$800,000
SOLD JAN 8, 2025
3 Beds
2 Baths
4,122 Sq Ft
7,202 Sq Ft Lot

Recently Sold

$194 Per Sq Ft

43% Below List Price

6 Days on Market

About This Home

As of January 2025

Discover a prime investment opportunity in the heart of West Adams with this well-maintained 6-unit multi-family apartment building. Spanning over 4,122 square feet on a spacious 7,200 square foot lot, this two-story property features a total of 8 bedrooms and 6 bathrooms, making it ideal for a variety of tenants.The building boasts a long driveway and a garage, providing ample parking and convenience. Residents will also appreciate the on-site laundry room, enhancing the appeal of this investment.
Situated in one of Los Angeles’ most desirable neighborhoods, you’re just moments away from iconic attractions like the Los Angeles Convention Center and Crypto.com Arena. West Adams is renowned for its vibrant community, rich history, and convenient access to public transport, dining, and entertainment options. This multi-family residence offers an attractive potential for steady rental income, making it a perfect addition to any investor's portfolio. Don’t miss your chance to capitalize on this thriving area with strong demand for rental properties. Schedule a viewing today and explore the possibilities!

Last Agent to Sell the Property

Edwin Samayoa

Excellence RE Real Estate Brokerage Email: edsamayoa2003@gmail.com License #01883753 Listed on: 09/26/2024

Last Buyer's Agent

Edwin Samayoa

Excellence RE Real Estate Brokerage Email: edsamayoa2003@gmail.com License #01883753 Listed on: 09/26/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,202 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,122 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 41
  • Tax Tract Number 6710
  • Assessor Parcel Number 5043015011
  • $1,057 per year additional tax assessments

Community Details

Overview

  • 6 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $250
  • Water Sewer Expense $500
  • Operating Expense $2,500
  • Gross Income $6,894
  • Net Operating Income $138,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 133333
  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: LARD2
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5043015011
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Driveway
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 194.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7202.00
  • Lot Size Acres: 0.1653

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 6894.33
  • Gross Scheduled Income: 168000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 7202.0000 Square Feet
  • Net Operating Income: 138000.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 30000.00
  • Rent Control: Yes
  • Total Expenses: 2500.00

Tax Info

  • Tax Census Tract: 2199.01
  • Tax Lot: 41
  • Tax Tract Number: 6710
  • TaxOtherAnnualAssessmentAmount: 1057.00

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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
01/08/2025 01/08/25 Sold $800,000 -27.3% $194 / Sq Ft
10/10/2024 10/10/24 Price Changed $1,100,000 -21.1% $267 / Sq Ft
10/09/2024 10/09/24 For Sale $1,395,000 0.0% $338 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $1,395,000 0.0% $338 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $1,395,000 -- $338 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24195057

California Regional Multiple Listing Service (CRMLS)