NOT LISTED FOR SALE

1114 W 18th St Los Angeles, CA 90015

Pico-Union Neighborhood
6 Beds
4 Baths
7,176 Sq Ft
8,946 Sq Ft Lot

Last Sold June 11, 2015

Last sale price $1,575,000 $219 Per Sq Ft

22 Days on Market

About This Home

As of June 2015

Located just a quarter mile from LA Live and the Staples Center—this property offers a buyer the opportunity to purchase an excellent condition property in a rapidly improving and revitalizing area. The subject property boasts an excellent unit mix, containing 1, 2 and 3-Bedroom units. There is on-site covered and open parking for residents, as well as laundry facilities and air conditioning for each unit. The property is professionallymanaged
and turn-key with substantial rental upside for a new buyer. It is located in a historic neighborhood near USC and Downtown Los Angeles that has one of the highest population densities of any neighborhood in Southern California.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 03/25/2015

Last Buyer's Agent

Glenn Brander

Miller & Desatnik Realty Co. License #01020228

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,946 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • 7,176 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Legal Lot and Block 9 / 1
  • Assessor Parcel Number 5135015016

Community Details

Overview

  • 10 Units

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,512
  • Maintenance Expense $7,445
  • Other Expense $500
  • Trash Expense $6,778
  • Water Sewer Expense $6,779
  • New Taxes Expense $18,098
  • Gross Income $10,340
  • Net Operating Income $77,646

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 5.50
  • Property Attached: Yes
  • Water Sewer Expenses: 6779.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5135015016
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 6778.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8946.00
  • Price Per Lot Square Foot: 176.06
  • Lot Size Acres: 0.2050

Multi Family

  • Gross Income: 10340.00
  • Gross Multiplier: 11.28
  • Gross Scheduled Income: 124080.00
  • Insurance Expense: 2512.00
  • Lot Size Area: 8946.0000 Square Feet
  • Maintenance Expense: 7445.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 77646.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 42712.00
  • Operating Expense Percent: 34.40
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Rent Control: Yes
  • Total Actual Rent: 10240.00
  • Vacancy Allowance: 3722
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18098.00
  • Tax Block: 1
  • Tax Lot: 9

Range of Values:

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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
06/11/2015 06/11/15 Sold $1,575,000 +12.5% $219 / Sq Ft
04/16/2015 04/16/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $1,400,000 -- $195 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2015

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    20 Total Sales

    Section Image
  • Glenn Brander

    Buyer's Agent in 2015

    Glenn Brander

    Miller & Desatnik Realty Co.

    (310) 202-9166

    30 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15062322

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90015 Pico-Union

1114 W 18th St, Los Angeles, CA

This home is located at 1114 W 18th St, Los Angeles, CA 90015 since 25 March 2015. This property was built in 1965. 1114 W 18th St is a home located in Los Angeles County with nearby schools including Norwood Street Elementary School, John Adams Middle School, and West Adams Preparatory 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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