$1,200,000

Estimated payment $7,131/month

Total Views 563
12 Beds
5 Baths
3,352 Sq Ft
$358 Price per Sq Ft

About This Home

Spacious 4 unit building in Pico/Crenshaw area of central Los Angeles, near Koreatown and Mid-Wilshire. Recent upgrades include a new roof around 4 years ago and a newer heating system. Building's current use is as a 12-room boarding house, grossing $7,606/month. There are 5 bathrooms ( 3 upstairs and 2 downstairs), and two communal kitchens, one on each floor. Seller pays all utilities, which average $1,000/month for water & electricity and $500/month for gas. There are at least 5 surface parking spaces. Situated on a 7,155 SF R3 lot with Tier 3 T.O.C. zoning for future development potential. Buyer to conduct their own due diligence and verify all square footages and permits.

Last Listed By

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 06/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,048

Year Built

  • Built in 1910

Lot Details

  • 7,160 Sq Ft Lot
  • Lot Dimensions are 50x143
  • Gated Home

Interior Spaces

  • 3,352 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Driveway

Utilities

  • Central Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5072-005-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,048

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3352
  • Lot Acreage: 0.1644
  • Lot Dimensions: 50x143
  • Probate: No
  • Stories: 2
  • Year Built: 1910
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 358.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 5

Utilities

  • Heating: Central
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 40.08
  • Assessed Improvement Value: 148702
  • Assessed Land Percent: 59.92
  • Assessed Land Value: 222282
  • Total Assessed Value: 370984
  • Assessor Parcel Number: 5072-005-021
  • Lot Size Area: 7160

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.14
  • Number Of Units: 4
  • Total Annual Expense: 36508
  • Type Of Units: apartment
  • Vacancy Rate: 0.08%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $5,048 $370,984 $222,282 $148,702
2023 $4,963 $363,711 $217,924 $145,787
2022 $4,754 $356,580 $213,651 $142,929
2021 $4,678 $349,589 $209,462 $140,127
2019 $4,550 $339,222 $203,250 $135,972
2018 $4,406 $332,571 $199,265 $133,306
2016 $4,188 $319,659 $191,528 $128,131
2015 $4,131 $314,859 $188,652 $126,207
2014 $4,173 $308,692 $184,957 $123,735
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2025 06/07/25 For Sale $1,200,000 -- $358 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Individual Deed $237,000 --
Individual Deed -- --
Individual Deed $188,000 First American Title Co
Corporate Deed $135,000 Investors Title Company
Trustee Deed $201,237 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $716,000 New Conventional
Closed $575,000 Fannie Mae Freddie Mac
Closed $351,000 Unknown
Closed $274,999 Unknown
Closed $25,000 Unknown
Closed $189,600 No Value Available
Previous Owner $48,000 Stand Alone Second
Previous Owner $178,300 No Value Available
Previous Owner $130,950 Seller Take Back
Source: Public Records

Source: The MLS

MLS Number: 25549621

The MLS

APN: 5072-005-021