T
Seller's Agent in 2018
Thomas Watkins
Pacific Peak Investment RE
1436 W Jefferson Blvd Los Angeles, CA 90007
Exposition Park Neighborhood
7
Beds
5
Baths
6,015
Sq Ft
0.28
Acres
About This Home
As of June 2018Mixed use property spread over 12,000 square feet of land consisting of a mix of single-family and retail, the combined 6,000 + Sq. Ft. of improvements currently provides income totaling $135,000 and comes in at a 4.5 CAP rate. Located in the heart of the Make Jefferson Beautiful Street Project.
The offering presents a unique development opportunity close to USC as an exit strategy. The two lots are zoned LAC2.
Last Agent to Sell the Property
Thomas Watkins
Pacific Peak Investment RE License #01754440 Listed on: 04/04/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1907
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
- 5040-003-015
Home Design
- 6,015 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Tract Number 1
- Assessor Parcel Number 5040003014
Community Details
Overview
- 3 Buildings
- 8 Units
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,500
- Professional Management Expense $5,000
- Trash Expense $2,800
- Water Sewer Expense $4,000
- New Taxes Expense $22,800
- Operating Expense $46,440
- Gross Income $135,840
- Net Operating Income $85,325
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2018 06/19/18 | Sold | $1,835,000 | -3.4% | $305 / Sq Ft |
| 03/08/2018 03/08/18 | Price Changed | $1,900,000 | 0.0% | $316 / Sq Ft |
| 07/13/2017 07/13/17 | For Sale | $1,900,000 | 0.0% | $316 / Sq Ft |
| 05/16/2017 05/16/17 | Pending | -- | -- | -- |
| 05/09/2017 05/09/17 | Pending | -- | -- | -- |
| 04/04/2017 04/04/17 | For Sale | $1,900,000 | -- | $316 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
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NoEmail NoEmail
N
Buyer's Agent in 2018
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,878 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17070389
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