NOT LISTED FOR SALE
15 Beds
9 Baths
12,668 Sq Ft
0.53 Acres

Last Sold December 04, 2015

Last sale price $1,600,000 $126 Per Sq Ft

64 Days on Market

Highlights

  • 0.53 Acre Lot
  • Wrought Iron Fence
  • 2-minute walk to Augustus F. Hawkins Natural Park
  • Corner Lot

About This Home

As of December 2015

SELLERS SAYS SELL IT!!!!!!!WOW HUGE PRICE REDUCTION!REDUCED $$76,000. We are proud to present this attractive twelve unit apartment building in South Los Angeles. This offering consists of One 1-Bedroom, 1-Bathroom unit, Seven 2-Bedroom, 1-Bathroom units, Two 2-Bedroom, 2-Bathroom units, and Two 3-Bedroom, 1-Bathroom units. Bring your investors, this property will not last! Property highlights: -Excellent Unit Mix -Ample On-Site Parking -Fully Occupied -Rental Upside.

Last Agent to Sell the Property

Victor Ambriz Jr

Keller Williams SELA License #00952349 Listed on: 07/09/2015

Keller Williams SELA

Last Buyer's Agent

Susana Hernandez

Excellence RE Real Estate License #01029371

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 0.53 Acre Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Corner Lot

Parking

  • 30 Parking Spaces

Interior Spaces

  • 12,668 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 107
  • Tax Tract Number 2289
  • Assessor Parcel Number 5105017027

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • Rent Control
  • 13 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,000
  • Insurance Expense $7,000
  • Trash Expense $2,500
  • Water Sewer Expense $8,000
  • New Taxes Expense $21,575
  • Gross Income $13,181
  • Net Operating Income $93,468

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 8000.00
  • Property Type: Residential Income
  • Parcel Number: 5105017027
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 126.30

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 30.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: Lot 20000-39999 Sqft, Corner Lot
  • Lot Size Sq Ft: 22944.00
  • Price Per Lot Square Foot: 69.74
  • Lot Size Acres: 0.5270

Multi Family

  • Electric Expense: 6000.00
  • Gross Income: 13181.00
  • Gross Scheduled Income: 158172.00
  • Insurance Expense: 7000.00
  • Lot Size Area: 22944.0000 Square Feet
  • Net Operating Income: 93468.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 56795.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 21575.00
  • Tax Lot: 107
  • Tax Tract Number: 2289
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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
12/04/2015 12/04/15 Sold $1,600,000 -7.3% $126 / Sq Ft
09/11/2015 09/11/15 Pending -- -- --
07/09/2015 07/09/15 For Sale $1,726,000 -- $136 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $24,522 $1,894,069 $1,065,414 $828,655
2024 $24,522 $1,856,931 $1,044,524 $812,407
2023 $24,080 $1,820,522 $1,024,044 $796,478
2022 $23,029 $1,784,826 $1,003,965 $780,861
2021 $22,695 $1,749,830 $984,280 $765,550
2019 $22,056 $1,697,932 $955,087 $742,845
2018 $21,613 $1,664,640 $936,360 $728,280
2016 $20,534 $1,600,000 $900,000 $700,000
2015 $6,593 $430,208 $245,834 $184,374
2014 $6,695 $421,782 $241,019 $180,763
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15163077

California Regional Multiple Listing Service (CRMLS)