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1407 5th Ave, Los Angeles, CA, 90019

$1,380,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Baths
2,509 SqFt
$550/SqFt
House
Schools Nearby

Location

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1407 5th Ave, Los Angeles$1,380,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingSide By Side, Uncovered
Year Built1910
MLS #24373547
Lot Size0.17 Acres
StatusActive

About 1407 5th Ave

Craftsman-style duplex nestled in the vibrant and up-and-coming Arlington Heights neighborhood of Los Angeles. This exceptional 2-unit income property offers a rare opportunity to own in one of LA's most desirable areas. Investors and owner-users will discover a potential value-add opportunity to add Accessory Dwelling Unit (ADU) at the rear of the property on this large 7,500SF lot that is currently being underutilized. Situated in the heart of Mid-City, adjacent to the sought-after residential neighborhoods of Lafayette Square and Country Club Park, this property boasts easy access to the I-10 and I-110 freeways, as well as convenient proximity to public transportation, making commuting a breeze. Just minutes away from bustling Koreatown, residents will find themselves surrounded by an abundance of amenities including top-notch dining, entertainment, shopping centers, and more. Property is fully occupied and will be delivered with tenants.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Stories: 2
  • Living Area: 2,509 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 820-6651
  • Listing Agent: Susan Lau

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Side By Side, Uncovered

Lot Features

Lot Information:

  • Lot: Front Yard
  • Lot Size: 0.17 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
  • Johnnie Cochran, Jr., 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: On 5th Ave., between Pico Blvd. & 15th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,380,000
  • Price Per SqFt: $550/SqFt

Tax Information:

  • Annual Amount: $13,026
  • 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

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

1407 5th Ave vs Los Angeles

30 DAYS ON ROCKET

-4 Days

$1,380,000

+$404K More

$550/SqFt

-$78 Less

KEY TAKEAWAY

This property is $404K more than the Median Sold Price and $78/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24373547

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 820-6651
  • Listing Agent: Susan Lau

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: 4/27/2024, 9:25:21 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

Feb 10, 2020Home Sold
$1,060,000
Jun 06, 2012Home Sold
$380,000
Jun 16, 2005Home Sold
$820,000
Nov 20, 2002Home Sold
$336,000
Mar 05, 1998Home Sold
$195,000
Apr 25, 1995Home Sold
$134,000
Mar 09, 1989Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,026$1,070,981
2020$5,461$436,425
2019$5,318$427,869
2018$5,208$419,480
2017$5,208$411,255

History based on county public records data.

Payment Calculator

$6,955

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,204

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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-1153291
2
/10

  • Arlington Heights Elementary School

  • 1717 7th Ave

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-1153292
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 2.96 miles

  • Public Magnet Grades KG-6

school-card-donut-1153293
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 20.84 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-1153294
2
/10

  • Johnnie Cochran, Jr., Middle School

  • 4066 West Johnnie Cochran Vist

  • 0.34 miles

  • Public District Grades 6-8

school-card-donut-1153295
4
/10

  • Studio

  • 2211 W Avenue 30

  • 6.38 miles

  • Public District Grades 6-8

High School

school-card-donut-1153296
2
/10

  • Los Angeles Senior High School

  • 4650 W Olympic Blvd

  • 0.89 miles

  • Public Magnet Grades 9-12

school-card-donut-1153297
8
/10

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

  • 456 S Mathews St

  • 6.36 miles

  • Public Magnet Grades 9-12

school-card-donut-1153298
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 14.36 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 $32,949. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1407 5th Ave

What is the listing price of this property?

The listing price of 1407 5th Ave property is $1,380,000.

What type of property is this?

The property 1407 5th Ave is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Active Listing: 1407 5th Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1407 5th Ave are:
Arlington Heights Elementary School: GreatSchools Rating 2/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Johnnie Cochran, Jr., Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
Los Angeles Senior High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,026 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 10, 2020 for $1,060,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1407 5th Ave has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1407 5th Ave is 2,509 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1407 5th Ave is 1910.

Rocket Homes›California›Los Angeles County›Los Angeles›90019›1407 5th Ave

This home is located at 1407 5th Ave in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 2,509 square foot home, which was built in 1910, sits on a 0.17 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $1,380,000.

While more than 628 listings in Los Angeles, CA in March 2024 were sold above asking price, there were more than 196 listings sold at asking price, and more than 579 were sold below. The inventory of homes for sale in Los Angeles, CA between February 2024 and March 2024 increased by 10.8%. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.

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

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