NOT LISTED FOR SALE
1 Bed
1 Bath
2,912 Sq Ft
4,655 Sq Ft Lot

Last Sold September 07, 2022

Last sale price $969,000 $333 Per Sq Ft

1 Day on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Fenced
  • Walk-In Closet
  • Space Heater
  • Carpet

About This Home

As of September 2022

A great investment opportunity, centrally located in the heart of Mid City. This area of Los Angeles is showing fast urbanization as we are seeing current owners beginning to rehab their properties and young families beginning to purchase single-family residences in response to the area's development! Upcoming entertainment and retail developments will soon make mid-Los Angeles a hot spot for affordable living.
This property has been well-maintained for decades by the same owners. You will find six, one-bedroom/one-bath units, and each is occupied. All offers will be subject to inspection. Do not disturb tenants. Property is subject to Los Angeles City Rent Control.

Last Agent to Sell the Property

Sarandon Cassidy Bracero

West Shores Realty, Inc. License #01746722 Listed on: 07/18/2022

Co-Listed By

Fred Cassidy

West Shores Realty, Inc. License #00717122

Last Buyer's Agent

Nasrin Esfahani

Nelson Shelton & Associates License #01347349

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 4,655 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Front Yard Sprinklers

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,912 Sq Ft Home
  • 2-Story Property
  • Living Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Bathroom

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Space Heater
  • Standard Electricity
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas
  • Legal Lot and Block 2 / B
  • Tax Tract Number 218
  • Assessor Parcel Number 5072010001
  • $853 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • Gardener Expense $720
  • Other Expense $3,600
  • Operating Expense $4,320
  • Gross Income $55,392
  • Net Operating Income $51,072

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Other Phone Description: Co-Agent Cell
  • Other Phone Number: 3104043050
  • Price Per Unit: 116667
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5072010001
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 332.76
  • Room Type: Kitchen, Living Room, Walk-In Closet

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Water Heater
  • Electric: Standard
  • Heating Type: Space Heater
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 4655.00
  • Lot Size Acres: 0.1069

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 55392.00
  • Gross Scheduled Income: 55392.00
  • Lot Size Area: 4655.0000 Square Feet
  • Net Operating Income: 51072.00
  • Number Of Separate Electric Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 4320.00
  • Other Expense: 3600.00
  • Other Expense Description: Utilitie
  • Rent Control: Yes
  • Total Expenses: 4320.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2181.10
  • Tax Lot: 2
  • Tax Tract Number: 218...
  • TaxOtherAnnualAssessmentAmount: 853.00

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 Change Sq Ft Price
09/07/2022 09/07/22 Sold $969,000 +38.4% $333 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $700,000 -- $240 / 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: SB22145486

California Regional Multiple Listing Service (CRMLS)