NOT LISTED FOR SALE

6049 Allston St Los Angeles, CA 90022

2 Beds
1 Bath
6,708 Sq Ft
7,475 Sq Ft Lot

Last Sold December 31, 2014

Last sale price $900,000 $134 Per Sq Ft

39 Days on Market

About This Home

As of December 2014

(Drive By Only, Please Do Not Disturb Tenants)

Highlights: Very Large 800+ Sq. Ft. Units, Located 1.5 Miles From Citadel Outlets, Long Term Tenants, 100% Occupancy Area, Centrally Located near the 710, 60 & 5 Freeways, Upgraded Windows & Electrical System, Non Rent Control Building

The property is an 8-Unit multi-family asset comprised of 8 two-bedroom/one-bathroom units which have been converted by the owner from 8 very large one-bedroom/one-bathroom units to maximize income (Buyer to verify permits). The property sits in a high density submarket with rising rents, low vacancy and turn over. Located in the County of Los Angeles, Allston Apartments is Not subject to rent control restrictions.

Allston Apartments Is desirably located near major employers such as , LA Live, Los Angeles Convention Center, Citadel Outlets, and Montebello Golf Course. Tenants are able to take advantage of close proximity to local businesses, bus transportation, and shopping.

Last Agent to Sell the Property

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 09/25/2014

Last Buyer's Agent

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 09/25/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 7,475 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 8 Parking Spaces

Home Design

  • 6,708 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 136
  • Tax Tract Number 8366
  • Assessor Parcel Number 6339009018

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,386
  • Maintenance Expense $6,699
  • Professional Management Expense $2,386
  • Trash Expense $4,422
  • Water Sewer Expense $4,422
  • New Taxes Expense $11,390
  • Gross Income $8,800
  • Net Operating Income $64,454

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • CapRate: 6.45
  • Professional Management Expense: 2386.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4422.00
  • Property Type: Residential Income
  • Parcel Number: 6339009018
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 134.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 4422.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7475.00
  • Lot Size Acres: 0.1720

Multi Family

  • Average2 Bed Area: 838
  • Gross Income: 8800.00
  • Gross Multiplier: 9.47
  • Gross Scheduled Income: 105600.00
  • Insurance Expense: 2386.00
  • Lot Size Area: 7475.0000 Square Feet
  • Maintenance Expense: 6699.00
  • Net Operating Income: 64454.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 35866.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11390.00
  • Tax Lot: 136
  • Tax Tract Number: 8366
  • Tax Year: 2013

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
12/31/2014 12/31/14 Sold $900,000 -10.0% $134 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
09/25/2014 09/25/14 For Sale $1,000,000 -- $149 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Albert Le

    Seller's Agent in 2014

    Albert Le

    LE INVESTMENT GROUP

    (909) 256-7889

    26 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14206408

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90022

6049 Allston St, Los Angeles, CA

This home is located at 6049 Allston St, Los Angeles, CA 90022 since 25 September 2014. This property was built in 1928. 6049 Allston St is a home located in Los Angeles County with nearby schools including Montebello Park Elementary School, Eastmont Intermediate School, and Schurr High School.

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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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