$2,695,000 Price Analysis   ♡   Los Angeles, CA 90008 12 bed 12 bath 11,032 SqFt ($244/SqFt) 0.25 acre lot. Built 1936 Listed 2024-05-09, Taxes $4,670 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This property is in the historically desirable Leimert Park neighborhood of Los Angeles.
This well maintained twelve-unit (one bedroom-one bathroom) apartment building is surrounded by aesthetically pleasing tree lined avenues. Each unit is big giving the resident a warm feeling of home. The green front yard provides a feeling of being one with nature. Located in proximity to rapid transit, shopping, local schools and institutions of higher learning, the area has experienced a renaissance. The time is now to seize the opportunity to invest in a property nestled within a hidden oasis. Th is spacious superbly maintained apartment residence provides one a tranquil sanctuary within a medium sized apartment compound away from the surrounding fast paced urban environment. Hardwood floors abound with generous closet space.Centrally located within minutes of the 405, 110 and 10 Freeways, this ideal location provides access to major area shopping areas in Ladera Heights, Culver City Westfield Culver City, the Westside of Los Angeles and within minutes of SoFi Stadium. Nearby educational opportunities abound with West Los Angeles College minutes away with all the cultural opportunities afforded to the greater Los Angeles area, The Hollywood Bowl, the Disney Concert Hall and many more.This investment opportunity has the makings to attract the astute investor. Seize this growth opportunity in this prestigious location. This property has fantastic rental increase potential as all tenants are currently on month-to-month tenancy. Buyer to rely solely on Buyer's independent investigations. Drive by only!
Do not disturb occupants. Property is sold in As-Is condition. Upon an accept offer, Buyer shall have the right to inspect the property at Buyer's expense and rely solely on Buyer's inspections and investigations. Property is sold for All Cash, Cash to Pristine Loan or terms and conditions acceptable to the Seller. Seller shall select all services, including escrow, title services. Please contact listing agents for more information. ALL TENANTS ARE MONTH TO MONTH. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer's cooperaton in such an exchange and agrees to hold Buyer harmless from all claims, liabilities or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.
Presented by Luther Henderson at
Realty Executives Westside.
Property MLS #24-387385 from TheMLSCLAW
Full Bathrooms: 12
Heating Features: Gravity
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 10788
Calculated Total Monthly Association Fees: 0
Number of Units: 12
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1800, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1800, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1800, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1800, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 1800, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 1800, 7 BedsTotal: 1, 7 BathsTotal: 1, 7 SquareFeet: 1800, 8 BedsTotal: 1, 8 BathsTotal: 1, 8 SquareFeet: 1800, 9 BedsTotal: 1, 9 BathsTotal: 1, 9 SquareFeet: 1800, 10 BedsTotal: 1, 10 BathsTotal: 1, 10 SquareFeet: 1800
County: Los Angeles
Cap Rate: 6
Directions: South of Dr. Martin Luther King Jr. Blvd.; East of Leimert Blvd.; North of Vernon Avenue; West of Arlington Avenue
Other Expense: 2640
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 5023-018-011
Postal Code Plus 4: 3870
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $168,629 + $75,059 $243,688 | $4,670 |
| 2021 | $165,323 + $73,588 $238,911 | $4,551 |
| 2020 | $163,628 + $72,834 $236,462 | $4,570 |
| 2019 | $160,420 + $71,406 $231,826 | $4,456 |
| 2018 | $157,275 + $70,006 $227,281 | $4,277 |
| 2017 | $154,192 + $68,634 $222,826 | $4,172 |
| 2016 | $151,169 + $67,289 $218,458 | $3,952 |
| 2015 | $148,899 + $66,279 $215,178 | $3,914 |
| 2014 | $145,983 + $64,981 $210,964 | $4,011 |
| 2013 | $145,324 + $64,688 $210,012 | $4,005 |
| 2012 | $142,475 + $63,420 $205,895 | $4,053 |
| 2010 | $139,682 + $62,177 $201,859 | $4,050 |
| 2009 | $138,969 + $61,860 $200,829 | $3,920 |
| 2009 | $138,639 + $61,713 $200,352 | $3,920 |
| 2008 | $136,245 + $60,648 $196,893 | $3,814 |
| 2007 | $133,574 + $59,459 $193,033 | $3,664 |
$2,695,000
TheMLSCLAW
Year Built: 1936
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 88
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.