$2,600,000
SOLD FEB 13, 2025
19 Beds
12 Baths
9,746 Sq Ft
0.27 Acres

Recently Sold

$267 Per Sq Ft

4% Below List Price

Highlights

  • 0.27 Acre Lot
  • Laundry Room
  • 3-minute walk to Gilbert Lindsay Recreation Center

About This Home

As of February 2025

10 UNIT BUILT 1995. ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. CAPITAL IMPROVEMENTS IN 2023. ACTUAL 7 CAP SEE ATTACHED SUPPLEMENT. $269K PER UNIT & $276 PSF. THE PROPERTY WAS APPRAISED IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR NEW LAUNDRY MACHINES.

Last Agent to Sell the Property

Edmond Khudyan

Coldwell Banker Hallmark Brokerage Phone: 818-919-0600 License #01196809 Listed on: 02/13/2025

Coldwell Banker Hallmark

Last Buyer's Agent

Sky Minor

Sky Minor, Broker License #01380933

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre
  • 5115006034

Home Design

  • Apartment

Interior Spaces

  • 9,746 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking
  • Assigned Parking

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 4 / A
  • Tax Tract Number 3225
  • Assessor Parcel Number 5115006035
  • $1,405 per year additional tax assessments

Community Details

Overview

  • 10 Units

Building Details

  • 10 Leased Units
  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,558
  • Fuel Expense $4,440
  • Gardener Expense $1,200
  • Insurance Expense $14,300
  • Maintenance Expense $7,850
  • Pest Control $1,656
  • Trash Expense $4,440
  • Water Sewer Expense $11,740
  • New Taxes Expense $33,625
  • Operating Expense $81,321
  • Gross Income $270,921
  • Net Operating Income $189,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Lot Details

0

Listing Details

  • CapRate: 7.05
  • Other Phone Description: 818-919-0600
  • Price Per Unit: 269900
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 11740.00
  • Zoning: LAC2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5115006035
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 266.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Tandem Uncovered
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 18.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room
  • Pest Control Expense: 1656.00
  • Sewer: Sewer Paid
  • Trash Expense: 4440.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5115006034
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11960.00
  • Lot Size Acres: 0.2746
  • Latitude Manual: 34.00707500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Electric Expense: 1558.00
  • Fuel Expense: 4440.00
  • Gross Multiplier: 9.63
  • Gross Operating Income: 270921.00
  • Gross Scheduled Income: 279300.00
  • Gross Spendable Income: 279300.00
  • Insurance Expense: 14300.00
  • Lot Size Area: 11960.0000 Square Feet
  • Maintenance Expense: 7850.00
  • Net Operating Income: 189600.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 81321.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Actual Rent: 23275.00
  • Total Expenses: 81321.00
  • Vacancy Allowance: 8379
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 33625.00
  • Tax Block: A
  • Tax Census Tract: 2283.20
  • Tax Lot: 4
  • Tax Tract Number: 3225
  • TaxOtherAnnualAssessmentAmount: 1405.00

Similar Homes in Los Angeles, CA

  • 1148 E 43rd St, Los Angeles, CA 90011

    $2,250,000

    • 20 Beds
    • 10 Baths
    • 11,728 Sq Ft
    • 1148 E 43rd St
    • Los Angeles, CA

    Big upside potential! 14 units, all 2 bedroom + 1 bath. Current GRM 9.67; CAP Rate 6%. Cost Per Unit is $160,714. Cost per Sq. Ft. is $192. Approx. 11,728 bldg. sq, ft, and lot size approx. 11,939 sq. ft.. 8 garages with units above. Tenants pay gas & electric.

    Chuck Lundie AOA Commercial Brkrge

    Section Image
  • 1348 E Vernon Ave, Los Angeles, CA 90011

    $2,495,000

    • 17 Beds
    • 12 Baths
    • 5,927 Sq Ft
    • 1348 E Vernon Ave
    • Los Angeles, CA

    Contemporary Fourplex! This remarkable property features two distinct buildings. The front building is two stories high and includes two units, each offering three bedrooms and two bathrooms. The back building showcases a tri-level design with side-by-side units: one containing four bedrooms and three bathrooms, while the other boasts seven bedrooms and five bathrooms. All units are designed with

    Joe Myere Compass

    Section Image
  • 1401 W 42nd Place, Los Angeles, CA 90062

    $2,280,000

    • 18 Beds
    • 12 Baths
    • 5,952 Sq Ft
    • 1401 W 42nd Place
    • Los Angeles, CA

    No Rent Control (per zimars site on 8/25/23). $201,600 proforma yearly gross income as estimated. 1031 exchange or buy and use as primary. The standout feature of this property is its premium corner location, situated conveniently close to USC and the Stadium. Comprising of two distinct buildings on the lot, it offers a total of four units. Two of these units are generously sized five-bedroom

    Douglas Olsen Olsen Realty

    Section Image
  • 1805 S New England St, Los Angeles, CA 90006

    $3,100,000

    • 20 Beds
    • 19 Baths
    • 7,719 Sq Ft
    • 1805 S New England St
    • Los Angeles, CA

    Modern fourplex built in 2020/2021 located in the rapidly growing Pico-Union neighborhood, just minutes from USC, Downtown LA, Koreatown, and Echo Park. This non-rent-controlled property features three 5 bed/5 bath units and one 5 bed/4 bath unit, each designed with open layouts, high ceilings, stainless steel appliances, sleek cabinetry, stylish tilework, and multiple balconies. Residents enjoy

    Arash Pashaei Keller Williams Beverly Hills

    Section Image
  • 1517 S Westmoreland Ave, Los Angeles, CA 90006

    $2,200,000

    • 17 Beds
    • 10 Baths
    • 6,199 Sq Ft
    • 1517 S Westmoreland Ave
    • Los Angeles, CA

    Incredible Multifamily opportunity in a High Demand Mid Los Angeles neighborhood featuring 9 very well-maintained units. Owner's unit consist of 3 bedrooms and 2 full baths with a Master walk-in closet and inside laundry area. This property sits on a large almost double lot with 13,358 square feet that will be strong for any future development or large apartment complex build out. The property

    Alfredo Gonzalez LoanRate

    Section Image
  • 1629 S New Hampshire Ave, Los Angeles, CA 90006

    $2,995,000

    • 19 Beds
    • 18 Baths
    • 6,708 Sq Ft
    • 1629 S New Hampshire Ave
    • Los Angeles, CA

    Presenting 1629 S. New Hampshire Ave, a brand-new, FULLY OCCUPIED, five-unit multifamily property built in 2024. This modern, well-maintained building is an exceptional opportunity for investors, with all five units fully occupied, generating $240,660 in yearly income and offering a strong 6.04% cap rate. The property features open-concept layouts, spacious bedrooms, and modern appliances

    Michael Fitzgerald Power Brokers

    Section Image
  • 1643 W 82nd St, Los Angeles, CA 90047

    $2,299,000

    • 20 Beds
    • 21 Baths
    • 7,264 Sq Ft
    • 1643 W 82nd St
    • Los Angeles, CA

    LAJOMA PROPERTIES is proud to present this beautiful, new construction 4-Unit townhome style property This property contains two separate buildings 3-story duplexes with the front duplex boasting 5 bed/5 bath per unit and the rear duplex containing 5 bed/5 bath per unit. These units contain open floor plans, multiple master bedrooms in all units, walk-in closets, high ceilings, custom window

    Joshua Vivanco Keller Williams SELA

    Section Image
  • 1152 W 88th St, Los Angeles, CA 90044

    $2,100,000

    • 20 Beds
    • 10 Baths
    • 6,436 Sq Ft
    • 1152 W 88th St
    • Los Angeles, CA

    We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at an 8.65% CAP and 7.99 GRM on current rents, with significant upside potential to achieve an 9.63% CAP and 7.14 GRM upon stabilization.Nestled just south of Manchester Ave and west of Vermont Ave, this property offers excellent connectivity with close proximity to the 110

    Casey Lins Kidder Mathews of California, Inc.

    Section Image
  • 6337 10th Ave, Los Angeles, CA 90043

    $2,495,000

    • 20 Beds
    • 10 Baths
    • 8,309 Sq Ft
    • 6337 10th Ave
    • Los Angeles, CA

    Take advantage of an outstanding investment opportunity in Los Angeles delivering a 12.8% cash-on-cash return at the asking price, fueled by the assumption of a $1.56M loan at a fixed 3.17% interest rate locked through 2028--with capped increases thereafter. This rare financing structure creates highly attractive positive leverage in a market where such terms are virtually unavailable today.

    Armin Soleimani Global Platinum Properties, Inc.

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/13/2025 02/13/25 Sold $2,600,000 -3.7% $267 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
02/13/2025 02/13/25 For Sale $2,699,000 -- $277 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25033595

California Regional Multiple Listing Service (CRMLS)