NOT LISTED FOR SALE

1634 260th St Los Angeles, CA 90710

12 Beds
10 Baths
8,874 Sq Ft
15,812 Sq Ft Lot

Last Sold December 30, 2021

Last sale price $2,550,000 $287 Per Sq Ft

11 Days on Market

Highlights

  • 0.36 Acre Lot
  • No HOA
  • Laundry Room

About This Home

As of December 2021

Incredible investment opportunity to own a well maintained 13 unit building just above the prime Harbor pines area of Harbor city. Featuring two-2 bedroom units, ten-1 bedroom units, and one - studio unit. Complex includes secured parking with 19 parking spots and community laundry leased with Inglewood Appliance service. Complex also includes a resident manager. Property is subject to Los Angeles City Rent Control. Please drive-by only, do not disturb tenants. Tenants pays electricity, owner pays gas/water/trash. Conveniently located close to shopping and freeway access.

Last Agent to Sell the Property

Nicole Pletkovich

Keller Williams Realty License #02015236 Listed on: 11/29/2021

Keller Williams Realty

Co-Listed By

Gordon Inman

Keller Williams Realty License #00446156

Last Buyer's Agent

John Katnik

BRC Advisors- BH License #02002695

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.36 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • 8,874 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room

Parking

  • 19 Open Parking Spaces
  • 19 Parking Spaces

Listing and Financial Details

  • Legal Lot and Block 6 / 129
  • Tax Tract Number 3555
  • Assessor Parcel Number 7411008059

Community Details

Overview

  • No Home Owners Association
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Leased Units
  • Rent Control
  • Electric Expense $1,033
  • Fuel Expense $3,846
  • Gardener Expense $1,060
  • Insurance Expense $4,078
  • Other Expense $1,067
  • Pest Control $200
  • Professional Management Expense $9,367
  • Trash Expense $6,849
  • Water Sewer Expense $6,860
  • New Taxes Expense $37,437
  • Operating Expense $71,777
  • Gross Income $164,940
  • Net Operating Income $93,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.36 Acres

Listing Details

  • CapRate: 3.11
  • Professional Management Expense: 9367.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6860.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1060.00
  • Parcel Number: 7411008059
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 287.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 19.00
  • Uncovered Spaces: 19.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 200.00
  • Sewer: Public Sewer
  • Trash Expense: 6849.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 15812.00
  • Lot Size Acres: 0.3630

Multi Family

  • Electric Expense: 1033.00
  • Fuel Expense: 3846.00
  • Gross Income: 164940.00
  • Gross Multiplier: 18.00
  • Gross Operating Income: 164940.00
  • Gross Scheduled Income: 164940.00
  • Insurance Expense: 4078.00
  • Laundry Income: 984.00
  • Lot Size Area: 15812.0000 Square Feet
  • Net Operating Income: 93163.00
  • Number Of Units Leased: 13
  • Number Of Units Total: 13
  • Operating Expense: 71777.00
  • Other Expense: 1067.00
  • Other Expense Description: RSO
  • Rent Control: Yes
  • Total Actual Rent: 13745.00
  • Total Expenses: 71777.00

Tax Info

  • New Taxes Expense: 37437.00
  • Tax Block: 129
  • Tax Census Tract: 2933.06
  • Tax Lot: 6
  • Tax Tract Number: 3555
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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
12/30/2021 12/30/21 Sold $2,550,000 -14.9% $287 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $2,995,000 -- $338 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $36,445 $2,706,080 $1,644,872 $1,061,208
2024 $35,315 $2,653,020 $1,612,620 $1,040,400
2023 $34,648 $2,601,000 $1,581,000 $1,020,000
2022 $33,122 $2,550,000 $1,550,000 $1,000,000
2021 $9,574 $525,520 $111,881 $413,639
2019 $9,339 $511,734 $108,563 $403,171
2018 $8,991 $501,736 $106,435 $395,301
2016 $8,480 $480,525 $102,303 $378,222
2015 $8,347 $473,308 $100,767 $372,541
2014 $8,102 $464,038 $98,794 $365,244
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV21256346

California Regional Multiple Listing Service (CRMLS)
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