3 months on rocket

1121 5th Ave, Los Angeles, CA, 90019

$2,450,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1121 5th Ave, Los Angeles$2,450,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage3 spaces
Year Built1948
MLS #PW24011677
Lot Size0.33 Acres
StatusActive

About 1121 5th Ave

First time on the market in over 25 years. Welcome to 1121 5th Ave, Los Angeles CA 90019. This Property is absolutely stunning, and a great opportunity to enjoy passive income. In addition.. it is zoned LARD1.5, which enables the new owner to build up to 9 units and 2 ADUs ( verified with Building and Safety ) sitting on a huge lot. HOT AREA for new development opportunity in one of L.A.'s Hottest Neighborhood. Close proximity to shopping, restaurants, schools, parks, public transportation, and freeway. The Tenants are paying well below market rent.

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Stories: 2

Listing Office:

  • Office Name: Klovus Realty
  • Office Phone: (661) 932-5117
  • Listing Agent: Alan Cruz

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 3 spaces

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

School Info

Assigned Schools Information:

  • Los Angeles Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Pio Pico Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Arlington Heights Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: Between Olympic and Pico near Crenshaw

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,450,000

Tax Information:

  • Annual Amount: $5,365
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

1121 5th Ave vs Los Angeles

105 DAYS ON ROCKET

+71 Days

$2,450,000

+$1.4M More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24011677

Listing Office:

  • Office Name: Klovus Realty
  • Office Phone: (661) 932-5117
  • Listing Agent: Alan Cruz

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 8:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 31, 1995Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,365$387,924
2020$5,221$383,947
2019$4,961$376,419
2018$4,864$369,039
2017$4,864$361,804

History based on county public records data.

Payment Calculator

$12.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,412

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5836388
2
/10

  • Arlington Heights Elementary School

  • 1717 7th Ave

  • 0.77 miles

  • Public District Grades KG-5

school-card-donut-5836389
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 2.70 miles

  • Public Magnet Grades KG-6

school-card-donut-5836390
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 20.75 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-5836391
5
/10

  • Pio Pico Middle School

  • 1512 Arlington Ave

  • 0.45 miles

  • Public District Grades 6-8

school-card-donut-5836392
4
/10

  • Studio

  • 2211 W Avenue 30

  • 6.10 miles

  • Public District Grades 6-8

High School

school-card-donut-5836393
2
/10

  • Los Angeles Senior High School

  • 4650 W Olympic Blvd

  • 0.75 miles

  • Public Magnet Grades 9-12

school-card-donut-5836394
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 6.32 miles

  • Public Magnet Grades 9-12

school-card-donut-5836395
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 14.18 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,214. Typical income of Los Angeles, CA residents is less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90019›1121 5th Ave

This home is located at 1121 5th Ave in Los Angeles, CA and zip code 90019 in the Country Club Park neighborhood. This home, which was built in 1948, sits on a 0.33 acre lot. It has been listed on Rocket Homes since January 19, 2024 and is currently priced at $2,450,000.

Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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