NOT LISTED FOR SALE

1265 E 108th St Los Angeles, CA 90059

Watts Neighborhood
11 Beds
5 Baths
3,349 Sq Ft
8,639 Sq Ft Lot

Last Sold August 29, 2014

Last sale price $369,000 $110 Per Sq Ft

38 Days on Market

About This Home

As of August 2014

5 units 1-3bed and 4-2beds. Low rents but Huge upside. Rent Control. Units are in fair condition. Many upgrades done such as new drive-way, New roof, lots of windows, Paint and more. Property is currently in Reap. $7000 month projected cash flow.

Last Agent to Sell the Property

Judy Sarinana

Century 21 A Better Service License #01361158 Listed on: 04/29/2014

Century 21 A Better Service

Last Buyer's Agent

Mike Iryami

BRC Advisors- BH License #01825516

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 8,639 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Parking Spaces

Home Design

  • 3,349 Sq Ft Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 2
  • Assessor Parcel Number 6065011027

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $50
  • Insurance Expense $2,000
  • Trash Expense $150
  • Water Sewer Expense $500
  • New Taxes Expense $5,000
  • Gross Income $3,125
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 500.00
  • Property Type: Residential Income
  • Parcel Number: 6065011027
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 110.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8639.00
  • Lot Size Acres: 0.1980

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 3125.00
  • Gross Scheduled Income: 37500.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 8639.0000 Square Feet
  • Net Operating Income: 30000.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 7700.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 33
  • Tax Tract Number: 2
  • Tax Year: 2013

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $369,000 -7.7% $110 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $399,990 -- $119 / 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 $6,850 $750,963 $568,913 $182,050
2024 $6,850 $434,776 $281,603 $153,173
2023 $6,737 $426,252 $276,082 $150,170
2022 $6,478 $417,895 $270,669 $147,226
2021 $6,388 $409,702 $265,362 $144,340
2020 $6,435 $405,502 $262,642 $142,860
2019 $6,222 $397,552 $257,493 $140,059
2018 $6,045 $389,758 $252,445 $137,313
2017 $5,878 $382,117 $247,496 $134,621
2016 $5,719 $374,626 $242,644 $131,982
2015 $5,638 $369,000 $239,000 $130,000
2014 $4,719 $283,633 $49,514 $234,119
Source: Public Records

Agents Affiliated with this Home

  • Judy Sarinana

    Seller's Agent in 2014

    Judy Sarinana

    Century 21 A Better Service

    (562) 806-1000

    28 Total Sales

    Judy Sarinana
    Section Image

  • M

    Buyer's Agent in 2014

    Mike Iryami

    BRC Advisors- BH

    (310) 753-8153

    3 in this area

    53 Total Sales

    Mike Iryami
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14090723

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90059 Watts

1265 E 108th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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