NOT LISTED FOR SALE

342 E 99th St Los Angeles, CA 90003

Green Meadows Neighborhood

Estimated Value: $930,000 - $1,120,000

8 Beds
4 Baths
2,988 Sq Ft
$348/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $875,000 $293 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,466/month

31 Days on Market

About This Home

As of January 2021

We are pleased to present a 4-unit multi-family community located in the Green Meadows neighborhood of South Los Angeles, CA. A short 15 minute drive to Downtown Los Angeles and centrally located near 2 major freeways, the subject property gives tenants convenient access to the 105 and110 Freeways. The property was built in 1965 and is comprised of approximately 2,988 rentable square feet on a 5,085 square foot lot. The building has an outstanding unit mix, comprising entirely of spacious 2 bedroom 1 bathroom units.
There is one vacant unit that LA City Section 8 Housing will pay $2,263 for, allowing an investor to achieve market rent for that unit. The property is separately metered for gas and electricity, features ample secured parking, and the tenants benefit from their own washer and dryer hookups inside each unit. This is an outstanding opportunity to acquire a desirable multi-family asset with substantial upside in the city of Los Angeles and would be a great addition to any investors portfolio.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 12/04/2020

Co-Listed By

Ryan Gonzalez

Lyon Stahl Investment Real Est License #01874815

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,227 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,988 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Septic Type Unknown
  • Sewer Not Available

Listing and Financial Details

  • Legal Lot and Block 17 / 8
  • Tax Tract Number 6401
  • Assessor Parcel Number 6052017016

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $850
  • Fuel Expense $850
  • Gardener Expense $475
  • Insurance Expense $1,345
  • Maintenance Expense $3,000
  • Other Expense $1,000
  • Professional Management Expense $3,718
  • Trash Expense $850
  • Water Sewer Expense $850
  • New Taxes Expense $11,375
  • Operating Expense $24,313
  • Gross Income $74,656
  • Net Operating Income $50,044

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Professional Management Expense: 3718.00
  • Property Attached: Yes
  • Water Sewer Expenses: 850.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 475.00
  • Parcel Number: 6052017016
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 292.84

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: None, Public Sewer, Septic Type Unknown, Unknown
  • Trash Expense: 850.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5227.20
  • Lot Size Acres: 0.1200

Multi Family

  • Electric Expense: 850.00
  • Fuel Expense: 850.00
  • Gross Income: 74656.00
  • Gross Scheduled Income: 74656.00
  • Insurance Expense: 1345.00
  • Lot Size Area: 0.1200 Acres
  • Maintenance Expense: 3000.00
  • Net Operating Income: 50044.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24323.00
  • Other Expense: 1000.00
  • Other Expense Description: Misc/Exp
  • Rent Control: No
  • Total Actual Rent: 6388.00
  • Total Expenses: 24313.00

Tax Info

  • New Taxes Expense: 11375.00
  • Tax Block: 8
  • Tax Census Tract: 2406.00
  • Tax Lot: 17
  • Tax Tract Number: 6401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2012
Sold by
Reddy Bandi Vamshidhar
Bought by
Reddy Bandi Vamshidhar and Reddy Kavitha M
Current Estimated Value
$1,041,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Outstanding Balance
$164,151
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$877,076

Purchase Details

Closed on
Sep 8, 2010
Sold by
Williams Mark
Bought by
Reddy Kavitha and Reddy Vamshidhar

Purchase Details

Closed on
May 27, 2003
Sold by
Hud
Bought by
Williams Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,600
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2002
Sold by
Guaranty Residential Lending Inc
Bought by
Hud

Purchase Details

Closed on
Dec 11, 2001
Sold by
Bello Rose
Bought by
Guaranty Residential Lending Inc and Temple Inland Mtg Corp

Purchase Details

Closed on
Feb 1, 1999
Sold by
Mitchell Anthony W
Bought by
Bello Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,505
Interest Rate
6.7%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 6, 1997
Sold by
Amresco Residential Mtg Corp
Bought by
Mitchell Anthony W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,780
Interest Rate
7.36%
Mortgage Type
VA

Purchase Details

Closed on
Mar 21, 1997
Sold by
Robertson Donald
Bought by
Bankers Trust Company

Purchase Details

Closed on
Jun 1, 1994
Sold by
Abrams Ronald Richard
Bought by
Robertson Donald and Robertson Stephanie Denise

Purchase Details

Closed on
Jan 13, 1994
Sold by
Davis Mary G
Bought by
Abrams Ii Ronald Richard and Graddy Debra Rene Abrams
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Reddy Bandi Vamshidhar -- Old Republic Title Company
Reddy Kavitha $208,350 None Available
Williams Mark $327,000 Nations
Hud -- First American Title Ins Co
Guaranty Residential Lending Inc -- First American Title Ins Co
Bello Rose $225,000 --
Mitchell Anthony W $189,000 Fidelity National Title Co
Bankers Trust Company $148,920 --
Robertson Donald -- First American Title Company
Abrams Ii Ronald Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddy Bandi Vamshidhar $238,000
Previous Owner Williams Mark $261,600
Previous Owner Bello Rose $223,505
Previous Owner Mitchell Anthony W $192,780
Closed Williams Mark $65,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2021 01/12/21 Sold $875,000 0.0% $293 / Sq Ft
12/04/2020 12/04/20 For Sale $875,000 -- $293 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2025 $12,267 $947,126 $432,972 $514,154
2024 $12,102 $928,556 $424,483 $504,073
2023 $11,874 $910,350 $416,160 $494,190
2022 $11,342 $892,500 $408,000 $484,500
2021 $4,388 $295,898 $106,523 $189,375
2020 $4,421 $292,865 $105,431 $187,434
2019 $4,266 $287,123 $103,364 $183,759
2018 $4,172 $281,494 $101,338 $180,156
2016 $3,957 $270,564 $97,403 $173,161
2015 $3,897 $266,500 $95,940 $170,560
2014 $3,922 $261,280 $94,061 $167,219
Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2021

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    1 in this area

    41 Total Sales

    Kevin King
    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Ryan Gonzalez

    Lyon Stahl Investment Real Est

    (562) 879-3206

    1 in this area

    20 Total Sales

    Ryan Gonzalez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20251884

California Regional Multiple Listing Service (CRMLS)

APN: 6052-017-016

California Los Angeles County Los Angeles 90003 Green Meadows

342 E 99th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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