NOT LISTED FOR SALE
6 Beds
5 Baths
2,832 Sq Ft
7,584 Sq Ft Lot

Last Sold June 03, 2022

Last sale price $790,000 $279 Per Sq Ft

31 Days on Market

About This Home

As of June 2022

This 5 unit bungalow style 60's building is a solid winner in the Red -Hot Hyde Park neighborhood. It is literally 2 blocks from the Hyde Park-Crenshaw Expo station which will connect South LA to the airport. The rents are low, but the phenomenal upside of over 70% in rental income make it a bargain at the Low Price of $170 per Door. The TOC Tier 3 status bodes well for the investor with an eye towards development, as one can build 13 units "By Right" (Check with city).

Last Agent to Sell the Property

Keith Moret

Lyon Stahl Investment Real Estate, Inc. License #01802527 Listed on: 02/01/2022

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Nicholas Ensbury

Keller Williams Beach Cities License #02012167

Last Buyer's Agent

Keith Moret

Keller Williams Beach Cities License #01802527

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,586 Sq Ft Lot
  • East Facing Home

Interior Spaces

  • 2,832 Sq Ft Home
  • 1-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas, electricity, trash collection
  • Assessor Parcel Number 4006-003-006

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • Vacancy Allowance $2,822

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,586 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Additional Assessor Parcel Numbers: No
  • Building Permit: Yes
  • Living Area: 2832
  • Lot Acreage: 0.1741
  • Probate: No
  • Stories: 1
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 5.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 300.00

Exterior Features

  • Direction Faces: East
  • Other Structures: None

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Assigned
  • Total Parking: 5

Utilities

  • Water Heater: Gas
  • Heating: Wall Gas
  • Number Electric Meters: 5
  • Number Gas Meters: 5
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.20
  • Assessed Improvement Value: 101895
  • Assessed Land Percent: 69.8
  • Assessed Land Value: 235525
  • Total Assessed Value: 337420
  • Assessor Parcel Number: 4006-003-006
  • Lot Size Area: 7586

Rental Info

  • Total Actual Rent: 56436.00
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.06
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: Residential
  • Vacancy Allow: 2822
  • Vacancy Allow Percent: 5.00
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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
06/03/2022 06/03/22 Sold $790,000 -7.1% $279 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $850,000 -- $300 / Sq Ft
Source: The MLS

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-128259

The MLS
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