1503 Federal Avenue

Los Angeles, CA 90025

$1,949,995
Price
3
Beds
3
Baths
2,352 Sq. Ft.
$829 / Sq. Ft.
2,352
Sq. Ft.
$829
per Sq. Ft.

Description

Here's your opportunity to own a recently renovated 3 UNIT building that has consistent income production. Location, Location, Location! Conveniently located on the Westside close to everything you want or need. Centrally located between Santa Monica and Century City, offering the ultimate blend of modern living and convenience. Just minutes from the iconic Santa Monica Pier and beaches, this property is surrounded by top-tier restaurants, shopping, and excellent schools. With thoughtfully designed,...Here's your opportunity to own a recently renovated 3 UNIT building that has consistent income production. Location, Location, Location! Conveniently located on the Westside close to everything you want or need. Centrally located between Santa Monica and Century City, offering the ultimate blend of modern living and convenience. Just minutes from the iconic Santa Monica Pier and beaches, this property is surrounded by top-tier restaurants, shopping, and excellent schools. With thoughtfully designed, functional spaces and strong rental income potential, it’s perfect for professionals or families seeking the best of LA living. Don’t miss out on this rare opportunity in one of the city’s most sought-after neighborhoods! This property features (1) 2bed/1bath and (2) 1bed/1bath.
  1. Listed by Jonathan Calderon • DRE #01982607 • Brokerage DRE #02092426 • Pillar Realty • 562-243-3802

Property Details for 1503 Federal Avenue

View
City Lights, Landmark, Neighborhood
Parking Spaces Total
3
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2352

Open Houses

Saturday, Dec 21st

11:00 AM - 3:00 PM

Public

LISTING UPDATED: 12/20/2024 05:55 AM

Property Details for 1503 Federal Avenue

StatusActive
MLS #DW24209835
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.09 AC / 4,007 SF
CountyLos Angeles County

Building Information for 1503 Federal Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.09 AC / 4,007 SF

Property Information for 1503 Federal Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $132,000
  • Gross Scheduled Income: $132,000
  • Net Operating Income: $112,000
Expense Details
  • Operating Expense: $20,000
  • Fuel Expense: $1,000
  • Electric Expense: $1,000
  • Insurance Expense: $4,000
  • Trash Expense: $1,000
  • Water Sewer Expense: $1,000
  • Total Expenses: $8,000
Tax / Assessment Info
  • Tax Block: 61
  • Tax Tract Number: 1
  • Tax Census Tract: 2675.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 2
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Community Features: Biking, Curbs, Dog Park, Park, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood, Refrigerator
  • Equipment: Laundry Area, Refrigerator
  • Interior Features: Balcony, Recessed Lighting, Stone Counters
  • Room Type: Bonus Room, Main Floor Bedroom, Main Floor Primary Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Other
  • Heating: See Remarks
  • Heat Equipment: Other/Remarks
  • Flooring: Laminate
Exterior Features
  • Roof: Shingle
  • Entry Location: 1
  • Property Condition: Updated/Remodeled
  • View Description: City Lights, Landmark
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Close to Clubhouse, Front Yard, Park Nearby
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 3900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 5600
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 1503 Federal Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1503 Federal Avenue

Taxable ValueLand$123,810Additions$121,034Total$244,844
Tax Record2024$3,380 ($282 / month)
Home Facts
Total Finished SqFt2,352 SqFtAbove Grade Finished SqFt2,352 SqFtLot Size4,007 SqFtStyleTriplexYear Built1961ZoningLAR3CountyLOS ANGELESAPN4262-001-010

Schools near 1503 Federal Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Brockton Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1503 Federal Avenue is a multi-family home for sale in Los Angeles, CA 90025. This property was listed for sale on November 1, 2024 by Pillar Realty, it's currently listed at $1,949,995. It has been on the market for a total of 50 days and was last sold on February 18, 2024. This listing's school district is Los Angeles Unified School District. Nearby schools include Brockton Avenue Elementary School, Emerson Community Charter School and University Senior High School Charter. 1503 Federal Avenue is a 3-bed, 3-bath, 2,352 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pillar Realty, Jonathan Calderon, DRE #01982607

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.