NOT LISTED FOR SALE

1907 S Longwood Ave Los Angeles, CA 90016

Mid-City Neighborhood
6 Beds
9 Baths
4,506 Sq Ft
6,602 Sq Ft Lot

Last Sold February 06, 2020

Last sale price $1,416,000 $314 Per Sq Ft

79 Days on Market

About This Home

As of February 2020

Major price reduction on this 7 unit investment opportunity in a charming Mid-City neighborhood. This property uniquely features a lovely Spanish Hacienda style 3 Bed/2.5 Bath front house/owners unit, and a detached building that is separated by a courtyard from the house with (2) 1 Bed/1 Bath units and (4) Singles for 7 total units. The property perimeter is completely gated for tenant security. The owners 3 Bed/2.5 Bath house and one of the 1 Bed/1 Bath units will be delivered vacant for the new owner. There is a garage in the front and (4) four in the back for a total of (6) six garages. All garages except for (1) one will be delivered vacant for the new owner to increase revenue. There is a vacant on-site laundry room with washer & dryer hookups. The property is separately metered for both gas & electricity. The property has the highly desirable LAC2 zoning which offers a myriad of adaptive re-use options for the future. All current rents can be raised 4% in January of 2020.

Last Agent to Sell the Property

Keith Moret

Lyon Stahl Investment Real Estate, Inc. License #01802527 Listed on: 10/01/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Keith Moret

Keller Williams Beach Cities License #01802527

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,602

Parking

  • 6 Car Garage

Interior Spaces

  • 4,506 Sq Ft Home
  • 2-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 9 Bathrooms

Additional Features

  • Shed
  • 6,602 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5062-002-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4506
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 9.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 349.53

Exterior Features

  • Other Structures: Shed(s)
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 6

Utilities

  • Heating: Wall Gas
  • Water Expense: 3820.00

Fee Information

  • Gas Expense: 1200.00
  • Insurance Expense: 3875.00
  • Maintenance Expense: 6002.00
  • Other Expense: 897.00

Lot Info

  • Assessed Improvement Value: 176618
  • Assessed Land Value: 588745
  • Assessor Parcel Number: 5062-002-028
  • Geocode Override: No
  • Lot Size Area: 6602

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 13.29
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 39642
  • Type Of Units: Residential
  • Vacancy Rate: 25 %

Tax Info

  • Tax Expense: 18495.00

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
02/06/2020 02/06/20 Sold $1,416,000 -10.1% $314 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $1,575,000 0.0% $350 / Sq Ft
12/12/2019 12/12/19 Price Changed $1,575,000 +11.2% $350 / Sq Ft
12/01/2019 12/01/19 Pending -- -- --
11/30/2019 11/30/19 Off Market $1,416,000 -- --
11/19/2019 11/19/19 For Sale $1,625,000 0.0% $361 / Sq Ft
11/19/2019 11/19/19 Price Changed $1,625,000 -3.8% $361 / Sq Ft
11/07/2019 11/07/19 Pending -- -- --
10/30/2019 10/30/19 Price Changed $1,690,000 -2.9% $375 / Sq Ft
10/22/2019 10/22/19 For Sale $1,740,000 0.0% $386 / Sq Ft
10/11/2019 10/11/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $1,740,000 -- $386 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Keith Moret

    Seller's Agent in 2020

    Keith Moret

    Lyon Stahl Investment Real Estate, Inc.

    (310) 617-2240

    6 in this area

    26 Total Sales

    Keith Moret
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Map

Source: The MLS

MLS Number: 19-517926

The MLS
California Los Angeles County Los Angeles 90016 Mid-City

1907 S Longwood Ave, Los Angeles, CA

This home is located at 1907 S Longwood Ave, Los Angeles, CA 90016 since 01 October 2019. This property was built in 1948. 1907 S Longwood Ave is a home located in Los Angeles County with nearby schools including Alta Loma Elementary, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior High School.

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