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244 Belmont Ave, Los Angeles, CA, 90026

$840,000

Home List Price

$9,975*

Closing Credit

10 Bedrooms
5 Baths
3,846 SqFt
$218/SqFt
House

Location

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244 Belmont Ave, Los Angeles$840,000

Buyer Closing Credits

$9,975*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1890
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #24453189
Lot Size0.11 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 244 Belmont Ave

** Now priced for immediate sale! ** Great opportunity to own a well-maintained corner lot quadruplex on a great block at the top of the hill in Historic Filipinotown! Charming complex with two buildings (two separate addresses: 244-246 Belmont and 1571-1573 Council - both up and down), the front one with quaint brick steps and front patio and a Queen Anne-style roof turret. Exterior has been recently painted and features four good sized units, each with front and rear entrances, and all occupied by excellent long-term tenants. Finishes could use updating, but some systems have been upgraded including updated electrical, own water heaters, washer/dryer hookups, A/C in some units. Great unit mix and more than 100% potential up-side in rents after remodeling or great income generating home for future owner-user. Actual rents: 244 Belmont: $1,039.48, 246 Belmont: $1,098.74, 1571 Council: $1,379.00, and 1573 Council: $1,039.37. ($4,556.59/month total). Listed rents of $4,738/month, 4.38% cap rate, and 14.77 GRM reflect upcoming 4% rent increase on February 1, 2025. Nicely landscaped front and side yards with lime tree and patio area between buildings. Great location with views of Downtown and much development going on nearby. Close to Echo Park, Downtown LA, Dodger Stadium, along with numerous coffee shops, restaurants, medical facilities, and recreation facilities.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1890
  • Stories: 2
  • Living Area: 3,846 SqFt

Listing Office:

  • Office Name: RE/MAX ESTATE PROPERTIES
  • Office Phone: (310) 559-5570
  • Listing Agent: Reid C. Kaplan

Interior Features

Interior Information:

  • Appliances: Refrigerator, Dryer, Washer

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: South of Temple St., North of Beverly Blvd., West of Glendale Blvd. at corner of Council and Belmont.

Price Information

Listing Price Info

Price Summary:

  • List Price: $840,000
  • Price Per SqFt: $218/SqFt
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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

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

244 Belmont Ave vs Los Angeles

64 DAYS ON ROCKET

+26 Days

$840,000

-$181.5K Less

$218/SqFt

-$422 Less

KEY TAKEAWAY

This property is $181.5K less than the Median Sold Price and $422/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: #24453189

Listing Office:

  • Office Name: RE/MAX ESTATE PROPERTIES
  • Office Phone: (310) 559-5570
  • Listing Agent: Reid C. Kaplan

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: 12/18/2024, 4:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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.

Nearby Schools

school-card-donut-48022
4
/10

  • Union Avenue Elementary

  • 150 S Burlington Ave

  • 0.26 miles

  • Public District Grades PK-5

school-card-donut-48023
4
/10

  • Betty Plasencia Elementary

  • 1321 Cortez St

  • 0.41 miles

  • Public District Grades KG-5

school-card-donut-48024
4
/10

  • N.E.W. Academy of Science and Arts

  • 379 Loma Dr

  • 0.51 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,868. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 244 Belmont Ave

What is the listing price of this property?

The listing price of 244 Belmont Ave property is $840,000.

What type of property is this?

The property 244 Belmont Ave is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Accepting Backup Offers: 244 Belmont Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 244 Belmont Ave has 10 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 244 Belmont Ave is 3,846 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 244 Belmont Ave is 1890.

Rocket Homes›California›Los Angeles County›Los Angeles›90026›244 Belmont Ave

This home is located at 244 Belmont Ave in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 3,846 square foot home, which was built in 1890, sits on a 0.11 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $840,000.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

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

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