$1,595,000
$100K PRICE DROP PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

Estimated payment $10,018/month

Total Views 1,142
10 Beds
6 Baths
4,924 Sq Ft
$324 Price per Sq Ft

About This Home

Developers! Prime Opportunity Zone investment located on a 10,324 Sq Ft LAR3-zoned lot in the highly desirable Mid-Wilshire area. This property features three separate buildings and is situated within a TOC Tier 3 zone, offering excellent potential for increased density and attractive tax incentives. Each unit includes its own washer/dryer hookups and is separately metered, providing convenience for tenants and operational efficiency for ownership. The buildings have been well maintained and offer significant rental upside in a rapidly developing neighborhood, just minutes from Los Angeles City College. Do not disturb occupants. Interior inspections to be scheduled upon accepted offer.

Listing Agent

Richie Herrera

JohnHart Real Estate Brokerage Phone: 818-606-9891 License #01974804 Listed on: 07/24/2025

JohnHart Real Estate

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1922

Lot Details

  • 10,327 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,924 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 143
  • Assessor Parcel Number 5520009005

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $7,200
  • Water Sewer Expense $12,000
  • Operating Expense $19,200
  • Gross Income $58,236
  • Net Operating Income $21,308

Property Details

Home Type

Apartment

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 265833
  • Property Attached: No
  • Water Sewer Expenses: 12000.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5520009005
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 323.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10327.00
  • Lot Size Acres: 0.2371

Rental Info

  • Garage Rental Rate: 300.00

Multi Family

  • Gross Income: 58236.00
  • Gross Operating Income: 58236.00
  • Gross Scheduled Income: 85380.00
  • Insurance Expense: 7200.00
  • Lot Size Area: 10327.0000 Square Feet
  • Net Operating Income: 21308.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 6
  • Operating Expense: 139296.00
  • Rent Control: No
  • Total Expenses: 19200.00

Tax Info

  • Tax Census Tract: 1926.10
  • Tax Lot: 143

Map

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
09/11/2025 09/11/25 Price Changed $1,595,000 -5.9% $324 / Sq Ft
07/24/2025 07/24/25 For Sale $1,695,000 -3.1% $344 / Sq Ft
07/18/2018 07/18/18 Sold $1,750,000 0.0% $355 / Sq Ft
04/16/2018 04/16/18 For Sale $1,750,000 -- $355 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25165755

California Regional Multiple Listing Service (CRMLS)