NOT LISTED FOR SALE

601 W 77th St Los Angeles, CA 90044

Vermont Knolls Neighborhood
10 Beds
5 Baths
3,704 Sq Ft
7,000 Sq Ft Lot

Last Sold September 13, 2022

Last sale price $1,375,000 $371 Per Sq Ft

63 Days on Market

About This Home

As of September 2022

Beautifully remodeled 5-Unit building located at 601
W 77th St. The property is currently operating at an
astounding 6.14% CAP with top of the market rents.
This is the best cash-flow deal on the market!
The property has a strong unit mix, with all five units
having 2-Bedrooms and 1-Bathroom. The front unit
is a large house separated from the remaining
units. The interiors of each unit have all brand-new
cosmetics with very clean finishes, while the exterior
has a fresh layer of paint and new windows. The
driveway and patio areas have been fully repaved
and landscaped.
With one of the highest CAP rates on the market,
this is the perfect investment for any buyer looking
to own property with stable cash-flow and little to
no maintenance required.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 06/14/2022

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

JOOMPONG KONGCHAREON

MASTERS REALTY License #01736339

MASTERS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,000 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 3,704 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 234
  • Tax Tract Number 1234
  • Assessor Parcel Number 6020020021
  • $949 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $31,145
  • Gross Income $117,564
  • Net Operating Income $82,892

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 6.14
  • Price Per Unit: 270000
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 6020020021
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 371.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Multi Family

  • Gross Income: 117564.00
  • Gross Multiplier: 11.48
  • Gross Operating Income: 114031.00
  • Gross Scheduled Income: 117564.00
  • Lot Size Area: 7000.0000 Square Feet
  • Net Operating Income: 82892.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 31145.00
  • Rent Control: Yes
  • Total Expenses: 31145.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2377.20
  • Tax Lot: 234
  • Tax Tract Number: 1234
  • TaxOtherAnnualAssessmentAmount: 949.00

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/13/2022 09/13/22 Sold $1,375,000 +1.9% $371 / Sq Ft
07/13/2022 07/13/22 Price Changed $1,350,000 -1.8% $364 / Sq Ft
06/23/2022 06/23/22 For Sale $1,375,000 0.0% $371 / Sq Ft
06/21/2022 06/21/22 Off Market $1,375,000 -- --
06/14/2022 06/14/22 For Sale $1,375,000 -- $371 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2022

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    1 in this area

    187 Total Sales

    Cameron Samimi
    Section Image

  • J

    Buyer's Agent in 2022

    JOOMPONG KONGCHAREON

    MASTERS REALTY

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22117833

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90044 Vermont Knolls

601 W 77th St, Los Angeles, CA

This home is located at 601 W 77th St, Los Angeles, CA 90044 since 14 June 2022. This property was built in 1924. 601 W 77th St is a home located in Los Angeles County with nearby schools including Loren Miller Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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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