Seller's Agent in 2018
Justin McCardle
Growth Investment Group Pasade
(626) 594-4901
1 in this area
27 Total Sales
1684 Murchison St Los Angeles, CA 90033
3
Beds
2
Baths
12,052
Sq Ft
0.34
Acres
Highlights
- 14,871 Sq Ft lot
- Abraham Lincoln High School Rated A
- Corner Lot
About This Home
As of March 2018The Growth Investment Group, and Sperry Van Ness are pleased to present Murchison Apartments, a Mid 60’s construction 18 unit apartment building, with a very desirable unit mix of 14- 2’s and 4- 1’s! The property has nice curb appeal, with inviting landscaping and is just awaiting a value add buyer to add some capital improvements to seize the upside potential of the asset. This building has secured parking and gated entry, and just requires a new owner experienced in these types of opportunities as well as Los Angeles Rent Control. There is an estimated 31% upside in
Rents, giving the new owner to achieve market rents aggressively, or over time with a stable asset as properties in Los Angeles continue to appreciate in Value. This is a good opportunity for any size investor whether looking to exchange into something larger, or add to your LA RE Portfolio.
Last Agent to Sell the Property
Growth Investment Group Pasade License #01895720 Listed on: 12/06/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
- Corner Lot
Home Design
- 12,052 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 1
- Tax Tract Number 3
- Assessor Parcel Number 5202023001
Community Details
Overview
- 18 Units
Building Details
- Rent Control
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,400
- Fuel Expense $3,953
- Insurance Expense $4,400
- Professional Management Expense $6,000
- Trash Expense $3,467
- Water Sewer Expense $20,094
- New Taxes Expense $38,065
- Operating Expense $90,403
- Gross Income $17,104
- Net Operating Income $127,390
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/09/2018 03/09/18 | Sold | $2,988,000 | -2.6% | $248 / Sq Ft |
| 01/12/2018 01/12/18 | Pending | -- | -- | -- |
| 12/06/2017 12/06/17 | For Sale | $3,069,000 | +32.0% | $255 / Sq Ft |
| 10/26/2015 10/26/15 | Sold | $2,325,000 | -1.7% | $193 / Sq Ft |
| 08/24/2015 08/24/15 | Pending | -- | -- | -- |
| 07/27/2015 07/27/15 | For Sale | $2,365,000 | -- | $196 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Buyer's Agent in 2018
Enrique Viramontes
RE/MAX
(213) 233-4363
35 Total Sales
-
Seller's Agent in 2015
Rich Johns
KW Commercial Studio City
(818) 432-1575
33 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR17269977
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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