NOT LISTED FOR SALE

11422 Iowa Ave Unit 12 Los Angeles, CA 90025

Sawtelle Neighborhood
11 Beds
13 Baths
7,646 Sq Ft
8,946 Sq Ft Lot

Last Sold September 27, 2019

Last sale price $3,225,000 $422 Per Sq Ft

193 Days on Market

About This Home

As of September 2019

Prime West Los Angeles location sits a 12 unit apartment complex that has been family owned for many years! 10 units are individually metered and property is priced to sell! Property is in close proximity to stores, restaurants, post office. Easy freeway access as well as bus access. 6-7 miles from Santa Monica beach.

Last Agent to Sell the Property

Denise Mitchell

Realty Executives SCV License #01365488 Listed on: 03/18/2019

Realty Executives SCV

Last Buyer's Agent

Denise Mitchell

Realty Executives SCV License #01365488 Listed on: 03/18/2019

Realty Executives SCV

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,946 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 7,646 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 13 Bathrooms

Parking

  • 10 Parking Spaces
  • 10 Attached Carport Spaces
  • Parking Available

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 2673
  • Assessor Parcel Number 4261016002

Community Details

Building Details

  • 12 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,730
  • Fuel Expense $1,540
  • Insurance Expense $3,090
  • Trash Expense $2,875
  • New Taxes Expense $22,032
  • Operating Expense $36,267
  • Gross Income $166,765
  • Net Operating Income $164,365

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4261016002
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 421.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2875.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8946.00
  • Lot Size Acres: 0.2054

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 6730.00
  • Fuel Expense: 1540.00
  • Gross Income: 166765.00
  • Gross Scheduled Income: 175812.00
  • Insurance Expense: 3090.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 8946.0000 Square Feet
  • Net Operating Income: 164365.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 11447.00
  • Rent Control: Yes
  • Total Actual Rent: 14651.00
  • Total Expenses: 36267.00

Tax Info

  • New Taxes Expense: 22032.00
  • Tax Census Tract: 2673.00
  • Tax Lot: 1
  • Tax Tract Number: 2673

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
09/27/2019 09/27/19 Sold $3,225,000 -19.4% $422 / Sq Ft
09/27/2019 09/27/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $3,999,000 -- $523 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Denise Mitchell

    Seller's Agent in 2019

    Denise Mitchell

    Realty Executives SCV

    (661) 313-6860

    40 Total Sales

    Denise Mitchell
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19050373

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90025 Sawtelle

11422 Iowa Ave Unit 12, Los Angeles, CA

This home is located at 11422 Iowa Ave Unit 12, Los Angeles, CA 90025 since 18 March 2019. This property was built in 1963. 11422 Iowa Ave Unit 12 is a home located in Los Angeles County with nearby schools including Nora Sterry Elementary School, Daniel Webster Middle School, and New West Charter 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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