D
Seller's Agent in 2013
Dennis Dailey
Cal Mutual
(232) 821-8323
40 Total Sales
107 E 65th St Los Angeles, CA 90003
Florence Neighborhood
10
Beds
8
Baths
4,333
Sq Ft
7,147
Sq Ft Lot
Highlights
- Property is near public transit
- Corner Lot
- No HOA
About This Home
As of September 2013Cash flow today with this excellent investment opportunity. This property has an Adjusted Gross Income of $77,929, Net Operating Income of $63,492, Low Operating Expenses of $13,800, a CAP Rate of 10.62% and Gross Rent Multiplier of 7.74.
There are two building on one lot, a two story multifamily building with an excellent unit mix. Including four 2+1's, and two 1+1's units located on 65Th Street. Plus an additional structure facing Main St. Presently this structure is divided into two studios each with a private patio. All Units fully occupied with long term tenants.
This property is located in the highly desirable Los Angeles area, near downtown. It is highly accessible to public transportation, near plenty of Public, Charter, and Private schools. Close to USC, The Staples Center and the beautiful beaches of Los Angeles area.
Last Buyer's Agent
Paul Cruz
eXp Realty of California Inc License #01806612
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 7,147 Sq Ft Lot
- No Common Walls
- Corner Lot
- Rectangular Lot
Parking
- 12 Parking Spaces
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,333 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Outdoor Features
- Exterior Lighting
Location
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 60
- Tax Tract Number 60
- Assessor Parcel Number 6006015029
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Building Details
- Rent Control
- 9 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Insurance Expense $3,972
- Maintenance Expense $3,135
- Trash Expense $2,376
- Water Sewer Expense $3,112
- Gross Income $6,441
- Net Operating Income $63,492
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2013 09/25/13 | Sold | $585,000 | -2.2% | $135 / Sq Ft |
| 08/20/2013 08/20/13 | Pending | -- | -- | -- |
| 07/11/2013 07/11/13 | For Sale | $598,000 | -- | $138 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $9,588 | $717,120 | $367,754 | $349,366 |
| 2024 | $9,588 | $703,060 | $360,544 | $342,516 |
| 2023 | $9,421 | $689,275 | $353,475 | $335,800 |
| 2022 | $9,021 | $675,761 | $346,545 | $329,216 |
| 2021 | $8,898 | $662,511 | $339,750 | $322,761 |
| 2020 | $8,976 | $655,719 | $336,267 | $319,452 |
| 2019 | $8,656 | $642,863 | $329,674 | $313,189 |
| 2018 | $8,521 | $630,259 | $323,210 | $307,049 |
| 2016 | $8,088 | $605,787 | $310,660 | $295,127 |
| 2015 | $7,981 | $596,688 | $305,994 | $290,694 |
| 2014 | $8,049 | $585,000 | $300,000 | $285,000 |
Source: Public Records
Agents Affiliated with this Home
-
Dennis Dailey
-
P
Buyer's Agent in 2013
Paul Cruz
eXp Realty of California Inc
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR13135377
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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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