NOT LISTED FOR SALE

245 E 130th St Los Angeles, CA 90061

16 Beds
8 Baths
5,040 Sq Ft
9,182 Sq Ft Lot

Last Sold October 26, 2021

Last sale price $1,975,000 $392 Per Sq Ft

91 Days on Market

Highlights

  • Contemporary Architecture
  • Detached Carport Space
  • South Facing Home

About This Home

As of October 2021

We are excited to present this cash flow building in the County Strip of Los Angeles. This eight unit complex boasts an excellent unit mix of all 2 bedroom - 1 bath apartments. The building was constructed in 1960 and contains 5,040 square feet. It is situated on a huge, 9,182 square foot lot that is zoned LCR1YY. The CPU and $/SF may seem a bit high but the income supports the price at $15,719 per month. The current GRM and CAP are very attractive at 10.86 and 6.07 respectively. Make all offers subject to inspection. Please do not walk on property or disturb tenants in any way.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 06/01/2021

Last Buyer's Agent

Charles McMillan

Charles McMillan License #01155797

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,182 Sq Ft Lot
  • Lot Dimensions are 38x238
  • South Facing Home

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,040 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Detached Carport Space

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 6130-005-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 5040
  • Lot Acreage: 0.2108
  • Lot Dimensions: 38x238
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 406.75

Exterior Features

  • Direction Faces: South
  • Other Structures: Other
  • View: No

Garage/Parking

  • Parking Garage: Carport Detached, Covered Parking
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 56.25
  • Assessed Improvement Value: 494520
  • Assessed Land Percent: 43.75
  • Assessed Land Value: 384625
  • Total Assessed Value: 879145
  • Assessor Parcel Number: 6130-005-019
  • Lot Size Area: 9182

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 10.86
  • Number Of Units: 8
  • Type Of Units: Apartment

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
10/26/2021 10/26/21 Sold $1,975,000 -3.7% $392 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
06/21/2021 06/21/21 Price Changed $2,050,000 -6.4% $407 / Sq Ft
06/01/2021 06/01/21 For Sale $2,190,000 -- $435 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2021

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    1 in this area

    30 Total Sales

    Jerome McAlpin
    Section Image
  • Charles McMillan

    Buyer's Agent in 2021

    Charles McMillan

    Charles McMillan

    (310) 508-3221

    1 in this area

    10 Total Sales

    Charles McMillan
    Section Image
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Map

Source: The MLS

MLS Number: 21-742180

The MLS
California Los Angeles County Los Angeles 90061

245 E 130th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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