$2,400,000 Price Analysis   ♡   Los Angeles, CA 90005 11 bed 11 bath 6,293 SqFt ($381/SqFt) 7,499SqFt lot. Built 1960 Listed 2023-08-13, Taxes $29,751 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This 8 unit two story apartment complex is located in the heart of the mid-Wilshire area near Koreatown
Hancock Park and downtown Los Angeles. It is situated on a quiet street and is conveniently located near markets and restaurants. The apartment complex, which consists of one 3+2, two 2+2, four 1+1 and one studio units, has on site parking and is always in high demand with little vacancy.
The current rents are low so there is potential for a signif icant increase in rental income. In addition, the on-site laundry facility also currently provides additional income for the owner which is about $200/month or $2, 400/year. The partment, which recently has a new roof, is a low maintenance building, is easy to maintain and is to be sold as-is present condition.
Presented by Thomas Lo at
Thomas Iping Lo, Broker.
Property MLS #WS23141948 from CRMLS
Bedrooms: 11
Appliances: Dishwasher, Disposal, Gas Range, Refrigerator
Appliances YN: Yes
Laundry Features: Common Area
Appliances YN: Yes
Laundry Features: Common Area
Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes
Heating Features: Wall Furnace
Heating: Yes
Full Bathrooms: 11
Flooring: Carpet, Wood
Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.1721534
Lot Size Source: Assessor
Lot Size Square Feet: 7499
Lot Size Acres: 0.1721534
Lot Size Source: Assessor
Lot Size Square Feet: 7499
Garage Spaces: 9
Parking Features: Parking YN: Yes, Parking Features: Assigned
Parking Features: Parking YN: Yes, Parking Features: Assigned
Number of Units: 8
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Unit-1 Garage Spaces: 3
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Unit-1 Garage Spaces: 3
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Calculated Total Monthly Association Fees: 0
Gardener Expense: 1320.00
Maintenance Expense: 2400.00
Gardener Expense: 1320.00
Maintenance Expense: 2400.00
Tenant Pays: Electricity, Gas, Water
Rent Control: Yes
Rent Control: Yes
Community Features: Suburban
Annual Tax Amount: 29751.00
Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 5220.00
Area: C17 - Mid-Wilshire
Source Neighborhood: C17 - Mid-Wilshire
New Taxes Expense: 29751.00
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Parcel Number: 5092025015
Postal Code Plus 4: 3476
Trash Expense: 4020.00
Zoning: LAR3
Source System Name: C2C
Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 5220.00
Area: C17 - Mid-Wilshire
Source Neighborhood: C17 - Mid-Wilshire
New Taxes Expense: 29751.00
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Parcel Number: 5092025015
Postal Code Plus 4: 3476
Trash Expense: 4020.00
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $979,038 + $1,468,558 $2,447,596 | $29,751 |
| 2021 | $959,842 + $1,439,763 $2,399,605 | $29,374 |
| 2020 | $717,371 + $773,416 $1,490,787 | $19,069 |
| 2019 | $703,305 + $758,251 $1,461,556 | $18,341 |
| 2018 | $689,515 + $743,384 $1,432,899 | $18,166 |
| 2017 | $675,996 + $728,808 $1,404,804 | $17,742 |
| 2016 | $662,742 + $714,518 $1,377,260 | $17,303 |
| 2015 | $652,787 + $703,786 $1,356,573 | $17,058 |
| 2014 | $640,000 + $690,000 $1,330,000 | $17,157 |
| 2013 | $710,244 + $776,828 $1,487,072 | $19,139 |
| 2012 | $696,318 + $761,597 $1,457,915 | $19,391 |
| 2010 | $682,665 + $746,664 $1,429,329 | $18,899 |
| 2009 | $679,173 + $742,845 $1,422,018 | $18,215 |
| 2009 | $677,563 + $741,084 $1,418,647 | $18,215 |
| 2008 | $665,856 + $728,280 $1,394,136 | $17,448 |
| 2007 | $652,800 + $714,000 $1,366,800 | $16,875 |
Price Changed 2024-03-02
$2,400,000
CRMLS
Listed 2023-08-13
$2,550,000
CRMLS
Sold 2020-04-07
$2,375,000
TheMLSCLAW
Listing removed 2019-08-05
$0
TheMLSCLAW
Relisted 2019-04-13
$2,190,000
TheMLSCLAW
Listing removed 2019-04-12
$0
TheMLSCLAW
Listing removed 2018-10-19
$1,490,000
CRISNET
Listed 2017-05-08
$2,190,000
TheMLSCLAW
Sold 2013-07-22
$1,330,000
TheMLSCLAW
Listed 2013-02-15
$1,390,000
TheMLSCLAW
Listing removed 2009-09-18
$1,499,000
ITECH
Listed 2009-03-18
$1,499,000
ITECH
Listing removed 2008-04-01
$1,490,000
CRISNET
Listing removed 2008-04-01
$1,490,000
ITECH
Listing removed 2008-03-01
$1,500,000
ITECH
Listed 2008-01-02
$1,490,000
CRISNET
Listed 2008-01-02
$1,490,000
ITECH
Listed 2007-07-30
$1,500,000
ITECH
Listing removed 2007-07-26
$1,500,000
ITECH
Listed 2007-02-26
$1,500,000
ITECH
Listing removed 2007-02-25
$1,549,000
ITECH
Listed 2006-10-25
$1,549,000
ITECH
Sold 2006-04-21
$1,340,000
ITECH
Listed 2005-10-10
$1,350,000
ITECH
Sold 2005-09-23
$1,200,000
Public Record
Sold 2004-11-19
$950,000
Public Record
Sold 2001-06-29
$525,000
ITECH
Listed 2001-04-17
$535,000
ITECH
Listing removed 2001-04-03
$535,000
ITECH
Listed 2000-04-07
$535,000
ITECH
Sold 1985-11-27
$335,000
Public Record
$2,400,000
CRMLS
Listed 2023-08-13
$2,550,000
CRMLS
Sold 2020-04-07
$2,375,000
TheMLSCLAW
Listing removed 2019-08-05
$0
TheMLSCLAW
Relisted 2019-04-13
$2,190,000
TheMLSCLAW
Listing removed 2019-04-12
$0
TheMLSCLAW
Listing removed 2018-10-19
$1,490,000
CRISNET
Listed 2017-05-08
$2,190,000
TheMLSCLAW
Sold 2013-07-22
$1,330,000
TheMLSCLAW
Listed 2013-02-15
$1,390,000
TheMLSCLAW
Listing removed 2009-09-18
$1,499,000
ITECH
Listed 2009-03-18
$1,499,000
ITECH
Listing removed 2008-04-01
$1,490,000
CRISNET
Listing removed 2008-04-01
$1,490,000
ITECH
Listing removed 2008-03-01
$1,500,000
ITECH
Listed 2008-01-02
$1,490,000
CRISNET
Listed 2008-01-02
$1,490,000
ITECH
Listed 2007-07-30
$1,500,000
ITECH
Listing removed 2007-07-26
$1,500,000
ITECH
Listed 2007-02-26
$1,500,000
ITECH
Listing removed 2007-02-25
$1,549,000
ITECH
Listed 2006-10-25
$1,549,000
ITECH
Sold 2006-04-21
$1,340,000
ITECH
Listed 2005-10-10
$1,350,000
ITECH
Sold 2005-09-23
$1,200,000
Public Record
Sold 2004-11-19
$950,000
Public Record
Sold 2001-06-29
$525,000
ITECH
Listed 2001-04-17
$535,000
ITECH
Listing removed 2001-04-03
$535,000
ITECH
Listed 2000-04-07
$535,000
ITECH
Sold 1985-11-27
$335,000
Public Record
Net Operating Income: 104666.00
Total Square Feet Living: 6293
Year Built: 1960
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 64
Roof: Asphalt, Flat
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records
Year Built: 1960
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 64
Roof: Asphalt, Flat
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records
Electric: Electricity - On Property
Electric Expense: 720.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 6900.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public
Electric Expense: 720.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 6900.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public
Wilton Place Elementary School is a public elementary school located approximately 0.1 miles away.
Map directions
Map directionsLos Angeles Senior High School is a public high school located approximately 1.2 miles away.
Map directions
Map directionsJohn Burroughs Middle School is a public middle school located approximately 1.4 miles away.
Map directions
Map directionsSt. James Episcopal School is a private elementary school located approximately 0.4 miles away.
Map directions
Map directions
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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.