NOT LISTED FOR SALE

1445 W 9th St Los Angeles, CA 90732

13 Beds
12 Baths
6,310 Sq Ft
7,293 Sq Ft Lot

Last Sold August 09, 2019

Last sale price $1,600,000 $254 Per Sq Ft

58 Days on Market

Highlights

  • Park
  • Landscaped
  • Wall Furnace
  • Laundry Room

About This Home

As of August 2019

Prime of ownership property located in a PRIME Upper Vista Del Oro location (West of Gaffey). Six-unit courtyard style complex consists of 5 very spacious 2 bed/2 bath units averaging over 1,000 SF and 1 large 3 bed/2 bath owner unit which will be delivered vacant at the close of escrow. Each unit has a washer/dryer hookup. On-site garages provide for ample parking to tenants. With over 20% upside in rents as units turn over, property is an excellent long-term hold investment. Property is subject to LA city RENT CONTROL and Soft Story Retrofit ordinance.

Last Agent to Sell the Property

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 03/25/2019

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Stephen Lampe

Re/Max Commercial & Investment License #01164364

Last Buyer's Agent

Chandra Livingston

All Of Us Enterprises, Inc. License #01810924

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 7,293 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 6 Car Garage

Home Design

  • 6,310 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 11 / 49
  • Tax Tract Number 41
  • Assessor Parcel Number 7459003011

Community Details

Overview

  • 6 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Gardener Expense $720
  • Insurance Expense $2,500
  • Other Expense $1,500
  • Trash Expense $2,760
  • Water Sewer Expense $3,200
  • New Taxes Expense $20,281
  • Operating Expense $35,861
  • Gross Income $105,348
  • Net Operating Income $68,434

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.03
  • Property Attached: Yes
  • Water Sewer Expenses: 3200.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7459003011
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 253.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2760.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999, Walkstreet
  • Lot Size Sq Ft: 7293.00
  • Lot Size Acres: 0.1674

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 105348.00
  • Gross Multiplier: 16.14
  • Gross Scheduled Income: 105348.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7293.0000 Square Feet
  • Net Operating Income: 68434.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 35861.00
  • Other Expense: 1500.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 8779.00
  • Total Expenses: 35861.00

Tax Info

  • New Taxes Expense: 20281.00
  • Tax Block: 49
  • Tax Census Tract: 2970.00
  • Tax Lot: 11
  • Tax Tract Number: 41

Range of Values:

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List Price
Sold Price
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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
08/09/2019 08/09/19 Sold $1,600,000 -5.9% $254 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $1,700,000 -- $269 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Olga Wright

    Seller's Agent in 2019

    Olga Wright

    Lyon Stahl Investment Real Estate, Inc.

    (310) 425-9838

    26 in this area

    97 Total Sales

    Olga Wright
    Section Image
  • Stephen Lampe

    Seller Co-Listing Agent in 2019

    Stephen Lampe

    RE/MAX

    (310) 802-2500

    11 in this area

    42 Total Sales

    Stephen Lampe
    Section Image

  • C

    Buyer's Agent in 2019

    Chandra Livingston

    All Of Us Enterprises, Inc.

    (310) 988-8999

    2 in this area

    4 Total Sales

    Chandra Livingston
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19066844

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90732

1445 W 9th 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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