NOT LISTED FOR SALE
21 Beds
4 Baths
7,856 Sq Ft
8,623 Sq Ft Lot

Last Sold June 04, 2015

Last sale price $1,080,000 $137 Per Sq Ft

66 Days on Market

About This Home

As of June 2015

This 7 unit property consists of all 3 bedroom/1.5 bathroom units and is subject to LA City Rent Control. Currently 4 of the 7 units are rented to Section 8 and rents range from $960 to $1,585 per month. There is tremendous rental upside on this property of over 20% with the opportunity to bring the property to a 7.6% CAP at market and under 9x GRM. The current owner has recently spent over $40K improving the property including a complete remodel of Units 3 & 5.Located on the border of Gardena and City of LA. It's a Gardena Zip Code BUT Building is in the City of LA and IS SUBJECT TO RENT CONTROL. Email Seller's Agent for a complete setup including Rent Roll and Expenses.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 02/23/2015

The Agency

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,623

Interior Spaces

  • 7,856 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport

Additional Features

  • 8,623 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 6117-027-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 7856
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 21
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 146.26

Exterior Features

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

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 117285
  • Assessed Land Value: 185797
  • Assessor Parcel Number: 6117-027-006
  • Geocode Override: No
  • Lot Size Area: 8623

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.20
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 39000
  • Type Of Units: Income
  • Vacancy Rate: 0

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 List to Sale Price per Sq Ft Prior Sale
06/04/2015 06/04/15 Sold $1,080,000 -6.0% $137 / Sq Ft
04/30/2015 04/30/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $1,149,000 +20.9% $146 / Sq Ft
04/19/2014 04/19/14 Sold $950,000 -2.6% $121 / Sq Ft View Prior Sale
01/28/2014 01/28/14 Pending -- -- --
12/05/2013 12/05/13 For Sale $975,000 -- $124 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 15-886617

The MLS