$1,145,000
$50K PRICE DROP

Estimated payment $7,388/month

Total Views 10,455
3 Beds
2 Baths
3,250 Sq Ft
$352 Price per Sq Ft

Highlights

  • Craftsman Architecture
  • Tile Flooring
  • East Facing Home
  • No HOA
  • Wrought Iron Fence
  • Rectangular Lot

About This Home

8,920 square foot lot with 4-unit MFR structure to be delivered with plans in progress for 23 or 30 residential unit layouts. Excellent location on a quiet residential street in the high demand Arlington Heights neighborhood of Mid-City Los Angeles. Developer-friendly parking configuration with 12 first level covered spaces and bike storage (no subterranean parking) in the 23 unit plans, or no required parking in the 30 unit plans. 4-Unit multi-family existing property allows for attractive purchase financing and there is an FHA loan in place for $1,000,000 @ 3.55% that may be assumable by the buyer.

Listing Agent

Anthony Walker

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 07/15/2025

Co-Listing Agent

Josh Ess

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,445

Year Built

  • Built in 1922

Lot Details

  • 8,923 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Rectangular Lot

Home Design

  • Craftsman Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Shared Driveway

Location

  • Suburban Location

Utilities

  • No Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 96
  • Tax Tract Number 221
  • Assessor Parcel Number 5073015018
  • $656 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $720
  • Fuel Expense $720
  • Gardener Expense $1,800
  • Insurance Expense $5,374
  • Maintenance Expense $4,788
  • Pest Control $1,200
  • Professional Management Expense $5,746
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $14,938
  • Operating Expense $37,539
  • Gross Income $100,800
  • Net Operating Income $58,221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,445

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.08
  • Price Per Unit: 286250
  • Professional Management Expense: 5746.00
  • Property Attached: Yes
  • Road Frontage Type: Access Road
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 720.00
  • Zoning: LAR3
  • Architectural Style: Craftsman
  • Property Condition: Fixer
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5073015018
  • Year Built: 1922
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Appliances: No
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 352.31

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Shared Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: No
  • Laundry: No
  • Electric: Standard
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 8923.00
  • Lot Size Acres: 0.2048

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 720.00
  • Fuel Expense: 720.00
  • Gross Income: 100800.00
  • Gross Multiplier: 11.35
  • Gross Operating Income: 95760.00
  • Gross Scheduled Income: 100800.00
  • Insurance Expense: 5374.00
  • Lot Size Area: 8923.0000 Square Feet
  • Maintenance Expense: 4788.00
  • Net Operating Income: 58221.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 37539.00
  • Rent Control: Yes
  • Total Expenses: 37539.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 14938.00
  • Tax Census Tract: 2213.02
  • Tax Lot: 96
  • Tax Tract Number: 221...
  • TaxOtherAnnualAssessmentAmount: 656.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $15,445 $1,257,689 $820,233 $437,456
2024 $15,445 $1,233,029 $804,150 $428,879
2023 $15,155 $1,208,853 $788,383 $420,470
2022 $14,466 $1,185,151 $772,925 $412,226
2021 $14,281 $1,161,914 $757,770 $404,144
2020 $3,911 $274,028 $207,985 $66,043
2019 $3,777 $268,656 $203,907 $64,749
2018 $3,601 $263,389 $199,909 $63,480
2016 $3,419 $253,164 $192,148 $61,016
2015 $3,374 $249,362 $189,262 $60,100
2014 $3,415 $244,478 $185,555 $58,923
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Price Changed $1,145,000 -4.2% $352 / Sq Ft
07/15/2025 07/15/25 For Sale $1,195,000 +3.9% $368 / Sq Ft
01/31/2020 01/31/20 Sold $1,150,000 0.0% $354 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $1,150,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,150,000 Westminster Title Company
Interfamily Deed Transfer -- Westminster Title Company
Interfamily Deed Transfer -- Ticor Title Co
Interfamily Deed Transfer -- Fidelity Title
Grant Deed $195,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $44,646 FHA
Open $1,129,170 FHA
Previous Owner $248,561 New Conventional
Previous Owner $285,000 Unknown
Previous Owner $181,500 Purchase Money Mortgage
Previous Owner $175,500 No Value Available
Previous Owner $175,500 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25159203

California Regional Multiple Listing Service (CRMLS)

APN: 5073-015-018