Seller's Agent in 2021
Austin Longwell
West Shores Realty, Inc.
(626) 408-4420
1 in this area
12 Total Sales
712 E Rosecrans Ave Unit A Los Angeles, CA 90059
West Compton Neighborhood
15
Beds
5
Baths
10,840
Sq Ft
0.71
Acres
Highlights
- 0.71 Acre Lot
- Private Yard
- Laundry Room
About This Home
As of April 2021We are pleased to present this incredibly rare opportunity to purchase a portfolio of homes located at 712 & 718 E Rosecrans in Central Los Angeles, CA 90059. This unique value-add 8-unit portfolio provides almost any investor an opportunity to create endless value at an incredibly reasonable price of $1,500,000.
Either buy, rehab, and hold for major rental upside, add on to existing structures, or develop into a multitude of options. The possibilities are endless!
The featured properties are situated on two contiguous lots with more than 15k sf and 4 units each. This allows prospective buyers to qualify for both residential and commercial lending. There are currently 8 existing 3-bedroom detached homes totaling over 10k sf of livable space with ample parking, courtyard, and private yard and patio areas. Both lots are zoned LCR3 and can easily be combined or subdivided depending on owner’s needs.This opportunity boasts a pro forma cap rate over 11%, and an opportunity to develop 30 units at 50k/door. A developer dream; the property is priced at $138/foot and 187k/door. Call now as this opportunity will not last long.
Last Agent to Sell the Property
West Shores Realty, Inc. License #02036524 Listed on: 02/13/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 0.71 Acre Lot
- Two or More Common Walls
- Private Yard
- Density is up to 1 Unit/Acre
Home Design
- 10,840 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 15 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 8 Open Parking Spaces
- 16 Parking Spaces
- 8 Carport Spaces
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot F
- Tax Tract Number 578
- Assessor Parcel Number 6137006039
Community Details
Overview
- 8 Buildings
- 8 Units
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,800
- Gardener Expense $600
- Insurance Expense $2,015
- Maintenance Expense $3,600
- Professional Management Expense $3,456
- Trash Expense $1,500
- Water Sewer Expense $1,500
- New Taxes Expense $18,750
- Operating Expense $33,221
- Gross Income $72,000
- Net Operating Income $35,899
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2021 04/17/21 | Sold | $1,450,000 | -3.3% | $134 / Sq Ft |
| 03/04/2021 03/04/21 | Price Changed | $1,500,000 | +3.4% | $138 / Sq Ft |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- |
| 10/05/2020 10/05/20 | Off Market | $1,450,000 | -- | -- |
| 05/19/2020 05/19/20 | For Sale | $1,500,000 | 0.0% | $138 / Sq Ft |
| 05/07/2020 05/07/20 | Pending | -- | -- | -- |
| 04/27/2020 04/27/20 | For Sale | $1,500,000 | 0.0% | $138 / Sq Ft |
| 02/24/2020 02/24/20 | Pending | -- | -- | -- |
| 02/13/2020 02/13/20 | For Sale | $1,500,000 | -- | $138 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Austin Longwell
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20029512
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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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