NOT LISTED FOR SALE

Los Angeles, CA 90003

Green Meadows Neighborhood
10 Beds
10 Baths
990 Sq Ft
0.51 Acres

Last Sold February 11, 2013

Last sale price $645,000 $652 Per Sq Ft

48 Days on Market

About This Home

As of February 2013

This ten unit apartment complex is situated on a huge lot of over 22,000 square feet in South Los Angeles. There are five duplexes containing one bedroom and one bath each. Some units are rented way below market providing upside potential for the new owner. Given the size of the land this deal may also provide a future development opportunity. Please check with the City. Listed at a GRM of 8.5 and a CAP of 7.5 this deal is one of the best priced properties on the market. Please do not walk on property or disturb the tenants. Please make offers subject to inspection.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 12/12/2012

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 0.51

Interior Spaces

  • 10 Bedrooms
  • 990 Sq Ft Home
  • 1-Story Property

Parking

  • 20 Parking Spaces
  • Uncovered Parking

Additional Features

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

Community Details

  • 5 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 6050-036-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 990
  • Stories: 1
  • Year Built: 1945
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Price Per S Q F T: 691.92

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 20

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 326398
  • Assessed Land Value: 435197
  • Assessor Parcel Number: 6050-036-023
  • Geocode Override: No
  • Lot Size Area: 22141

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: 100
  • Type Of Units: Avalon

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
02/11/2013 02/11/13 Sold $645,000 -5.8% $652 / Sq Ft
01/29/2013 01/29/13 Pending -- -- --
12/12/2012 12/12/12 For Sale $685,000 -- $692 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $24,918 $1,685,687 $402,487 $1,283,200
2024 $24,918 $1,652,636 $394,596 $1,258,040
2023 $19,837 $1,278,046 $386,859 $891,187
2022 $19,063 $1,252,987 $379,274 $873,713
2021 $18,819 $1,228,420 $371,838 $856,582
2019 $12,036 $674,927 $360,810 $314,117
2018 $11,642 $661,694 $353,736 $307,958
2016 $8,657 $636,000 $340,000 $296,000
2015 $8,948 $660,872 $358,613 $302,259
2014 $8,959 $647,928 $351,589 $296,339
Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2013

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    30 Total Sales

    Jerome McAlpin
    Section Image

  • S

    Buyer's Agent in 2013

    Subscriber Non

    Non-Participant Office

See All Agents

Source: The MLS

MLS Number: 12-640547

The MLS
California Los Angeles County Los Angeles 90002

Green Meadows

Not Listed for Sale

MultiFamily

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