Seller's Agent in 2024
Everett Wong
Greysteel California, Inc.
(310) 382-6705
2 in this area
25 Total Sales
1237 Amherst Ave Los Angeles, CA 90025
Sawtelle Neighborhood
12
Beds
11
Baths
6,959
Sq Ft
7,004
Sq Ft Lot
About This Home
As of November 20241237 Amherst Avenue is an incredibly clean and well-maintained 9-unit ‘bread-and-butter’ multifamily opportunity situated on a quiet side street in coveted West Los Angeles offered at a 5.1% cap rate! The property is currently generating excellent rental income with the average rent of $2,507/month per unit. There is additional upside of approximately 15-20% from current to market which may be achieved with upgraded in-unit renovations such as modernized and renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units (one of which is a spacious Owner's Unit facing Amherst). Many of the units feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).
Last Agent to Sell the Property
Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247 Listed on: 09/17/2024
Last Buyer's Agent
Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247 Listed on: 09/17/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 7,004 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 8 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,959 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 11 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 7
- Tax Tract Number 7002
- Assessor Parcel Number 4263001008
- $1,233 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $1,052
- Insurance Expense $7,928
- Professional Management Expense $10,542
- Trash Expense $4,637
- Water Sewer Expense $3,382
- Operating Expense $80,136
- Gross Income $270,780
- Net Operating Income $184,409
Additional Features
- 9 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2024 11/12/24 | Sold | $3,426,000 | -4.8% | $492 / Sq Ft |
| 11/07/2024 11/07/24 | Pending | -- | -- | -- |
| 09/17/2024 09/17/24 | For Sale | $3,600,000 | -- | $517 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,029 | $3,426,000 | $2,600,000 | $826,000 |
| 2024 | $20,029 | $1,567,104 | $961,362 | $605,742 |
| 2023 | $19,660 | $1,536,377 | $942,512 | $593,865 |
| 2022 | $18,782 | $1,506,253 | $924,032 | $582,221 |
| 2021 | $18,525 | $1,476,719 | $905,914 | $570,805 |
| 2019 | $17,990 | $1,432,921 | $879,045 | $553,876 |
| 2018 | $17,853 | $1,404,825 | $861,809 | $543,016 |
| 2016 | $16,995 | $1,350,276 | $828,345 | $521,931 |
| 2015 | $16,755 | $1,329,995 | $815,903 | $514,092 |
| 2014 | -- | $1,303,943 | $799,921 | $504,022 |
Source: Public Records
Agents Affiliated with this Home
-
Everett Wong
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24193373
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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