NOT LISTED FOR SALE
8 Beds
6 Baths
4,382 Sq Ft
5,268 Sq Ft Lot

Last Sold May 03, 2024

Last sale price $1,000,000 $228 Per Sq Ft

5 Days on Market

Highlights

  • Bike Trail
  • Carpet
  • Wall Furnace
  • Block Wall Fence

About This Home

As of May 2024

Location, location, location! The Adams Blvd area has many new restaurants, coffee shops, offices etc. This is an upcoming area and now is the time to be a part of this great progressive area of Los Angeles. The property offers convenient access to downtown LA, Culver City and the 10 Freeway. The property shows as 5 units; 2 - 1 bedroom/1 bath units, 2 - 2 bedroom/1 bath, 1 - 3 bedroom/2 bath. Carport with 6 spaces. Earthquake retrofit has been completed. The property will be sold "AS-IS" with current tenants in place. Buyer to do their own due diligence and verify all info. This is a must see!

Last Listed By

Shaune Lacy

West Shores Realty, Inc. License #01058339 Listed on: 02/16/2024

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 5,268 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,382 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 53
  • Tax Tract Number 5565
  • Assessor Parcel Number 5043001029
  • $996 per year additional tax assessments

Community Details

Overview

  • 5 Units

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $3,288
  • Other Expense $2,100
  • Trash Expense $3,840
  • Water Sewer Expense $1,000
  • Operating Expense $11,228
  • Net Operating Income $28,725

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Price Per Unit: 299800
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1000.00
  • Zoning: LARD1.5
  • Property Condition: Fixer, Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5043001029
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 228.21

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No
  • Construction Materials: Plaster

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 3840.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5268.00
  • Lot Size Acres: 0.1209

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 775 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Electric Expense: 1000.00
  • Gross Scheduled Income: 45336.00
  • Insurance Expense: 3288.00
  • Lot Size Area: 5268.0000 Square Feet
  • Net Operating Income: 28725.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 16611.00
  • Other Expense: 2100.00
  • Other Expense Description: LA Housi
  • Rent Control: Yes
  • Total Expenses: 11228.00
  • Vacancy Allowance: 33600

Tax Info

  • Tax Census Tract: 2199.01
  • Tax Lot: 53
  • Tax Tract Number: 5565
  • TaxOtherAnnualAssessmentAmount: 996.00

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
05/03/2024 05/03/24 Sold $1,000,000 -33.3% $228 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $1,499,000 -- $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: IN24032864

California Regional Multiple Listing Service (CRMLS)