NOT LISTED FOR SALE

1740 W 49th St Los Angeles, CA 90062

Vermont Square Neighborhood
8 Beds
5 Baths
3,895 Sq Ft
7,499 Sq Ft Lot

Last Sold February 24, 2014

Last sale price $550,000 $141 Per Sq Ft

8 Days on Market

Highlights

  • No HOA
  • Wrought Iron Fence
  • Carpet
  • Two Homes on a Lot
  • Turnkey

About This Home

As of February 2014

Great investment opportunity. Motivated Seller. Five unit, six bath apartment complex occupying 2 separate buildings on one lot, separate meters. PLEASE DO NOT WALK ON TO PROPERTY OR DISCUSS THIS SALE WITH TENANTS.

Last Agent to Sell the Property

JUNE MONTAGUE

RE/MAX CHAMPIONS License #01369825 Listed on: 01/20/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 7,499 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Fence is in excellent condition

Parking

  • 4 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Property Attached
  • Turnkey
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 3,895 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 12 / 2
  • Tax Tract Number 2324
  • Assessor Parcel Number 5016026011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Gardener Expense $720
  • Insurance Expense $5,224
  • Maintenance Expense $1,600
  • Professional Management Expense $1,200
  • Trash Expense $1,500
  • Water Sewer Expense $2,378
  • New Taxes Expense $1,270
  • Gross Income $5,270
  • Net Operating Income $50,486

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 8.86
  • Price Per Unit: 119800
  • Professional Management Expense: 1200.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Kendalls Berry Tract Lot 12
  • Water Sewer Expenses: 2378.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5016026011
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 141.21

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: Wrought Iron, Excellent Condition
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Size: 50X150 est.
  • Lot Size Sq Ft: 7499.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5270.00
  • Gross Multiplier: 9.97
  • Gross Scheduled Income: 63240.00
  • Gross Spendable Income: 63240.00
  • Insurance Expense: 5224.00
  • Lot Size Area: 7499.0000 Square Feet
  • Maintenance Expense: 1600.00
  • Net Operating Income: 50486.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 2
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 9592.00
  • Rent Control: Yes
  • Total Actual Rent: 6270.00

Tax Info

  • New Taxes Expense: 1270.00
  • Tax Area: 212
  • Tax Block: 2
  • Taxes Percent: 99.99
  • Tax Lot: 12
  • Tax Tract Number: 2324
  • Tax Year: 2012

Range of Values:

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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
02/24/2014 02/24/14 Sold $550,000 -8.2% $141 / Sq Ft
01/28/2014 01/28/14 Pending -- -- --
01/20/2014 01/20/14 For Sale $599,000 -- $154 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    JUNE MONTAGUE

    RE/MAX

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,842 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14016268

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90062 Vermont Square

1740 W 49th St, Los Angeles, CA

This home is located at 1740 W 49th St, Los Angeles, CA 90062 since 20 January 2014. This property was built in 1931. 1740 W 49th St is a home located in Los Angeles County with nearby schools including Western Avenue Technology Magnet, Angeles Mesa Elementary School, and Barack Obama Global Preparation Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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