$1,100,000 Price Analysis   ♡   Los Angeles, CA 90019 6 bed 5 bath 3,999 SqFt ($275/SqFt) 5,856SqFt lot. Built 1938 Listed 2023-10-06, Taxes $2,201 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Probate sale.
Court confirmation MAY be required. For Sale after 45 years! Bread-n-butter 4-unit residential property in the desirable Arlington Heights neighborhood of Los Angeles, adjacent to the sought after residential neighborhoods of Lafayette Square and Country Club Park in the heart of Mid-City. One of the lowest price per SF in the area, $275 per sq. ft. Easy proximity to I-10 and I-110 Freeways and easy access to public transportation. Electrical wiring in all units updated and new electric meters installed in 2009 and 2023, plumbing was updated with copper piping in 2009 and roof updated in approximately last 10 years.
All units are separately metered for gas a nd electricity and have individual water heaters. Front building comprises of 2 large 2 bed 1.5 bath townhomes, with their own laundry hook-ups. 4 separate garages in the back, with 2 x 1 bed 1 bath units on top. One of the large townhome unit in the front and one of the 1 bedroom units in the back are currently vacant and will be delivered vacant at close of escrow. Sller is MOTIVATED and wants to see ALL offers. The property is subject to City of Los Angeles Rent Stabilization Ordinance. Property is being sold AS IS and WHERE IS with current 2 tenant(s) in place. Buyer to conduct their own investigations.
Presented by Vineendra Jain at
Ingenious Asset Group, Inc.
Property MLS #23-316551 from TheMLSCLAW
Full Bathrooms: 5
Bathroom 1 Features: Shower Over Tub, Shower Stall
Crown Moldings
Flooring: Tile, Carpet, Vinyl, Wood
Microwave
Oven
Kitchen Features: Tile Counters
Heating Features: Wall Electric
Patio Features: Balcony
Lot Size Acres: 0.1344353
Lot Size Source: Assessor
Lot Size Square Feet: 5856
Garage Description: Garage - 4+ Car
Parking Total: 4
Other Equipment: Ceiling Fan
Security Features: Carbon Monoxide Detector(s), Smoke Detector
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1.5, 1 SquareFeet: 7000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 4200
Vacancy Allowance: 4633
Rain Gutters
Full Copper Plumbing
Source Listing Status: Active
County: Los Angeles
Cross Street: Crenshaw Blvd and Venice Blvd.
Cap Rate: 5.88
Directions: North of Santa Monica Fwy (I-10), South of Pico Blvd, West of Arlington Ave, and East of Crenshaw Blvd
Source Property Type: Residential Income
Exclusions: Sale of property does not include any personal property belonging to the tenant.
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5072-007-009
Postal Code Plus 4: 4325
Property Location: City, Flats, Park Nearby
Zoning: LARD2
Management Company: Ingenious Asset Group, Inc.
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $100,718 + $43,299 $144,017 | $2,201 |
| 2021 | $98,744 + $42,450 $141,194 | $2,148 |
| 2020 | $97,732 + $42,015 $139,747 | $2,160 |
| 2019 | $95,816 + $41,192 $137,008 | $2,094 |
| 2018 | $93,938 + $40,385 $134,323 | $1,959 |
| 2017 | $92,097 + $39,594 $131,691 | $1,924 |
| 2016 | $90,292 + $38,818 $129,110 | $1,831 |
| 2015 | $88,936 + $38,235 $127,171 | $1,809 |
| 2014 | $87,194 + $37,487 $124,681 | $1,842 |
| 2013 | $86,800 + $37,318 $124,118 | $1,836 |
| 2012 | $85,099 + $36,587 $121,686 | $1,858 |
| 2010 | $83,431 + $35,870 $119,301 | $1,849 |
| 2009 | $83,005 + $35,687 $118,692 | $1,780 |
| 2009 | $82,808 + $35,602 $118,410 | $1,780 |
| 2008 | $81,378 + $34,988 $116,366 | $1,718 |
| 2007 | $79,783 + $34,302 $114,085 | $1,648 |
$1,100,000
TheMLSCLAW
Listing removed 2023-12-31
$0
CRMLS
Listed 2023-10-20
$1,545,000
CRMLS
Listed 2023-10-06
$1,545,000
TheMLSCLAW
Sold 1978-05-26
$67,500
Public Record
Year Built: 1938
Building Exterior Type: Concrete, Wood
Common Walls: Detached/No Common Walls
Entry Location: Living Room
Levels: Two Level
Living Area Source: Assessor
Property Age: 86
Property Condition: Repair Cosmetic
Roof: Shingle
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Assessor
Architectural Style: Traditional
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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.