NOT LISTED FOR SALE

706 W 81st St Los Angeles, CA 90044

Vermont Knolls Neighborhood
8 Beds
8 Baths
4,110 Sq Ft
9,308 Sq Ft Lot

Last Sold February 01, 2018

Last sale price $1,220,000 $297 Per Sq Ft

82 Days on Market

About This Home

As of February 2018

Take advantage of the Los Angeles housing crisis. eight-unit garden style income property is a solid investment at $153,750 a door. Scheduled Cap Rate of 9 with 3% increase in current rent and the three bedroom unit rented at market rent. This Vermont Knolls complex is gated and consistently maintains 100% occupancy. Upgrades including a new roof in 2017, copper plumbing, granite counter tops, and wood flooring in many of the units. Most rents are close to market so there is room to increase rents. Easily navigate through the city, to work, school or for fun from nearby bus stops, metro train & rail stations. Nearby major attractions: Staples Center, LA Convention Center, LA Live, Regal Cinemas, L.A. Rams Coliseum stadium. The property is situated close to L.A.'s top colleges: USC, Mount St. Mary's, FIDM, Loyola Law School along with other highly coveted top-rated charter schools.

Last Agent to Sell the Property

xRudy Zuniga

West Shores Realty, Inc. License #01489677 Listed on: 10/20/2017

Last Buyer's Agent

Glenn Shelhamer

The Shelhamer Real Estate Group License #01950995

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 9,308

Interior Spaces

  • 4,110 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Uncovered Parking

Additional Features

  • 9,308 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 8 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 6032-023-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Take advantage of the Los Angeles housing crisis. eight-unit garden style income property is a solid investment at $153,750 a door. Scheduled Cap Rate of 9 with 3% increase in current rent and the three bedroom unit rented at market rent. This Vermont Knolls complex is gated and consistently maintains 100% occupancy. Upgrades including a new roof in 2017, copper plumbing, granite counter tops, and wood flooring in many of the units. Most rents are close to market so there is room to increase rents. Easily navigate through the city, to work, school or for fun from nearby bus stops, metro train & rail stations. Nearby major attractions: Staples Center, LA Convention Center, LA Live, Regal Cinemas, L.A. Rams Coliseum stadium. The property is situated close to L.A.'s top colleges: USC, Mount St. Mary's, FIDM, Loyola Law School along with other highly coveted top-rated charter schools.
  • Alley: Yes
  • Living Area: 4110
  • Probate: No
  • Stories: 1
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 299.27

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: On street, Uncovered
  • Total Parking: 4

Utilities

  • Heating: Wall Gas
  • Water Expense: 5412.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2300.00
  • Other Expense: 720.00

Lot Info

  • Assessed Land Value: 673110
  • Assessor Parcel Number: 6032-023-005
  • Geocode Override: No
  • Lot Size Area: 9308

Rental Info

  • Monthly Gross Income: 9157.00
  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 9.09
  • Gross Scheduled Income: 109884.00
  • Gross Spendable Income: 109884.00
  • Number Of Units: 8
  • Rent Control: 100
  • Type Of Units: 8

Tax Info

  • Tax Expense: 15625.00

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
02/01/2018 02/01/18 Sold $1,220,000 0.0% $297 / Sq Ft
01/31/2018 01/31/18 Off Market $1,220,000 -- --
01/27/2018 01/27/18 For Sale $1,230,000 0.0% $299 / Sq Ft
01/27/2018 01/27/18 Price Changed $1,230,000 -1.6% $299 / Sq Ft
01/10/2018 01/10/18 Pending -- -- --
01/09/2018 01/09/18 Pending -- -- --
12/12/2017 12/12/17 Price Changed $1,250,000 +4.6% $304 / Sq Ft
10/20/2017 10/20/17 For Sale $1,195,000 -- $291 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • x

    Seller's Agent in 2018

    xRudy Zuniga

    West Shores Realty, Inc.

    Section Image
  • Glenn Shelhamer

    Buyer's Agent in 2018

    Glenn Shelhamer

    The Shelhamer Real Estate Group

    (310) 913-9477

    64 Total Sales

    Glenn Shelhamer
    Section Image
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Map

Source: The MLS

MLS Number: 17-282476

The MLS
California Los Angeles County Los Angeles 90044 Vermont Knolls

706 W 81st St, Los Angeles, CA

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