5111 Ascot Avenue, Los Angeles, CA 90011

About this property

BUNGALOWS on Ascot! We are pleased to present a 6-Unit bungalow community located at 5111 Ascot Ave. With 6 separate bungalow structures on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The building currently operates at a 9.96 GRM on current rents, with rental upside potential to a 6.46 GRM and a 10.85% CAP on pro-forma rents. The units consist of 2 studio bungalows (one of which is a brand new ADU!), 3 one-bedroom bungalows, and 1 two-bedroom bungalow. Delivered with 1 unit VACANT, it will allow the new owner to set a market rent for a very in-demand bungalow product.

Listing description from the August 2024 sale, as reported to CRMLS.

Sale history

$880,000

Sold August 2024 · listed $1,000,000, on market May 2024 · MLS #24394893 · Source: CRMLS

Listing Agent: Casey Lins · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: Casey Lins · Kidder Mathews of California, Inc.

$700,000

Sold April 2018 · listed $750,000, orig. $699,900, on market December 2017 · MLS #DW17267394 · Source: CRMLS

Listing Agent: Laura D'Hernandez · Listing Office: ReMax College Park Realty · Contact: 562-232-2200 · Bought with: Mike Iryami · BRC Advisors Inc.

Explore Los Angeles