NOT LISTED FOR SALE

1942 S Garth Ave Los Angeles, CA 90034

Mid-City Neighborhood
14 Beds
10 Baths
6,456 Sq Ft
6,302 Sq Ft Lot

Last Sold December 21, 2016

Last sale price $1,300,000 $201 Per Sq Ft

26 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • 5 Attached Carport Spaces
  • Traditional Architecture
  • Laundry Room
  • Forced Air Heating System

About This Home

As of December 2016

Six unit apartment building consisting of 4 Three bedroom + two baths, 1 two bedroom + one bath and one bachelor unit. All legal units. The property has five tuck-under secured parking spaces accessed from the rear alley. There are storage cabinets at the rear of the building. A laundry room provides additional income. All of the units are separately metered for gas and electricity except for the bachelor unit.
The property is located just north of the 10 Freeway and two blocks west of La Cienega Blvd, conveniently located to Culver City, Beverly Hills, Los Angeles and the Beach Cities. Kaiser Permanente Hospital is within a short walk and public transportation is easily accessible.
Building can also be purchased with 1945 S Garth, 14 Unit Apt building, directly across the street.
See Supplement-Executive Summary

Last Agent to Sell the Property

Marcia Lambert

Tower-60 License #00923992 Listed on: 09/01/2016

Co-Listed By

Mark Epstein

License #00820307

Last Buyer's Agent

Marcia Lambert

Tower-60 License #00923992 Listed on: 09/01/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,302 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Home Design

  • 6,456 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • 5 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 332
  • Tax Tract Number 1250
  • Assessor Parcel Number 4302032014

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,038
  • Gardener Expense $720
  • Insurance Expense $3,228
  • Maintenance Expense $4,362
  • Trash Expense $1,624
  • Water Sewer Expense $2,842
  • New Taxes Expense $20,000
  • Gross Income $83,808
  • Net Operating Income $45,383

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 2.84
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Water Sewer Expenses: 2842.00
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4302032014
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 201.36

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Water Heater Central
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Trash Expense: 1624.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6302.00
  • Price Per Lot Square Foot: 253.89

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1210
  • Average3 Bed Area: 1210
  • Average Studio Area: 396
  • Electric Expense: 1038.00
  • Gross Income: 83808.00
  • Gross Multiplier: 19.28
  • Gross Scheduled Income: 82980.00
  • Insurance Expense: 3228.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 4362.00
  • Net Operating Income: 45383.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Disposal: 5
  • Number With Patio: 4
  • Operating Expense: 35108.00
  • Operating Expense Percent: 43.62
  • Rent Control: Yes
  • Total Actual Rent: 6915.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Lot: 332
  • Tax Tract Number: 1250

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 List to Sale Price per Sq Ft
12/21/2016 12/21/16 Sold $1,300,000 -18.8% $201 / Sq Ft
09/27/2016 09/27/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $1,600,000 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marcia Lambert

    Seller's Agent in 2016

    Marcia Lambert

    Tower-60

    (310) 365-1887

    10 Total Sales

    Marcia Lambert
    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Mark Epstein

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16193316

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90034 Mid-City

1942 S Garth Ave, Los Angeles, CA

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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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