NOT LISTED FOR SALE
8 Beds
7 Baths
5,113 Sq Ft
9,107 Sq Ft Lot

Last Sold April 13, 2016

Last sale price $925,000 $181 Per Sq Ft

8 Days on Market

Highlights

  • Laundry Room
  • Wrought Iron Fence
  • Level Lot
  • 4 Attached Carport Spaces

About This Home

As of April 2016

Rare 6 unit building located adjacent to Leimert Park. This building features a 3 bedroom, 2 bath owner's unit, with a family room, patio, and laundry room. There are 3 one bedroom units, one 2 bedroom unit and one single unit. There is a laundry room for the building and a central water heater. There are 6 covered parking spaces in the rear of the building. Check the current rents and the upside potential. This is near the new Expo Metro station, and the Crenshaw corridor business development.

Last Agent to Sell the Property

Thomas Okabe

Alta Properties License #00716799 Listed on: 02/02/2016

Last Buyer's Agent

Thomas Okabe

Alta Properties License #00716799 Listed on: 02/02/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,107 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Level Lot

Parking

  • 2 Car Garage
  • 4 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 5,113 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 36
  • Tax Tract Number 21243
  • Assessor Parcel Number 5033002014

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $420
  • Insurance Expense $5,087
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,615
  • Gross Income $5,958
  • Net Operating Income $51,024

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.30
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: RD1.5
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 5033002014
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 180.91

Exterior Features

  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 9107.00
  • Price Per Lot Square Foot: 101.57
  • Lot Size Acres: 0.2090

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 5958.00
  • Gross Multiplier: 13.50
  • Gross Scheduled Income: 71496.00
  • Insurance Expense: 5087.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 9107.0000 Square Feet
  • Net Operating Income: 51024.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 6
  • Operating Expense: 20472.00
  • Rent Control: Yes
  • Total Actual Rent: 2858.00

Tax Info

  • New Taxes Expense: 10615.00
  • Tax Lot: 36
  • Tax Tract Number: 21243

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
04/13/2016 04/13/16 Sold $925,000 -4.1% $181 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $965,000 -- $189 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16022052

California Regional Multiple Listing Service (CRMLS)