NOT LISTED FOR SALE

1221 W Adams Blvd Los Angeles, CA 90007

University Park Neighborhood
6 Beds
5 Baths
3,972 Sq Ft
5,158 Sq Ft Lot

Last Sold November 27, 2013

Last sale price $1,000,000 $252 Per Sq Ft

41 Days on Market

About This Home

As of November 2013

**Huge Price Reduction**Unique, located in most desirable USC market student housing area , rented year round to foreign students, owner lives in premises & unit will be deliver vacant at the close of escrow. Upgrades done from top to bottom, Clean well maintain units.Proposed financing is available with a 3.75%interest rate fixed for 30 year fixed due on 5 with a 25% down, said financing makes this investment a 10% cash on cash return. Investor bread & butter, coupon clipper. Seller Motivated due to retirement plans

Last Agent to Sell the Property

Jorge Flores

LA Equity Group, Inc. License #00954638 Listed on: 07/26/2013

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 5,158

Parking

  • On-Street Parking

Interior Spaces

  • 3,972 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • 5,158 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5055-015-003

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3972
  • Stories: 2
  • Year Built: 1910
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 276.94

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Electric Expense: 1450.00
  • Heating: Wall
  • Water Expense: 4152.00

Fee Information

  • Gas Expense: 755.00
  • Insurance Expense: 1960.00
  • Maintenance Expense: 1892.00
  • Other Expense: 3540.00

Lot Info

  • Assessed Improvement Value: 113192
  • Assessed Land Value: 339584
  • Assessor Parcel Number: 5055-015-003
  • Geocode Override: No
  • Lot Size Area: 5158

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.70
  • Number Of Units: 5
  • Rent Control: 100.00
  • Total Annual Expense: 32499.00
  • Type Of Units: 5
  • Vacancy Rate: 0.0

Tax Info

  • Tax Expense: 18750.00

Range of Values:

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Average Value
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List Price
Sold 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 Change Sq Ft Price
11/27/2013 11/27/13 Sold $1,000,000 -20.6% $252 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
07/26/2013 07/26/13 For Sale $1,259,000 -- $317 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jorge Flores

    LA Equity Group, Inc.

    Section Image

  • S

    Buyer's Agent in 2013

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 13-692019

The MLS

California Los Angeles County Los Angeles 90007 University Park

1221 W Adams Blvd, Los Angeles, CA

This home is located at 1221 W Adams Blvd, Los Angeles, CA 90007 since 26 July 2013. This property was built in 1910. 1221 W Adams Blvd is a home located in Los Angeles County with nearby schools including Norwood Street Elementary School, John Adams Middle School, and West Adams Preparatory High School.

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