NOT LISTED FOR SALE
10 Beds
5 Baths
3,210 Sq Ft
6,062 Sq Ft Lot

Last Sold January 11, 2021

Last sale price $1,325,000 $413 Per Sq Ft

76 Days on Market

Highlights

  • Built in 1924 | Newly Remodeled
  • Tankless Water Heater
  • 5-minute walk to 49th Street Park

About This Home

As of January 2021

GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Fully-occupied, stabilized, strong cash-flow. Some tenants Section 8. Great 1031 Exchange property.

Last Agent to Sell the Property

Zachary Krasman

Compass License #01814990 Listed on: 07/25/2020

Compass

Last Buyer's Agent

Juan Michael

Forward Real Estate License #01830409

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Newly Remodeled

Lot Details

  • 6,062 Sq Ft Lot
  • Lot Dimensions are 40x150

Home Design

  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Stucco

Interior Spaces

  • 3,210 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Window Unit Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5108-013-005

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 3210
  • Lot Acreage: 0.1392
  • Lot Dimensions: 40x150
  • Price Per Unit: 279800.00
  • Probate: No
  • Property Condition: New Construction, Additions/Alter, Repairs Major, Repair Cosmetic, Updated/Remodeled
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 435.83

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 5
  • Total Parking: 5

Utilities

  • Water Heater: Tankless
  • Cooling: Window Unit(s)
  • Heating: Combination
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 62.50
  • Assessed Improvement Value: 265259
  • Assessed Land Percent: 37.5
  • Assessed Land Value: 159154
  • Total Assessed Value: 424413
  • Assessor Parcel Number: 5108-013-005
  • Lot Size Area: 6062

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: Multifamily
  • Vacancy Allow Percent: 3.00
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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 Prior Sale
01/11/2021 01/11/21 Sold $1,325,000 -5.3% $413 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
10/05/2020 10/05/20 Price Changed $1,399,000 -11.2% $436 / Sq Ft
08/06/2020 08/06/20 Price Changed $1,575,000 -6.0% $491 / Sq Ft
07/25/2020 07/25/20 For Sale $1,675,000 +196.5% $522 / Sq Ft
02/15/2019 02/15/19 Sold $565,000 -8.9% $176 / Sq Ft View Prior Sale
01/21/2019 01/21/19 Pending -- -- --
11/29/2018 11/29/18 Price Changed $620,000 -4.6% $193 / Sq Ft
11/08/2018 11/08/18 For Sale $650,000 +62.5% $202 / Sq Ft
12/21/2012 12/21/12 Sold $400,000 -11.1% $599 / Sq Ft View Prior Sale
12/03/2012 12/03/12 Pending -- -- --
01/10/2010 01/10/10 For Sale $450,000 -- $674 / Sq Ft
Source: The MLS

Tax History

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 $17,974 $1,434,220 $649,458 $784,762
2024 $17,756 $1,406,099 $636,724 $769,375
2023 $17,422 $1,378,530 $624,240 $754,290
2022 $16,632 $1,351,500 $612,000 $739,500
2021 $8,268 $630,706 $412,226 $218,480
2020 $8,354 $624,240 $408,000 $216,240
2019 $6,047 $441,558 $165,583 $275,975
2018 $5,943 $432,901 $162,337 $270,564
2016 $5,627 $416,092 $156,034 $260,058
2015 $5,553 $409,843 $153,691 $256,152
2014 $5,602 $401,816 $150,681 $251,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-609460

The MLS