NOT LISTED FOR SALE
14 Beds
8 Baths
6,257 Sq Ft
8,900 Sq Ft Lot

Last Sold October 29, 2015

Last sale price $1,125,000 $180 Per Sq Ft

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Laundry Room
  • Fireplace in Bathroom
  • No HOA
  • Central Heating and Cooling System

About This Home

As of October 2015

8 Unit Building: Located in a non-rent controlled area between Denker and Normandie in the County strip / section of Los Angeles.
Major UPGRADES: Over $ 300,000. in improvements by Owner and by the Airport utility: New Windows, New Doors, New Electric and Copper Plumbing. New HVAC forced air and heat. Half of the units have new bamboo hardwood flooring.

Unit mix consists of: Six Units --two bedrooms and one bathroom, Two Units --- one bedroom and one bathroom. Laundry Room /

Building: 6257 SF
Annual gross income: 108,000.
Operating Expenses: 20,227.
Net Operating INCOME: 87,773.

MAJOR UPGRADES -- WELL MAINTAINED ---
NO RENT CONTROL -- FULLY RENTED---
STRONG RENTS-- LOW EXPENSES--

GREAT OPPORTUNITY TURN KEY BUILDING -- PRIDE OF OWNERSHIP --

PLEASE DO NOT WALK THE PROPERTY OR DISTURB THE TENANTS -- CALL FOR AN APPOINTMENT TO PREVIEW --

Last Agent to Sell the Property

steve salke

United Property Network License #01307437 Listed on: 10/02/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,900 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • 6,257 Sq Ft Home

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 14 Bedrooms
  • All Bedrooms Down
  • 8 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 3002
  • Assessor Parcel Number 6059025020

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $600
  • Insurance Expense $2,567
  • Trash Expense $1,572
  • Water Sewer Expense $2,850
  • New Taxes Expense $8,970
  • Operating Expense $20,227
  • Gross Income $9,000
  • Net Operating Income $87,773

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 213-200-3724
  • Property Attached: No
  • Water Sewer Expenses: 2850.00
  • Property Type: Residential Income
  • Parcel Number: 6059025020
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Bath
  • Levels: Two
  • Price Per Square Foot: 179.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area
  • Trash Expense: 1572.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Storm Drains

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street, Paved
  • Lot Size Sq Ft: 8900.00
  • Price Per Lot Square Foot: 126.40
  • Lot Size Acres: 0.2040

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 9000.00
  • Gross Scheduled Income: 108000.00
  • Insurance Expense: 2567.00
  • Lot Size Area: 8900.0000 Square Feet
  • Net Operating Income: 87773.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 20227.00
  • Rent Control: No
  • Total Expenses: 20227.00

Tax Info

  • New Taxes Expense: 8970.00
  • Tax Lot: 45
  • Tax Tract Number: 3002

Range of Values:

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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 Change Sq Ft Price
10/29/2015 10/29/15 Sold $1,125,000 -6.3% $180 / Sq Ft
10/02/2015 10/02/15 For Sale $1,200,000 -- $192 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
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: SR15175486

California Regional Multiple Listing Service (CRMLS)