NOT LISTED FOR SALE

721 W 15th St Los Angeles, CA 90731

8 Beds
6 Baths
4,098 Sq Ft
4,810 Sq Ft Lot

Last Sold April 17, 2019

Last sale price $975,000 $238 Per Sq Ft

44 Days on Market

About This Home

As of April 2019

Built in 1976 Property Presents a Perfect Opportunity to Own a Well-Maintained 5-Unit Apartment Building With Desirable Unit Mix of 1, 2 and 3-Bedroom Apartments. 6 On-Site Parking Garages. * Property is Subject to Soft-Story Retrofit.* On-Site Laundry Brings additional income. Property is Separately Metered for Utilities. There is Substantial Upside in Rental Income as units turn over. Property is Located in a Vista Del Oro, a Desirable Location Above Gaffey and Walking Distance to Schools, Shopping, Restaurants and Public Transportation.

Last Agent to Sell the Property

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 02/25/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 02/25/2019

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 4,810 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,098 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 20
  • Assessor Parcel Number 7454030012

Community Details

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,000
  • Insurance Expense $1,800
  • Trash Expense $3,600
  • Water Sewer Expense $2,900
  • New Taxes Expense $13,123
  • Operating Expense $27,873
  • Gross Income $74,842
  • Net Operating Income $48,045

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.30
  • Price Per Unit: 220000
  • Property Attached: Yes
  • Water Sewer Expenses: 2900.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7454030012
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 237.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Walkstreet
  • Lot Size Sq Ft: 4810.00
  • Lot Size Acres: 0.1104

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1000.00
  • Gross Income: 74842.00
  • Gross Multiplier: 14.30
  • Gross Scheduled Income: 72442.00
  • Insurance Expense: 1800.00
  • Laundry Income: 250.00
  • Lot Size Area: 4810.0000 Square Feet
  • Net Operating Income: 48045.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 27873.00
  • Other Income1: 100.00
  • Rent Control: Yes
  • Total Actual Rent: 6037.00
  • Total Expenses: 27873.00
  • Vacancy Allowance: 724

Tax Info

  • New Taxes Expense: 13123.00
  • Tax Census Tract: 2969.01
  • Tax Lot: 12
  • Tax Tract Number: 20

Range of Values:

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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 Change Sq Ft Price
04/17/2019 04/17/19 Sold $975,000 -11.4% $238 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $1,100,000 -- $268 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Olga Wright

    Seller's Agent in 2019

    Olga Wright

    Lyon Stahl Investment Real Estate, Inc.

    (310) 425-9838

    25 in this area

    95 Total Sales

    Section Image
  • Stephen Lampe

    Buyer Co-Listing Agent in 2019

    Stephen Lampe

    RE/MAX

    (310) 802-2500

    12 in this area

    45 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19043282

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90731

721 W 15th St, Los Angeles, CA

This home is located at 721 W 15th St, Los Angeles, CA 90731 since 25 February 2019. This property was built in 1976. 721 W 15th St is a home located in Los Angeles County with nearby schools including Leland Street Elementary School, Dana Middle School, and San Pedro Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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