2523 Lyric Avenue

Los Angeles, CA 90027

$1,880,000
Price
6
Beds
4
Baths
2,870 Sq. Ft.
$655 / Sq. Ft.
2,870
Sq. Ft.
$655
per Sq. Ft.

Description

Location, Location, Location! Convenient to shopping, school, transportation, healthcare and lots of food places. Easy for renting, as it is located in the highly desirable Franklin Hills area and adjacent to the John Marshall High School. This The property features two (2) units plus added value of (1) large space in the back. Parking: garages and street parking. Each unit has its own laundry area + hookups for safety and convenience. Downstairs unit has open floor plan with living room, dining...Location, Location, Location! Convenient to shopping, school, transportation, healthcare and lots of food places. Easy for renting, as it is located in the highly desirable Franklin Hills area and adjacent to the John Marshall High School. This The property features two (2) units plus added value of (1) large space in the back. Parking: garages and street parking. Each unit has its own laundry area + hookups for safety and convenience. Downstairs unit has open floor plan with living room, dining room w/garden view, gated outdoor garden and deck/patio area. Upstairs unit has 3 bedrooms, extra den, large kitchen, dining room and great tree top views. Extra free-standing cottage style space with shared outdoor covered patio area and yard. This property offers much privacy with lush landscape in front and security gate. Bring your buyers to explore this opportunity for investment.
  1. Listed by Ching Sze Louie • DRE #00938644 • Brokerage DRE #01523833 • Louie Properties, Inc. • 626-278-7388

Property Details for 2523 Lyric Avenue

Parking Spaces Total
5
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2870
Assessor Parcel Number
5433-007-005
Property Attached YN
true
LISTING UPDATED: 09/18/2024 02:02 AM

Property Details for 2523 Lyric Avenue

StatusActive
MLS #AR24186416
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.15 AC / 6,516 SF
CountyLos Angeles County

Building Information for 2523 Lyric Avenue

Stories2Residences-Year Built1938Building Size-Lot Size0.15 AC / 6,516 SF

Property Information for 2523 Lyric Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $90,470
  • Gross Scheduled Income: $90,470
  • Vacancy Allowance: 0
  • Gross Operating Income: $90,470
  • Net Operating Income: $45,534
Expense Details
  • Operating Expense: $44,935
  • Fuel Expense: $0
  • Licenses Expense: $213
  • Pest Control Expense: $1,950
  • Electric Expense: $2,255
  • Insurance Expense: $1,783
  • Professional Management Expense: $5,196
  • Trash Expense: $0
  • Water Sewer Expense: $2,255
  • Total Expenses: $44,935
Tax / Assessment Info
  • Tax Block: 23
  • Tax Tract Number: 5433
  • Tax Census Tract: 1952.02
  • CFD/Mello-Roos Fee: $334
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Wood
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Carport
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $650
  • Unit Type Total Rent: $650
  • Unit Type Pro Forma: 650
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 2523 Lyric 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 2523 Lyric Avenue

Taxable ValueLand$307,387Additions$207,482Total$514,869
Tax Record2024$6,511 ($543 / month)
Home Facts
Total Finished SqFt2,870 SqFtAbove Grade Finished SqFt2,870 SqFtLot Size6,515 SqFtStyleDuplexYear Built1938ZoningLAR1CountyLOS ANGELESAPN5433-007-005

Schools near 2523 Lyric Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Franklin Avenue Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

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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2523 Lyric Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on September 7, 2024 by Louie Properties, Inc., it's currently listed at $1,880,000. It has been on the market for a total of 65 days and was last sold on June 28, 1999. This listing's school district is Los Angeles Unified School District. Nearby schools include Franklin Avenue Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 2523 Lyric Avenue is a 6-bed, 4-bath, 2,870 sqft multi-family home built in 1938.

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 Louie Properties, Inc., Ching Sze Louie, DRE #00938644

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.