NOT LISTED FOR SALE

1004 E Rosecrans Ave East Rancho Dominguez, CA 90221

20 Beds
11 Baths
9,276 Sq Ft
9,718 Sq Ft Lot Lot

Sale Details

Date Sold: April 8, 2021

Last sale price $2,310,000 $249 Per Sq Ft

3 Days on Market

About This Home

As of April 2021

Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare
opportunity to acquire an income property in a strong rental market in the path or redevelopment. With rents close to 20%
below market value, an investor looking to add value could dramatically improve their cash flow by bumping rents up to
market rate and charging for additional parking thus making this acquisition a valuable addition to any investor’s portfolio.

Last Agent to Sell the Property

Justin White

Justin White License #01267826 Listed on: 01/29/2021

Last Buyer's Agent

Jaime Rodriguez

Big Blue House Real Estate License #01210390

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,718 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 9,276 Sq Ft Home
  • Gas Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 11 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 6468

Community Details

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,247
  • Maintenance Expense $6,996
  • Other Expense $11,196
  • Professional Management Expense $7,728
  • New Taxes Expense $35,675
  • Operating Expense $66,992
  • Gross Income $193,264
  • Net Operating Income $120,475

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

9,718 Sq Ft Lot

Parking

10

Listing Details

  • Ad Number: 5623883434
  • CapRate: 5.24
  • Professional Management Expense: 7728.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Gas
  • Price Per Square Foot: 249.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9718.00
  • Lot Size Acres: 0.2231

Multi Family

  • Gross Income: 193264.00
  • Gross Multiplier: 11.20
  • Gross Scheduled Income: 193264.00
  • Insurance Expense: 3247.00
  • Lot Size Area: 9718.0000 Square Feet
  • Maintenance Expense: 6996.00
  • Net Operating Income: 120475.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 66992.00
  • Other Expense: 11196.00
  • Other Expense Description: Utilitie
  • Rent Control: No
  • Total Actual Rent: 16105.00
  • Total Expenses: 66992.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 35675.00
  • Tax Lot: 2
  • Tax Tract Number: 6468
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2021 04/08/21 Sold $2,310,000 +0.4% $249 / Sq Ft
01/29/2021 01/29/21 For Sale $2,300,000 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21019728

California Regional Multiple Listing Service (CRMLS)
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