NOT LISTED FOR SALE
12 Beds
6 Baths
3,634 Sq Ft
6,225 Sq Ft Lot

Last Sold September 22, 2021

Last sale price $1,150,000 $316 Per Sq Ft

111 Days on Market

About This Home

As of September 2021

This is a golden opportunity. Huge potential for equity and income growth. Centrally located in the heart of Los Angeles, a short walk from USC. Perfect for student housing. Great investment property - 6 units, each with 2 bedrooms and 1 bath. Convenient to public transportation. Near schools - John Adams Middle School and near colleges - USC and LA Trade Tech.

Last Agent to Sell the Property

Lucia Gonzales

HOMESMART, EVERGREEN REALTY License #01805412 Listed on: 03/13/2021

HOMESMART, EVERGREEN REALTY

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,225 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 8 Car Garage

Home Design

  • 3,634 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Additional Features

  • Property is near public transit
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 12
  • Assessor Parcel Number 5128005005

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $500
  • Insurance Expense $1,900
  • Maintenance Expense $7,200
  • Pest Control $500
  • Water Sewer Expense $5,000
  • Gross Income $77,928

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 5128005005
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 316.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: No
  • Pest Control Expense: 500.00
  • Sewer: Unknown
  • Water Source: Other, Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6225.00
  • Lot Size Acres: 0.1429

Multi Family

  • Gross Operating Income: 77928.00
  • Gross Scheduled Income: 93600.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 6225.0000 Square Feet
  • Maintenance Expense: 7200.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2246.00
  • Tax Lot: 12
  • Tax Tract Number: 12
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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
09/22/2021 09/22/21 Sold $1,150,000 -8.0% $316 / Sq Ft
09/12/2021 09/12/21 For Sale $1,250,000 0.0% $344 / Sq Ft
07/07/2021 07/07/21 For Sale $1,250,000 0.0% $344 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
07/01/2021 07/01/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $1,250,000 0.0% $344 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/16/2021 06/16/21 Price Changed $1,250,000 -2.0% $344 / Sq Ft
05/31/2021 05/31/21 Price Changed $1,275,000 -1.9% $351 / Sq Ft
03/13/2021 03/13/21 For Sale $1,300,000 -- $358 / 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 $15,598 $1,220,389 $689,785 $530,604
2024 $15,408 $1,196,460 $676,260 $520,200
2023 $15,123 $1,173,000 $663,000 $510,000
2022 $14,449 $1,150,000 $650,000 $500,000
2021 $9,190 $695,378 $238,229 $457,149
2019 $8,937 $674,755 $231,164 $443,591
2018 $8,800 $661,526 $226,632 $434,894
2016 $8,362 $635,840 $217,833 $418,007
2015 $8,249 $626,290 $214,561 $411,729
2014 $8,311 $614,023 $210,359 $403,664
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21053123

California Regional Multiple Listing Service (CRMLS)