NOT LISTED FOR SALE

1302 W 97th St Los Angeles, CA 90044

7 Beds
4 Baths
6,162 Sq Ft
6,502 Sq Ft Lot

Last Sold March 05, 2015

Last sale price $960,000 $156 Per Sq Ft

26 Days on Market

About This Home

As of March 2015

Attention Investors. Exceptional opportunity to own a completely remodeled 8 unit building in a great rental area. All units have been updated with new windows, new A/C system, new electrical system, interior and exterior paint and much more. Tis property is centrally located and is in a prime rental market with very little vacancy in the past.

Last Agent to Sell the Property

Aaron Juarez

Cal American Homes License #01295422 Listed on: 01/14/2015

Last Buyer's Agent

Mike Marcu

Mike Marcu, Broker License #00919594

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,502 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • 6,162 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Central Air

Listing and Financial Details

  • Tax Lot 89
  • Tax Tract Number 3096
  • Assessor Parcel Number 6056016014

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $2,400
  • Maintenance Expense $1,200
  • Professional Management Expense $7,800
  • Trash Expense $1,656
  • Water Sewer Expense $650
  • New Taxes Expense $11,250
  • Gross Income $7,800
  • Net Operating Income $66,156

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Professional Management Expense: 7800.00
  • Property Attached: No
  • Water Sewer Expenses: 650.00
  • Property Type: Residential Income
  • Parcel Number: 6056016014
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 155.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1656.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 7800.00
  • Gross Scheduled Income: 93600.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6502.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 66156.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 27444.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Lot: 89
  • Tax Tract Number: 3096
  • Tax Year: 2014

Range of Values:

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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
03/05/2015 03/05/15 Sold $960,000 +6.7% $156 / Sq Ft
02/09/2015 02/09/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $900,000 -- $146 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Aaron Juarez

    Seller's Agent in 2015

    Aaron Juarez

    Cal American Homes

    (909) 917-8388

    108 Total Sales

    Aaron Juarez
    Section Image
  • Mike Marcu

    Buyer's Agent in 2015

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    18 Total Sales

    Mike Marcu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15008871

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90044

1302 W 97th St, Los Angeles, CA

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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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