NOT LISTED FOR SALE
16 Beds
16 Baths
7,000 Sq Ft
7,425 Sq Ft Lot Lot

Sale Details

Date Sold: November 7, 2024

Last sale price $1,050,000 $150 Per Sq Ft

95 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Laundry Room
  • French Architecture
  • Cooling System Mounted To A Wall/Window
  • Wrought Iron Fence

About This Home

As of November 2024

ON SITE PARKING! (1 space included with rent, 2nd space available +$100/mo). Remodeled 3bd/2ba + 2 Full Bathrooms + In-Unit Washer/Dryer Hookups. Central near DTLA location with easy freeway access and only 5 minutes from USC Medical, Crypto Arena, LA Live, Walt Disney Concert Hall, The Broad Museum, MOCA, The Grammy Museum, Historic Broadway Theaters, Grand Central Market, Angels Flight Railway, Union Station, The Last Bookstore, Fashion District, Arts District, Little Tokyo, and Chinatown. Quiet clean street well maintained and friendly neighbors. Building and grounds are kept clean and safe.

Owner pays for water. No smoking on premises.

Last Agent to Sell the Property

Andrew Loeffler

Re/Max Premier Prop SanMarino Brokerage Phone: 951-741-0002 License #01193598 Listed on: 07/08/2024

Re/Max Premier Prop SanMarino

Co-Listed By

Peter Loeffler

RE/MAX PREMIER/SANMARINO Brokerage Phone: 951-741-0002 License #00913919

Last Buyer's Agent

Andrew Loeffler

Re/Max Premier Prop SanMarino Brokerage Phone: 951-741-0002 License #01193598 Listed on: 07/08/2024

Re/Max Premier Prop SanMarino

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 7,425 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Fence is in good condition
  • Level Lot

Home Design

  • French Architecture
  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 7,000 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Septic Type Unknown

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4,6 / D
  • Assessor Parcel Number 5183011024
  • $1,267 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,140
  • Fuel Expense $2,094
  • Insurance Expense $9,000
  • Maintenance Expense $1,000
  • Water Sewer Expense $4,320
  • New Taxes Expense $14,938
  • Operating Expense $32,492
  • Gross Income $91,558
  • Net Operating Income $59,066

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

7,425 Sq Ft Lot

Listing Details

  • CapRate: 4.12
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • View: No
  • Water Sewer Expenses: 4320.00
  • Zoning: LARD2
  • Architectural Style: French
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5183011024
  • Year Built: 1968
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 150.00

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Sewer: Unknown
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Level, Near Public Transit
  • Lot Size Sq Ft: 7425.00
  • Lot Size Acres: 0.1705

Rental Info

  • Tenant Pays: Electricity, Gas, Other

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Electric Expense: 1140.00
  • Fuel Expense: 2094.00
  • Gross Income: 91558.00
  • Gross Multiplier: 15.23
  • Gross Operating Income: 91548.00
  • Gross Scheduled Income: 91558.00
  • Insurance Expense: 9000.00
  • Lot Size Area: 7425.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 59066.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 32492.00
  • Rent Control: Yes
  • Total Actual Rent: 91558.00
  • Total Expenses: 32492.00

Tax Info

  • New Taxes Expense: 14938.00
  • Tax Block: D
  • Tax Census Tract: 2044.10
  • Tax Lot: 4,6
  • TaxOtherAnnualAssessmentAmount: 1267.00
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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
04/05/2026 04/05/26 Off Market $2,845 -- --
12/11/2025 12/11/25 For Rent $2,845 0.0% --
11/07/2024 11/07/24 Sold $1,050,000 -12.1% $150 / Sq Ft
10/07/2024 10/07/24 Price Changed $1,195,000 -7.7% $171 / Sq Ft
09/09/2024 09/09/24 Price Changed $1,295,000 -7.2% $185 / Sq Ft
08/13/2024 08/13/24 Price Changed $1,395,000 -6.7% $199 / Sq Ft
07/24/2024 07/24/24 Price Changed $1,495,000 -6.3% $214 / Sq Ft
07/08/2024 07/08/24 For Sale $1,595,000 -- $228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,792 $1,050,000 $350,000 $700,000
2024 $3,792 $210,023 $30,494 $179,529
2023 $3,742 $205,906 $29,897 $176,009
2022 $3,613 $201,869 $29,311 $172,558
2021 $3,533 $197,912 $28,737 $169,175
2020 $3,561 $196,284 $28,443 $167,841
2019 $3,466 $192,444 $27,886 $164,558
2018 $3,316 $188,680 $27,340 $161,340
2016 $3,066 $180,971 $26,279 $154,692
2015 $3,034 $178,254 $25,885 $152,369
2014 $3,098 $174,763 $25,378 $149,385
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24135453

California Regional Multiple Listing Service (CRMLS)
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