NOT LISTED FOR SALE

5700 Corbett St Los Angeles, CA 90016

Baldwin Hills Neighborhood
12 Beds
8 Baths
6,604 Sq Ft
0.36 Acres

Last Sold September 08, 2022

Last sale price $2,435,000 $369 Per Sq Ft

34 Days on Market

Highlights

  • 0.36 Acre Lot
  • 4-minute walk to La Cienega/Jefferson
  • Park
  • Traditional Architecture
  • Wood Flooring
  • Laundry Room

About This Home

As of September 2022

Great 8 unit property for sale in a prime location! This property consist of four 2BR 1BA and four 1BR 1BA units. All separately metered for gas and electric. Property is located in a desired redevelopment area close to the west side. Units consist of hardwood and tiled floors. There is a separate laundry room next to 8 carports. Property is fully occupied with tenants on month to month leases. Please do not disturb occupants!

Last Agent to Sell the Property

Jihad Abdus-Shakoor

Shakoor Realty License #01308246 Listed on: 03/24/2022

Last Buyer's Agent

Jihad Abdus-Shakoor

Shakoor Realty License #01308246 Listed on: 03/24/2022

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1948

Lot Details

  • 0.36 Acre Lot
  • No Common Walls
  • Front Yard

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Stucco

Interior Spaces

  • 6,604 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Detached Carport Spaces
  • Parking Available
  • Parking Lot

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Tax Tract Number 220
  • Assessor Parcel Number 5047019013

Community Details

Overview

  • 8 Units
  • Kenneth Hahn

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $420
  • Gardener Expense $1,440
  • Insurance Expense $3,400
  • Other Expense $24,000
  • Trash Expense $2,880
  • Operating Expense $32,140
  • Gross Income $140,940
  • Net Operating Income $108,800

Property Details

Home Type

Apartment

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.50
  • Park Name: Kenneth Hahn
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained
  • View: No
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5047019013
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood, Tile, Laminate
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 297.55

Exterior Features

  • Foundation: Raised
  • Fence: No
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Detached Carport, Parking Space
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Unknown
  • Trash Expense: 2880.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 15740.00
  • Lot Size Acres: 0.3613

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 420.00
  • Gross Income: 140940.00
  • Gross Multiplier: 13.90
  • Gross Operating Income: 142440.00
  • Gross Scheduled Income: 146400.00
  • Insurance Expense: 3400.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1500.00
  • Lot Size Area: 15740.0000 Square Feet
  • Net Operating Income: 108800.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 32140.00
  • Other Expense: 24000.00
  • Other Expense Description: Water & Lights
  • Rent Control: Yes
  • Total Actual Rent: 140940.00
  • Total Expenses: 32140.00

Tax Info

  • Tax Lot: 13
  • Tax Tract: 14457
  • Tax Tract Number: 220...

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
09/08/2022 09/08/22 Sold $2,435,000 +23.9% $369 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $1,965,000 -19.3% $298 / Sq Ft
04/01/2022 04/01/22 Off Market $2,435,000 -- --
03/24/2022 03/24/22 For Sale $1,965,000 -- $298 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jihad Abdus-Shakoor

    Seller's Agent in 2022

    Jihad Abdus-Shakoor

    Shakoor Realty

    (213) 910-1072

    1 in this area

    20 Total Sales

    Jihad Abdus-Shakoor
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-8775

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Los Angeles 90016 Baldwin Hills

5700 Corbett St, Los Angeles, CA

This home is located at 5700 Corbett St, Los Angeles, CA 90016 since 24 March 2022. This property was built in 1948. 5700 Corbett St is a home located in Los Angeles County with nearby schools including Baldwin Hills 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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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