AMPLE BACKYARD PERFECT FOR FAMILY GATHERINGS.
1918 W 23rd St Los Angeles, CA 90018
ASKING $440,000 ARV $560,000-$575,000 as SFR or Duplex. $45K Repairs
The strategy is to either keep it as a single family residence or convert it BACK to a duplex and use as an income property since the zoning is for multifamily.
SFR COMPS:
2806 Halldale Ave. $445K 4 beds 3 baths 2,270 sqft Lot 7,411
2267 West 21st St. $560k 4 beds 2 baths 2,220 sqft Lot 6,009
2953 S. Harvard Blvd $600k 4 beds 2 baths 1,775 sqft Lot 6,370
MULTI-FAMILY COMPS:
2317 South Congress Ave $450,000 4/4 2366 (Need rehab)
1491 West 30th St. $512k 4 beds 3baths 1,074 sqft Lot 7,468
20224 West 28th St. $460k 6 beds 3 baths 2,276 sqft Lot 6,250
Rehab 45k-50k
Additional Comps
1. 1724 W 24th St was a 4 bed 3 bath at 2498 sqft was purchased in Oct 2014 for
$360k Legally the sqft is 2498 and 3 unit. Investors purchased and cleaned the exterior (paint,
exterior work) and incorporated 2 non legal units into unit mix.
2. Property is now listed for $589k 17 days on the market. Not much work done on the inside.
10 day close on this one!