$1,150,000
$175K PRICE INCREASE

Estimated payment $7,520/month

Total Views 2,363
11 Beds
5 Baths
3,505 Sq Ft
$328 Price per Sq Ft

About This Home

Five-Unit Apartment on a Large 9,302-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 8.55% Pro-Forma Cap Rate & 8.27 Pro-Forma GRM | 5.41% Current Cap Rate & 11.28 Current GRM | Unit Mix of (One) 3-Bedroom/1-Bathroom House and (Four) 2-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 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 36% in Rental Upside | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) | One Unit Delivered Vacant | Gated Building with 5 Parking Spaces | Offered at $230,000 Per Unit & $328 Per SF

Listing Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 05/20/2025

Co-Listing Agent

Ken Conant

Estate Properties License #00851703

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 9,302 Sq Ft Lot

Interior Spaces

  • 3,505 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Car Garage
  • Uncovered Parking
  • Assigned Parking

Listing and Financial Details

  • Assessor Parcel Number 6032-023-025

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Vacancy Allowance $3,058

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two, One
  • Street Number Display: Yes
  • Living Area: 3505
  • Lot Acreage: 0.2136
  • Price Per Unit: 230000.00
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 328.10

Exterior Features

  • Other Structures: Other
  • Construction: Frame and Stucco
  • Paved: Yes

Garage/Parking

  • Parking Garage: Assigned, Garage, Uncovered
  • Total Parking: 5

Utilities

  • Number Electric Meters: 5
  • Number Gas Meters: 5

Lot Info

  • Assessed Improvement Percent: 27.27
  • Assessed Improvement Value: 250990
  • Assessed Land Percent: 72.73
  • Assessed Land Value: 669310
  • Total Assessed Value: 920300
  • Assessor Parcel Number: 6032-023-025
  • Lot Size Area: 9302

Rental Info

  • Total Actual Rent: 101952.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.28
  • Number Of Units: 5
  • Total Annual Expense: 36679
  • Type Of Units: 3+1 | 2+1
  • Vacancy Allow: 3058
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 1

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 12187.00

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

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Price Changed $1,150,000 +17.9% $328 / Sq Ft
05/20/2025 05/20/25 For Sale $975,000 +18.2% $278 / Sq Ft
09/25/2017 09/25/17 Sold $825,000 0.0% $235 / Sq Ft
08/23/2017 08/23/17 Pending -- -- --
06/26/2017 06/26/17 For Sale $825,000 -- $235 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25541557

The MLS