NOT LISTED FOR SALE

107 E 65th St Los Angeles, CA 90003

Florence Neighborhood
10 Beds
8 Baths
4,333 Sq Ft
7,147 Sq Ft Lot

Last Sold September 25, 2013

Last sale price $585,000 $135 Per Sq Ft

40 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • No HOA

About This Home

As of September 2013

Cash 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 Agent to Sell the Property

Dennis Dailey

Cal Mutual License #01484412 Listed on: 07/11/2013

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • CapRate: 10.62
  • Property Attached: No
  • Water Sewer Expenses: 3112.00
  • Property Type: Residential Income
  • Parcel Number: 6006015029
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 135.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2376.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Rectangular Lot, Corner Lot, Near Public Transit
  • Lot Size Sq Ft: 7147.00
  • Lot Size Acres: 0.1640

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 6441.00
  • Gross Multiplier: 7.74
  • Gross Scheduled Income: 77292.00
  • Insurance Expense: 3972.00
  • Lot Size Area: 7147.0000 Square Feet
  • Maintenance Expense: 3135.00
  • Net Operating Income: 63492.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Patio: 2
  • Operating Expense: 13800.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 60
  • Tax Tract Number: 60

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Dennis Dailey

    Cal Mutual

    (232) 821-8323

    41 Total Sales

    Dennis Dailey
    Section Image

  • P

    Buyer's Agent in 2013

    Paul Cruz

    eXp Realty of California Inc

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13135377

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90003 Florence

107 E 65th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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