NOT LISTED FOR SALE
6 Beds
5 Baths
3,666 Sq Ft
10,866 Sq Ft Lot

Last Sold October 15, 2021

Last sale price $950,000 $259 Per Sq Ft

23 Days on Market

Highlights

  • City View
  • 5 Car Garage
  • East Facing Home
  • Traditional Architecture
  • Tile Flooring

About This Home

As of October 2021

Five (5) unit building in Baldwin Hills Estates (near View Park/Windsor Hills; north of Stocker). Building is in an excellent position on the east facing side of the neighborhood nearest the Baldwin Hills mall and future development with substantial upside. This owner has already completed expensive (almost $58K) and required soft-story retrofit! Units are large w/ample living areas including one unit with a city view; This well-maintain 3,666 square feet property was built in 1954 with four (4) one bedroom/one bath units & a two bedroom/two bath unit. Each unit has an easy access garage at the front of the building and the building is located at the end of the street for easy access and easier street parking. Building is separately metered for gas & electricity. Separate laundry room creates some additional income. The property offers great upside potential, it is centrally located to the Expo Metro Transit Line, bus lines to Hollywood, Downtown LA and LAX Airport, and new commercial developments in Crenshaw and Inglewood areas; also near Kenneth Hahn State Park and the Stocker hiking trail. Rent control applies to this property. Property will be sold in its "As-Is Present Condition". Submit Offer to L/A Subject to Interior Inspection with Loan Approval Letter, if applicable and Proof of Funds. Do not enter property or Disturb Tenants.

Last Agent to Sell the Property

Teresa Mack

Pacific Playa Realty License #01766118 Listed on: 06/29/2021

Pacific Playa Realty

Last Buyer's Agent

Munif Ali

Pacific Playa Realty License #01849273

Pacific Playa Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 10,866 Sq Ft Lot
  • East Facing Home

Parking

  • 5 Car Garage

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,666 Sq Ft Home
  • 2-Story Property
  • City Views
  • Disposal
  • Laundry Located Outside

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, cable TV, gas
  • The owner pays for water
  • Assessor Parcel Number 5026-002-003

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • Vacancy Allowance $1,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Five (5) units building in Baldwin Hills Estates (near View Park/Windsor Hills; north of Stocker). Building is in an excellent position on the east facing side of the neighborhood nearest the Baldwin Hills mall and future development with substantial upside. This owner has already completed expensive and required soft-story retrofit! Units are large w/ample living areas including one unit with a city view; this well-maintain 3,666 square feet property was built in 1954 with four (4) one bedroom/one bath units & a two bedrooms/two bath unit. Each unit has an easy access garage; separately metered for gas & electricity. Separate laundry room. Property will be sold in its "As-Is Present Condition". Submit Offer to L/A Subject to Interior Inspection with Loan Approval Letter, Proof of Funds and FICOS. Do not enter property or Disturb Tenants.
  • Exclusions: All tenant owned personal property or tenant owned appliances.
  • Living Area: 3666
  • Lot Acreage: 0.2495
  • Probate: No
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Bedrooms: 6
  • Laundry: Outside
  • Total Bathrooms: 5.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 327.33

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Concrete Slab
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 5
  • Covered Parking: 5
  • Parking Garage: Garage Is Detached
  • Total Parking: 5

Utilities

  • Water Heater: Water Heater Unit
  • Heating: Wall
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Percent: 40.76
  • Assessed Improvement Value: 324729
  • Assessed Land Percent: 59.24
  • Assessed Land Value: 471939
  • Total Assessed Value: 796668
  • Assessor Parcel Number: 5026-002-003
  • Lot Size Area: 10866

Rental Info

  • Total Actual Rent: 4704.00
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Cable TV, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 8830
  • Type Of Units: Courtyard
  • Vacancy Allow: 1500
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

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
10/15/2021 10/15/21 Sold $950,000 -20.8% $259 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $1,200,000 +63.0% $327 / Sq Ft
11/13/2015 11/13/15 Sold $736,000 +13.4% $201 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $649,000 -- $177 / 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: 21-754792

The MLS