NOT LISTED FOR SALE

Los Angeles, CA 90044

Westmont Neighborhood
12 Beds
10 Baths
6,930 Sq Ft
9,098 Sq Ft Lot

Last Sold September 30, 2013

Last sale price $960,000 $139 Per Sq Ft

36 Days on Market

About This Home

As of September 2013

Don't hesitate on this great opportunity in South Los Angeles! This clean, well maintained 10 Unit building is producing over $9,600 per month. There is a great mix of 8 one bedroom units and 2 two bedroom units. The complex is located south of Century Boulevard and west of Vermont Avenue in the County Strip. This is a non-rent controlled area so there are no SCEP inspections and rents can be raised without restriction. There is a gated, open parking space for each unit and there is a laundry room which provides additional income. This iinvestment is being offered at an attractive 8.5 GRM and 7.82 CAP rate. At list price, this deal provides over a 10% cash on cash return. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS. BROKERS AND PRINCIPALS WHO IGNORE THIS REQUEST WILL NOT RECEIVE ANY CONSIDERATION.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 06/03/2013

Last Buyer's Agent

Kerri Wareberg

License #000000000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 9,098

Interior Spaces

  • 12 Bedrooms
  • 6,930 Sq Ft Home
  • 2-Story Property

Parking

  • 10 Parking Spaces
  • Uncovered Parking

Additional Features

  • 9,098 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 6060-008-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Additional Assessor Parcel Numbers: No
  • Living Area: 6930
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 141.41

Exterior Features

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

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 10

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 338294
  • Assessed Land Value: 230038
  • Assessor Parcel Number: 6060-008-004
  • Geocode Override: No
  • Lot Size Area: 9098

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 8.50
  • Number Of Units: 10
  • Rent Control: 0
  • Total Annual Expense: 35072
  • Type Of Units: Apartments
  • Vacancy Rate: 3456

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
09/30/2013 09/30/13 Sold $960,000 -2.0% $139 / Sq Ft
07/09/2013 07/09/13 Pending -- -- --
06/03/2013 06/03/13 For Sale $980,000 -- $141 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2013

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    2 in this area

    32 Total Sales

    Jerome McAlpin
    Section Image

  • K

    Buyer's Agent in 2013

    Kerri Wareberg

  • C

    Buyer's Agent in 2013

    Chris Marple

See All Agents

Source: The MLS

MLS Number: 13-677773

The MLS
California Los Angeles County Los Angeles 90044

Westmont

This home since 03 June 2013. This property was built in 1957. This home is a home located in Los Angeles County with nearby schools including Woodcrest Elementary School, George Washington Preparatory High School, and Teach Academy Of Technologies.

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The MLS © 2025 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.
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