$2,590,000 Price Analysis   ♡   Los Angeles, CA 90019 10 bed 8 bath 6,412 SqFt ($403/SqFt) 6,877SqFt lot. Built 1965 Listed 2024-03-25, Taxes $13,226 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Possibly more units can be delivered VACANT AT CLOSE OF ESCROW.
HUGE BEDROOMS, LARGER LIVING ROOMS. First time in the Market in 34 years!! EACH UNIT HAS IT'S OWN CENTRAL A/C. This subject property is a two-story 8-unit apartment building constructed in 1965 with classical and Modern touch architecture situated on a Hard Corner Lot. The rents are significantly below market. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for.
The property is located within few minutes to Larchmont Village, Restaurants and Markets, which is a quiet residential neighborhood. Also, provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stbility of current income as it is 100% leased with all tenants paying their full rent on time. One 2 bedroom 1 bathroom unit can be delivered vacant at COE. VERY WELL-MAINTAINED BUILDING, RETROFITTING IS DONE. WELL GATED, QUIE T STREET. COIN-OPERATED LAUNDRY FACILITY. BUYER TO VERIFY ALL FACTS.
Presented by Max Lee at
Real Broker.
Property MLS #24-372765 from TheMLSCLAW
Full Bathrooms: 8
Heating Features: Wall Gas
Lot Size Dimensions: 55x125
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6877
Parking Total: 13
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2600, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2600, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2600, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2600, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 2600, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 2600, 7 BedsTotal: 2, 7 BathsTotal: 1, 7 SquareFeet: 3000, 8 BedsTotal: 2, 8 BathsTotal: 1, 8 SquareFeet: 3000
County: Los Angeles
Directions: East of Hancock Park, South of Wilshire Blvd., North of Olympic Blvd.
Source Property Type: Residential Income
Area: Hancock Park-Wilshire
Source Neighborhood: Hancock Park-Wilshire
Parcel Number: 5081-032-001
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $647,572 + $389,215 $1,036,787 | $13,226 |
| 2021 | $634,875 + $381,584 $1,016,459 | $13,035 |
| 2020 | $628,366 + $377,672 $1,006,038 | $13,166 |
| 2019 | $616,046 + $370,267 $986,313 | $12,677 |
| 2018 | $603,967 + $363,007 $966,974 | $12,513 |
| 2017 | $592,125 + $355,890 $948,015 | $12,213 |
| 2016 | $580,515 + $348,912 $929,427 | $11,884 |
| 2015 | $571,796 + $343,672 $915,468 | $11,719 |
| 2014 | $560,596 + $336,940 $897,536 | $11,804 |
| 2013 | $558,063 + $335,418 $893,481 | $11,788 |
| 2012 | $547,121 + $328,842 $875,963 | $11,940 |
| 2010 | $536,394 + $322,395 $858,789 | $11,622 |
| 2009 | $533,651 + $320,747 $854,398 | $11,206 |
| 2009 | $532,386 + $319,986 $852,372 | $11,206 |
| 2008 | $523,188 + $314,458 $837,646 | $10,747 |
| 2007 | $512,930 + $308,293 $821,223 | $10,386 |
$2,590,000
TheMLSCLAW
Listing removed 2024-03-14
$0
TheMLSCLAW
Relisted 2023-11-27
$2,590,000
TheMLSCLAW
Listing removed 2023-11-22
$0
TheMLSCLAW
Listed 2023-09-27
$2,590,000
TheMLSCLAW
Sold 1990-08-27
$610,000
Public Record
Sold 1984-11-16
$332,500
Public Record
Year Built: 1965
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 59
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.