NOT LISTED FOR SALE
6 Beds
5 Baths
3,585 Sq Ft
9,901 Sq Ft Lot

Sale Details

Date Sold: August 2, 2024

Last sale price $780,000 $218 Per Sq Ft

123 Days on Market

Highlights

  • Gated Parking
  • Tile Flooring
  • Laundry Facilities
  • 0.23 Acre Lot
  • Floor Furnace
  • Chain Link Fence

About This Home

As of August 2024

This is an exciting investment opportunity in South Los Angeles! Don't miss this remarkable 5-unit income property with immense potential for
savvy investors. This property boasts a mix of four 1-bedroom,1-bathroom units and one 2-bedroom. 1-bathroom unit, perfectly designed for rental
income. Each unit is equipped with its own washer and dryer hookup, providing convenience, and added value for the tenants. There is ample parking
with one single car garage, and two 2-car garages ensuring sufficient parking for all residents. While the property may require some renovations and upgrades this presents a fantastic chance for investors to add value and maximize returns. Priced competitively and poised for transformation, this
property represents an exceptional opportunity in the thriving South Los Angeles real estate market. Here's your chance to turn this diamond
in the rough into a lucrative investment.

Last Agent to Sell the Property

Deedee Mitchell

Pinnacle Estate Properties, Inc. License #01377797 Listed on: 02/22/2024

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Aaron Jacobson

Lyon Stahl Investment Real Estate, Inc. License #02100737

Lyon Stahl Investment Real Estate, Inc.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 9,901 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Sprinkler System
  • Front Yard

Parking

  • 5 Car Garage
  • Parking Available
  • Two Garage Doors
  • Gated Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Fixer Upper

Interior Spaces

  • 3,585 Sq Ft Home
  • 1-Story Property
  • Washer and Gas Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Floor Furnace
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 66
  • Tax Tract Number 2
  • Assessor Parcel Number 5002013017

Community Details

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $9,684
  • Professional Management Expense $4,800
  • Water Sewer Expense $4,752
  • Operating Expense $20,436
  • Gross Income $71,256
  • Net Operating Income $50,820

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

9,901 Sq Ft Lot

Parking

5

Listing Details

  • Standard Status: Closed
  • Assessments: Yes
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4752.00
  • Zoning: LARD1.5
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5002013017
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 217.57

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Garage - Two Door, Gated
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinkler System
  • Lot Size Sq Ft: 9901.00
  • Lot Size Acres: 0.2273
  • Latitude Manual: 33.99059900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 71256.00
  • Gross Scheduled Income: 71256.00
  • Insurance Expense: 9684.00
  • Lot Size Area: 9901.0000 Square Feet
  • Net Operating Income: 50820.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 20436.00
  • Rent Control: Yes
  • Total Actual Rent: 5938.00
  • Total Expenses: 20436.00

Tax Info

  • Tax Census Tract: 2326.02
  • Tax Lot: 66
  • Tax Tract Number: 2

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
1300 W 57Th St Llc $780,000 Priority Title
Scott Ronald -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,108,600
Previous Owner 1300 W 57Th Street Llc $640,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Sold $780,000 -13.3% $218 / Sq Ft
06/24/2024 06/24/24 Price Changed $900,000 0.0% $251 / Sq Ft
06/24/2024 06/24/24 For Sale $900,000 +15.4% $251 / Sq Ft
05/06/2024 05/06/24 Off Market $780,000 -- --
05/03/2024 05/03/24 For Sale $925,000 +18.6% $258 / Sq Ft
05/02/2024 05/02/24 Off Market $780,000 -- --
04/26/2024 04/26/24 Price Changed $925,000 -5.9% $258 / Sq Ft
02/22/2024 02/22/24 For Sale $982,500 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,396 $795,600 $642,600 $153,000
2025 $10,396 $780,000 $630,000 $150,000
2024 $2,300 $102,088 $39,940 $62,148
2023 $2,279 $100,087 $39,157 $60,930
2022 $2,219 $98,126 $38,390 $59,736
2021 $2,176 $96,203 $37,638 $58,565
2019 $2,138 $93,352 $36,523 $56,829
2018 $1,957 $91,522 $35,807 $55,715
2016 $1,811 $87,969 $34,417 $53,552
2015 $1,796 $86,649 $33,901 $52,748
2014 $1,839 $84,952 $33,237 $51,715
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24035834

California Regional Multiple Listing Service (CRMLS)
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