2810 Somerset Dr Los Angeles, CA 90016
West Adams Neighborhood
4
Beds
4
Baths
4,643
Sq Ft
6,290
Sq Ft Lot
Highlights
- City Lights View
- Spanish Architecture
- West Facing Home
- Wood Flooring
- Central Heating
About This Home
As of November 2024This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you're looking for a great as-is or value add investment then you don't want to miss this one.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,167
Year Built
- Built in 1929
Lot Details
- 6,290 Sq Ft Lot
- West Facing Home
Parking
- 4 Car Garage
- Assigned Parking
Home Design
- Spanish Architecture
Interior Spaces
- 4,643 Sq Ft Home
- 2-Story Property
- City Lights Views
- Dishwasher
Flooring
- Wood
- Wood Under Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cooling System Mounted To A Wall/Window
- Window Unit Cooling System
- Central Heating
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 5050-016-005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2024
Closed on
Oct 23, 2024
Sold by
Harris Melvia Jane
Bought by
Sljk1 Llc
Seller's Agent
Mark King
KRE8 Realty
Buyer's Agent
Jonathan Kohanoff
Jonathan Kohanoff
List Price
$1,200,000
Sold Price
$1,175,000
Premium/Discount to List
-$25,000
-2.08%
Total Days on Market
10
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,667
Avg. Annual Appreciation
2.80%
Original Mortgage
$1,422,905
Outstanding Balance
$963,471
Interest Rate
6.32%
Mortgage Type
Construction
Estimated Equity
$228,196
Purchase Details
Closed on
Jan 13, 2005
Sold by
Harris Melvia Jane
Bought by
Harris Melvia Jane
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
5.69%
Mortgage Type
New Conventional
Map
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,175,000 | Socal Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,422,905 | Construction | |
| Previous Owner | $435,500 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $282,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2024 11/25/24 | Sold | $1,175,000 | -2.1% | $253 / Sq Ft |
| 10/21/2024 10/21/24 | Pending | -- | -- | -- |
| 10/11/2024 10/11/24 | For Sale | $1,200,000 | -- | $258 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,167 | $467,383 | $280,433 | $186,950 |
| 2023 | $6,059 | $458,220 | $274,935 | $183,285 |
| 2022 | $5,798 | $449,237 | $269,545 | $179,692 |
| 2021 | $5,699 | $440,429 | $264,260 | $176,169 |
| 2019 | $5,536 | $427,368 | $256,423 | $170,945 |
| 2018 | $5,416 | $418,990 | $251,396 | $167,594 |
| 2016 | $5,136 | $402,722 | $241,635 | $161,087 |
| 2015 | $5,064 | $396,674 | $238,006 | $158,668 |
| 2014 | $5,106 | $388,904 | $233,344 | $155,560 |
Source: Public Records
Source: The MLS
MLS Number: 24-448595
APN: 5050-016-005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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