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5111 Ascot Ave, Los Angeles, CA 90011

Sale Price: $880,000
May 21, 20242,745 sqft5 beds6 baths
Listed by: Casey Lins
License #: 01902650
Phone #: 714-333-6768
Kidder Mathews of California, Inc.
Source:
CRMLS Logo
MLS #: 24394893

Property Description

BUNGALOWS on Ascot! We are pleased to present a 6-Unit bungalow community located at 5111 Ascot Ave. With 6 separate bungalow structures on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The building currently operates at a 9.96 GRM on current rents, with rental upside potential to a 6.46 GRM and a 10.85% CAP on pro-forma rents. The units consist of 2 studio bungalows (one of which is a brand new ADU!), 3 one-bedroom bungalows, and 1 two-bedroom bungalow. Delivered with 1 unit VACANT, it will allow the new owner to set a market rent for a very in-demand bungalow product.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$13,449

TurboHome Estimated Value

$948,300

$345 sqft

High Valuation
$995,715
$363/sqft
Normal Valuation
$948,300
$345/sqft
Low Valuation
$900,885
$328/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$345/sqft$948,300

Neighborhood: Southeast Los Angeles

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Comparative Value

$675K

$725K

$825K

$880K

$900K

$1.00M

151 W 52nd St, Los Angeles, CA 90037

Sale Price: $675,000

Selected Comparable

11813 S Main St, Los Angeles, CA 90061

Sale Price: $725,000

Selected Comparable

914 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Sale Price: $825,000

Selected Comparable

5111 Ascot Ave, Los Angeles, CA 90011

Sale Price: $880,000

Selected Comparable

148 W 97th St, Los Angeles, CA 90003

Sale Price: $900,000

Selected Comparable

5111 Ascot Ave, Los Angeles, CA 90011

List Price: $1,000,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
5111 Ascot Ave, Los Angeles, CA 90011

5111 Ascot Ave, Los Angeles, CA 90011

List: $1,000,000

Listed: 5/21/2024

Area:2,745 sqft
Price/sqft:$364
Beds:5
Baths:6
Year Built:
Lot Size:7,503

Comparable Properties

COMPARABLE
Choose comps
5111 Ascot Ave, Los Angeles, CA 90011

5111 Ascot Ave, Los Angeles, CA 90011

Sale: $880,000

8/22/20240.00 mi

Area:2,745 sqft
Price/sqft:$321
Beds:5
Baths:6
Year Built:
Weight:28.2%
11813 S Main St, Los Angeles, CA 90061

11813 S Main St, Los Angeles, CA 90061

Sale: $725,000

2/28/20255.03 mi

Area:2,552 sqft
Price/sqft:$284
Beds:5
Baths:5
Year Built:
Weight:20.1%
151 W 52nd St, Los Angeles, CA 90037

151 W 52nd St, Los Angeles, CA 90037

Sale: $675,000

12/29/20241.45 mi

Area:2,722 sqft
Price/sqft:$248
Beds:6
Baths:5
Year Built:
Weight:17.4%
148 W 97th St, Los Angeles, CA 90003

148 W 97th St, Los Angeles, CA 90003

Sale: $900,000

7/15/20253.62 mi

Area:2,520 sqft
Price/sqft:$357
Beds:6
Baths:5
Year Built:
Weight:17.3%
914 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

914 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Sale: $825,000

10/17/20241.12 mi

Area:2,651 sqft
Price/sqft:$311
Beds:6
Baths:5
Year Built:
Weight:17.0%

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