NOT LISTED FOR SALE

1817 S Longwood Ave Los Angeles, CA 90019

Mid-City Neighborhood
5 Beds
2 Baths
4,804 Sq Ft
6,195 Sq Ft Lot

Last Sold January 03, 2013

Last sale price $736,250 $153 Per Sq Ft

16 Days on Market

About This Home

As of January 2013

The subject property offers an investor the rare opportunity to acquire a bank REO property in the Mid-City area of Los Angeles. Residents have easy access to the 10, 405, 110 and all Los Angeles County freeways. Three of the five rents at the property are very low, giving a buyer the potential to substantially increase rents over time. The property must be purchased ALL CASH and is sold as-is without any credits or repairs. Public records show a differing bedroom count. Buyer to make their own investigations and broker/seller make no representations regarding any information.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 12/03/2012

Last Buyer's Agent

Out of Area Out of Area

Out of Area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,195

Home Design

  • 4,804 Sq Ft Home
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 10 Parking Spaces
  • 5 Carport Spaces
  • On-Street Parking

Additional Features

  • 6,195 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 5067011012

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,441
  • Maintenance Expense $4,018
  • Other Expense $500
  • Trash Expense $3,603
  • Water Sewer Expense $3,603
  • New Taxes Expense $10,581
  • Gross Income $5,580
  • Net Operating Income $39,386

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.08
  • View: No
  • Water Sewer Expenses: 3603.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 5067011012
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 153.26

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: No
  • Parking Features: Carport, Street
  • Total Parking Spaces: 10.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 3603.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6195.00
  • Lot Size Acres: 0.1420

Multi Family

  • Gross Income: 5580.00
  • Gross Multiplier: 11.57
  • Gross Scheduled Income: 66960.00
  • Insurance Expense: 1441.00
  • Maintenance Expense: 4018.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 39386.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 24226.00
  • Operating Expense Percent: 36.00
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 10581.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
01/03/2013 01/03/13 Sold $736,250 -5.0% $153 / Sq Ft
12/19/2012 12/19/12 Pending -- -- --
12/03/2012 12/03/12 For Sale $775,000 -- $161 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2013

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    31 Total Sales

    Doug Rodermund
    Section Image

  • O

    Buyer's Agent in 2013

    Out of Area Out of Area

    Out of Area

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P842478

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90019 Mid-City

1817 S Longwood Ave, Los Angeles, CA

Not Listed for Sale

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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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