NOT LISTED FOR SALE

4541 Santa Rosalia Dr Los Angeles, CA 90008

Baldwin Hills Neighborhood
5 Beds
4 Baths
7,308 Sq Ft
8,805 Sq Ft Lot

Last Sold April 25, 2017

Last sale price $1,315,000 $180 Per Sq Ft

2 Days on Market

Highlights

  • Dual Staircase
  • No HOA
  • Storage
  • Property is near a park
  • Laundry Room
  • 6 Detached Carport Spaces

About This Home

As of April 2017

4541 Santa Rosalia Drive is a 6 unit multi family residential apartment property exclusively listed by Altman Apartments LLC. There is tremendous upside potential in this strong and stable rental community of Baldwin Village. The metro Crenshaw LAX light rail line is currently being built with a station at the future re-development site of the Baldwin Hills - Crenshaw Mall. Kaiser Permanente is just now completing a new hospital on Santa Rosalia Drive and plans are also in the works to redevelop nearby Marlton Square. This neighborhood is an easy commute to all of the best areas of Los Angeles and is increasingly in high demand from renters. Two of the six units at this property have been completely renovated including refinishing of original hardwood floors. This property is subject to LA rent control and rents are 32% under market. Great value add opportunity.

Last Agent to Sell the Property

Logan Altman

Altman Apartments LLC License #01965826 Listed on: 02/27/2017

Last Buyer's Agent

Logan Altman

Altman Apartments LLC License #01965826 Listed on: 02/27/2017

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1956

Lot Details

  • 8,805 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Landscaped
  • Level Lot
  • Density is 26-30 Units/Acre

Home Design

  • Frame Construction

Interior Spaces

  • 7,308 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Ceiling Fan
  • Storage

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • 6 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 17
  • Tax Tract Number 198
  • Assessor Parcel Number 5030012004

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,295
  • Fuel Expense $916
  • Insurance Expense $3,216
  • Maintenance Expense $3,000
  • Other Expense $720
  • Pest Control $420
  • Professional Management Expense $4,321
  • New Taxes Expense $16,438
  • Operating Expense $35,899
  • Gross Income $111,360
  • Net Operating Income $72,120

Property Details

Home Type

Apartment

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.48
  • Other Phone Description: Co-Agent Cell
  • Other Phone Number: 858-722-7232
  • Professional Management Expense: 4321.00
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Baldwin Village
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5030012004
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Ceiling Fan(s), Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 179.94

Exterior Features

  • Pool Private: No
  • Construction Materials: Frame

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, On Site
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Standard
  • Heating Type: Central
  • Laundry Features: Community, Dryer Included, Washer Included
  • Pest Control Expense: 420.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre, Landscaped, Lot 6500-9999, Level, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 8805.00
  • Lot Size Acres: 0.2021

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Average3 Bed Area: 1450 Square Feet
  • Electric Expense: 5295.00
  • Fuel Expense: 916.00
  • Gross Income: 111360.00
  • Gross Multiplier: 11.81
  • Gross Scheduled Income: 111360.00
  • Insurance Expense: 3216.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 50.00
  • Lot Size Area: 8805.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 72120.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 35899.00
  • Operating Expense Percent: 32.00
  • Other Expense: 720.00
  • Other Expense Description: Landscap
  • Rent Control: Yes
  • Total Actual Rent: 110760.00
  • Total Expenses: 35899.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16438.00
  • Tax Census Tract: 2362.03
  • Tax Lot: 17
  • Tax Tract Number: TR 198

Range of Values:

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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
04/25/2017 04/25/17 Sold $1,315,000 0.0% $180 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $1,315,000 -- $180 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Logan Altman

    Altman Apartments LLC

    (310) 903-0222

    1 Total Sale

    Logan Altman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17039848

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90008 Baldwin Hills

4541 Santa Rosalia Dr, Los Angeles, CA

This home is located at 4541 Santa Rosalia Dr, Los Angeles, CA 90008 since 27 February 2017. This property was built in 1956. 4541 Santa Rosalia Dr is a home located in Los Angeles County with nearby schools including Hillcrest Drive Elementary School, Audubon Middle School, and Susan Miller Dorsey Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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