NOT LISTED FOR SALE
9 Beds
5 Baths
3,213 Sq Ft
7,468 Sq Ft Lot

Last Sold December 01, 2017

Last sale price $650,000 $202 Per Sq Ft

20 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Wall Furnace

About This Home

As of December 2017

The numbers tell the tale! Fantastic investment opportunity in the heart of Southwest LA. Owner recently painted the exterior and landscaped with drought resistant pea gravel to add to the aestethic integrity of the property. Unit C downstairs legally converted from two units to one large 4 bedroom 2 bath renting for $1650 per month(buyer to confirm permits with City). The two upstairs dwellings(units A & B) are 2 bedroom - 1 bath renting for $848 & $900 respectively .... and the rear unit is a gated detached (3 bedroom 1 bath) with a small yard renting for $1575 per month. All rents were increased by 3% as allowed under RSO effective 9/1/2017.

Last Agent to Sell the Property

Michael Williams

Global Realty Group License #01468935 Listed on: 09/01/2017

Last Buyer's Agent

Juan Moreno

New Aim Funding Inc. License #02009893

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 7,468 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Front Yard Sprinklers

Home Design

  • Quadruplex

Interior Spaces

  • 3,213 Sq Ft Home
  • 2-Story Property
  • Window Bars

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 45
  • Tax Tract Number 26
  • Assessor Parcel Number 6020016015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,201
  • Maintenance Expense $1,000
  • Trash Expense $200
  • Water Sewer Expense $7,600
  • New Taxes Expense $4,658
  • Operating Expense $14,659
  • Gross Income $59,700
  • Net Operating Income $45,041

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 8.00
  • Property Attached: Yes
  • Security: Window Bars
  • Water Sewer Expenses: 7600.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6020016015
  • Year Built: 1909
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 202.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Sprinklers In Front
  • Lot Size Sq Ft: 7468.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 59700.00
  • Gross Multiplier: 10.05
  • Gross Scheduled Income: 59700.00
  • Insurance Expense: 1201.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 45041.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14659.00
  • Rent Control: Yes
  • Total Actual Rent: 4975.00
  • Total Expenses: 14659.00

Tax Info

  • New Taxes Expense: 4658.00
  • Tax Census Tract: 2377.20
  • Tax Lot: 45
  • Tax Tract Number: 26

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 List to Sale Price per Sq Ft Prior Sale
12/01/2017 12/01/17 Sold $650,000 0.0% $202 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
09/05/2017 09/05/17 Price Changed $650,000 +8.3% $202 / Sq Ft
09/01/2017 09/01/17 For Sale $599,999 +71.4% $187 / Sq Ft
09/07/2012 09/07/12 Sold $350,000 0.0% $109 / Sq Ft View Prior Sale
06/28/2012 06/28/12 Pending -- -- --
06/14/2012 06/14/12 For Sale $350,000 +40.0% $109 / Sq Ft
02/22/2012 02/22/12 Sold $250,000 -11.6% $78 / Sq Ft View Prior Sale
04/12/2011 04/12/11 Pending -- -- --
02/05/2011 02/05/11 For Sale $282,900 -- $88 / 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: RS17168268

California Regional Multiple Listing Service (CRMLS)