Sold for $400,000

Listed by: Keller Williams Realty • Brian Parsons • Contact: 626-204-3390

Bought with: Keller Williams Realty

$400,000

1156 S Alma Ave, Los Angeles, CA 90023

2beds

3baths

1,224sqft

Multi Family

Built in 1921

-- sqft lot

$399,400 Zestimate^®

$327/sqft

$3,260 Estimated rent

Home value

$399,400

$363,000 - $439,000

$3,260/mo

Zestimate^® history

Owner options

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$3,260/mo

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$2,549/mo

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$2,549/mo

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What's special

Welcome to 1156 S Alma, a legally zoned duplex with bonus income from a rented garage space. This centrally located South LA property is perfect for investors seeking stable cash flow from day one. The front unit is currently rented at $1,075/month, the rear unit at $650/month, and the detached garage brings in an additional $450/month - totaling $2,175 in monthly income. Each unit has its own charm and is fully occupied, offering strong rental upside. Located near major freeways, public transit, and within close proximity to USC, DTLA, and the Coliseum, this is a smart addition to any portfolio. Drive-by only - do not disturb tenants

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3

Heating

None

Cooling

None

Appliances

Laundry: None

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 1,224
Total interior livable area: 1,224 sqft

Property

Parking

Total spaces: 4
Parking features: Driveway

Features

Levels: One
Stories: 1
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 5,136 Square Feet
Features: Sprinklers None

Details

Parcel number: 5242007004
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1921

Community & HOA

Community

Features: Urban
Subdivision: Not Applicable

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $327/sqft
Tax assessed value: $638,520
Annual tax amount: $8,903
Date on market: 6/23/2025
Cumulative days on market: 33 days
Listing terms: Cash
Tenant pays: Cable TV, Electricity, Gas

Price history

Date	Event	Price
9/15/2025	Sold	$400,000+0.3%$327/sqft
Source: CRMLS #P1-22903 Report a problem
9/3/2025	Contingent	$399,000$326/sqft
Source: CRMLS #P1-22903 Report a problem
8/21/2025	Listed for sale	$399,000$326/sqft
Source: CRMLS #P1-22903 Report a problem
7/14/2025	Pending sale	$399,000$326/sqft
Source: CRMLS #P1-22903 Report a problem
6/24/2025	Listed for sale	$399,000$326/sqft
Source: CRMLS #P1-22903 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,903 +402.6%	$638,520 +1465.5%
2024	$1,771 +11.9%	$40,788 +2%
2023	$1,583 +2.4%	$39,989 +2%
2022	$1,546 +1.4%	$39,206 +2%
2021	$1,525 +0%	$38,438 +1%
2020	$1,524	$38,044 +2%
2019	$1,524 +9.5%	$37,299 +2%
2018	$1,392	$36,569 +2%
2017	$1,392 +1.4%	$35,853 +2%
2016	$1,372 +2.6%	$35,151 +1.5%
2015	$1,337 +0.4%	$34,624 +2%
2014	$1,332	$33,946 +4.5%
2011	--	$32,484 +0.7%
2010	--	$32,243 -0.2%
2009	--	$32,321 +2%
2008	--	$31,688 +4%
2006	--	$30,459
2005	--	$30,459 +4%
2004	--	$29,278 +3.9%
2002	--	$28,180 +4%
2000	--	$27,088