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Seller's Agent in 2020
Neema Ahadian
Marcus & Millichap
(213) 943-1800
90 Total Sales
Estimated Value: $602,000 - $857,000
The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.* This offering can be purchased individually or collectively
Last Agent to Sell the Property
Marcus & Millichap License #01346750 Listed on: 10/22/2019
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Moga 1967 Lp | $3,250,000 | Provident Title | |
| Sola Impact Fund Ii Lp | $444,000 | Ticor Title Co | |
| Avila Ramon | -- | Accommodation | |
| Madrigal Gonzalo | $302,000 | Gateway Title Company | |
| Parra Lucy | $245,000 | Southland Title Company | |
| Sanchez Robert | $235,000 | Southland Title | |
| Ponce Maria I | $230,000 | Gateway Title Company | |
| Tun Pablo | $140,000 | Southland Title Corporation |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Madrigal Gonzalo | $271,800 | |
| Previous Owner | Parra Lucy | $196,000 | |
| Previous Owner | Sanchez Robert | $231,369 | |
| Previous Owner | Ponce Maria I | $207,000 | |
| Previous Owner | Tun Pablo | $155,000 | |
| Closed | Parra Lucy | $49,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2020 03/10/20 | Sold | $500,001 | -29.6% | $250 / Sq Ft |
| 02/03/2020 02/03/20 | Pending | -- | -- | -- |
| 10/22/2019 10/22/19 | For Sale | $710,000 | -- | $355 / Sq Ft |
| 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 | $6,387 | $505,191 | $341,347 | $163,844 |
| 2024 | $6,387 | $495,286 | $334,654 | $160,632 |
| 2023 | $6,269 | $485,576 | $328,093 | $157,483 |
| 2022 | $5,987 | $476,056 | $321,660 | $154,396 |
| 2021 | $5,909 | $466,722 | $315,353 | $151,369 |
| 2020 | $5,964 | $462,357 | $312,120 | $150,237 |
| 2019 | $5,739 | $453,300 | $306,000 | $147,300 |
| 2018 | $5,646 | $444,420 | $300,000 | $144,420 |
| 2016 | $6,631 | $531,020 | $219,334 | $311,686 |
| 2015 | $6,537 | $523,045 | $216,040 | $307,005 |
| 2014 | $6,581 | $512,801 | $211,809 | $300,992 |
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Seller's Agent in 2020
Neema Ahadian
Marcus & Millichap
(213) 943-1800
90 Total Sales
Source: The MLS
MLS Number: 19-530460
APN: 6023-022-031
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