$1,330,000
SOLD JAN 18, 2018 RENTED JAN 5, 2025
8 Beds
6 Baths
6,006 Sq Ft
8,106 Sq Ft Lot

Recently Sold

$221 Per Sq Ft

2% Above List Price

33 Days on Market

Highlights

  • Wood Flooring
  • Landscaped
  • Front Yard
  • Laundry Room

About This Home

As of July 2018

- A core value-add multifamily investment opportunity located in one of the most up-and-coming rental submarkets in Los Angeles.
- 6 Units (Four 1+1s and Two 2+1s)
- Spacious floorplans with dens averaging just over 1,000 sf per unit
- Washer/Dryer hook ups in each unit
- Charming and well-maintained 30s built property
- Current rents approximately 35%-40% below market for comparable units.
- 6 detached parking spaces in rear.
- Excellent palm-tree lined street in the heart of Country Club Park (North of Pico Boulevard).
- Call for offers Wednesday, November 8, 2017

Last Agent to Sell the Property

Everett Wong

Greysteel California, Inc. License #01991247 Listed on: 10/11/2017

Last Buyer's Agent

Everett Wong

Greysteel California, Inc. License #01991247 Listed on: 10/11/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 8,106 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Front Yard

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 6,006 Sq Ft Home
  • 2-Story Property
  • Gas Cooktop

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5081
  • Tax Tract Number 13
  • Assessor Parcel Number 5081013004

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Gardener Expense $1,440
  • Insurance Expense $3,800
  • Maintenance Expense $3,000
  • Supplies Expense $600
  • Water Sewer Expense $4,027
  • New Taxes Expense $15,494
  • Operating Expense $28,361
  • Gross Income $80,856
  • Net Operating Income $52,495

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.04
  • Price Per Unit: 216667
  • Property Attached: Yes
  • Supplies Expense: 600.00
  • Water Sewer Expenses: 4027.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5081013004
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Price Per Square Foot: 221.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 8106.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 80856.00
  • Gross Multiplier: 16.10
  • Gross Scheduled Income: 80856.00
  • Insurance Expense: 3800.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 52495.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 28361.00
  • Rent Control: Yes
  • Total Expenses: 28361.00

Tax Info

  • New Taxes Expense: 15494.00
  • Tax Census Tract: 2129.00
  • Tax Lot: 5081
  • Tax Tract Number: 013

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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
01/05/2025 01/05/25 Rented $2,800 0.0% --
10/21/2024 10/21/24 For Rent $2,800 +12.0% --
06/03/2024 06/03/24 Rented $2,500 0.0% --
05/22/2024 05/22/24 For Rent $2,500 +35.1% --
10/12/2020 10/12/20 Rented $1,850 0.0% --
09/24/2020 09/24/20 For Rent $1,850 -22.9% --
03/10/2020 03/10/20 Rented $2,400 0.0% --
02/29/2020 02/29/20 For Rent $2,400 0.0% --
02/07/2019 02/07/19 Rented $2,400 0.0% --
01/11/2019 01/11/19 Price Changed $2,400 +6.7% $2 / Sq Ft
11/15/2018 11/15/18 For Rent $2,250 0.0% --
07/06/2018 07/06/18 Sold $1,965,000 -1.8% $327 / Sq Ft
04/20/2018 04/20/18 For Sale $2,000,000 +50.4% $333 / Sq Ft
01/18/2018 01/18/18 Sold $1,330,000 +2.3% $221 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $1,300,000 -- $216 / 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: PW17242064

California Regional Multiple Listing Service (CRMLS)