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Image 1 - 5055 Institute Place, Los Angeles, CA 90029, USA - House for sale

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Image 3 - 5055 Institute Place, Los Angeles, CA 90029, USA - House for sale

Image 4 - 5055 Institute Place, Los Angeles, CA 90029, USA - House for sale

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Image 8 - 5055 Institute Place, Los Angeles, CA 90029, USA - House for sale

Home For Sale In Los Angeles, California

5055 Institute Place, Los Angeles, CA 90029, USA

Home For Sale In Los Angeles, California

house for sale

7 views

Listed: 03/07/24

5055 Institute Place, Los Angeles, CA 90029, USA

8 Bed:

8,080 Sq Ft Living Area:

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Price

$ 2,9M

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About This House

Multiful 8 unit apt ! Location !! Location !! Beautiful 1 bedroom, 1 bathroom, 8-unit apartment located in East Hollywood. Each home has hardwood floors, new/or newer painted rooms, high ceilings, new/or newer cabinets, bright natural light and separate kitchen. Sizes and conditions vary from unit to unit. Several units are equipped with window air conditioning, and several units have central air conditioning. Some units can create individual laundry room. Some units have an additional room that can be used as an office. Street parking is possible with a city permit. The apartment is conveniently located in Hollywood, 101 FWY,Griffith Park, Griffith Observatory, Universal Studio, LA Zoo, Hollywood, Downtown, Korea town, China town, Little Tokyo Japanese village, coin laundry, markets, convenience stores, car centers, offices, pharmacies, hospitals, and restaurants. Many artists live in this area. Must See!

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Los Angeles Housing & Living

Average sale prices for houses

1 bed

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
May 2024	$1,590,389 (+13.1%)
Apr 2024	$1,406,480 (0%)
Mar 2024	$1,406,480 (0%)
Feb 2024	$1,406,480 (0%)
Jan 2024	$1,406,480 (+0.2%)
Dec 2023	$1,403,284 (0%)

In May 2024, the asking price for 1 bed houses for sale in/near Los Angeles, United States averaged $1,590,389, an increase of 13.1% from the previous month.

Median price trends for properties for sale in Los Angeles, United States as of May 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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