$1,598,000

Estimated payment $9,455/month

Total Views 787
12 Beds
6 Baths
4,342 Sq Ft
$368 Price per Sq Ft

About This Home

JEFFERSON PARK! Discover an elegant Craftsman-style duplex at 2922 and 2924 8th Avenue PLUS 2 ADDITIONAL units @ 2922 1/2 and 2924 1/2 8th Avenue, offering a smart investment opportunity! The features a total of 4 bedrooms and 2 baths in each of the original construction units AND are complemented by TWO NEWLY CONSTRUCTED ADUs! Each ADU has two bedrooms and one bath and are fully equipped with mini-split A/C and heat systems as well as stackable washer and dryer hookups! Perfect OWNER USER or INVESTOR looking for a solid opportunity to own a unique property in the heart of Los Angeles! Unit 2924 presents a value- add opportunity as well. Enjoy privacy with individual retreat areas for each building, creating a serene living environment. The generous 7,500 square-foot lot includes two garages, providing excellent storage solutions Centrally located with easy access to the Metro Line. CLOSE TO USC, DTLA, as well as major financial districts in Los Angeles, this property is perfect for those seeking convenience and charm. VA, FHA, and Conventional offers are welcomed!! Don't miss this unique chance to own a versatile income-generating asset.

Listing Agent

Delia Hooper

Compass License #01180987 Listed on: 06/26/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,702

Year Built

  • Built in 1922

Lot Details

  • 7,502 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Craftsman Architecture
  • Split Level Home

Interior Spaces

  • 4,342 Sq Ft Home
  • 2-Story Property
  • Stacked Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Baseboard Heating

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5051-020-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,702

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Multi/Split, Two
  • Street Number Display: Yes
  • Living Area: 4342
  • Lot Acreage: 0.1722
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 6.00
  • Equipment: Stackable W/D Hookup, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 368.03

Exterior Features

  • Other Structures: Accessory Bldgs

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Electric, Air Conditioning
  • Heating: Baseboard, Electric, Combination, Wall
  • Water Expense: 5002.00

Fee Information

  • Insurance Expense: 2120.00

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 561816
  • Assessed Land Percent: 40
  • Assessed Land Value: 374544
  • Total Assessed Value: 936360
  • Assessor Parcel Number: 5051-020-024
  • Lot Size Area: 7502

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.35
  • Number Of Units: 4
  • Total Annual Expense: 15190.75
  • Type Of Units: Duplex+ADUs
  • Vacancy Rate: 50%

Tax Info

  • Tax Expense: 6064.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,702 $936,360 $374,544 $561,816
2023 $11,482 $918,000 $367,200 $550,800
2022 $10,959 $900,000 $360,000 $540,000
2021 $2,504 $175,338 $86,461 $88,877
2019 $2,438 $170,140 $83,898 $86,242
2018 $2,325 $166,804 $82,253 $84,551
2016 $2,196 $160,329 $79,060 $81,269
2015 $2,168 $157,922 $77,873 $80,049
2014 $2,191 $154,829 $76,348 $78,481
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $1,598,000 -- $368 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $900,000 Provident Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $265,000 New Conventional
Open $885,000 New Conventional
Closed $980,000 Commercial
Previous Owner $250,000 Unknown
Previous Owner $200,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25551797

The MLS

APN: 5051-020-024