NOT LISTED FOR SALE

1029 E 45th St Los Angeles, CA 90011

South Park Neighborhood
12 Beds
7 Baths
5,372 Sq Ft
7,604 Sq Ft Lot

Last Sold May 03, 2016

Last sale price $855,000 $159 Per Sq Ft

135 Days on Market

About This Home

As of May 2016

Situated in the heart of the Central Ave Jazz Corridor. Features a total of 7 units with six 2 beds/1bath and 1 single/1bath with kitchenette. It is a desirable property investment with income growth potential.This easy to maintain building is located 1 block from the intersection of Central and Vernon Ave where the popular weekly Central Ave Farmers Market is held. All units have wrought iron security doors. New exterior paint and , wrought iron fence around complex with sliding gate for access to parking lot. Each unit is individually metered for gas and electricity and tenant pays for trash. Conveniently close to restaurants, shops, schools, transportation. It is directly across from the Sally Ride Elementary SMART Academy and Vernon Branch Public Library.
Easy access 110 freeway and just miles to Downtown Los Angeles, USC and the CA Science Center. Do not disturb tenants. Drive by only. Subject to inspection

Last Agent to Sell the Property

Paul Luc

Resource Real Estate Services License #01969367 Listed on: 12/16/2015

Last Buyer's Agent

Orlando Cruz

Brightstone Estate Properties License #01051110

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,604 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Parking Spaces

Home Design

  • 5,372 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 14
  • Tax Tract Number 2286
  • Assessor Parcel Number 5108028013

Community Details

Overview

  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $470
  • Insurance Expense $2,193
  • Water Sewer Expense $2,724
  • New Taxes Expense $7,820
  • Gross Income $6,375
  • Net Operating Income $55,473

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Other Phone Description: 323-229-0398
  • Property Attached: Yes
  • Water Sewer Expenses: 2724.00
  • Property Type: Residential Income
  • Parcel Number: 5108028013
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 159.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7604.00
  • Price Per Lot Square Foot: 112.44
  • Lot Size Acres: 0.1750

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 470.00
  • Gross Income: 6375.00
  • Gross Scheduled Income: 76500.00
  • Insurance Expense: 2193.00
  • Lot Size Area: 7604.0000 Square Feet
  • Net Operating Income: 55473.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 21027.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 7820.00
  • Tax Lot: 14
  • Tax Tract Number: 2286

Range of Values:

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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 Change Sq Ft Price
05/03/2016 05/03/16 Sold $855,000 +14.0% $159 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
12/16/2015 12/16/15 For Sale $750,000 -- $140 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Paul Luc

    Resource Real Estate Services

    (626) 248-1090

    3 Total Sales

    Paul Luc
    Section Image
  • Orlando Cruz

    Buyer's Agent in 2016

    Orlando Cruz

    Brightstone Estate Properties

    (818) 430-4210

    55 Total Sales

    Orlando Cruz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15263244

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90011 South Park

1029 E 45th St, Los Angeles, CA

This home is located at 1029 E 45th St, Los Angeles, CA 90011 since 16 December 2015. This property was built in 1960. 1029 E 45th St is a home located in Los Angeles County with nearby schools including Sally Ride Elementary: A Smart Academy, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

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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