$1,540,000
SOLD JUN 6, 2025
-- Bed
1 Bath
7,400 Sq Ft
5,150 Sq Ft Lot

Recently Sold

$208 Per Sq Ft

18% Below List Price

17 Days on Market

About This Home

As of June 2025

Discover this rare investment opportunity in the heart of Historic South Central Los Angeles, featuring 22 studio units and 2 commercial spaces.With a remarkably low cost of just $78,125 per unit, this property presents exceptional value. Offering a total of 7,400 SF of buildingspace on a 5,150 SF lot, it boasts a solid 6.04% current CAP rate with incredible upside potential, including an 12.83% market CAP and a 4.96market GRM. Conveniently located near the 110 and 10 Freeways, USC, and the vibrant DTLA Arts District, this property’s prime location enhances its tenant appeal. With its strong rental upside and unmatched price per unit, this is an outstanding opportunity to invest in a high-demand, rapidly growing area!

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 02/10/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,031

Year Built

  • Built in 1905

Lot Details

  • 5,150 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1 Bathroom
  • 7,400 Sq Ft Home
  • 2-Story Property

Listing and Financial Details

  • Legal Lot and Block 23 / R
  • Tax Tract Number 1
  • Assessor Parcel Number 5131008014
  • $904 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 24 Units

Recreation

  • Bike Trail

Building Details

  • 24 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $11,527
  • Maintenance Expense $14,470
  • Other Expense $42,272
  • Pest Control $451
  • Professional Management Expense $22,868
  • New Taxes Expense $25,745
  • Operating Expense $118,534
  • Gross Income $243,927
  • Net Operating Income $113,197

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,031

Year Built

Built in 1905

Lot Details

0

Listing Details

  • CapRate: 6.04
  • Price Per Unit: 78125
  • Professional Management Expense: 22868.00
  • Property Attached: Yes
  • Zoning: LAC1
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5131008014
  • Year Built: 1905
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 208.11

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Pest Control Expense: 451.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5150.00
  • Lot Size Acres: 0.1182

Multi Family

  • Gross Income: 243927.00
  • Gross Multiplier: 7.69
  • Gross Operating Income: 231731.00
  • Gross Scheduled Income: 243927.00
  • Insurance Expense: 11527.00
  • Lot Size Area: 5150.0000 Square Feet
  • Maintenance Expense: 14470.00
  • Net Operating Income: 113197.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 24
  • Number Of Units Total: 24
  • Operating Expense: 118534.00
  • Operating Expense Percent: 49.00
  • Other Expense: 42272.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 19621.00
  • Total Expenses: 118534.00
  • Vacancy Allowance: 12196
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 25745.00
  • Tax Block: R
  • Tax Census Tract: 2260.01
  • Tax Lot: 23
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 904.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Apr 8, 2025
Sold by
Plata Investments Llc
Bought by
Dara 1 Holdings Llc
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,875,000
Sold Price
$1,540,000
Premium/Discount to List
-$335,000
-17.87%
Views
6
Current Estimated Value
$2,086,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$546,897
Avg. Annual Appreciation
237.23%
Original Mortgage
$3,780,000
Interest Rate
6.81%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 20, 2003
Sold by
Adelsberger Alfred H P and Adelsberger Mari Anne
Bought by
Plata Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 1994
Sold by
Eisenstadt Benjamin and Eisenstadt Betty
Bought by
Adelsberger Alfred H P

Purchase Details

Closed on
May 27, 1994
Sold by
Benjamin Ryan Financial Inc
Bought by
Eisenstadt Benjamin
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,540,000 First American Title Company
Grant Deed $785,000 First American Title Co
Quit Claim Deed $310,000 --
Joint Tenancy Deed $80,426 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,780,000 Construction
Previous Owner $174,800 Commercial
Previous Owner $510,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Sold $1,540,000 -17.9% $208 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $1,875,000 -- $253 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,031 $1,116,092 $689,561 $426,531
2024 $14,031 $1,094,209 $676,041 $418,168
2023 $13,771 $1,072,755 $662,786 $409,969
2022 $13,150 $1,051,722 $649,791 $401,931
2021 $12,953 $1,031,100 $637,050 $394,050
2019 $13,846 $1,000,518 $618,155 $382,363
2018 $13,718 $980,901 $606,035 $374,866
2016 $13,071 $942,812 $582,502 $360,310
2015 $11,672 $928,651 $573,753 $354,898
2014 $11,733 $910,461 $562,514 $347,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25011289

California Regional Multiple Listing Service (CRMLS)

APN: 5131-008-014