$685,000

Estimated payment $4,152/month

Total Views 682
3 Beds
3 Baths
2,240 Sq Ft
$306 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Vinyl Flooring
  • Cooling System Mounted To A Wall/Window
  • Wrought Iron Fence

About This Home

Attention Investors and Agents. This 3-unit multi-family property is located in close proximity to Downtown LA, this property offers the flexibility
to either build or continue collecting rent. This large multi-family dwelling is nearing completion just 10 doors down, enhancing the neighborhood's
appeal. Currently configured as a 1-bedroom, it can easily be converted to a 2-bedroom with the addition of a simple door. The kitchen includes a
cozy dining area, and there's a convenient indoor laundry room. The property has seen various upgrades over the years, ensuring it's wellmaintained. Situated next to the newly revitalized Central Park Recreation Center, residents have access to community pools and recreation rooms.
Onsite parking is ample, with direct access at the rear of the property via alley access. The location is unbeatable, with proximity to the Arts
District, Fashion District, USC, and a quick commute into Downtown LA. The property has recently passed the LA city inspection, adding peace of
mind for potential buyers. Multiple new builds in the immediate area signal ongoing development and increased property value. This is a must-see
to appreciate all it offers. Subject to interior inspection. Call with any questions.

Listing Agent

Julio Bonilla

Keller Williams Pacific Estates Brokerage Phone: 562-355-8060 License #01281205 Listed on: 07/05/2025

Keller Williams Pacific Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,816

Year Built

  • Built in 1935

Lot Details

  • 5,748 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Carbon Monoxide Detectors
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 25 / 3
  • Tax Tract Number 3
  • Assessor Parcel Number 5119004002
  • $418 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $7,836
  • Gross Income $28,804
  • Net Operating Income $28,804

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,816

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Price Per Unit: 228333
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5119004002
  • Year Built: 1935
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: first
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Entry Level: 1
  • Price Per Square Foot: 305.80

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Inside
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5748.00
  • Lot Size Acres: 0.1320

Multi Family

  • Gross Income: 28804.00
  • Gross Scheduled Income: 36000.00
  • Lot Size Area: 5748.0000 Square Feet
  • Net Operating Income: 28804.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 7836.00
  • Rent Control: Yes
  • Total Expenses: 7836.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 2270.10
  • Tax Lot: 25
  • Tax Tract Number: 3
  • TaxOtherAnnualAssessmentAmount: 418.00

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 $4,816 $373,958 $175,227 $198,731
2024 $4,816 $366,627 $171,792 $194,835
2023 $4,729 $359,439 $168,424 $191,015
2022 $4,518 $352,392 $165,122 $187,270
2021 $4,454 $345,484 $161,885 $183,599
2020 $4,494 $341,943 $160,226 $181,717
2019 $4,327 $335,239 $157,085 $178,154
2018 $4,235 $328,666 $154,005 $174,661
2016 $4,032 $315,906 $148,026 $167,880
2015 $3,976 $311,162 $145,803 $165,359
2014 $4,008 $305,067 $142,947 $162,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2025 07/05/25 For Sale $685,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- United Title Company Westlak
Interfamily Deed Transfer -- United Title Company Westlak
Interfamily Deed Transfer -- United Title Company Westlak
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $206,000 Purchase Money Mortgage
Closed $206,000 Purchase Money Mortgage
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25145316

California Regional Multiple Listing Service (CRMLS)

APN: 5119-004-002