NOT LISTED FOR SALE

1017 W 25th St Los Angeles, CA 90007

University Park Neighborhood
8 Beds
8 Baths
4,412 Sq Ft
7,072 Sq Ft Lot

Last Sold October 20, 2020

Last sale price $1,365,000 $309 Per Sq Ft

55 Days on Market

Highlights

  • Wood Flooring
  • Air Conditioning
  • 1-minute walk to Hoover Recreation Center

About This Home

As of October 2020

This property is a multi family building that is located in the historic West Adams neighborhood near USC. Originally constructed in 1903, this property features 8 apartment units including 1-two bedroom / two bathroom, 2-one bedroom / one bathroom and 5 studios, all within 4,412 rentable square feet. There are six full size parking spaces with the potential to park two subcompact cars.The property is walking distance to Ralphs Grocery and approximately a mile away from USC. The West Adams area is experiencing revitalization with young professionals, many great restaurants and amenities, and new businesses moving into the area. Many historic homes in the area are being renovated and restored to their previous elegance. The property has long term tenants paying under market rent. This property will appeal to investors looking for a value-add opportunity with upside in rents in a neighborhood experiencing tremendous growth.

Last Agent to Sell the Property

Laura Alice Scaturro

Eve Capital License #01942167 Listed on: 07/08/2020

Last Buyer's Agent

Laura Alice Scaturro

Eve Capital License #01942167 Listed on: 07/08/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 7,072 Sq Ft Lot

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 4,412 Sq Ft Home
  • 2-Story Property
  • Gas Oven

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 5124-008-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Entry Floor: 2
  • Living Area: 4412
  • Lot Acreage: 0.1623
  • Probate: No
  • Stories: 2
  • Year Built: 1903
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Carpet
  • Appliances: Oven-Gas
  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 334.32

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 17.72
  • Assessed Improvement Value: 85748
  • Assessed Land Percent: 82.28
  • Assessed Land Value: 398141
  • Total Assessed Value: 483889
  • Assessor Parcel Number: 5124-008-007
  • Lot Size Area: 7072

Rental Info

  • Garage Rental Rate: 300
  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.72
  • Number Of Units: 8
  • Total Annual Expense: 48424
  • Type Of Units: 8
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3294

Range of Values:

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Average Value
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List Price
Sold Price
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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
10/20/2020 10/20/20 Sold $1,365,000 -7.5% $309 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/16/2020 08/16/20 Price Changed $1,475,000 -7.8% $334 / Sq Ft
07/08/2020 07/08/20 For Sale $1,600,000 -- $363 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Buyer Co-Listing Agent in 2020

    Steven Chang

See All Agents

Map

Source: The MLS

MLS Number: 20-606756

The MLS
California Los Angeles County Los Angeles 90007 University Park

1017 W 25th St, Los Angeles, CA

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