new landscaping, a repaved driveway, exterior renovations, and a complete renovation of the four-bedroom unit and one of the two-bedroom units. Because of the upgrades, the property is generating strong cash flow and is offered at an attractive cap rate above 7% with additional upside to a 9% cap rate in the two-bedroom.units that are rented at below-market rates to long-term tenants. 
 
 The property is well-located for commuters in South Los Angeles, less than two minutes from a 110 freeway on-ramp providing easy access to major employment centers in Downtown Los Angeles as well as Torrance, Gardena, and the Port of Los Angeles. The property is also easy walking distance to numerous public transportation options. Additionally, the property is less than 2 miles from the University of Southern California as well as Exposition Park which is the site of the brand new Banc of California Stadium (home to the LAFC), the world-famous Los Angeles Memorial Coliseum, and numerous museums including the under-construction $1 Billion George Lucas Museum of Narrative Art.

Listing description from the April 2019 sale, as reported to CRMLS.

Sale history for 441 W 52nd Street

2 recorded sales

$652,200
Sold April 2019 · listed $699,000, orig. $725,000, on market October 2018, 123 days on market · MLS #PW18254962 · Source: CRMLS
Listing Agent: Daniel Lewin · Listing Office: Marcus & Millichap · Contact: 562-257-1200 · Bought with: Hector Lara · Furstenberg Realty
$465,000
Sold April 2018 · listed $492,900, on market February 2018, 10 days on market · MLS #18315556 · Source: CRMLS
Listing Agent: Ron Cooper · Listing Office: R.S. Cooper & Assocs Realty · Contact: 323-299-4876 · Bought with: Gabriela Manakova · Innovative Property Strategies

How this sale compares

441 W 52nd Street sold for $652,200 in April 2019, 6.7% under its $699,000 list price, after 123 days on the market. It was first listed at $725,000. Across 91 closed sales in 90037 over the last 12 months, the median sold price is $715,000 and the median is $444 per square foot.

$444
90037 median per sq ft (12 mo)
$715,000
90037 median sold price (12 mo)
91
Closed sales in 90037 (12 mo)
123
Days on market
−6.7%
Sold vs. list price
QuarterClosed sales in 90037Median sold price
Q1 20267$645,000
Q2 202643$720,000
Q3 202629$720,000
Q4 202612$707,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90037

Recent sales near 441 W 52nd Street

Closed sales reported in 90037, nearest first, last 12 months. All recent sales in Los Angeles →

Explore Los Angeles