1566 E 106th St Los Angeles, CA 90002
Watts NeighborhoodEstimated payment $7,630/month
Highlights
- Contemporary Architecture
- Solar owned by seller
- Central Heating
- No HOA
- Laundry Room
- Wood Fence
About This Home
This stunning property, built in 2022, boasts a remarkable scheduled income of $8,000 per month, making it a lucrative investment opportunity. Each unit is thoughtfully designed with 5 spacious bedrooms and 3 modern bathrooms, encompassing approximately 1,850 square feet of living space. Residents will enjoy the luxury of their own primary suite, complete with an interior laundry room and an attached garage, ensuring convenience and comfort. The property features central heating and is equipped with separate electric, gas, and water meters for each unit, allowing tenants to manage their own utilities effortlessly. An owned solar system adds to the energy efficiency and sustainability of the property. With no rent controls in place and professional management ensuring low maintenance, this investment not only promises stability but also presents great upside potential for future growth. Don't miss the chance to capitalize on this exceptional opportunity!
Listing Agent
KELLER WILLIAMS REALTY Brokerage Email: coletteleech@gmail.com License #00899555 Listed on: 11/14/2025
Co-Listing Agent
KELLER WILLIAMS REALTY Brokerage Email: coletteleech@gmail.com License #01716779
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,025
Year Built
- Built in 2022
Lot Details
- 5,199 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
Home Design
- Duplex
- Contemporary Architecture
- Entry on the 1st floor
- Composition Roof
- Stucco
Interior Spaces
- 3,715 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Eco-Friendly Details
- Solar owned by seller
Utilities
- Central Heating
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 107
- Assessor Parcel Number 6065015028
- $89 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,920
- Professional Management Expense $5,160
- New Taxes Expense $15,025
- Operating Expense $22,260
- Net Operating Income $73,740
Map
Home Values in the Area
Average Home Value in this Area
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 | $15,025 | $1,222,470 | $520,200 | $702,270 |
| 2024 | $15,025 | $1,198,500 | $510,000 | $688,500 |
| 2023 | $4,114 | $335,580 | $335,580 | $0 |
| 2022 | $3,919 | $329,000 | $329,000 | $0 |
| 2021 | $204 | $10,163 | $10,163 | $0 |
| 2019 | $198 | $9,862 | $9,862 | $0 |
| 2018 | $178 | $9,669 | $9,669 | $0 |
| 2016 | $169 | $9,295 | $9,295 | $0 |
| 2015 | $167 | $9,156 | $9,156 | $0 |
| 2014 | $169 | $8,977 | $8,977 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $1,210,000 | +3.0% | $326 / Sq Ft | |
| 10/25/2022 10/25/22 | Off Market | $1,175,000 | -- | -- | |
| 10/25/2022 10/25/22 | For Sale | $1,175,000 | 0.0% | $316 / Sq Ft | |
| 10/24/2022 10/24/22 | Sold | $1,175,000 | +256.9% | $316 / Sq Ft | View Prior Sale |
| 11/19/2021 11/19/21 | Sold | $329,250 | +19.7% | -- | View Prior Sale |
| 03/22/2021 03/22/21 | Pending | -- | -- | -- | |
| 02/24/2021 02/24/21 | For Sale | $275,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Lawyers Title | |
| Grant Deed | $1,175,000 | Lawyers Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $881,250 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25260577
APN: 6065-015-028
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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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