$1,525,000 Price Analysis   ♡   Los Angeles, CA 90011 7 bed 4 bath 2,219 SqFt ($687/SqFt) 5,093SqFt lot. Built 2024 Listed 2024-04-08, Taxes $2,295 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Introducing this impressive 4 unit multifamily property in turnkey condition in the South Prk neighborhood of Los Angeles.
Currently 100% Vacant! Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously studs up renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units.
The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood f looring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.
Presented by Enrique Viramontes at
RE MAX Commercial & Investment Realty.
Property MLS #24-377657 from TheMLSCLAW
Full Bathrooms: 4
Heating Features: Wall
Lot Size Dimensions: 40x127
Lot Size Source: Assessor
Lot Size Square Feet: 5093
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 9150, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2400
County: Los Angeles
Cap Rate: 6.79
Directions: Located on E 56th St, between Avalon Blvd and San Pedro St
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5101-004-022
Postal Code Plus 4: 5132
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $72,838 + $108,180 $181,018 | $2,295 |
| 2021 | $71,410 + $106,059 $177,469 | $2,262 |
| 2020 | $70,678 + $104,972 $175,650 | $2,279 |
| 2019 | $69,293 + $102,914 $172,207 | $2,195 |
| 2018 | $67,935 + $100,897 $168,832 | $2,116 |
| 2017 | $66,603 + $98,919 $165,522 | $2,068 |
| 2016 | $65,298 + $96,980 $162,278 | $2,011 |
| 2015 | $64,318 + $95,524 $159,842 | $1,983 |
| 2014 | $63,059 + $93,653 $156,712 | $1,996 |
| 2013 | $62,775 + $93,230 $156,005 | $1,996 |
| 2012 | $61,545 + $91,402 $152,947 | $2,020 |
| 2010 | $60,339 + $89,610 $149,949 | $1,829 |
| 2009 | $60,032 + $89,153 $149,185 | $1,910 |
| 2009 | $55,100 + $81,900 $137,000 | $1,910 |
| 2008 | $58,855 + $87,405 $146,260 | $1,832 |
| 2007 | $57,701 + $85,692 $143,393 | $1,768 |
$1,525,000
TheMLSCLAW
Sold 2023-07-12
$490,000
CRMLS
Listed 2022-12-03
$575,000
CRMLS
Sold 2000-03-15
$125,000
Public Record
Year Built: 2024
Levels: One Level
Living Area Source: Builder
New Construction: Yes
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Builder
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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.