NOT LISTED FOR SALE
5 Beds
3 Baths
2,976 Sq Ft
6,861 Sq Ft Lot

Last Sold July 29, 2014

Last sale price $1,200,000 $403 Per Sq Ft

19 Days on Market

About This Home

As of July 2014

Great Rental Income Property. Walking distance form University of Southern California. It can hold up to 10 tenants/students.
This property to be sold individually or as a part of a bundle package with the following additional properties. 1175 W 30th St, Los Angeles, CA 90007 (WS14112605) & 2722 Menlo Ave, Los Angeles, CA 90007 (WS14112594).
All 3 Income Properties are being listed by same Brokerage Company.

Last Agent to Sell the Property

MARVIN RINGLING

PLATINUM REALTY & MORTGAGE License #00349868 Listed on: 05/29/2014

Last Buyer's Agent

Jeremy Gray

Keller Williams VIP Properties License #01435155

Keller Williams VIP Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1898

Lot Details

  • 6,861 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage

Home Design

  • 2,976 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 79
  • Assessor Parcel Number 5055010032

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,040
  • Maintenance Expense $1,000
  • Professional Management Expense $5,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,228
  • Gross Income $8,000
  • Net Operating Income $79,332

Property Details

Home Type

Multi-Family

Year Built

Built in 1898

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5000.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 5055010032
  • Year Built: 1898
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 403.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Natural Gas
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6861.00
  • Lot Size Acres: 0.1580

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 8000.00
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 2040.00
  • Lot Size Area: 6861.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 79332.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 1389.00
  • Rent Control: No
  • Total Actual Rent: 8000.00

Tax Info

  • New Taxes Expense: 6228.00
  • Tax Lot: 79

Range of Values:

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List 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
07/29/2014 07/29/14 Sold $1,200,000 +23.1% $403 / Sq Ft
06/17/2014 06/17/14 Pending -- -- --
05/29/2014 05/29/14 For Sale $975,000 -- $328 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14112630

California Regional Multiple Listing Service (CRMLS)