NOT LISTED FOR SALE

944 Centennial St Los Angeles, CA 90012

Chinatown Neighborhood
12 Beds
6 Baths
4,704 Sq Ft
6,750 Sq Ft Lot

Last Sold May 28, 2014

Last sale price $965,000 $205 Per Sq Ft

50 Days on Market

About This Home

As of May 2014

First time on market...EVER!! Please do not disturb tenants or go on the property. Inspection with accepted offer. Well maintained 6 unit building in Chinatown. All units are 2 bedroom and 1 bath. Current rents for financial model reflect fixed increases for units 1,2,4,5,& 6 of 3% on July 1, 2014. Unit 3 fixed increase of 3% on December 1, 2014.(Actual rents less 3% until escalation dates.) Great Chinatown location with close proximity to Downtown, the marketplace, freeways, bus stops and other amenities. Very strong rental market with great demand and huge upside to rents. Los Angeles City rent controlled. One of the sellers has a California Real Estate Sales License.

Last Agent to Sell the Property

Robert Gonzalez

Engel & Völkers La Canada License #00968150 Listed on: 04/08/2014

Last Buyer's Agent

Robert Gonzalez

Engel & Völkers La Canada License #00968150 Listed on: 04/08/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 6,750 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Carpet
  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 5406025003

Community Details

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,500
  • Pest Control $499
  • Trash Expense $1,000
  • Water Sewer Expense $6,240
  • New Taxes Expense $13,200
  • Gross Income $65,306
  • Net Operating Income $37,992

Additional Features

  • Not Applicable 1007242 Subdivision
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • CapRate: 3.80
  • Price Per Unit: 183333
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 6240.00
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5406025003
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Flooring: Carpet
  • Levels: Two

Exterior Features

  • Construction Materials: Frame

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 499.00
  • Trash Expense: 1000.00

Lot Info

  • Lot Size Sq Ft: 6750.00

Multi Family

  • Gross Income: 65306.00
  • Gross Multiplier: 15.40
  • Insurance Expense: 3500.00
  • Laundry Income: 1200.00
  • Net Operating Income: 37992.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Operating Expense: 26649.00
  • Total Actual Rent: 66126.00
  • Vacancy Allowance: 2019

Tax Info

  • New Taxes Expense: 13200.00

Range of Values:

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Average Value
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List Price
Sold Price
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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
05/28/2014 05/28/14 Sold $965,000 0.0% $205 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $965,000 -- $205 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Robert Gonzalez

    Engel & Völkers La Canada

See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-214013752

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Los Angeles 90012 Chinatown

944 Centennial St, Los Angeles, CA

This home is located at 944 Centennial St, Los Angeles, CA 90012 since 08 April 2014. This property was built in 1969. 944 Centennial St is a home located in Los Angeles County with nearby schools including Castelar Elementary School, Florence Nightingale Middle, and Ramón C. Cortines School of Visual and Performing Arts.

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.

Pasadena-Foothills Association of REALTORS® 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.

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