NOT LISTED FOR SALE

1102 W 97th St Los Angeles, CA 90044

15 Beds
8 Baths
5,307 Sq Ft
6,502 Sq Ft Lot

Sale Details

Date Sold: April 30, 2015

Last sale price $645,000 $122 Per Sq Ft

83 Days on Market

About This Home

As of April 2015

PRICE REDUCED!!!

Only $124 per square foot. 6.25% cap rate. 10 x gross.

4 spacious units in Westmont which is "County" (i.e., not "City") portion of Los Angeles thus not subject to rent control.

Unit mix consists of two oversized 5 bedroom 2 bath units, one 3 bedroom 1 bath unit and one 2 bedroom 1 bath unit.

Units are separately metered for gas & electricity. Onsite covered parking for tenants.

Title profiles reflect the subject property as 6 units. Per seller some units were combined within the past 8 years. Permit report reflects the work to reduce building from 6 units to 4 units was done with permit and finalized. Buyer to verify.

Last Agent to Sell the Property

Daron Case

Re/Max Commercial & Investment License #01702754 Listed on: 10/14/2014

Last Buyer's Agent

Daron Case

Re/Max Commercial & Investment License #01702754 Listed on: 10/14/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,502 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Parking Spaces

Home Design

  • 5,307 Sq Ft Home

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 59
  • Assessor Parcel Number 6056015035

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $693
  • Insurance Expense $1,278
  • Trash Expense $1,062
  • Water Sewer Expense $2,103
  • New Taxes Expense $8,052
  • Gross Income $5,430
  • Net Operating Income $41,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

6,502 Sq Ft Lot

Listing Details

  • CapRate: 6.25
  • Property Attached: No
  • Water Sewer Expenses: 2103.00
  • Property Type: Residential Income
  • Parcel Number: 6056015035
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 121.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1062.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 693.00
  • Gross Income: 5430.00
  • Gross Multiplier: 10.08
  • Gross Scheduled Income: 65460.00
  • Insurance Expense: 1278.00
  • Lot Size Area: 6502.0000 Square Feet
  • Net Operating Income: 41280.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20907.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8052.00
  • Tax Lot: 59
  • Tax Tract Number: 4O82
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/30/2015 04/30/15 Sold $645,000 -7.2% $122 / Sq Ft
01/05/2015 01/05/15 Pending -- -- --
10/14/2014 10/14/14 For Sale $695,000 -- $131 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,270 $775,185 $414,634 $360,551
2024 $12,367 $759,986 $406,504 $353,482
2023 $12,027 $745,085 $398,534 $346,551
2022 $11,551 $730,476 $390,720 $339,756
2021 $11,441 $716,154 $383,059 $333,095
2019 $11,140 $694,915 $371,699 $323,216
2018 $10,970 $681,290 $364,411 $316,879
2016 $10,482 $654,836 $350,261 $304,575
2015 $8,247 $466,124 $370,537 $95,587
2014 -- $456,994 $363,279 $93,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14221437

California Regional Multiple Listing Service (CRMLS)
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