NOT LISTED FOR SALE

624 W 16th St Los Angeles, CA 90731

2 Beds
1 Bath
4,504 Sq Ft
5,005 Sq Ft Lot

Last Sold May 24, 2021

Last sale price $1,225,000 $272 Per Sq Ft

About This Home

As of May 2021

5 unit apartment building. Recent exterior paint and landscaping. Four tenants are Section 8.

Last Agent to Sell the Property

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 05/17/2021

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 05/17/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 5,005 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • 4,504 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 13 / 18
  • Tax Tract Number 1
  • Assessor Parcel Number 7454031013

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,576
  • Professional Management Expense $4,700
  • Trash Expense $3,000
  • Water Sewer Expense $4,000
  • New Taxes Expense $15,125
  • Operating Expense $31,331
  • Gross Income $88,296
  • Net Operating Income $59,428

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.59
  • Professional Management Expense: 4700.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4000.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 7454031013
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 271.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Walkstreet
  • Lot Size Sq Ft: 5005.00
  • Lot Size Acres: 0.1149

Multi Family

  • Gross Income: 88296.00
  • Gross Multiplier: 13.68
  • Gross Scheduled Income: 88296.00
  • Insurance Expense: 1576.00
  • Lot Size Area: 5005.0000 Square Feet
  • Net Operating Income: 59428.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 32579.00
  • Rent Control: Yes
  • Total Expenses: 31331.00

Tax Info

  • New Taxes Expense: 15125.00
  • Tax Block: 18
  • Tax Census Tract: 2969.01
  • Tax Lot: 13
  • Tax Tract Number: 1

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 List to Sale Price per Sq Ft
05/24/2021 05/24/21 Sold $1,225,000 +2.1% $272 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $1,200,000 -- $266 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Olga Wright

    Seller's Agent in 2021

    Olga Wright

    Lyon Stahl Investment Real Estate, Inc.

    (310) 425-9838

    26 in this area

    97 Total Sales

    Olga Wright
    Section Image
  • Cameron Samimi

    Seller Co-Listing Agent in 2021

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    11 in this area

    197 Total Sales

    Cameron Samimi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21103936

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90731

624 W 16th St, Los Angeles, CA

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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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