N
Seller's Agent in 2020
Neema Ahadian
Marcus & Millichap
(213) 943-1800
1 in this area
90 Total Sales
Estimated Value: $1,271,000
The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.* This offering can be purchased individually or collectively
Last Agent to Sell the Property
Marcus & Millichap License #01346750 Listed on: 10/22/2019
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Moga 1967 Lp | $3,250,000 | Provident Title | |
| Sola Impact Fund Ii Lp | $617,000 | Fidelity National Title Co | |
| Rosas Alberto Gomez | $295,000 | Commonwealth Land Title Co | |
| Ruelas Maria Delourde | -- | Fidelity | |
| Ruelas Maria Delourdes | -- | -- | |
| Plancarte Fernando | -- | -- | |
| Juarez Jose | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sola Impact Fund Ii Lp | $444,750 | |
| Previous Owner | Rosas Alberto Gomez | $124,500 | |
| Previous Owner | Ruelas Maria Delourde | $170,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2020 03/10/20 | Sold | $926,647 | +15.8% | $259 / Sq Ft |
| 02/03/2020 02/03/20 | Pending | -- | -- | -- |
| 10/22/2019 10/22/19 | For Sale | $800,000 | -- | $223 / Sq Ft |
| 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 | $9,317 | $702,034 | $406,201 | $295,833 |
| 2024 | $9,317 | $688,270 | $398,237 | $290,033 |
| 2023 | $9,153 | $674,776 | $390,429 | $284,347 |
| 2022 | $8,762 | $661,546 | $382,774 | $278,772 |
| 2021 | $8,646 | $648,575 | $375,269 | $273,306 |
| 2020 | $8,723 | $641,926 | $371,422 | $270,504 |
| 2019 | $8,410 | $629,340 | $364,140 | $265,200 |
| 2018 | $8,262 | $617,000 | $357,000 | $260,000 |
| 2016 | $5,002 | $354,300 | $192,163 | $162,137 |
| 2015 | $4,940 | $348,979 | $189,277 | $159,702 |
| 2014 | $4,994 | $342,144 | $185,570 | $156,574 |
N
Seller's Agent in 2020
Neema Ahadian
Marcus & Millichap
(213) 943-1800
1 in this area
90 Total Sales
Source: The MLS
MLS Number: 19-530492
APN: 5107-007-024