NOT LISTED FOR SALE
8 Beds
10 Baths
4,599 Sq Ft
0.35 Acres

Last Sold April 24, 2019

Last sale price $1,675,000 $364 Per Sq Ft

137 Days on Market

Highlights

  • 0.35 Acre Lot
  • Property is near a park
  • Rectangular Lot
  • Abraham Lincoln High School Rated A

About This Home

As of April 2019

***10 UNIT SINGLE STORY APARTMENT PROPERTY - 4,599 sq ft on a 15,028 sq foot lot in a desirable & thriving Lincoln Heights neighborhood. The property features 5 well maintained buildings, the first building has a 3 bedroom one bath home, 2nd building features 4 studios each have their own kitchen and bath, the 3rd building has 3 units each contain 1 bedroom 1 bath, the 4th building has 1 bedroom 1 bath, as well as the 5th building is a 1 bedroom 1 bath. 4 units have been completely remodeled. Three buildings have a newer roof, motion lighting on fascia above each unit and All the units have separate gas & electric meters. The Property features tenant private parking onsite. The property is centrally located, close to public transportation, walking distance to Lincoln Park, a short commute to Downtown LA, USC Medical Ctr., Dodger Stadium and much more! It has an easy access to major freeways. Neighboring Cities are Pasadena, Glendale, & Burbank. The property offers an excellent income and has plenty of upside potential on rents! Please Do Not Disturb Occupants!***

Last Agent to Sell the Property

Maritza Jimenez

Landmark Property Management License #01861444 Listed on: 10/11/2018

Last Buyer's Agent

Maritza Jimenez

Landmark Property Management License #01861444 Listed on: 10/11/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 0.35 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Density is 6-10 Units/Acre

Home Design

  • 4,599 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Bathrooms

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces
  • Parking Available
  • Private Parking
  • Driveway Level
  • Parking Permit Required

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, parking fee, telephone, trash collection
  • Tax Lot 6
  • Tax Tract Number 1991
  • Assessor Parcel Number 5211011012

Community Details

Overview

  • 5 Buildings
  • 10 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,245
  • Water Sewer Expense $4,800
  • New Taxes Expense $17,325
  • Operating Expense $25,370
  • Gross Income $93,516
  • Net Operating Income $68,146

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5211011012
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 364.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, Driveway Level, On Site, Permit Required, Private
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 11.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Rectangular Lot, Park Nearby, Paved
  • Lot Size Sq Ft: 15028.00
  • Lot Size Acres: 0.3450

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Parking Fee, Telephone, Trash Collection

Multi Family

  • Gross Income: 93516.00
  • Gross Scheduled Income: 93516.00
  • Insurance Expense: 3245.00
  • Lot Size Area: 15028.0000 Square Feet
  • Net Operating Income: 68146.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 10
  • Operating Expense: 25370.00
  • Other Income1: 50.00
  • Other Income Description: Parking
  • Rent Control: Yes
  • Total Actual Rent: 7793.00
  • Total Expenses: 25370.00

Tax Info

  • New Taxes Expense: 17325.00
  • Tax Census Tract: 1991.20
  • Tax Lot: 6
  • Tax Tract Number: 1991.2

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
04/24/2019 04/24/19 Sold $1,675,000 0.0% $364 / Sq Ft
12/18/2018 12/18/18 Off Market $1,675,000 -- --
10/25/2018 10/25/18 Price Changed $1,700,000 +7.9% $370 / Sq Ft
10/25/2018 10/25/18 For Sale $1,575,000 -6.0% $342 / Sq Ft
10/18/2018 10/18/18 Off Market $1,675,000 -- --
10/11/2018 10/11/18 For Sale $1,575,000 -- $342 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18247425

California Regional Multiple Listing Service (CRMLS)