NOT LISTED FOR SALE

1240 W 90th St Unit 1 Los Angeles, CA 90044

Westmont Neighborhood
7 Beds
6 Baths
3,968 Sq Ft
6,076 Sq Ft Lot

Last Sold May 08, 2014

Last sale price $580,000 $146 Per Sq Ft

19 Days on Market

About This Home

As of May 2014

Marcus & Millichap is pleased to present the subject property located at 1240 W 90th Street in Los Angeles, California.
The property is located between Normandie Avenue and South Budlong Avenue.

1240 W 90th Street has a total of five units that consist of one one-bedroom/one-bath units, one two-bedroom/one-bath
unit, one three-bedroom/two-bath unit and two two-bedroom/two-bath units. The property is in good condition, which
means there is minimal deferred maintenance. The property was built on a slab foundation and has a pitched roof.

This property is separately metered for gas and electric. 1149 West 88th Street is in an excellent location that is highly
sought after for any investor.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 02/07/2014

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 02/07/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,076 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 3,968 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 458
  • Tax Tract Number 6001
  • Assessor Parcel Number 6047014010

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $1,786
  • Maintenance Expense $4,754
  • Other Expense $1,000
  • Professional Management Expense $3,763
  • Water Sewer Expense $4,250
  • New Taxes Expense $9,707
  • Gross Income $6,603
  • Net Operating Income $50,014

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • CapRate: 8.34
  • Other Phone Description: Steve Bogoyevac
  • Other Phone Number: 562-257-1200
  • Professional Management Expense: 3763.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4250.00
  • Property Type: Residential Income
  • Parcel Number: 6047014010
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 146.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6076.00
  • Lot Size Acres: 0.1390

Multi Family

  • Gross Income: 6603.00
  • Gross Multiplier: 7.57
  • Gross Scheduled Income: 79236.00
  • Insurance Expense: 1786.00
  • Lot Size Area: 6076.0000 Square Feet
  • Maintenance Expense: 4754.00
  • Net Operating Income: 50014.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 25260.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 6603.00

Tax Info

  • New Taxes Expense: 9707.00
  • Tax Lot: 458
  • Tax Tract Number: 6001
  • Tax Year: 2012

Range of Values:

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Average Value
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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
05/08/2014 05/08/14 Sold $580,000 -3.3% $146 / Sq Ft
03/18/2014 03/18/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $600,000 -- $151 / 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 2014

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    97 Total Sales

    Steve Bogoyevac
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14040865

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90044 Westmont

1240 W 90th St Unit 1, Los Angeles, CA

This home is located at 1240 W 90th St Unit 1, Los Angeles, CA 90044 since 07 February 2014. This property was built in 1963. 1240 W 90th St Unit 1 is a home located in Los Angeles County with nearby schools including La Salle Avenue Elementary School, Horace Mann Ucla Community, and George Washington Preparatory High School.

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.

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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