$1,275,000
$175K PRICE DROP

Estimated payment $7,718/month

Total Views 3,010
7 Beds
5 Baths
2,976 Sq Ft
$428 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Double Pane Windows
  • Spanish Architecture
  • Galley Kitchen
  • Walk-In Closet

About This Home

PRICE REDUCTION!! on this GREAT OPPURTUNITY!! to own a modern spanish duplex in the highly sought after Longwood Highlands, located in the Miracle Mile/Lower Hancock Park area of Los Angeles. Rebuilt in 2005, this corner lot duplex has a 3 bedroom, 2 bath home up front and a 4 bedroom, 3 bath home in the rear. Features include wood floors, granite counters in the kitchens, forced air heating in both units and air conditioning in front unit, a shared yard and lots of nice upgrades throughout. Rear unit has some deferred maintenance, and the two-car garage needs to be updated but overall a perfect property to build your portfolio or to live in one and rent the other to help pay the mortgage!

Listing Agent

Mitchell Graves

Century 21 Union Realty Brokerage Phone: 310-749-1435 License #01260315 Listed on: 10/15/2024

Century 21 Union Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,122

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 5,369 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Duplex
  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Spanish Tile Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,976 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room
  • Galley Kitchen
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 5 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 5070
  • Assessor Parcel Number 5084023001
  • $433 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $18,125
  • Operating Expense $22,325
  • Gross Income $99,000
  • Net Operating Income $76,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,122

Year Built

Built in 1924 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.20
  • Price Per Unit: 637500
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5084023001
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 428.43
  • Room Type: Galley Kitchen, Living Room, Walk-In Closet
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5369.00
  • Lot Size Acres: 0.1233

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 99000.00
  • Gross Multiplier: 14.64
  • Gross Operating Income: 22325.00
  • Gross Scheduled Income: 99000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5369.0000 Square Feet
  • Net Operating Income: 76675.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 22325.00
  • Rent Control: Yes
  • Total Expenses: 22325.00

Tax Info

  • New Taxes Expense: 18125.00
  • Tax Census Tract: 2161.00
  • Tax Lot: 9
  • Tax Tract Number: 5070
  • TaxOtherAnnualAssessmentAmount: 433.00

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 $8,122 $654,006 $398,092 $255,914
2024 $8,122 $641,184 $390,287 $250,897
2023 $7,973 $628,613 $382,635 $245,978
2022 $7,614 $616,288 $375,133 $241,155
2021 $7,506 $604,205 $367,778 $236,427
2019 $7,286 $586,285 $356,870 $229,415
2018 $7,192 $574,790 $349,873 $224,917
2016 $6,858 $552,472 $336,288 $216,184
2015 $6,760 $544,174 $331,237 $212,937
2014 $6,793 $533,515 $324,749 $208,766
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $1,275,000 -3.8% $428 / Sq Ft
06/06/2025 06/06/25 Price Changed $1,325,000 -3.6% $445 / Sq Ft
05/05/2025 05/05/25 Price Changed $1,375,000 0.0% $462 / Sq Ft
05/05/2025 05/05/25 For Sale $1,375,000 -5.2% $462 / Sq Ft
03/31/2025 03/31/25 Pending -- -- --
03/14/2025 03/14/25 For Sale $1,450,000 0.0% $487 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $1,450,000 0.0% $487 / Sq Ft
10/15/2024 10/15/24 For Sale $1,450,000 -- $487 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Grant Deed $460,000 Investors Title Company
Grant Deed $270,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $825,000 Unknown
Previous Owner $480,000 Unknown
Previous Owner $120,000 Stand Alone Second
Previous Owner $450,000 Purchase Money Mortgage
Previous Owner $255,500 Unknown
Previous Owner $232,000 Unknown
Previous Owner $256,500 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24214079

California Regional Multiple Listing Service (CRMLS)

APN: 5084-023-001