NOT LISTED FOR SALE

Los Angeles, CA 90061

Broadway-Manchester Neighborhood
16 Beds
7 Baths
6,220 Sq Ft
0.32 Acres

Last Sold October 03, 2014

Last sale price $1,085,000 $174 Per Sq Ft

28 Days on Market

About This Home

As of October 2014

We are pleased to present this 17 Unit apartment complex in the City of Los Angeles. The site is located near the intersection of Main and 120th Street. The unit mix consists of 1 one bedroom apartment and 16 singles. The structure was built in 1964 and contains 6,220 square feet and the lot is 13, 731. Tenants enjoy the shady courtyard and plenty of open parking spaces. There is a laundry room which is not currently in use and secured access. Conveniently located near the 105 and 110 freeways, it provides easy access to the Forum, LAX, LA Live and Staples Center. For those value-add investors, there is tremendous upside with significant rent increases upon vacancy. The GRM is 9.68 on very low rents while the market GRM is 7.70. The property is subject to rent control. Please do not walk on property or disturb the tenants.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 05/01/2014

Last Buyer's Agent

Stephan Klein

California Coastal Real Estate License #01846185

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.32

Interior Spaces

  • 6,220 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 7 Bathrooms

Parking

  • 16 Parking Spaces
  • Gated Parking
  • Uncovered Parking

Additional Features

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

Community Details

  • 17 Units

Listing and Financial Details

  • Assessor Parcel Number 6086-001-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 6220
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 192.93

Exterior Features

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

Garage/Parking

  • Parking Garage: Gated, Uncovered
  • Total Parking: 16

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 358696
  • Assessed Land Value: 119964
  • Assessor Parcel Number: 6086-001-005
  • Geocode Override: No
  • Lot Size Area: 13731

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.68
  • Number Of Units: 17
  • Rent Control: 100
  • Total Annual Expense: 57221
  • Type Of Units: Apartments
  • Vacancy Rate: 3700

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
10/03/2014 10/03/14 Sold $1,085,000 -9.6% $174 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $1,200,000 -- $193 / 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

    33 Total Sales

    Jerome McAlpin
    Section Image

  • S

    Buyer's Agent in 2014

    Stephan Klein

    California Coastal Real Estate

    Section Image
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Source: The MLS

MLS Number: 14-757401

The MLS
California Los Angeles County Los Angeles 90061

Broadway-Manchester

This home since 01 May 2014. This property was built in 1964. This home is a home located in Los Angeles County with nearby schools including One Hundred Twenty-Second Street Elementary School, Samuel Gompers Middle School, and New Designs Charter School-Watts.

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