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SOLD 3/19/2021
1051 Masselin Avenue, Los Angeles, CA 90019
6
beds
4
baths
3928
ft2
· 7851
ft2 lot
$1,875,000
$482 / ft2
Listing provided courtesy of Listing Broker: Glenn Brander, Miller & Desatnik Realty Co..
Source CRMLS.
The Masselin Residences, an impeccably well preserved, vintage quad-plex located at 1051 Masselin Avenue in the beautiful Miracle Mile neighborhood of Los Angeles. This charming, architecturally pleasing property features nicely laid out residences with hardwood floors, copper plumbing throughout & there are new roofs on both the main & garage structures. The subject property is within close proximity to many iconic Los Angeles landmarks including: The Los Angeles County Museum of Art (LACMA), The Grove, The Original Farmers Market, La Brea Tar Pits, and the El Rey Theatre. Additionally, the property has a Walk Score of 80, within a short distance to many nearby restaurants, retail shops, entertainment and office buildings. Additional images are available upon request.
HOA
$—/month
On market
3 months
Year built
1939
Property type
Multi-Family
Parking
4
MLS
20654600
Price / Sq.Ft.
$482 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $1,895,000
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Net Rebate:
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Best
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$9,475
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$9,475
Better
Discount Brokerage
$7,270
not offered
$7,270
Average
Traditional Brokerage
$0
not offered
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Appliances: Dishwasher, Disposal, Gas Range
•   
Has Appliances
•   
Laundry: 1
Flooring
•   
Flooring: Wood
Interior Size
•   
Building Area Total: 3928.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 4.00
Building Info
•   
Zoning: LARD1.5
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1800
•   
Lot Size Area: 7851.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Type
•   
Architectural Style: See Remarks
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 103180.00
•   
Total Expenses: 33918.00
•   
Gross Multiplier: 17.81
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 106371.00
•   
Tax Year: 2019
•   
Taxes: 14895.0
Lease Info
•   
Net Operating Income: 69262.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1943.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1943.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2900.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 2900.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1434.00
•   
Unit 1 Total Rent: 1434.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2550.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2550.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: South of Olympic Blvd., East of Fairfax
Other
Calculation
•   
Dom: 88
•   
Cdom: 88
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 23, 2021 11:04am
Neighborhood snapshot
166
Properties for sale
17
Median days on market
$602.19
Median sold price/sqft
99.78%
Sold/List %
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Property History
03/19/2021
03/19/2021
CRMLS #20654600
sold
CRMLS #20654600
$1,895,000
+1.07%
03/18/2021
03/18/2021
Public Record
sold
Public Record
$1,875,000
--1.06%
11/02/2020
11/02/2020
CRMLS #20654600
active
CRMLS #20654600
$1,895,000
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