$1,725,000
SOLD JAN 21, 2022
11 Beds
6 Baths
4,448 Sq Ft
6,004 Sq Ft Lot

Recently Sold

$388 Per Sq Ft

4% Below List Price

11 Days on Market

About This Home

As of January 2022

We are pleased to offer for sale a 5-unit apartment community located at 1162 Rolland CurtisPlace. The subject property offers residents a highly desirable locationthat is walkable to the main campus of University of Southern Californiawhile also providing easy access to all of USC's landmarks, academicbuildings, and entertainment options. Students also benefit from beingapproximately three miles from L.A. Live, Staples Center and numerousother Downtown Los Angeles attractions and amenities.1162 Rolland Curtis Place is situated on a 6,004 square foot parcel andfeatures four two-bedroom units and one three-bedroom townhousestyle unit. Investors will have the opportunity to acquire a property withan ideal unit-mix that caters to USC students that are increasingly seekinghousing south of campus.Given the location and opportunity to increase rental income, 1162 RollandCurtis Place provides an investor with the opportunity to acquire a wellmaintainedbuilding with attractive in-place yield and additional rental upside.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 12/16/2021

Last Buyer's Agent

David Norman

Boardwalk Real Estate, Inc. License #01116835

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,004 Sq Ft Lot

Interior Spaces

  • 4,448 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Parking Spaces
  • Covered Parking

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5037-010-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4448
  • Lot Acreage: 0.1378
  • Probate: No
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 404.68

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 5

Lot Info

  • Assessed Improvement Percent: 44.62
  • Assessed Improvement Value: 194007
  • Assessed Land Percent: 55.38
  • Assessed Land Value: 240839
  • Total Assessed Value: 434846
  • Assessor Parcel Number: 5037-010-008
  • Lot Size Area: 6004

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.31
  • Number Of Units: 5
  • Total Annual Expense: 41408
  • Type Of Units: Residential
  • Vacancy Rate: 1 Unit

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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
01/21/2022 01/21/22 Sold $1,725,000 -4.2% $388 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
12/16/2021 12/16/21 For Sale $1,800,000 -- $405 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-112531

The MLS