NOT LISTED FOR SALE
-- Bed
-- Bath
19,260 Sq Ft
7,492 Sq Ft Lot

Last Sold January 16, 2012

Last sale price $1,550,000 $80 Per Sq Ft

154 Days on Market

About This Home

As of January 2012

Re/Max Commercial & Investment Realty is pleased to announce 1249 W 6th St., a 30 Unit * apartment building. This 3 story re-inforced brick building with stucco faade is located in a strong rental area in the heart of Downtown. The subject property is comprised of 19 Singles, 4 Bachelors, and 7 One Bed + One Bath units. There have been many recent upgrades to the property. The property has secured entrances with no on-site parking, but is located on a street with numerous bus/transit stops. A Large Basement with Laundry facilities, this asset is with-in walking distance to Downtown Los Angeles. Master Metered for Gas and Electric, the property shows very well and would make a great asset to the astute investor. *Buyer to verify number of units

Last Agent to Sell the Property

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 08/12/2011

Remax Commercial and Investment Realty

Last Buyer's Agent

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 08/12/2011

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 7,492 Sq Ft Lot

Interior Spaces

  • 19,260 Sq Ft Home
  • 3-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 30 Units

Listing and Financial Details

  • Assessor Parcel Number 5153-022-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 19260
  • Stories: 3
  • Year Built: 1912
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 93.20

Exterior Features

  • Pool: No

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 1270265
  • Assessed Land Value: 742845
  • Assessor Parcel Number: 5153-022-008
  • Lot Size Area: 7492

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 7.02
  • Number Of Units: 30
  • Total Annual Expense: 114337
  • Type Of Units: Apartment
  • Vacancy Rate: 5%

Range of Values:

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ICE

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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
01/16/2012 01/16/12 Sold $1,550,000 -13.6% $80 / Sq Ft
01/13/2012 01/13/12 Pending -- -- --
08/12/2011 08/12/11 For Sale $1,795,000 -- $93 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 11-547437

The MLS