J
Seller's Agent in 2018
Joshua Cohen
Keller Williams Realty
3903 W 27th St Los Angeles, CA 90018
Jefferson Park Neighborhood
12
Beds
10
Baths
5,448
Sq Ft
1954
Built
Highlights
- Lawn
- Up Slope from Street
- Laundry Room
About This Home
As of February 2018West Adam's hottest new investment opportunity; a 10-unit apartment building with a mix of one and two bedroom units. Units are spacious and well-maintained. With a rental upside of about 35% and a market cap of 7%, this is a tremendous opportunity for both seasoned and new investors alike. The property sits on a quaint and quiet street, but still has great access to nearby freeways such as the I-10, I-110, and I-405. All units are individually metered for gas and electricity. Each unit also features newer, individual water heaters. There is ample parking available for all tenants. West Adams and Jefferson Park are some of the hottest neighborhoods to own and rent in the city of Los Angeles. Perfectly positioned between both the Westside and downtown Los Angeles, the area is becoming more desirable with each passing year. The areas are now linked with the Expo Line light rail and soon the Crenshaw line in 2019. The surrounding area has been seeing an influx of new renters, with prices and rents increasing dramatically.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 01/04/2018
Last Buyer's Agent
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 01/04/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 10,723 Sq Ft Lot
- Two or More Common Walls
- Lawn
Parking
- Up Slope from Street
Home Design
- 5,448 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 177
- Assessor Parcel Number 5051003018
Community Details
Building Details
- 10 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $4,243
- Fuel Expense $4,243
- Insurance Expense $3,726
- Professional Management Expense $7,560
- Trash Expense $4,243
- Water Sewer Expense $4,243
- New Taxes Expense $22,648
- Operating Expense $50,904
- Gross Income $136,242
- Net Operating Income $85,337
Additional Features
- 10 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/16/2018 02/16/18 | Sold | $1,850,000 | -2.6% | $340 / Sq Ft |
| 01/22/2018 01/22/18 | Pending | -- | -- | -- |
| 01/04/2018 01/04/18 | For Sale | $1,900,000 | -- | $349 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $26,059 | $2,104,978 | $1,592,958 | $512,020 |
| 2024 | $26,059 | $2,063,705 | $1,561,724 | $501,981 |
| 2023 | $25,571 | $2,023,241 | $1,531,102 | $492,139 |
| 2022 | $24,419 | $1,983,571 | $1,501,081 | $482,490 |
| 2021 | $24,110 | $1,944,679 | $1,471,649 | $473,030 |
| 2019 | $23,409 | $1,887,000 | $1,428,000 | $459,000 |
| 2018 | $13,725 | $1,059,739 | $706,494 | $353,245 |
| 2016 | $13,064 | $1,018,590 | $679,061 | $339,529 |
| 2015 | $12,884 | $1,003,290 | $668,861 | $334,429 |
| 2014 | $12,988 | $983,637 | $655,759 | $327,878 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18002228
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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