Seller's Agent in 2016
Ellen Fu
High Ten Partners, Inc.
(626) 462-5668
4 Total Sales
719 N Bunker Hill Ave Los Angeles, CA 90012
Chinatown Neighborhood
15
Beds
10
Baths
13,525
Sq Ft
0.25
Acres
Highlights
- 11,063 Sq Ft lot
- Laundry Room
- Front Yard
- No HOA
About This Home
As of June 2016This is a Living Trust Sale. First Time on the Market since 1976. Custom built beautiful 14-Unit Apartment located in the heart of Chinatown.
Excellent Location. Close to Downtown, the marketplace, freeways, bus stops and other amenities.
The 14 Units consist of 6 - 2 Bedroom/1 Bath and 8 - 1 Bedroom/1 Bath units on a large 11,063 sqft. lot. All units are good sized.
$153,571/Per Unit.
Current rent as of April 1st, 2016 is $ 12,297/Month
Fully rented . Rents are below market value with great demand and tremendous upside for investors. Los Angeles City rent controlled.
A new $20,000 title 24 coating roofing system was installed on the roof in 2016. . One unit was recently renovated.
Community laundry room with coin operated machines.
The property is to be sold in “As Is” present physical condition. Trustees will not do any repair work or provide termite report or completion report.
Last Agent to Sell the Property
High Ten Partners, Inc. License #00774584 Listed on: 04/18/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 0.25 Acre Lot
- Two or More Common Walls
- Front Yard
Parking
- 8 Car Garage
- 8 Carport Spaces
- Parking Available
- Parking Lot
Home Design
- Property Attached
- Stucco
Interior Spaces
- 13,525 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 15 Bedrooms
- 10 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 3,4 / 4
- Tax Tract Number 5407
- Assessor Parcel Number 5407005021
Community Details
Overview
- No Home Owners Association
- 14 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 15 Separate Electric Meters
- 15 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,211
- Insurance Expense $9,847
- Maintenance Expense $10,693
- Other Expense $309
- Pest Control $560
- Trash Expense $2,809
- Water Sewer Expense $13,650
- New Taxes Expense $25,800
- Gross Income $12,297
- Net Operating Income $70,617
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2016 06/21/16 | Sold | $2,750,000 | +27.9% | $203 / Sq Ft |
| 05/20/2016 05/20/16 | Pending | -- | -- | -- |
| 04/18/2016 04/18/16 | For Sale | $2,150,000 | -- | $159 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Ellen Fu
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS16081298
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