4 months on rocket

Backup Offers

5838 Allston St, Los Angeles, CA, 90022

$925,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Full Baths
3,032 SqFt
$305/SqFt
Multi

Location

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5838 Allston St, Los Angeles$925,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Garage4 spaces
Year Built1955
CoolingCentral Air
FireplaceNone
ViewNeighborhood
MLS #WS24164213
Lot Size0.13 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 5838 Allston St

One VACANT Unit--We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last!

Property Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 2
  • Living Area: 3,032 SqFt

Listing Office:

  • Office Name: PARTNER Real Estate
  • Office Phone: (626) 474-3288
  • Listing Agent: EDWARD KOSASIH

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: cross street: E Olympic Blvd/Simmons Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $925,000
  • Price Per SqFt: $305/SqFt

Tax Information:

  • Annual Amount: $3,027
  • 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

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

5838 Allston St vs Los Angeles

131 DAYS ON ROCKET

+93 Days

$925,000

-$96.5K Less

$305/SqFt

-$335 Less

KEY TAKEAWAY

This property is $96.5K less than the Median Sold Price and $335/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: #WS24164213

Listing Office:

  • Office Name: PARTNER Real Estate
  • Office Phone: (626) 474-3288
  • Listing Agent: EDWARD KOSASIH

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, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,027$90,766
2020$2,965$89,836
2019$2,910$88,076
2018$2,871$86,350
2017$2,871$84,658

History based on county public records data.

Payment Calculator

$4,684

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,840

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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-4435408
4
/10

  • Joseph A. Gascon Elementary

  • 630 Leonard Ave

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-4435409
4
/10

  • Montebello Park Elementary

  • 6300 Northside Dr

  • 0.54 miles

  • Public District Grades KG-5

school-card-donut-4435410
8
/10

  • Kipp Raices Academy

  • 668 S Atlantic Blvd

  • 0.88 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,833. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90022›5838 Allston St

This home is located at 5838 Allston St in Los Angeles, CA and zip code 90022 in the The Eastside neighborhood. This 3,032 square foot home, which was built in 1955, sits on a 0.13 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 09, 2024 and is currently priced at $925,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

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

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