$9,990,000 Price Analysis   ♡   Los Angeles, CA 90005 48 bed 48 bath 29,020 SqFt ($344/SqFt) 0.62 acre lot. Built 1955 Listed 2024-06-27, Taxes $59,658 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
UNIT MIX: 2Bed
1.75Bath x 20. 1Bed, 1Bath x 8. Actual Monthly Income: $53, 200/mo. $638, 400/yr. FIRST TIME ON THE MARKET in over two decades, this self-run/easy managed 28-unit RC/HPOZ apartment is situated in the quiet small pocket of Wlshire Park in greater Mid-Wilshire area, a block south from Windsor Square-Hancock Park with an average home price of over $6 million +. This apartment comes with an ample subterranean gated parking for 20 cars in addition to plenty more street parking with District #566 Permit Exempt dedicated for sufficient parking allocation in the neighborhood. It has a community laundry, hardwood floored units with exceptional sizeable layouts reminiscent of good-ole heydays when spaces weren't any concerns and built on a massive 27, 000 SF RD2 corner-lot with huge open COURTYARD. A quick 10 min-walk to Wilshire/Western Metro station, an easy 10 min-drive to DTLA and Beverly Hills to east and west. All units have been remodeled within the last ten years per owner. All units are current on their rents with majority long-termed lessees. Showing/Inspection upon accepted offer DRIVE-BY ONLY!
For all inquiries, email L/A. Phone calls will not be answered.
Presented by Peter Yoo at
Masters Realty & Investment.
Property MLS #24-407923 from TheMLSCLAW
Full Bathrooms: 48
Laundry Facilities: Community
Laundry Features: Community
Remodeled
Kitchen Features: Laminate Counters, Remodeled
Heating Features: Wall
Garage Description: Subterranean, Gated, Private
Parking Total: 20
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 27186
Calculated Total Monthly Association Fees: 0
Number of Units: 28
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1.75, 2 BedsTotal: 1, 2 BathsTotal: 1
County: Los Angeles
Cross Street: Norton Ave
Cap Rate: 4.8
Directions: West of Wilton Pl, North of Olympic.
Source Property Type: Residential Income
Area: Hancock Park-Wilshire
Source Neighborhood: Hancock Park-Wilshire
Owner Pays: Water
Parcel Number: 5092-009-030
Property Location: Corner Lot
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $682,392 + $4,094,411 $4,776,803 | $59,658 |
| 2021 | $669,012 + $4,014,129 $4,683,141 | $58,799 |
| 2020 | $662,153 + $3,972,970 $4,635,123 | $59,363 |
| 2019 | $649,170 + $3,895,069 $4,544,239 | $57,098 |
| 2018 | $636,442 + $3,818,696 $4,455,138 | $56,564 |
| 2017 | $623,963 + $3,743,820 $4,367,783 | $55,334 |
| 2016 | $611,729 + $3,670,412 $4,282,141 | $53,827 |
| 2015 | $602,541 + $3,615,279 $4,217,820 | $53,067 |
| 2014 | $590,739 + $3,544,461 $4,135,200 | $53,314 |
| 2013 | $588,070 + $3,528,442 $4,116,512 | $53,311 |
| 2012 | $576,540 + $3,459,257 $4,035,797 | $54,025 |
| 2010 | $565,236 + $3,391,429 $3,956,665 | $53,176 |
| 2009 | $562,345 + $3,374,080 $3,936,425 | $51,262 |
| 2009 | $561,012 + $3,366,083 $3,927,095 | $51,262 |
| 2008 | $551,319 + $3,307,922 $3,859,241 | $49,140 |
| 2007 | $540,509 + $3,243,061 $3,783,570 | $47,471 |
$9,990,000
TheMLSCLAW
Sold 2003-06-03
$3,500,000
Public Record
Listing removed 1999-09-21
$1,980,000
ITECH
Listed 1998-09-20
$1,980,000
ITECH
Year Built: 1955
Common Walls: Attached
Direction Faces: South
Entry Location: Ground Level w/steps
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 69
Property Condition: Updated/Remodeled
Roof: Flat
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector
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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.