5 months on rocket

2885 Francis Ave, Los Angeles, CA, 90005

$1,995,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Baths
5,846 SqFt
$341/SqFt
House
Schools Nearby

Location

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2885 Francis Ave, Los Angeles$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1917
MLS #23321211
Lot Size0.18 Acres
StatusActive

About 2885 Francis Ave

We are pleased to offer for sale a 4-Unit apartment building located in the highly sought-after neighborhood of Koreatown LA. The subject property is located on the corner of South Westmorland Ave and Francis Ave, just minutes to the new Zion Korean market and MacArthur Park. Situated on a HUGE lot of 8,060 sq. ft. and 5,846 sq. ft. of interior space is zoned for R4-2 TOC Tier 3 with ability to build 21-unit condo (FULLY-ENTITLED!). The new owner has the ability and option to add two ADU's for a two-bedroom and one-bedroom unit.

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Stories: 2
  • Living Area: 5,846 SqFt

Listing Office:

  • Office Name: Philco Realty
  • Office Phone: (310) 880-3013
  • Listing Agent: John C. Pak

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

School Info

Assigned Schools Information:

  • Rfk Community Schools-Los Angeles High School of T, Public District Grades 9-12
  • Rfk Community Schools-Ambassador-Global Leadership, Public District Grades 6-12
  • Rfk Community Schools- For The Visual Arts and Hum, Public District Grades 9-12
  • Young Oak Kim Academy, Public District Grades 6-8
  • Berendo Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Hoover Street 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: Corner of South Westmoreland Aveue & Francis Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000
  • Price Per SqFt: $341/SqFt

Tax Information:

  • Annual Amount: $18,031
  • 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

2885 Francis Ave vs Los Angeles

172 DAYS ON ROCKET

+138 Days

$1,995,000

+$1.0M More

$341/SqFt

-$287 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $287/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: #23321211

Listing Office:

  • Office Name: Philco Realty
  • Office Phone: (310) 880-3013
  • Listing Agent: John C. Pak

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, 10:25:19 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

Dec 24, 2019Home Sold
$1,450,000
Dec 14, 2005Home Sold
$1,180,000
Jan 25, 2002Home Sold
$465,000
Jan 02, 2001Home Sold
$380,000
Apr 09, 1999Home Sold
$348,000
Mar 22, 1999Home Sold
$210,000
Feb 08, 1995Home Sold
$119,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,031$1,465,022
2020$19,971$1,450,000
2019$19,780$1,632,000
2018$17,221$1,600,000
2017$17,221$1,389,438

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

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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-1163705
8
/10

  • Hoover Street Elementary School

  • 2726 Francis Ave

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-1163706
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 3.74 miles

  • Public Magnet Grades KG-6

school-card-donut-1163707
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 22.25 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-1163708
4
/10

  • Young Oak Kim Academy

  • 615 Shatto Pl

  • 0.43 miles

  • Public District Grades 6-8

school-card-donut-1163709
3
/10

  • Berendo Middle School

  • 1157 S Berendo St

  • 0.65 miles

  • Public District Grades 6-8

school-card-donut-1163710
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.44 miles

  • Public District Grades 6-8

High School

school-card-donut-1163711
4
/10

  • Rfk Community Schools-Los Angeles High School of T

  • 701 S Catalina St

  • 0.49 miles

  • Public District Grades 9-12

school-card-donut-1163712
2
/10

  • Rfk Community Schools-Ambassador-Global Leadership

  • 701 S Catalina St

  • 0.49 miles

  • Public District Grades 6-12

school-card-donut-1163713
3
/10

  • Rfk Community Schools- For The Visual Arts and Hum

  • 701 S Catalina St

  • 0.49 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,963. The most common annual income of people living in Los Angeles, CA is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2885 Francis Ave

What is the listing price of this property?

The listing price of 2885 Francis Ave property is $1,995,000.

What type of property is this?

The property 2885 Francis Ave is a house located in Los Angeles, California, 90005.

Is this property for sale now?

Active Listing: 2885 Francis 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 2885 Francis Ave are:
Hoover Street Elementary School: GreatSchools Rating 8/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Young Oak Kim Academy: GreatSchools Rating 4/10
Berendo Middle School: GreatSchools Rating 3/10
Studio: GreatSchools Rating 4/10
Rfk Community Schools-Los Angeles High School of T: GreatSchools Rating 4/10
Rfk Community Schools-Ambassador-Global Leadership: GreatSchools Rating 2/10
Rfk Community Schools- For The Visual Arts and Hum: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,031 (source: MLS/based on county public records data).

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

The last sale was on December 24, 2019 for $1,450,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2885 Francis Ave has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 2885 Francis Ave is 5,846 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2885 Francis Ave is 1917.

Rocket Homes›California›Los Angeles County›Los Angeles›90005›2885 Francis Ave

This home is located at 2885 Francis Ave in Los Angeles, CA and zip code 90005 in the Central LA neighborhood. This 5,846 square foot home, which was built in 1917, sits on a 0.18 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 06, 2023 and is currently priced at $1,995,000.

In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. The number of homes for sale in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.

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

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