NOT LISTED FOR SALE

642 Euclid Ave Los Angeles, CA 90023

8 Beds
6 Baths
3,650 Sq Ft
5,499 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $810,000 $222 Per Sq Ft

9 Days on Market

About This Home

As of March 2023

5 Units LA for $165,000 Per Unit! Private Seller Financing Available! We are pleased to exclusively offer for sale this 5 unit multi-family investment property in the city of East Los Angeles. The property boasts an excellent unit of mix of; 1(3Bed/2Bath), 1(2Bed/1Bath), 3(1Bed/1Bath)s with a total rentable square footage of 3,650 SqFt. The property is 100% copper plumbing and the seismic retrofit has been completed. The current tenants have lived at the subject property for a number of years with rents rarely being increased. This property is poised for an investor familiar with tenant relocation as the property offers 250% upside in rental income. Tenants enjoy onsite parking and an onsite laundry facility. Private Seller Financing Terms: 30% Down Payment, 3 Year Term, 6% Interest Only Payments, no pre-pay penalty.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/01/2023

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/01/2023

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 5,499 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 3,650 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1120
  • Assessor Parcel Number 5186019001

Community Details

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $275
  • Fuel Expense $1,329
  • Insurance Expense $1,800
  • Maintenance Expense $3,750
  • Other Expense $750
  • Trash Expense $38
  • Water Sewer Expense $2,383
  • New Taxes Expense $9,616
  • Operating Expense $19,941
  • Gross Income $33,117
  • Net Operating Income $13,176

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Price Per Unit: 165000
  • Property Attached: Yes
  • Water Sewer Expenses: 2383.00
  • Zoning: LAR2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5186019001
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 221.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Inside
  • Sewer: Public Sewer
  • Trash Expense: 38.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5499.00
  • Lot Size Acres: 0.1262

Multi Family

  • Electric Expense: 275.00
  • Fuel Expense: 1329.00
  • Gross Income: 33117.00
  • Gross Operating Income: 33117.00
  • Gross Scheduled Income: 33117.00
  • Insurance Expense: 1800.00
  • Laundry Income: 170.00
  • Lot Size Area: 5499.0000 Square Feet
  • Maintenance Expense: 3750.00
  • Net Operating Income: 13176.00
  • 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: 19941.00
  • Other Expense: 750.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 19941.00

Tax Info

  • New Taxes Expense: 9616.00
  • Tax Census Tract: 2048.10
  • Tax Lot: 1
  • Tax Tract Number: 1120

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
03/31/2023 03/31/23 Sold $810,000 -1.8% $222 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $825,000 -- $226 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2023

    Kristopher German

    RE/MAX

    (909) 645-0443

    3 in this area

    120 Total Sales

    Kristopher German
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23034544

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90023

642 Euclid Ave, Los Angeles, CA

This home is located at 642 Euclid Ave, Los Angeles, CA 90023 since 01 March 2023. This property was built in 1968. 642 Euclid Ave is a home located in Los Angeles County with nearby schools including Euclid Avenue Elementary School, Robert Louis Stevenson Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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