NOT LISTED FOR SALE
11 Beds
5 Baths
4,695 Sq Ft
5,854 Sq Ft Lot

Last Sold June 30, 2023

Last sale price $940,000 $200 Per Sq Ft

3 Days on Market

Highlights

  • Property is near public transit
  • Two Homes on a Lot
  • Bungalow
  • Wood Flooring
  • Living Room
  • Central Heating and Cooling System

About This Home

As of June 2023

This a rare opportunity to add a five-unit apartment to your portfolio. Back at the market for the first time in thirty years. Two-unit structure in one lot size 5,860. The front structure is two stories, 3,795 sqft, and contains four units two on top and two on the bottom. All four units are 2 bedrooms and 1 bathroom and are identical in characteristics. The back structure is a 900 sqft three-bedroom and one-bathroom residential dwelling unit. This property is zone RD2-1, Z1-2451 transit priority area in the city of Los Angeles. Z1-2374; State Enterprise Zone. Transit Oriented Communities TIER-3. This property is currently being used as eleven bedrooms and five bathrooms. Tilte shows the property's old characteristics count as seven bedrooms and five bathrooms.

Last Agent to Sell the Property

Rudy Junes

Century 21 Allstars License #02108580 Listed on: 04/17/2023

Century 21 Allstars

Last Buyer's Agent

Rudy Junes

Century 21 Allstars License #02108580 Listed on: 04/17/2023

Century 21 Allstars

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1928

Lot Details

  • 5,854 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Fenced
  • Density is 2-5 Units/Acre
  • On-Hand Building Permits

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Bungalow
  • Entry on the 1st floor
  • Raised Foundation
  • Clay Roof
  • Stucco

Interior Spaces

  • 4,695 Sq Ft Home
  • 2-Story Property
  • Living Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 2
  • Tax Tract Number 5
  • Assessor Parcel Number 5119031005

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Trash Expense $300
  • Water Sewer Expense $1,000
  • Operating Expense $15,600
  • Net Operating Income $69,660

Property Details

Home Type

Apartment

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • CapRate: 7.00
  • Property Attached: No
  • Road Frontage Type: Access Road, Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 1000.00
  • Zoning: LARD2
  • Architectural Style: Bungalow
  • Property Condition: Building Permit
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5119031005
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: See Remarks
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 200.21
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Pool Private: No
  • Roof: Clay
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Near Public Transit
  • Lot Size Sq Ft: 5854.00
  • Lot Size Acres: 0.1344

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 85260.00
  • Lot Size Area: 5854.0000 Square Feet
  • Net Operating Income: 69660.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 15600.00
  • Rent Control: Yes
  • Total Actual Rent: 4.00
  • Total Expenses: 15600.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 2270.10
  • Tax Lot: 5
  • Tax Tract Number: 5/2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
06/30/2023 06/30/23 Sold $940,000 -4.1% $200 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $980,000 -- $209 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23063489

California Regional Multiple Listing Service (CRMLS)