Seller's Agent in 2023
John Katnik
BRC Advisors- BH
(310) 956-2291
8 in this area
68 Total Sales
903 Lakme Ave Los Angeles, CA 90744
Estimated Value: $1,656,734
25
Beds
4
Baths
5,140
Sq Ft
$322/Sq Ft
Est. Value
About This Home
As of April 2023We are pleased to present this 24 unit SRO (Single Room Occupancy) located in the heart of Wilmington. The offering consists of 23 SRO units that include a private sink and 1 - 2 bedroom / 1 bathroom manager's apartment unit. All units are currently occupied on month to month terms at under market rents. In total, the building sits on a 8,636 sq ft lot and features 13 open parking spaces. Offered at $58k/bedroom and $282/ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 6.85% Cap Rate & 7.88 GRM. There is rental upside potential to a 9.20% Pro-Forma Cap Rate & 6.47 Pro-Forma GRM. This property is a part of a 8 building portfolio in Wilmington. Each property in the portfolio is being offered individually or can be bought together! Each building in the portfolio is less than a mile away from each other and most are within a few blocks of each other.
Last Agent to Sell the Property
BRC Advisors- BH License #02002695 Listed on: 03/08/2023
Last Buyer's Agent
Andres Diaz
Keller Williams Downtown LA License #01956479
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 8,636
Interior Spaces
- 5,140 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 25 Bedrooms
- 4 Bathrooms
Parking
- 13 Open Parking Spaces
- 13 Parking Spaces
- Unassigned Parking
Additional Features
- 8,636 Sq Ft Lot
- Central Heating
Community Details
- 24 Units
- Rent Control
Listing and Financial Details
- The owner pays for water, electricity, gas
- Assessor Parcel Number 7423-010-013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%
Purchase Details
Closed on
Feb 23, 1998
Sold by
Miguelez Miguel D
Bought by
Miguelez M D and Miguelez Doris S
Purchase Details
Closed on
Feb 4, 1998
Sold by
1998 Miguelez Family Trust
Bought by
Balubhai Patel Separate Property Revocable Tr
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tegel | -- | -- | |
| Miguelez M D | -- | -- | |
| Balubhai Patel Separate Property Revocable Tr | $1,450,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tegel | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/06/2023 04/06/23 | Sold | $1,450,000 | 0.0% | $282 / Sq Ft |
| 03/27/2023 03/27/23 | Pending | -- | -- | -- |
| 03/08/2023 03/08/23 | For Sale | $1,450,000 | -- | $282 / 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 | $18,835 | $1,508,580 | $832,320 | $676,260 |
| 2024 | $18,591 | $1,479,000 | $816,000 | $663,000 |
| 2023 | $2,051 | $100,321 | $34,608 | $65,713 |
| 2022 | $1,984 | $98,355 | $33,930 | $64,425 |
| 2021 | $1,932 | $96,427 | $33,265 | $63,162 |
| 2019 | $1,891 | $93,569 | $32,279 | $61,290 |
| 2018 | $1,705 | $91,736 | $31,647 | $60,089 |
| 2016 | $1,578 | $88,175 | $30,419 | $57,756 |
| 2015 | $1,563 | $86,852 | $29,963 | $56,889 |
| 2014 | $1,592 | $85,152 | $29,377 | $55,775 |
Source: Public Records
Agents Affiliated with this Home
-
John Katnik
-
A
Buyer's Agent in 2023
Andres Diaz
Keller Williams Downtown LA
Map
Source: The MLS
MLS Number: 23-249057
APN: 7423-010-013
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.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 1020 Broad Ave
- 1046 N Banning Blvd
- 1137 N Banning Blvd
- 1138 N Banning Blvd
- 1056 N Fries Ave
- 1060 Mcfarland Ave
- 823 Lagoon Ave
- 1127 Mcfarland Ave
- 815 W G St
- 1049 Sanford Ave
- 1057 N Neptune Ave
- 703 W Anaheim St
- 1262 N Lagoon Ave
- 1068 McDonald Ave
- 1341 N Fries Ave
- 705 McDonald Ave
- 1301 W I St
- 1305 W I St
- 703 W L St
- 1207 Bay View Ave
Your Personal Tour Guide
Ask me questions while you tour the home.