$1,349,000
PENDING $50K PRICE DROP

Estimated payment $7,850/month

Total Views 2,375
12 Beds
8 Baths
5,216 Sq Ft
$259 Price per Sq Ft

About This Home

This exceptional corner-lot 8-plex is located in the heart of Downtown Los Angeles, just steps from USC, the LA Coliseum, and the LAFC Stadium, making it a highly desirable location for tenants. The property consists of two well-maintained buildings with 4-2BR and 4-1BR units, each separately metered for gas and electricity. With parking included and a strong rental demand in the area, this property promises reliable cash flow and long-term growth potential. Perfect for investors seeking to complete a 1031 Exchange, this rare opportunity offers a solid mix of units in one of the most sought-after neighborhoods in LA. Don’t miss out on this high-income, high-demand investment opportunity!

Listing Agent

J.J. Lopez

CENTURY 21 REALTY MASTERS Brokerage Phone: 323-855-4221 License #00897398 Listed on: 05/20/2025

CENTURY 21 REALTY MASTERS

Co-Listing Agent

Natalie Sanchez

First Team Real Estate Brokerage Phone: 323-855-4221 License #02206716

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,530

Year Built

  • Built in 1964

Lot Details

  • 6,751 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 5,216 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 1 / 15
  • Assessor Parcel Number 5113036001
  • $1,094 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,216
  • Professional Management Expense $4,868
  • Water Sewer Expense $14,292
  • Operating Expense $48,572
  • Gross Income $73,136
  • Net Operating Income $73,136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,530

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Price Per Unit: 168625
  • Professional Management Expense: 4868.00
  • Property Attached: Yes
  • Water Sewer Expenses: 14292.00
  • Zoning: LAR2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5113036001
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 258.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 73136.00
  • Gross Multiplier: 11.15
  • Gross Scheduled Income: 125472.00
  • Insurance Expense: 5216.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 73136.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 48572.00
  • Rent Control: Yes
  • Total Actual Rent: 10456.00
  • Total Expenses: 48572.00

Tax Info

  • Tax Block: 15
  • Tax Census Tract: 2284.20
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 1094.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $4,530 $286,423 $68,729 $217,694
2023 $4,462 $280,808 $67,382 $213,426
2022 $4,293 $275,303 $66,061 $209,242
2021 $4,217 $269,906 $64,766 $205,140
2020 $4,244 $267,139 $64,102 $203,037
2019 $4,114 $261,902 $62,846 $199,056
2018 $4,010 $256,767 $61,614 $195,153
2016 $3,753 $246,798 $59,222 $187,576
2015 $3,709 $243,092 $58,333 $184,759
2014 $3,747 $238,331 $57,191 $181,140
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Pending -- -- --
07/01/2025 07/01/25 Price Changed $1,349,000 -3.6% $259 / Sq Ft
05/20/2025 05/20/25 For Sale $1,399,000 -- $268 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $660,000 Commercial
Closed $250,000 Commercial
Closed $1,000,000 Credit Line Revolving
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB25111196

California Regional Multiple Listing Service (CRMLS)

APN: 5113-036-001