NOT LISTED FOR SALE

1323 W 99th St Los Angeles, CA 90044

12 Beds
7 Baths
4,992 Sq Ft
6,259 Sq Ft Lot

Last Sold November 26, 2014

Last sale price $600,000 $120 Per Sq Ft

1 Day on Market

About This Home

As of November 2014

Great investment opportunity to own a two-story 6 unit complex comprised of (1) 3 bedroom 2 bath, (4) 2 bedroom 1 bath and (1) 1 bedroom 1 bath units, six covered parking spaces with two spaces at the front and four spaces at the rear of the building with alley access, gated complex with separate meters. Two units are located on the 1st floor and four units on the second floor. The structure was built in 1962, contains 4,992 gross living sq. ft. with a 6,259 sq. ft. lot. Structure does need some TLC. Complex is not subject to rent control with great upside potential. Please do not disturb the tenants and walk on the property. Drive by only.

Last Agent to Sell the Property

Linh Tran

Meridox Real Estate License #01520128 Listed on: 11/13/2014

Last Buyer's Agent

Daron Case

Re/Max Commercial & Investment License #01702754

Re/Max Commercial & Investment

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,259 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 4,992 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 158
  • Tax Tract Number 3096
  • Assessor Parcel Number 6056017031

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 7 Separate Water Meters
  • Electric Expense $1,466
  • Gardener Expense $782
  • Insurance Expense $1,300
  • Maintenance Expense $6,767
  • Pest Control $500
  • Professional Management Expense $3,373
  • Water Sewer Expense $3,318
  • New Taxes Expense $11,750
  • Gross Income $64,320
  • Net Operating Income $33,194

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 5.54
  • Professional Management Expense: 3373.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3318.00
  • Property Type: Residential Income
  • Gardener Expense: 782.00
  • Parcel Number: 6056017031
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 120.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6259.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1466.00
  • Gross Income: 64320.00
  • Gross Multiplier: 9.31
  • Gross Scheduled Income: 64320.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 6259.0000 Square Feet
  • Maintenance Expense: 6767.00
  • Net Operating Income: 33194.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 6
  • Operating Expense: 31126.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11750.00
  • Tax Lot: 158
  • Tax Tract Number: 3096
  • Tax Year: 2013

Range of Values:

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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
11/26/2014 11/26/14 Sold $600,000 +0.2% $120 / Sq Ft
11/14/2014 11/14/14 Pending -- -- --
11/13/2014 11/13/14 For Sale $599,000 -- $120 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Linh Tran

    Seller's Agent in 2014

    Linh Tran

    Meridox Real Estate

    (626) 780-1397

    56 Total Sales

    Linh Tran
    Section Image
  • Daron Case

    Buyer's Agent in 2014

    Daron Case

    RE/MAX

    (310) 802-2500

    2 Total Sales

    Daron Case
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14241340

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

1323 W 99th 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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