NOT LISTED FOR SALE

1023 W 107th St Los Angeles, CA 90044

Westmont Neighborhood
8 Beds
8 Baths
4,340 Sq Ft
9,204 Sq Ft Lot

Last Sold September 09, 2015

Last sale price $780,000 $180 Per Sq Ft

252 Days on Market

Highlights

  • No HOA
  • Bungalow
  • South Facing Home
  • Laundry Room
  • Wrought Iron Fence
  • Level Lot

About This Home

As of September 2015

PRICE REDUCED!!!, 8 UNITS IN THE WESTMONT AREA OF LOS ANGELES COUNTY, NO RENT CONTROL. THE PROPERTY IS SITUATED ON AN OVERSIZE 9,204 S.F. LOT WITH 4/ONE STORY STRUCTURES, TWO UNITS PER STRUCTURE CONSISTING OF 8-1 BEDROOM/1BATHROOM APARTMENTS WITH W/D HOOKUPS AND A SERVICE PORCH WITH BUILT-INS. THE PROPERTY HAS 4 ATTACHED-1 CAR GARAGES FOR PRIVATE PARKING AND ADDITIONAL INCOME. ALL UNITS SEPARATELY METERED FOR GAS AND ELECTRICITY WITH INDIVIDUAL HOT WATER HEATERS IN EACH UNIT KEEPING OWNER EXPENSES LOW. THE PROPERTY IS FULLY OCCUPIED WITH THREE UNITS CONSISTING OF SECTION 8 TENANTS. EXCELLENT REPLACEMENT PROPERTY FOR 1031 EXCHANGE. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS. BROKERS AND PRINCIPALS WHO IGNORE THIS REQUEST WILL NOT RECEIVE ANY CONSIDERATION.

Last Agent to Sell the Property

TROY PETERS

The Troy Group License #01003435 Listed on: 09/16/2014

Last Buyer's Agent

TROY PETERS

The Troy Group License #01003435 Listed on: 09/16/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 9,204 Sq Ft Lot
  • Lot Dimensions are 50 x 184
  • 1 Common Wall
  • South Facing Home
  • Wrought Iron Fence
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 4,340 Sq Ft Home
  • 1-Story Property
  • Window Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 012
  • Tax Tract Number 6003
  • Assessor Parcel Number 6060016012

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Maintenance Expense $500
  • Water Sewer Expense $1,200
  • New Taxes Expense $11,000
  • Gross Income $6,495
  • Net Operating Income $61,102

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 7.00
  • Price Per Unit: 98750
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R3
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 6060016012
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 179.72
  • Window Features: Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Block
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Level
  • Lot Size: 50 X 184
  • Lot Size Sq Ft: 9204.00
  • Price Per Lot Square Foot: 84.75
  • Lot Size Acres: 0.2110

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 543
  • Gross Income: 6495.00
  • Gross Scheduled Income: 77940.00
  • Lot Size Area: 9204.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 61102.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 14499.00
  • Operating Expense Percent: 20.00
  • Rent Control: No
  • Total Actual Rent: 6495.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Lot: 012
  • Tax Tract Number: 6003
  • Tax Year: 2013

Range of Values:

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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 Change Sq Ft Price
09/09/2015 09/09/15 Sold $780,000 -12.3% $180 / Sq Ft
05/26/2015 05/26/15 Pending -- -- --
09/16/2014 09/16/14 For Sale $889,000 -- $205 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    TROY PETERS

    The Troy Group

    (310) 877-8484

    TROY PETERS
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN14202797

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90044 Westmont

1023 W 107th St, Los Angeles, CA

This home is located at 1023 W 107th St, Los Angeles, CA 90044 since 16 September 2014. This property was built in 1940. 1023 W 107th St is a home located in Los Angeles County with nearby schools including Woodcrest Elementary School, George Washington Preparatory High School, and Ascension Elementary Catholic.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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