$2,725,000
SOLD DEC 23, 2024
6 Beds
27 Baths
15,270 Sq Ft
6,497 Sq Ft Lot

Recently Sold

$178 Per Sq Ft

12% Below List Price

95 Days on Market

About This Home

As of December 2024

Bread and butter investment for a savvy investor. The building is comprised of 27 units with 21 studio units and 6 one bedroom units. The property was built in 1912 on a 6,497 Sq. Ft. lot zoned LAM1. The building is three stories and is about 15,270 Sq. Ft. The property is nestled in a dense and desirable rental market with major job centers nearby such as, Downtown Los Angeles, University of Southern California, and the warehouse industrial center just South East of Downtown. Do not miss out on this opportunity!

Last Agent to Sell the Property

Stephen Watson

Keller Williams Los Angeles License #01187813 Listed on: 08/15/2024

Keller Williams Los Angeles

Co-Listed By

Michael Fukushima

Keller Williams Los Angeles License #01380445

Last Buyer's Agent

Stephen Watson

Keller Williams Los Angeles License #01187813 Listed on: 08/15/2024

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 6,497 Sq Ft Lot
  • Lot Dimensions are 50x140

Home Design

  • Split Level Home

Interior Spaces

  • 15,270 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 27 Bathrooms

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 27 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 5120-003-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split, Three Or More
  • Street Number Display: Yes
  • Living Area: 15270
  • Lot Acreage: 0.1492
  • Lot Dimensions: 50x140
  • Probate: No
  • Stories: 3
  • Year Built: 1912
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 27.00
  • Price Per S Q F T: 194.83

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 82.11
  • Assessed Improvement Value: 1085830
  • Assessed Land Percent: 17.89
  • Assessed Land Value: 236645
  • Total Assessed Value: 1322475
  • Assessor Parcel Number: 5120-003-003
  • Lot Size Area: 6497

Rental Info

  • Owner Pays: Electricity, Gas, Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 7.91
  • Number Of Units: 27
  • Rent Control: 100
  • Total Annual Expense: 176883
  • Type Of Units: Residential
  • Vacancy Rate: 0

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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
12/23/2024 12/23/24 Sold $2,725,000 -8.4% $178 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
10/15/2024 10/15/24 Price Changed $2,975,000 -4.0% $195 / Sq Ft
08/15/2024 08/15/24 For Sale $3,100,000 0.0% $203 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $3,100,000 -- $203 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-419195

The MLS