NOT LISTED FOR SALE

3900 Ingraham St Los Angeles, CA 90005

Koreatown Neighborhood
-- Bed
24 Baths
10,754 Sq Ft
8,652 Sq Ft Lot

Last Sold October 12, 2018

Last sale price $4,300,000 $400 Per Sq Ft

51 Days on Market

About This Home

As of October 2018

Ingraham 24-Unit Studio apartment building located in the highly desirable Koreatown submarket of Los Angeles. Great income property ; 4.35 % CAP rate is from new $58K property tax calculation. This beautiful all 24 studio APT has two-story structure that 11 units have recently undergone full interior renovation between 2014 ~ 2017. 19 units have been renovated in recent years featuring wood inspired laminate flooring and 11 units was upgraded with new kitchen cabinet, new refrigerator. Prime location; one short block to Wilshire/ Western metro Station and Wiltern Theater. Located in one of Los Angeles' most walkable neighborhoods, residents have immediate access to many of the best restaurants, bars and shops in Koreatown. An astute investor should view this opportunity as a rare chance to own in an A+ location with 12 units upside in rents. Also, R4 zoning TOC Tier 4 development opportunity.

Last Agent to Sell the Property

Harry Chung

Hanbada Realty Inc. License #01999369 Listed on: 08/06/2018

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 8,652 Sq Ft Lot
  • Lot Dimensions are 145x60

Interior Spaces

  • 24 Bathrooms
  • 10,754 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 24 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5092-029-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Ingraham 24-Unit Studio apartment building located in the highly desirable Koreatown submarket of Los Angeles. Great income property ; 4.35 % CAP rate is from new $58K property tax calculation. This beautiful all 24 studio APT has two-story structure that 11 units have recently undergone full interior renovation between 2014 ~ 2017. 19 units have been renovated in recent years featuring wood inspired laminate flooring and 11 units was upgraded with new kitchen cabinet, new refrigerator. Prime location; one short block to Wilshire/ Western metro Station and Wiltern Theater. Located in one of Los Angeles' most walkable neighborhoods, residents have immediate access to many of the best restaurants, bars and shops in Koreatown. An astute investor should view this opportunity as a rare chance to own in an A+ location with 12 units upside in rents. Also, R4 zoning TOC Tier 4 development opportunity.
  • Living Area: 10754
  • Lot Dimensions: 145x60
  • Probate: No
  • Stories: 2
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 24.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 432.40

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 1478742
  • Assessed Land Value: 905201
  • Total Assessed Value: 2383943
  • Assessor Parcel Number: 5092-029-015
  • Geocode Override: No
  • Lot Size Area: 8652

Rental Info

  • Total Actual Rent: 292416.00
  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.73
  • Number Of Units: 24
  • Rent Control: 100
  • Type Of Units: Studios

Tax Info

  • Tax Percent: 1.26
  • Tax Total: 30109.00
  • Tax Rate Year: 2017

Range of Values:

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Average Value
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Sold Price
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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 List to Sale Price per Sq Ft
10/12/2018 10/12/18 Sold $4,300,000 -7.5% $400 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $4,650,000 -- $432 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Harry Chung

    Hanbada Realty Inc.

    Section Image

  • S

    Buyer's Agent in 2018

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 18-371390

The MLS
California Los Angeles County Los Angeles 90005 Koreatown

3900 Ingraham St, Los Angeles, CA

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