$1,050,000

Estimated payment $7,171/month

Total Views 3,804
8 Beds
7 Baths
3,723 Sq Ft
$282 Price per Sq Ft

About This Home

7-Unit Apartment Located in the Hyde Park Neighborhood of Los Angeles | Large 9,477-SF Lot | Rare LAR3 TOC Tier 3 Zoning - Build Up to 21 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 90% in Rental Upside | 10.22% Pro-Forma Cap Rate & 6.78 Pro-Forma GRM | Unit Mix of (One) 2-Bedroom/1-Bathroom House & (Six) 1-Bedroom/1-Bathroom Units | Located Just a Few Blocks from Hyde Park Station for the Crenshaw/LAX Metro Transit Line (K Line) | Offered at $150,000 Per Unit & $282 Per SF | Located 2 Miles from Baldwin Hills Crenshaw Plaza, SoFi Stadium & The Forum and Approximately 2.5 Mile from Intuit Dome (NBA Clippers Arena)

Listing Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 05/15/2025

Co-Listing Agent

Ken Conant

Estate Properties License #00851703

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,462

Year Built

  • Built in 1953

Lot Details

  • 9,477 Sq Ft Lot

Interior Spaces

  • 3,723 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • Uncovered Parking
  • Assigned Parking

Listing and Financial Details

  • Assessor Parcel Number 4006-005-019

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • Vacancy Allowance $2,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,462

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One, Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3723
  • Lot Acreage: 0.2176
  • Price Per Unit: 150000.00
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 282.03

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Parking Garage: Uncovered, Assigned
  • Total Parking: 7

Utilities

  • Number Electric Meters: 7
  • Number Gas Meters: 7

Lot Info

  • Assessed Improvement Percent: 26.09
  • Assessed Improvement Value: 334654
  • Assessed Land Percent: 73.91
  • Assessed Land Value: 948189
  • Total Assessed Value: 1282843
  • Assessor Parcel Number: 4006-005-019
  • Lot Size Area: 9477

Rental Info

  • Total Actual Rent: 81360.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 12.91
  • Number Of Units: 7
  • Total Annual Expense: 42850
  • Type Of Units: 2+1, 1+1
  • Vacancy Allow: 2440
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 13125.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $16,462 $1,308,499 $967,152 $341,347
2024 $16,462 $1,282,843 $948,189 $334,654
2023 $16,161 $1,257,691 $929,598 $328,093
2022 $15,443 $1,233,031 $911,371 $321,660
2021 $15,248 $1,208,854 $893,501 $315,353
2020 $15,396 $1,197,520 $884,340 $313,180
2019 $14,812 $1,174,060 $867,000 $307,060
2018 $8,413 $630,502 $416,160 $214,342
2016 $7,994 $605,000 $400,000 $205,000
2015 $5,217 $371,991 $225,855 $146,136
2014 $5,262 $364,705 $221,431 $143,274
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 For Sale $1,050,000 +73.6% $282 / Sq Ft
01/02/2016 01/02/16 Sold $605,000 -2.4% $163 / Sq Ft
12/14/2015 12/14/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $620,000 -- $167 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $605,000 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Security Union Title Ins Co
Corporate Deed $36,000 Orange Coast Title
Corporate Deed -- Orange Coast Title
Trustee Deed $138,196 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $493,500 Commercial
Closed $493,500 Commercial
Open $30,000,000 Credit Line Revolving
Previous Owner $430,000 Commercial
Previous Owner $100,000 Commercial
Previous Owner $130,000 Seller Take Back
Previous Owner $130,000 Commercial
Source: Public Records

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Source: The MLS

MLS Number: 25539611

The MLS

APN: 4006-005-019