$1,600,000
$300K PRICE DROP

Estimated payment $8,825/month

Total Views 3,726
2 Beds
-- Bath
4,224 Sq Ft
$379 Price per Sq Ft

About This Home

ATTENTION ALL DEVELOPERS!! Looking for your next development in the highly desirable University Park look no further. This is your next opportunity sitting on a Lot size 5,355 and building size of 4225 with a Zoning of LAC2. This one will not last. Do not let this opportunity pass you by. Mixed use Commercial/Residential building in the USC area. Close to the USC campus, this investment opportunity is perfect for a local investors or developer looking to tap into the college rental market. Property is consist of 2 Commercial units on the bottom and 2 Residential units on top. Prime Location near USC on Jefferson Blvd within close proximity to the USC campus, near Exposition Park, LA Coliseum, West Adams, Leimert Park, DTLA, Freeways, Restaurants & more.

Listing Agent

Edwin Blanco

CENTURY 21 REALTY MASTERS Brokerage Phone: 323-695-1868 License #02054714 Listed on: 06/17/2024

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,286

Year Built

  • Built in 1924

Lot Details

  • 5,357 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 2 Bedrooms
  • 4,224 Sq Ft Home
  • 2-Story Property

Listing and Financial Details

  • Tax Lot 112
  • Tax Tract Number 221
  • Assessor Parcel Number 5040024022
  • $656 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,286

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Price Per Unit: 400000
  • Property Attached: Yes
  • Zoning: LAC2
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5040024022
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Price Per Square Foot: 378.79

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size: 5355
  • Lot Size Sq Ft: 5357.00
  • Lot Size Acres: 0.1230

Multi Family

  • Lot Size Area: 5357.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 112
  • Tax Tract Number: 221...
  • TaxOtherAnnualAssessmentAmount: 656.00

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
2025 $1,286 $227,048 $115,966 $111,082
2024 $1,286 $222,597 $113,693 $108,904
2023 $1,341 $218,233 $111,464 $106,769
2022 $1,397 $213,955 $109,279 $104,676
2021 $1,348 $209,761 $107,137 $102,624
2019 $1,365 $203,541 $103,960 $99,581
2018 $2,874 $199,551 $101,922 $97,629
2016 $2,711 $191,804 $97,965 $93,839
2015 $2,677 $188,924 $96,494 $92,430
2014 $2,700 $185,224 $94,604 $90,620
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Price Changed $1,600,000 -5.9% $379 / Sq Ft
10/10/2024 10/10/24 Price Changed $1,700,000 -10.5% $402 / Sq Ft
06/17/2024 06/17/24 For Sale $1,900,000 -- $450 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB24123913

California Regional Multiple Listing Service (CRMLS)

APN: 5040-024-022