NOT LISTED FOR SALE
12 Beds
6 Baths
4,634 Sq Ft
6,205 Sq Ft Lot

Last Sold October 25, 2019

Last sale price $1,060,000 $229 Per Sq Ft

57 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Front Yard
  • No HOA

About This Home

As of October 2019

Six-unit property: each unit has spacious 2 bedroom/1 bath. All units are on separate electric and gas meters. All Units have Laminated wood Flooring, recently the whole exterior building has been painted. Water Heater & (Laundry hook up) in community. Property has security cameras 24/7
Within 3 miles from USC & Exposition Park, close to Fwy 110 & 10
*Please note that the property is under City of LA Rent Control. DRIVE BY ONLY. Please do not disturb occupants.

Last Agent to Sell the Property

May Lau

Pinnacle Real Estate Group License #01905016 Listed on: 07/28/2019

Pinnacle Real Estate Group

Last Buyer's Agent

REY CAMARENA

COLDWELL BANKER REALTY License #01381354

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,205 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Front Yard
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 4,634 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Tax Lot 6
  • Tax Tract Number 2282
  • Assessor Parcel Number 5115025006

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Fuel Expense $2,800
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Trash Expense $3,000
  • Water Sewer Expense $9,000
  • New Taxes Expense $11,000
  • Operating Expense $29,400
  • Gross Income $79,200
  • Net Operating Income $51,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9000.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5115025006
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 228.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Corner Lot, Front Yard
  • Lot Size Sq Ft: 6205.00
  • Lot Size Acres: 0.1424
  • Latitude Manual: 34.00851600

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 2800.00
  • Gross Income: 79200.00
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6205.0000 Square Feet
  • Net Operating Income: 51200.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 28000.00
  • Rent Control: Yes
  • Total Actual Rent: 6600.00
  • Total Expenses: 29400.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 2282.10
  • Tax Lot: 6
  • Tax Tract Number: 2282

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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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
10/25/2019 10/25/19 Sold $1,060,000 -2.6% $229 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
07/28/2019 07/28/19 For Sale $1,088,800 -- $235 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $14,673 $1,159,261 $656,186 $503,075
2024 $14,673 $1,136,531 $643,320 $493,211
2023 $14,402 $1,114,247 $630,706 $483,541
2022 $13,761 $1,092,400 $618,340 $474,060
2021 $13,580 $1,070,981 $606,216 $464,765
2019 $9,675 $738,813 $352,090 $386,723
2018 $9,537 $724,328 $345,187 $379,141
2016 $9,052 $696,203 $331,784 $364,419
2015 $8,929 $685,747 $326,801 $358,946
2014 $8,992 $672,315 $320,400 $351,915
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19179423

California Regional Multiple Listing Service (CRMLS)