NOT LISTED FOR SALE
9 Beds
8 Baths
4,896 Sq Ft
5,970 Sq Ft Lot

Last Sold December 14, 2015

Last sale price $800,000 $163 Per Sq Ft

66 Days on Market

About This Home

As of December 2015

Excellent opportunity to own 8 Units in the Westmont LA market. Built in 1957 of wood frame and stucco, the property consists of one two-bedroom/one-bath unit and seven one-bedroom/one-bath units.The units are relatively large with comfortable open floor plans, and wood or tile floors. Tenants enjoy a gated enclosed patio, off-street parking, and on-site laundry. Recent upgrades include new driveway pavement, paint and stucco repairs, new water heaters, and limited interior rehab of multiple units. The property is separately metered for gas and electric services, has separate hot water heaters, and is currently completely occupied, providing strong cash flow as well as significant rent upside potential.

Last Agent to Sell the Property

Jacob Hall

Brahman Property License #01912272 Listed on: 07/31/2015

Last Buyer's Agent

Larry Nease

License #00781554

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 5,970

Interior Spaces

  • 4,896 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 9 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Additional Features

  • 5,970 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 6054-022-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4896
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 173.61

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Assigned
  • Total Parking: 9

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 125000
  • Assessed Land Value: 500000
  • Assessor Parcel Number: 6054-022-008
  • Geocode Override: No
  • Lot Size Area: 5970

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.11
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 28779
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Range of Values:

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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 List to Sale Price per Sq Ft
12/14/2015 12/14/15 Sold $800,000 -9.1% $163 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
07/31/2015 07/31/15 For Sale $880,000 -- $180 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-928375

The MLS