$1,499,000
$200K PRICE DROP

Estimated payment $9,008/month

Total Views 72,914
12 Beds
7 Baths
4,760 Sq Ft
$315 Price per Sq Ft

Highlights

  • Gated Parking
  • No HOA
  • Paved or Partially Paved Lot
  • Property is near public transit
  • Laundry Room

About This Home

Don’t Miss Out on This Exceptional Multifamily Property in South LA’s Booming Real Estate Market!
Discover an incredible chance to invest in one of LA’s most sought-after and fast-growing neighborhoods! This prime multifamily property is ideally located near major freeways, offering quick access to both Downtown LA and Inglewood's top attractions. The lot presents excellent potential for expansion, making it a versatile investment for future growth.
The property features two units—one fully occupied, providing steady income, and the other recently built just 5 years ago, currently owner-occupied. This low-maintenance building is a rare find in a high-demand area, with plenty of upside for rental income. Act now and secure your place in this rapidly appreciating market!

Listing Agent

Elvia Alvarez

Albert Ponce, Broker Brokerage Phone: 909-915-5306 License #01799472 Listed on: 10/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,742

Year Built

  • Built in 1926

Lot Details

  • 7,368 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Home Design

  • Duplex

Interior Spaces

  • 4,760 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 6 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Gated Parking

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 4686
  • Assessor Parcel Number 6060018003
  • $1,319 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,800
  • Water Sewer Expense $380
  • New Taxes Expense $8,424
  • Operating Expense $14,784
  • Gross Income $163,200
  • Net Operating Income $148,416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,742

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 8.74
  • Price Per Unit: 749500
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 380.00
  • Zoning: LCR320U*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6060018003
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground Level W/steps
  • Common Walls: No Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 314.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Paved
  • Lot Size Sq Ft: 7368.00
  • Lot Size Acres: 0.1691

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Operating Income: 163200.00
  • Gross Scheduled Income: 163200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 7368.0000 Square Feet
  • Net Operating Income: 148416.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 14784.00
  • Rent Control: No
  • Total Expenses: 14784.00

Tax Info

  • New Taxes Expense: 8424.00
  • Tax Census Tract: 6002.02
  • Tax Lot: 3
  • Tax Tract Number: 4686
  • TaxOtherAnnualAssessmentAmount: 1319.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,742 $623,040 $150,720 $472,320
2024 $8,742 $610,824 $147,765 $463,059
2023 $8,433 $598,848 $144,868 $453,980
2022 $8,056 $587,107 $142,028 $445,079
2021 $7,949 $575,596 $139,244 $436,352
2020 $8,005 $569,695 $137,817 $431,878
2019 $157 $545,146 $135,115 $410,031
2018 $3,360 $187,659 $132,466 $55,193
2016 $2,794 $180,373 $127,323 $53,050
2015 $2,753 $177,665 $125,411 $52,254
2014 $2,729 $174,186 $122,955 $51,231
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Price Changed $1,499,000 -6.3% $315 / Sq Ft
03/11/2025 03/11/25 Price Changed $1,599,000 -3.0% $336 / Sq Ft
02/10/2025 02/10/25 Price Changed $1,649,000 -2.4% $346 / Sq Ft
02/05/2025 02/05/25 Price Changed $1,689,000 -0.6% $355 / Sq Ft
10/09/2024 10/09/24 For Sale $1,699,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Pacific Coast Title Company
Interfamily Deed Transfer -- Ticor Title Co
Grant Deed $170,000 Lsi Title Agency Inc
Trustee Deed $420,000 Fidelity Natl Title Ins Co
Grant Deed $520,000 Fatcola
Interfamily Deed Transfer -- First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Closed $787,000 New Conventional
Closed $225,000 Unknown
Closed $410,052 FHA
Closed $298,634 FHA
Closed $165,690 FHA
Previous Owner $416,000 Balloon
Previous Owner $237,250 Unknown
Previous Owner $150,000 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24208080

California Regional Multiple Listing Service (CRMLS)

APN: 6060-018-003