NOT LISTED FOR SALE

Los Angeles, CA 90061

Green Meadows Neighborhood
10 Beds
9 Baths
2,884 Sq Ft
11,747 Sq Ft

Last Sold September 30, 2015

Last sale price $700,000 $243 Per Sq Ft

465 Days on Market

About This Home

As of September 2015

We are pleased to announce a price reduction on this nine unit apartment comples in the City of Los Angeles. The site is located on Imperial Highway between Avalon and San Pedro. The unit mix consists of two - two bedroom apartments and seven - one bedroom units. The structures were built in 1951 and contain 4,742 square feet. The property faces two streets on a large 11,747 square foot lot. There is easy access to the 105 and 110 freeways and it is minutes from LAX, the Forum and Downtown Los Angeles. Some of the rents are low and provide the new owner an opportunity to increase the rents upon vacancy. The GRM is now 8.99 and the CAP rate is 7.3. This deal will provide over a 10% cash flow from day 1, with plenty of room to grow. The property is subject to rent control. Please do not disturb tenants or walk on the property.

Last Agent to Sell the Property

Jerome McAlpin

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

Last Buyer's Agent

Martin Muoto

Martin Muoto License #01922869

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.27

Home Design

  • 2,884 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Parking

  • 7 Parking Spaces
  • Uncovered Parking

Additional Features

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

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 6073-028-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0.27 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 2884
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 258.32

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: 332924
  • Assessed Land Value: 221948
  • Assessor Parcel Number: 6073-028-001
  • Geocode Override: No
  • Lot Size Area: 11747

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 8.99
  • Number Of Units: 9
  • Rent Control: 100
  • Type Of Units: Apartment
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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
09/30/2015 09/30/15 Sold $700,000 -12.3% $243 / Sq Ft
08/20/2015 08/20/15 Pending -- -- --
05/12/2014 05/12/14 For Sale $798,000 -- $277 / 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 $11,804 $828,652 $355,136 $473,516
2024 $11,804 $812,405 $348,173 $464,232
2023 $11,603 $796,477 $341,347 $455,130
2022 $11,135 $780,860 $334,654 $446,206
2021 $10,988 $765,550 $328,093 $437,457
2019 $10,696 $742,845 $318,362 $424,483
2018 $10,416 $728,280 $312,120 $416,160
2016 $9,904 $700,000 $300,000 $400,000
2015 $8,326 $568,526 $227,409 $341,117
2014 $8,398 $557,390 $222,955 $334,435
Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2015

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    31 Total Sales

    Jerome McAlpin
    Section Image
  • Martin Muoto

    Buyer's Agent in 2015

    Martin Muoto

    Martin Muoto

    (415) 271-0705

    Martin Muoto
    Section Image
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Source: The MLS

MLS Number: 14-760307

The MLS
California Los Angeles County Los Angeles 90061

Green Meadows

Not Listed for Sale

MultiFamily

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