J
Seller's Agent in 2018
Joshua Cohen
Keller Williams South Bay
642 W 74th St Los Angeles, CA 90044
Vermont Knolls Neighborhood
12
Beds
8
Baths
5,375
Sq Ft
7,001
Sq Ft Lot
Highlights
- Lawn
- No HOA
- Laundry Room
About This Home
As of May 2018642 West 74th Street is a seven unit apartment complex in the up and coming South Los Angeles market. The subject property currently has rents well below the market average, and features a potential upside in rents of about 57%. The property consists of one 5,375 sf building, situated on a 7,000 sf lot. The rear of the property also has covered garage parking available. The building is comprised of five 2 bedroom units and two 1 bedroom units, which all feature full size bathrooms. Units are individually metered for both gas and electricity.
The subject property is in an incredibly convenient location. It is located in the heart of South Los Angeles, and is close to several surrounding municipalities such as Inglewood, Huntington Park, and South Gate. There are several elementary schools nearby, and the property is just 5 miles away from both USC and the ongoing NFL Stadium development!
Last Agent to Sell the Property
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 10/18/2017
Last Buyer's Agent
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 10/18/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 7,001 Sq Ft Lot
- No Common Walls
- Lawn
Parking
- 4 Car Garage
Home Design
- 5,375 Sq Ft Home
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 110
- Tax Tract Number 2377
- Assessor Parcel Number 6020023010
Community Details
Overview
- No Home Owners Association
- 7 Units
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,925
- Fuel Expense $1,925
- Gardener Expense $600
- Insurance Expense $4,422
- Maintenance Expense $3,600
- Other Expense $1,617
- New Taxes Expense $13,408
- Operating Expense $27,498
- Gross Income $76,534
- Net Operating Income $49,036
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2018 05/07/18 | Sold | $1,012,500 | -10.0% | $188 / Sq Ft |
| 01/09/2018 01/09/18 | Pending | -- | -- | -- |
| 01/08/2018 01/08/18 | For Sale | $1,125,000 | 0.0% | $209 / Sq Ft |
| 12/27/2017 12/27/17 | Pending | -- | -- | -- |
| 12/13/2017 12/13/17 | For Sale | $1,125,000 | 0.0% | $209 / Sq Ft |
| 11/13/2017 11/13/17 | Pending | -- | -- | -- |
| 11/06/2017 11/06/17 | Price Changed | $1,125,000 | -8.2% | $209 / Sq Ft |
| 10/18/2017 10/18/17 | For Sale | $1,225,000 | +53.1% | $228 / Sq Ft |
| 07/31/2015 07/31/15 | Sold | $800,000 | +10.3% | $149 / Sq Ft |
| 07/08/2015 07/08/15 | Pending | -- | -- | -- |
| 05/01/2015 05/01/15 | For Sale | $725,000 | -- | $135 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Seller's Agent in 2015
Tony Lam
Pinnacle Real Estate Group
(909) 618-3765
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17238641
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