NOT LISTED FOR SALE

1216 W 93rd St Los Angeles, CA 90044

5 Beds
3 Baths
6,419 Sq Ft
9,250 Sq Ft Lot

Last Sold August 31, 2012

Last sale price $740,000 $115 Per Sq Ft

39 Days on Market

Highlights

  • Spanish Architecture
  • Wood Siding
  • No Heating

About This Home

As of August 2012

The subject property consists of one 10-unit two-story apartment building and one detached two-bedroom single-family home. The unit mix consists of five one-bedroom/one-bath units, five two-bedroom/one-bath units, and one two-bedroom/one-bath house. There are four tuck-under parking spaces in the rear of the property. The house was built in 1941 and the apartment building in 1961. The building construction is wood-framed with stucco exteriors and pitched composite-shingle roofs. The property is in need of repair and will be delivered 100 percent vacant. However this offers a new investor the opportunity to make his/her own improvements, a true value add opportunity.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/20/2012

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/20/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,250 Sq Ft Lot
  • Lot Dimensions are 50x185

Home Design

  • 6,419 Sq Ft Home
  • Spanish Architecture
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 50
  • Assessor Parcel Number 6056005009

Community Details

Overview

  • 2 Buildings
  • 11 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $29,889
  • Maintenance Expense $5,280
  • Other Expense $2,750
  • Professional Management Expense $7,319
  • Water Sewer Expense $9,350
  • New Taxes Expense $11,682
  • Gross Income $10,700
  • Net Operating Income $81,510

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 11.66
  • Professional Management Expense: 7319.00
  • View: No
  • Water Sewer Expenses: 9350.00
  • Zoning: LCR320U*
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6056005009
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 115.28

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: No
  • Parking Features: Covered, Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50x185
  • Lot Size Sq Ft: 9250.00
  • Lot Size Acres: 0.2120

Multi Family

  • Gross Income: 10700.00
  • Gross Multiplier: 5.44
  • Gross Scheduled Income: 128400.00
  • Insurance Expense: 29889.00
  • Lot Size Area: 9250.0000 Square Feet
  • Maintenance Expense: 5280.00
  • Net Operating Income: 81510.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 11
  • Operating Expense: 40470.00
  • Other Expense: 2750.00
  • Other Expense Description: Res & Re
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 11682.00
  • Tax Area: 1208
  • Tax Lot: 50

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 List to Sale Price per Sq Ft
08/31/2012 08/31/12 Sold $740,000 +5.9% $115 / Sq Ft
08/28/2012 08/28/12 Pending -- -- --
07/20/2012 07/20/12 For Sale $699,000 -- $109 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    90 Total Sales

    Steve Bogoyevac
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P830233

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90044

1216 W 93rd St, Los Angeles, CA

This home is located at 1216 W 93rd St, Los Angeles, CA 90044 since 20 July 2012. This property was built in 1961. 1216 W 93rd St is a home located in Los Angeles County with nearby schools including Ninety-Fifth Street Elementary School, Bret Harte Preparatory Middle School, and George Washington Preparatory High School.

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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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