NOT LISTED FOR SALE

Los Angeles, CA 90043

Hyde Park Neighborhood
7 Beds
7 Baths
3,735 Sq Ft
0.26 Acres

Last Sold December 15, 2014

Last sale price $679,000 $182 Per Sq Ft

203 Days on Market

About This Home

As of December 2014

We are pleased to present this seven unit apartment complex in the Hyde Park submarket of the City of Los Angeles. The site is located east of Crenshaw between Slauson and Florence Avenues. The unit mix consists of all one bedroom aparments making it easy to manage. The structure was built in 1929 and contains 3,735 square feet with a large 11,369 square foot lot. The surrounding area is improving as several buildings have been upgraded recently. There is access to public transportation and the units are centrally located near many job centers including the Forum and LAX and within miles of the Staples Center and L.A. Live. This investment provides an immediate cash flow of close to 10%. The CAP rate is attractive at 6.99 as is the 9.43 GRM. The property is subject to rent control. Please do not walk on the property or disturb the tenants.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 05/12/2014

Last Buyer's Agent

Mark MacFarlane

License #01795440

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 0.26

Interior Spaces

  • 3,735 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • Uncovered Parking

Additional Features

  • 0.26 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 4006-003-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 3735
  • Stories: 1
  • Year Built: 1929
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 186.88

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 7

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 217597
  • Assessed Land Value: 483069
  • Assessor Parcel Number: 4006-003-029
  • Geocode Override: No
  • Lot Size Area: 11369

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 9.43
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 22945
  • Type Of Units: Apartments
  • Vacancy Rate: 2220

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
12/15/2014 12/15/14 Sold $679,000 -2.7% $182 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
05/12/2014 05/12/14 For Sale $698,000 -- $187 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2014

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    2 in this area

    32 Total Sales

    Jerome McAlpin
    Section Image

  • M

    Buyer's Agent in 2014

    Mark MacFarlane

See All Agents

Source: The MLS

MLS Number: 14-760305

The MLS
California Los Angeles County Los Angeles 90043

Hyde Park

This home since 12 May 2014. This property was built in 1929. This home is a home located in Los Angeles County with nearby schools including Yes Academy, Horace Mann Ucla Community, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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