NOT LISTED FOR SALE
9 Beds
6 Baths
4,922 Sq Ft
6,760 Sq Ft Lot

Last Sold January 29, 2020

Last sale price $1,100,000 $223 Per Sq Ft

12 Days on Market

About This Home

As of January 2020

This spacious six-unit asset is located in the heart of South Los Angeles Manchester Square neighborhood has one 3-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and four 1-bedroom/1-bath units. The units feature carpet, hardwood floors, separate utility meters, spacious layouts, and beautiful landscaping. Below market rents allow for a very achievable market cap at 6.97% CAP. Situated within minutes from the $2.6 billion Los Angeles NFL Stadium. The stadium is already expected to host the Super Bowl in 2022 and the Summer Olympics in 2028.

Last Agent to Sell the Property

James Daughrity, SOIR

Daughrity Real Estate License #01958394 Listed on: 01/01/2020

Last Buyer's Agent

James Daughrity, SOIR

Daughrity Real Estate License #01958394 Listed on: 01/01/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,760

Interior Spaces

  • 4,922 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Additional Features

  • 6,760 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 6034-002-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4922
  • Price Per Unit: 191667.00
  • Probate: No
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 233.64

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 93981
  • Assessed Land Value: 25323
  • Assessor Parcel Number: 6034-002-023
  • Geocode Override: No
  • Lot Size Area: 6760

Rental Info

  • Total Actual Rent: 76319.00
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.07
  • Number Of Units: 6
  • Total Annual Expense: 26069
  • Type Of Units: Apartments
  • Vacancy Rate: 16.7

Range of Values:

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Average Value
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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 Change Sq Ft Price
01/29/2020 01/29/20 Sold $1,100,000 -4.3% $223 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
01/01/2020 01/01/20 For Sale $1,150,000 -- $234 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-539336

The MLS