NOT LISTED FOR SALE
18 Beds
11 Baths
8,040 Sq Ft
9,308 Sq Ft Lot

Sale Details

Date Sold: August 23, 2022

Last sale price $1,850,000 $230 Per Sq Ft

67 Days on Market

About This Home

As of August 2022

We are pleased to present the opportunity to acquire two 11-unit multifamily communities located at 702 West 81st Street and 626 West 81st Street that can be sold together or separate. The subject properties are walking distance to multiple transit options, facilitating residents the ability to travel throughout Los Angeles and provides convenient access to daily errands and retail options. Positioned just four miles from the University of Southern California and 3.7 miles from the Forum and the SoFi Stadium, 626 and 702 West 81st Street are located south of Florence Avenue and East of Vermont Avenue near the 110 freeway. Built in 1965, 626 West 81st Street consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Two units will be delivered vacant, providing investors an immediate value-add opportunity. Built in 1961, 702 West 81st Street also consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Investors will have the opportunity to acquire a value-add investment with 90% upside through unit renovations.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 04/01/2022

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 04/01/2022

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,308 Sq Ft Lot

Interior Spaces

  • 8,040 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 11 Bathrooms

Parking

  • 8 Parking Spaces
  • Covered Parking

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 6032-023-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

9,308 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8040
  • Lot Acreage: 0.2137
  • Probate: No
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 11.00
  • Price Per S Q F T: 261.19

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 81.96
  • Assessed Improvement Value: 133613
  • Assessed Land Percent: 18.04
  • Assessed Land Value: 29414
  • Total Assessed Value: 163027
  • Assessor Parcel Number: 6032-023-004
  • Lot Size Area: 9308

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.55
  • Number Of Units: 11
  • Type Of Units: Residential

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Outstanding Balance
$1,222,720
Interest Rate
5.51%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,850,000 Ticor Title Company Of Califor
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,295,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/23/2022 08/23/22 Sold $1,850,000 -11.9% $230 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $2,100,000 -- $261 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,422 $1,924,740 $1,456,560 $468,180
2024 $24,081 $1,887,000 $1,428,000 $459,000
2023 $23,635 $1,850,000 $1,400,000 $450,000
2022 $3,377 $166,287 $30,002 $136,285
2021 $3,291 $163,027 $29,414 $133,613
2019 $2,870 $158,193 $28,543 $129,650
2018 $2,689 $155,092 $27,984 $127,108
2016 $2,491 $149,072 $26,899 $122,173
2015 $2,465 $146,833 $26,495 $120,338
2014 $2,553 $143,957 $25,976 $117,981
Source: Public Records

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Map

Source: The MLS

MLS Number: 22-142429

The MLS
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