Seller's Agent in 2021
Julie Boyd
Home Buyers Realty
(714) 342-1978
1 in this area
16 Total Sales
3934 Gibraltar Ave Los Angeles, CA 90008
Baldwin Hills Neighborhood
5
Beds
4
Baths
8,748
Sq Ft
8,236
Sq Ft Lot
Highlights
- Golf Course Community
- Midcentury Modern Architecture
- Property is near a clubhouse
- Fitness Center
- Clubhouse
- Lawn
About This Home
As of March 2021RARE investment opportunity to own a Great 9 unit MID-CENTURY MODERN apartment building nested in Baldwin Village, with a EXCEPTIONAL LOCATION! Garden Style Units with welcoming Courtyard Setting. Perfectly sited just 3 Apartments from Jim Gilliam Park & Recreation Center, with Tennis, Sports Courts, Rec Center... Hiking to Kenneth Hahn View Point, & Golf Course. Near a redevelopment project in negotiations at Crenshaw Plaza Mall & plans for 1.2 million sf of new housing (900+ apt & condos), hotel, 10-story office building & a walk-able "Retail Village." New Metropolitan Transportation Authority Station & Kaiser Medical Center, bringing high paying jobs to the area. Large Units! The property features (5) 2/2 units, (2) 2/1 Units and (2) 1/1 units, each individually metered for electricity & gas. Rent control area, community coined laundry room facility, courtyard setting, 5 covered parking per Permits, 7 covered parking spaces per lined spaces. PM States GSI: $11,648.28, Monthly Laundry, Parking and other Income have Averaged over time: $225.50/month, Annual GSI: $139,779.38, Great Value at $217,777/door! 4515 Santo Tomas Drive, with similar location Sold at $232,400/door in 2018! The investment community is saying that with the right Capex, Re-positioned properties are running $2.50+/SQ FT Presenting the potential for pro-forma GSI of $262,440 & pro-forma NOI of $202,954, using COSTAR Market operating expense averages of $6.80 sf. Upside potential in excess of 53.2%.
Last Agent to Sell the Property
Home Buyers Realty License #01051535 Listed on: 02/17/2021
Property Details
Home Type
- Apartment
Year Built
- Built in 1958
Lot Details
- 8,236 Sq Ft Lot
- No Common Walls
- Masonry wall
- Wood Fence
- Barbed Wire
- Landscaped
- Rectangular Lot
- Level Lot
- Sprinkler System
- Lawn
- Garden
- Front Yard
Home Design
- Midcentury Modern Architecture
- Contemporary Architecture
- Cosmetic Repairs Needed
- Raised Foundation
- Asbestos Shingle Roof
- Asphalt Roof
- Wood Siding
- Stucco
Interior Spaces
- 8,748 Sq Ft Home
- 2-Story Property
- Blinds
- Library
- Laundry Room
- Property Views
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 7 Parking Spaces
- 7 Carport Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Outdoor Storage
Location
- Property is near a clubhouse
- Property is near a park
Utilities
- Cooling Available
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 17
- Tax Tract Number 23361
- Assessor Parcel Number 5030003006
Community Details
Overview
- No Home Owners Association
- 9 Units
- Jim Gilliam Park Association
- Doris Japanese Garden Association
- And Recreation Center HOA
- Foothills
Amenities
- Outdoor Cooking Area
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Meeting Room
- Recreation Room
- Laundry Facilities
Recreation
- Golf Course Community
- Tennis Courts
- Sport Court
- Community Playground
- Fitness Center
- Park
- Hiking Trails
- Jogging Track
- Bike Trail
Building Details
- 9 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,353
- Fuel Expense $3,606
- Gardener Expense $150
- Insurance Expense $3,600
- Pest Control $33
- Professional Management Expense $5,233
- Trash Expense $5,539
- Water Sewer Expense $3,951
- New Taxes Expense $24,500
- Operating Expense $59,486
- Gross Income $143,005
- Net Operating Income $76,941
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2021 03/25/21 | Sold | $1,670,000 | 0.0% | $191 / Sq Ft |
| 02/17/2021 02/17/21 | Pending | -- | -- | -- |
| 02/17/2021 02/17/21 | Off Market | $1,670,000 | -- | -- |
| 02/17/2021 02/17/21 | For Sale | $1,960,000 | +79.8% | $224 / Sq Ft |
| 02/12/2015 02/12/15 | Sold | $1,090,000 | 0.0% | $125 / Sq Ft |
| 12/12/2014 12/12/14 | Pending | -- | -- | -- |
| 06/19/2014 06/19/14 | For Sale | $1,090,000 | -- | $125 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
J
Seller's Agent in 2015
Jason Chen
Kingston Realty
(626) 205-0972
16 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21018108
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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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