NOT LISTED FOR SALE

126 W D St Los Angeles, CA 90744

Estimated Value: $2,083,523

-- Bed
4 Baths
5,544 Sq Ft
$376/Sq Ft Est. Value

Last Sold June 03, 2020

Last sale price $1,500,000 $271 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $12,766/month

57 Days on Market

About This Home

As of June 2020

126 West D Street presents an excellent opportunity to acquire a reliable product type; SRO's perform amazingly well during the toughest of times. This asset is a turnkey 28-unit building with strong in-place cash flow and income security; the majority of tenants' rent is subsidized by agencies, and April rent collections were excellent. Additionally, a new investor may take advantage of attractive assumable financing, and seller may carry back a 10 percent second trust deed for better leverage; contact listing agents for details.

126 West D Street is a 5,544-square foot building constructed in 1918 that features 28 units, common area bathrooms and showers on each floor, as well as a common area kitchen. Recent improvements include a brand new roof, updated electrical and plumbing, updated flooring, and updated units throughout.

The property is located at the intersection of D Street and Marine Avenue, just three blocks from the $53MM Avalon Promenade and Gateway Project that will connect to the $24MM Wilmington Waterfront Promenade project. The projects, which are slated for completion by 2021, aim to reconnect Wilmington to the ocean and revamp the city’s waterfront by replacing industrial buildings and LADWP storage tanks with open space, a playground, event space, an outdoor classroom, a native plant garden and more.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 03/02/2020

Co-Listed By

David O'Keefe

Marcus & Millichap License #01928739

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 03/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,975

Year Built

  • Built in 1918

Lot Details

  • 4,654 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • 5,544 Sq Ft Home

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 12
  • Assessor Parcel Number 7418023002

Community Details

Building Details

  • Rent Control
  • Operating Expense $100,273
  • Gross Income $227,460
  • Net Operating Income $104,945

Additional Features

  • 28 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,975

Year Built

Built in 1918

Lot Details

0

Listing Details

  • CapRate: 6.36
  • Property Attached: No
  • Zoning: LAMR1
  • Property Type: Residential Income
  • Parcel Number: 7418023002
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 270.56

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 4654.00
  • Lot Size Acres: 0.1068

Multi Family

  • Gross Income: 227460.00
  • Gross Multiplier: 7.42
  • Gross Scheduled Income: 222420.00
  • Laundry Income: 5040.00
  • Lot Size Area: 4654.0000 Square Feet
  • Net Operating Income: 104945.00
  • Number Of Units Total: 28
  • Operating Expense: 100273.00
  • Rent Control: Yes
  • Total Expenses: 100273.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 2948.30
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2020
Closed on
Apr 30, 2020
Sold by
H C A C Llc
Bought by
Sunshine 11 Lp
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,650,000
Sold Price
$1,500,000
Premium/Discount to List
-$150,000
-9.09%
Current Estimated Value
$2,083,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$583,523
Avg. Annual Appreciation
6.42%

Purchase Details

Closed on
Dec 2, 2008
Sold by
Percos Holdings Llc
Bought by
H C A C Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
6.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 22, 2008
Sold by
Del Rio Foundation
Bought by
Percos Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
6.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 21, 2006
Sold by
Del Rio Foundation
Bought by
Percos Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 2003
Sold by
Dileva Gloria Ann
Bought by
Del Rio Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,500
Interest Rate
5.97%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Sunshine 11 Lp $1,500,000 Provident Title
H C A C Llc -- Southland Title
Percos Holdings Llc -- None Available
Percos Holdings Llc -- Sutic
Del Rio Foundation $500,000 Fidelity
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunshine 11 Lp $990,000
Previous Owner Hca C Llc $800,000
Previous Owner H C A C Llc $150,000
Previous Owner H C A C Llc $110,000
Previous Owner H C A C Llc $146,654
Previous Owner H C A C Llc $150,000
Previous Owner H C A C Llc $704,000
Previous Owner Percos Holdings Llc $3,354,000
Previous Owner Percos Holdings Llc $0
Previous Owner Percos Holdings Llc $575,000
Previous Owner Percos Holdings Llc $960,500
Previous Owner Del Rio Foundation $624,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2020 06/03/20 Sold $1,500,000 -9.1% $271 / Sq Ft
04/28/2020 04/28/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $1,650,000 -- $298 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $19,975 $1,640,465 $546,820 $1,093,645
2024 $19,975 $1,608,300 $536,099 $1,072,201
2023 $19,592 $1,576,766 $525,588 $1,051,178
2022 $18,688 $1,545,850 $515,283 $1,030,567
2021 $18,439 $1,515,540 $505,180 $1,010,360
2020 $12,463 $986,734 $246,093 $740,641
2019 $11,981 $967,387 $241,268 $726,119
2018 $11,866 $948,420 $236,538 $711,882
2016 $11,301 $911,593 $227,353 $684,240
2015 $8,303 $660,000 $167,200 $492,800
2014 $8,505 $660,000 $167,200 $492,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    92 Total Sales

    Steve Bogoyevac
    Section Image

  • D

    Seller Co-Listing Agent in 2020

    David O'Keefe

    Marcus & Millichap

    (562) 257-1200

    51 Total Sales

    David O'Keefe
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20045526

California Regional Multiple Listing Service (CRMLS)

APN: 7418-023-002

California Los Angeles County Los Angeles 90744

126 W D St, Los Angeles, CA

This home is located at 126 W D St, Los Angeles, CA 90744 since 02 March 2020 and is currently estimated at $2,083,523, approximately $375 per square foot. This property was built in 1918. 126 W D St is a home located in Los Angeles County with nearby schools including George De La Torre Jr. Elementary, Phineas Banning Senior High School, and Sts. Peter And St. Paul 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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