Seller's Agent in 2014
Jerome McAlpin
McAlpin & Company
(310) 902-8977
3 in this area
32 Total Sales
7
Beds
7
Baths
3,735
Sq Ft
11,326
Sq Ft Lot
About This Home
As of December 2014We 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
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
- 11,369 Sq Ft 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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| 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 | $13,568 | $1,052,488 | $736,742 | $315,746 |
| 2024 | $13,568 | $1,031,852 | $722,297 | $309,555 |
| 2023 | $13,326 | $1,011,621 | $708,135 | $303,486 |
| 2022 | $12,749 | $991,786 | $694,250 | $297,536 |
| 2021 | $12,585 | $972,340 | $680,638 | $291,702 |
| 2020 | $12,704 | $963,100 | $673,659 | $289,441 |
| 2019 | $12,234 | $944,230 | $660,450 | $283,780 |
| 2018 | $12,006 | $925,730 | $647,500 | $278,230 |
| 2016 | $9,057 | $689,354 | $486,304 | $203,050 |
| 2015 | $8,935 | $679,000 | $479,000 | $200,000 |
| 2014 | $9,475 | $703,846 | $485,262 | $218,584 |
Source: Public Records
Agents Affiliated with this Home
-
Jerome McAlpin
-
M
Buyer's Agent in 2014
Mark MacFarlane
Source: The MLS
MLS Number: 14-760305
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© 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.
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