NOT LISTED FOR SALE
2 Beds
1 Bath
11,148 Sq Ft
0.29 Acres

Last Sold February 09, 2015

Last sale price $1,640,000 $147 Per Sq Ft

21 Days on Market

About This Home

As of February 2015

An excellent 16-unit apartment complex in Los Angeles, CA.

The Property is individually metered for both gas and electricity, and each unit has its own water heater. There are also 14 parking spots for tenant convenience. Property is subject to rent control.

Strong cash flow, strong occupancy, and great unit mix all highlight this excellent investment opportunity.

The property is conveniently located near the 110 Freeway and just a few miles south of USC and downtown Los Angeles.

*Buyer to confirm legal number of bedrooms.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 10/20/2014

Keller Williams South Bay

Co-Listed By

Walter De La Torre

W&D Real Estate Investments License #01472053

Last Buyer's Agent

Ramon Chavez

Dreamwork Realty Inc. License #00938353

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

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

Parking

  • 14 Parking Spaces

Home Design

  • 11,148 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 215
  • Tax Tract Number 5
  • Assessor Parcel Number 6013026001

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 16 Separate Water Meters
  • Electric Expense $1,100
  • Insurance Expense $3,019
  • Maintenance Expense $10,400
  • Other Expense $1,580
  • Professional Management Expense $8,472
  • Trash Expense $2,604
  • Water Sewer Expense $11,873
  • New Taxes Expense $20,352
  • Gross Income $14,556
  • Net Operating Income $103,792

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Professional Management Expense: 8472.00
  • Property Attached: Yes
  • Water Sewer Expenses: 11873.00
  • Property Type: Residential Income
  • Parcel Number: 6013026001
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 147.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2604.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12600.00
  • Lot Size Acres: 0.2890

Multi Family

  • Electric Expense: 1100.00
  • Gross Income: 14556.00
  • Gross Scheduled Income: 169432.00
  • Insurance Expense: 3019.00
  • Lot Size Area: 12600.0000 Square Feet
  • Maintenance Expense: 10400.00
  • Net Operating Income: 103792.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 16
  • Number Of Units Total: 16
  • Operating Expense: 65640.00
  • Other Expense: 1580.00
  • Other Expense Description: Assesmen
  • Rent Control: Yes
  • Total Actual Rent: 14556.00

Tax Info

  • New Taxes Expense: 20352.00
  • Tax Lot: 215
  • Tax Tract Number: 5
  • Tax Year: 2013

Range of Values:

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Average Value
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List Price
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
02/09/2015 02/09/15 Sold $1,640,000 +98103.6% $147 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
10/20/2014 10/20/14 For Sale $1,670 -- $0 / 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: SB14225320

California Regional Multiple Listing Service (CRMLS)