221 S Avenue 19, Los Angeles, CA 90031
FOR SALE

221 S Avenue 19
Los Angeles, CA 90031

Lincoln Heights
  • 9 Beds
  • 8 Baths
  • 4,130 sqft
  • 9 Beds
  • 8 Baths
  • 4,130 sqft

$2,350,000

Est. Mortgage $15,045/mo*
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Local Information

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Description

We are pleased to present 221 S Avenue 19 Apartments: an eight (8) +1 partially permitted private suite multifamily investment located in the heart of the Lincoln Heights submarket of Los Angeles. The property also includes Ready-To-Issue Permits for the construction of two ADU units consisting of two Studio units that will be situated near the rear of the large 9,952 SF lot zoned LA-R1.5. These three, single story, wood frame stucco buildings were built in 1923, 1924, and 1925and consist of 4,130 SF of living area with eight (8) on-site parking spaces. In addition to the 4,130 SF of living area, the ADU additions will add an additional 800 SF of living area to the property when completed. The front Two Bedroom unit was recently subdivided into one(1) Studio suite unit and (1) 1 Bedroom / 1 Bathroom unit with partial permits from the city of Los Angeles (Buyer to verify and complete all due diligence as to the legality of said partial permit | Ask Listing Agent for details regarding this new private suite and permits in place).The property currently features seven (7) One Bedroom | One Bathroom units, one (1) Two Bedroom | one Bathroom unit, and one (1) Studio Suite style unit (Buyer to verify and complete all due diligence as to the legality of said permit). The 2 Bedroom unit has undergone extensive renovations in addition to the new added Studio Suite. The additional 1 bedroom units have undergone extensive rehab including, but not limited to: completely redone bathrooms and showers, upgraded living rooms, new kitchens featuring brand new appliances, laminate flooring, new windows, all new paint, etc. Further, these have been updated with new plumbing and upgraded electrical systems. A new owner will benefit from the immediate upside that will be provided by completing the RTI ready ADUs to the property. All of the heavy lifting and costs associated with the City of Los Angles and been completed, and a new owner can potentially break ground shortly after the close of escrow. An investor will also benefit from the property's low annual expenses: no trash expense, separate gas and electric meters, and drought tolerant landscaping providing strong current and future cash flow.

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$569
Listed
180+ days ago

Home Details for 221 S Avenue 19

Interior Features

Beds & Baths
Number of Bedrooms: 9Number of Bathrooms: 8
Dimensions and Layout
Living Area: 4130 Square Feet
Heating & Cooling
Heating: WallHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Wall
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Other Structures: Shed(s)
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 8Parking: Driveway,Open

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1923
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family

Price & Status

Price
List Price: $2,350,000Price Per Sqft: $569

Active Status

MLS Status: Active

Location

Direction & Address
City: Los Angeles

Agent Information

Listing Agent
Listing ID: 23-320739

Building

Building Area
Building Area: 4130 Square Feet

Lot Information

Lot Area: 9953.46 sqft

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2.0Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 23-320739
Last check for updates: about 16 hours ago
Listing courtesy of Derrick Vartanian DRE # 01816119, (310) 341-4872
Lyon Stahl Investment Real Estate, Inc., (310) 425-9838
Source: CLAW, MLS#23-320739

Price History for 221 S Avenue 19

DatePriceEventSource
10/13/2023$2,350,000Listed For SaleCLAW #23-320739
05/20/2022$1,950,000Sold
N/A
04/12/2022$2,065,000PendingCLAW #21-110549
01/20/2022$2,065,000ContingentCLAW #21-110549
01/19/2022$2,065,000PriceChange
CLAW #21-110549
01/06/2022$2,145,000Listed For SaleCLAW #21-110549
09/29/2017$1,250,000Sold
CLAW #17248432
03/08/2013$595,000Sold
N/A
08/03/2004$355,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$25,037
Assessment$1,989,000
Home facts updated by county records

Comparable Sales for 221 S Avenue 19

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
347 S Avenue 19, Los Angeles, CA
0.19
Multi-Family Home
$1,050,000
12/26/23
11
6
3,944
2705 Darwin Ave, Los Angeles, CA
0.48
Multi-Family Home
$1,200,165
01/24/24
12
7
4,555
520 Solano Ave, Los Angeles, CA
0.64
Multi-Family Home
$805,000
07/26/23
10
6
3,412
1920 Hancock St, Los Angeles, CA
0.78
Multi-Family Home
$1,001,000
08/29/23
6
5
3,100
617 Echandia St, Los Angeles, CA
1.25
Multi-Family Home
$1,275,000
07/25/23
8
7
3,872
3225 Baldwin St, Los Angeles, CA
0.82
Multi-Family Home
$920,000
09/14/23
5
4
3,156
2214 Thomas St, Los Angeles, CA
0.93
Multi-Family Home
$1,025,000
04/20/24
6
3
3,360
3116 Johnston St, Los Angeles, CA
1.06
Multi-Family Home
$1,265,000
06/30/23
6
5
3,300
300 S Avenue 19, Los Angeles, CA
0.34
Multi-Family Home
$750,000
03/26/24
2
2
1,952

Neighborhood Overview

Lincoln Heights
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lincoln Heights

  • Aldric G.
    "Dog owners would like walking their dogs around the neighborhood as the blocks are big enough for good walking distances and there is a park nearby for dogs to run around and play."
    0
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  • Trulia User
    "Easy access to public transportation towards DTLA. No chance of making it to OC or IE with out some difficulty. Being close to DTLA, rush hour traffic isn’t easy to beat."
    1
    Flag
  • Trulia User
    "Unsafe neighborhood with bad public schools. It’s not wise at all to start or raise a family here. "
    0
    Flag
  • Spolan627
    "If you can look past the run down nature of the houses. The neighborhood has a lot of character. The people keep to themselves but there are a lot of families that live here. It's pretty quiet except when the Ice cream truck rolls by. "
    10
    Flag
  • Meghanmarsala
    "There are several green areas to walk your dog to. Lincoln park is a great little pet spot. There are several pet stores in the area"
    2
    Flag
  • Yvette A.
    "This neighborhood isnt for those people that don't like fireworks or whose pets are afraid. Theres a lot of noise here. Especially from May-August"
    1
    Flag
  • Stephanie N. D. A.
    "There is a lot of grass to walk your dog but there is also a lot of old vegetation that tends to over grow and get stuck to your pet and there is also coyotes here from time to time also a lot of stray cats "
    5
    Flag
  • Jamesgleslie
    "Lots of people walk their dogs. Very pleasant during the day. Very different story at night! Dog poo seldomly picked up. Close to hiking path trails and parks. Lots of good grocery stores but not sure if they’re pet friendly. I own a cat but I can tell the neighborhood is cohesively shared with mans best friend. I love it here!"
    4
    Flag
  • Marcella Q.
    "There are occasional carnivals. Very fun. They close the street and you ride attractions. They sell tickets and with them you can ride the attractions. "
    0
    Flag
  • Ashley A.
    "Lately for these specific apartments it’s not that great. It’s not well protected and I say this because I have witnessed people breaking in (homeless & drug users). Nobody is actually caring enough when we report these issues. "
    7
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  • Gomez_juan_07
    "It’s getting gender equality for all y’all people who don’t lo like to live in downtown but like to be able to be close to downtown and live the fact that they are outing new bars and caffe shops like Starbucks and Tierra Mia and Lincoln highs cafe and bar that we can go and have fun "
    4
    Flag
  • Giselle A.
    "It’s nice and quiet I like it cause people mind there own business and I feel safe around here. Also everything is a close"
    0
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  • Ashley R.
    "I live near sacred heart and griffin elementary. Kids walk to and from school with their families. I also saw a lot of families out on Halloween. On the weekends it’s somewhat common to see kids playing outside. "
    0
    Flag
  • Estebancamey
    "I’ve lived here for 4 years now and I take my dog for a walk all over the neighborhood and everyone I come across always smiles and says hello."
    6
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  • Gavilandarriba
    "there some weirdos out her. when the sun goes down make sure your kids are home. every Wednesday there a farmer's market on Broadway. "
    0
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  • Jorge M.
    "Some people don’t know how to keep there dogs on a leash and don’t know how to pick up after their dogs duty "
    0
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  • Nick
    "I almost got robbed last time I went back to visit. Good thing I know the area and ran through an alley. Some things never change. "
    0
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  • peaceful
    "Not the best/safest neighborhood. I enjoy living so close to DTLA & the delicious taco/corn stands, but that's about it. There are no good grocery stores in the area and I can never tell if it's fireworks going off or gunshots. People are really inconsiderate with how loud they are at night, even on week nights. "
    14
    Flag
  • Demi C.
    "I’ve lived here for a year and I love it. It’s away from all the noise but close enough to the more popular areas"
    1
    Flag
  • holly S.
    "Somewhat quiet, clean and near a nice public park with a trail. Near the city but not as much traffic. "
    0
    Flag
  • Laura S.
    "gun shots and drive bys! this is the reality of this neighborhood. check out the citizen app for crime info. "
    0
    Flag
  • Ashley
    "it is 15 min drive to alhambra, Glendale, close to grocery stores, alot od convenient places as well."
    6
    Flag
  • So_sarah89
    "It’s a very quiet and friendly area. Don’t judge a book by its cover with Lincoln Heights. It’s a warm neighborhood."
    4
    Flag
  • Jamienfalcon
    "There are some kids but it’s not the kind of neighborhood where neighbors kids play together. There are regular icecream trucks and vendors around."
    1
    Flag
  • Nena
    "I think its gross that their are dog owners who leave their pets doo doo behind day after day, with no consideration for the neighborhood 🤬 the sidewalks are not your dogs personal bathroom. Pick up after your pets! "
    1
    Flag
  • Emmanuel H.
    "Its a feel good neighborhood with lots to do please don't gentrify it! it has lots of character and the community is fun and the houses are historic one of the oldest communities in Los Angeles "
    1
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  • Virivette
    "Way too expensive!!!!!!!!!!! no rent control. The neighborhood is a not nice for it to ne so expensive. There's crime and police activity often. Walls full of graffiti. The owners do not care for tennants and don't fix anything. It is bad!!!"
    0
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  • Steph k.
    "La Chuperia!!! Best burritos and craft beer around ! Super safe place to visit family owned - michaladas are incredible free valet!!"
    5
    Flag
  • Keilatopete
    "Schools are close by within walking distance. There’s a lot of cultural arts programs in Lincoln Park, from music to dance and art. The area is slowly being gentrified. USC school of medicine and pharmacy is slowly taking over: there are a lot of USC affiliated people moving into the neighborhood."
    1
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LGBTQ Local Legal Protections

Derrick Vartanian, Lyon Stahl Investment Real Estate, Inc.
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
221 S Avenue 19, Los Angeles, CA 90031 is a 9 bedroom, 8 bathroom, 4,130 sqft multi-family built in 1923. 221 S Avenue 19 is located in Lincoln Heights, Los Angeles. This property is currently available for sale and was listed by CLAW on Oct 13, 2023. The MLS # for this home is MLS# 23-320739.