Please stand by!
USDAProperties.com is making sense of this chaotic market...

 

 

 

$1,250,000   Price Analysis
Agent Details  share icon     map icon  QR
1940 S LA Salle Ave
Los Angeles, CA 90018
6 bed 5 bath 3,681 SqFt ($339/SqFt)
7,501SqFt lot. Built 1939
Listed 2024-05-06, Taxes $4,091
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Savvy investors here i s a tremendous investment opportunity in the mid city area of Los Angeles minutes from Downtown

Culver City, USC, LA live, the LA Coliseum and the Sports Arena. Surrounded by freeways, shops, schools, parks and much more. Korea Town adjacent. Sitting on a quiet tree lined cul de sac.

Live in one and rent the thers or make your investment grow. One of the units is vacant. Newly painted and new roof on front building. There is the possibility to build an ADU-buyers to verify with city of LA.


Presented by Allan Maldonado at
Phoenix RE Consulting.


Property MLS #24-388259 from TheMLSCLAW

Bedrooms: 6

Total Bathrooms: 5
Full Bathrooms: 5

Cooling Features: Window Unit(s)
Heating Features: Wall Gas

Flooring: Laminate, Wood

Water Features: Public

Covered Spaces: 3
Garage Spaces: 3
Garage Description: Covered Parking, Driveway, Converted Garage, Garage - 3 Car, Garage Is Attached
Parking Total: 7

Lot Description: Fenced, Front Yard
Lot Size Acres: 0.1721993
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7501

View: City
Security Features: Gated, Smoke Detector

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2200, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2200, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1800, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1900

Gross Income: 84000
Tenant Pays: Gas, Electric, Trash

School District: Los Angeles Unified

Twenty-Fourth Street Elementary School is a public elementary school located approximately 0.6 miles away.
directions icon Map directions

West Adams Preparatory High School is a public high school located approximately 0.7 miles away.
directions icon Map directions

Pio Pico Middle School is a public middle school located approximately 1 miles away.
directions icon Map directions

Saint Thomas The Apostle is a private elementary and middle school located approximately 0.5 miles away.
directions icon Map directions

Source Listing Status: Active
County: Los Angeles
Cross Street: Washington Blvd
Cap Rate: 5
Directions: West of Normandie Ave, cross street is Washington Blvd
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Owner Pays: Water
Parcel Number: 5074-028-002
Postal Code Plus 4: 1623
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$101,169 + $198,682
$299,851
$4,091
2021$99,186 + $194,787
$293,973
$4,020
2020$98,169 + $192,790
$290,959
$4,053
2019$96,245 + $189,010
$285,255
$3,911
2018$94,358 + $185,304
$279,662
$3,754
2017$92,508 + $181,671
$274,179
$3,680
2016$90,695 + $178,109
$268,804
$3,558
2015$89,333 + $175,434
$264,767
$3,510
2014$87,584 + $171,998
$259,582
$3,551
2013$87,189 + $171,221
$258,410
$3,545
2012$85,480 + $167,864
$253,344
$3,592
2010$83,804 + $164,573
$248,377
$3,751
2009$83,376 + $163,733
$247,109
$3,620
2009$83,178 + $163,344
$246,522
$3,620
2008$81,742 + $160,523
$242,265
$3,487
2007$80,140 + $157,376
$237,516
$3,370

Listed 2024-05-06
$1,250,000
TheMLSCLAW
Listing removed 2023-01-03
$0
TheMLSCLAW
Listed 2022-10-29
$1,250,000
TheMLSCLAW
Sold 1986-12-31
$163,000
Public Record
Sold 1980-08-21
$110,000
Public Record

Net Operating Income: 84000

Total Square Feet Living: 3681
Year Built: 1939
Building Exterior Type: Stucco
Common Walls: Detached/No Common Walls
Direction Faces: West
Entry Location: Ground Level w/steps
Foundation Details: Raised, Pillar/Post/Pier, Concrete Slab
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 85
Roof: Asphalt
Levels or Stories: 2
Building Total Stories: 2
House Style: Craftsman
Year Built Source: Vendor Enhanced
Architectural Style: Craftsman

Sewer: In Street
Click Thumbnail Images To View Full Size
house_viewhouse_viewhouse_viewroad_viewunknown
unknownunknownunknownunknownunknown
unknownunknownunknownunknownunknown
unknownunknownbathroomkitchenunknown
unknownbathroomgaragekitchenkitchen
living_roombedroombedroombedroomunknown
bathroombathroomporchhouse_view

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.