456 Solano Ave Los Angeles, CA 90012
Estimated payment $8,283/month
Total Views
4,476
11
Beds
6
Baths
5,131
Sq Ft
$248
Price per Sq Ft
Highlights
- Property is near a park
- Up Slope from Street
- 6 Car Garage
- Solano Avenue Elementary Rated 9+
- Laundry Room
- Rectangular Lot
About This Home
Excellent investment opportunity located in LA's Elysian Park in the Historic Solano Canyon neighborhood. Centrally located right in the heart of the city, on the cusp of Echo Park, and so many of the landmarks that Los Angeles offers, including Dodger Stadium, Downtown, Chinatown, the LA River, Los Angeles State Historic Park, Radio Hill Gardens, Elysian Park, along with so many walking trails, public spaces, and viewpoints... too many to list here! 1978-construction, 6-car garage parking. 3-bedroom 2-bathroom two-story "owner's unit" in the front, and 4 x 2-bedroom 1-bathroom units in the rear, above the garages. Ample parking for all units, plus driveway space. Newer-style construction for the neighborhood. Pride of ownership property, with great long-term tenants and ease of management for a new owner. City of LA soft-story retrofit completed and compliant!
Listing Agent
Merit Real Estate Brokerage Phone: 310-989-6704 License #01760226 Listed on: 02/04/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1978
Lot Details
- 5,837 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 6 Car Garage
- Parking Available
- Up Slope from Street
Home Design
- Flat Roof Shape
Interior Spaces
- 5,131 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Location
- Property is near a park
- Property is near public transit
Listing and Financial Details
- Tax Lot 21
- Assessor Parcel Number 5414023019
Community Details
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $2,954
- Gardener Expense $585
- Insurance Expense $3,554
- Maintenance Expense $6,587
- Other Expense $2,209
- Professional Management Expense $5,878
- Supplies Expense $60
- Trash Expense $7,169
- Water Sewer Expense $3,758
- New Taxes Expense $15,936
- Operating Expense $48,690
- Gross Income $85,016
- Net Operating Income $36,326
Additional Features
- 5 Units
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | For Sale | $1,275,000 | -- | $248 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV25022046
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