$5,020,000
SOLD NOV 29, 2022

Los Angeles, CA 90044

Athens Neighborhood
36 Beds
36 Baths
15,980 Sq Ft
0.39 Acres

Recently Sold

$314 Per Sq Ft

8% Below List Price

96 Days on Market

Highlights

  • 0.39 Acre Lot
  • Double Pane Windows
  • Ceiling Fan
  • Courtyard Views
  • Laundry Room
  • West Facing Home

About This Home

As of November 2022

Built 1963, this garden style apartment complex has 15,980square feet of improvements on a 16,919 square foot lot.The building has a favorable unit mix of six (6) 1+1, twelve(13) 2+1.5 and two (2) 3+2.5 units. Tenants enjoy amplegated parking, secured entry, inviting center courtyard andon-site laundry. The property has undergone significantrenovations and is a truly turn-key asset with significantrental upside (38%+/-). Offered with assumable debt at anattractive 3.12% rate, which is well below current marketlevels.This property will appeal to any investor looking for aturn-key property in a solid rental area with a great assumableloan and tremendous rental upside.

Last Agent to Sell the Property

Richard Ringer

Richard J. Ringer Inc. License #01238308 Listed on: 07/15/2022

Last Buyer's Agent

Charles McMillan

Charles McMillan License #01155797

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 100x169
  • West Facing Home

Interior Spaces

  • 15,980 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Courtyard Views
  • Laundry Room

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 36 Bathrooms

Parking

  • 20 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Community Details

  • 20 Units

Listing and Financial Details

  • Assessor Parcel Number 6079-016-048

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Living Area: 15980
  • Lot Acreage: 0.3884
  • Lot Dimensions: 100x169
  • Probate: No
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 36
  • Laundry: Room
  • Total Bathrooms: 36.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 341.68
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 20

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Electric

Lot Info

  • Assessed Improvement Percent: 73.02
  • Assessed Improvement Value: 2466064
  • Assessed Land Percent: 26.98
  • Assessed Land Value: 911370
  • Total Assessed Value: 3377434
  • Assessor Parcel Number: 6079-016-048
  • Lot Size Area: 16919

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.13
  • Number Of Units: 20
  • Total Annual Expense: 154663
  • Type Of Units: Apartment
  • Vacancy Rate: 0

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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
11/29/2022 11/29/22 Sold $5,020,000 -8.1% $314 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $5,460,000 +73.3% $342 / Sq Ft
05/26/2017 05/26/17 Sold $3,150,000 -1.6% $197 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $3,200,000 -- $200 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard Ringer

    Seller's Agent in 2022

    Richard Ringer

    Richard J. Ringer Inc.

    (310) 666-3085

    1 in this area

    12 Total Sales

    Richard Ringer
    Section Image
  • Charles McMillan

    Buyer's Agent in 2022

    Charles McMillan

    Charles McMillan

    (310) 508-3221

    1 in this area

    11 Total Sales

    Charles McMillan
    Section Image
  • Keith Brennan

    Seller's Agent in 2017

    Keith Brennan

    Brennen Realty

    (310) 903-9348

    2 Total Sales

    Keith Brennan
    Section Image
  • Chuck Henderson

    Buyer's Agent in 2017

    Chuck Henderson

    BHRG

    (818) 754-0374

    7 Total Sales

    Chuck Henderson
    Section Image
See All Agents

Source: The MLS

MLS Number: 22-179757

The MLS

California Los Angeles County Los Angeles 90044

Athens

This home and is currently priced at $5,020,000, approximately $314 per square foot. This property was built in 1963. This home is a home located in Los Angeles County with nearby schools including West Athens Elementary School, George Washington Preparatory High School, and St. Frances X. Cabrini.

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