$2,995,000

Estimated payment $19,314/month

Total Views 30,932
10 Beds
6 Baths
8,716 Sq Ft
$344 Price per Sq Ft

About This Home

The building has a mix of four (4) four-bedroom units and two (2) two-bedroom units. Four of the six units have been completely remodeled with brand new electrical, plumbing and mechanical. These units are also completely sub-metered for gas, electrical and water (RUBS - billed to tenants) resulting in an extremely low utility expense which is rare in the Los Angeles market. The four renovated units are fully leased by students for the 2024-2025 academic school year through the summer of 2025.

Listing Agent

Andres Diaz

KELLER WILLIAMS REALTY Brokerage Phone: 323-376-2469 Listed on: 04/23/2025

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 8,850 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 8,716 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Private Sewer

Listing and Financial Details

  • Tax Lot 65
  • Tax Tract Number 23
  • Assessor Parcel Number 5124031017
  • $1,370 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $8,718
  • Maintenance Expense $7,042
  • Professional Management Expense $11,268
  • New Taxes Expense $22,000
  • Operating Expense $51,128
  • Gross Income $281,688
  • Net Operating Income $223,910

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • CapRate: 7.48
  • Price Per Unit: 499167
  • Professional Management Expense: 11268.00
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5124031017
  • Year Built: 1909
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 343.62

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Private Sewer, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8850.00
  • Lot Size Acres: 0.2032
  • Latitude Manual: 34.03348800

Multi Family

  • Gross Income: 281688.00
  • Gross Multiplier: 10.96
  • Gross Scheduled Income: 281688.00
  • Insurance Expense: 8718.00
  • Lot Size Area: 8850.0000 Square Feet
  • Maintenance Expense: 7042.00
  • Net Operating Income: 223910.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 51128.00
  • Rent Control: Yes
  • Total Expenses: 51128.00

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Census Tract: 2244.20
  • Tax Lot: 65
  • Tax Tract Number: 23
  • TaxOtherAnnualAssessmentAmount: 1370.00

Map

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 Change Sq Ft Price
04/23/2025 04/23/25 For Sale $2,995,000 0.0% $344 / Sq Ft
09/16/2024 09/16/24 Price Changed $1,325 +33.2% $1 / Sq Ft
08/05/2024 08/05/24 Price Changed $995 -9.1% $1 / Sq Ft
08/02/2024 08/02/24 Price Changed $1,095 -4.4% $1 / Sq Ft
08/01/2024 08/01/24 Price Changed $1,145 +57.9% $1 / Sq Ft
07/25/2024 07/25/24 Price Changed $725 -36.7% $0 / Sq Ft
06/17/2024 06/17/24 Price Changed $1,145 -4.2% $1 / Sq Ft
06/15/2024 06/15/24 Price Changed $1,195 -4.0% $1 / Sq Ft
06/14/2024 06/14/24 For Rent $1,245 0.0% --
09/12/2023 09/12/23 Sold $1,625,000 -4.1% $186 / Sq Ft
08/29/2023 08/29/23 Pending -- -- --
08/02/2023 08/02/23 For Sale $1,695,000 0.0% $194 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
05/02/2023 05/02/23 Price Changed $1,695,000 -13.1% $194 / Sq Ft
04/10/2023 04/10/23 Price Changed $1,950,000 -11.2% $224 / Sq Ft
03/07/2023 03/07/23 For Sale $2,195,000 -- $252 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25089165

California Regional Multiple Listing Service (CRMLS)