$1,400,000 Price Analysis   ♡   Los Angeles, CA 90018 8 bed 8 bath 5,802 SqFt ($241/SqFt) 7,000SqFt lot. Built 1917 Listed 2024-08-20, Taxes $14,962 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
2324 W Washington Blvd
A prime investment opportunity located in the heart of Mid City. This 4-unit multifamily property boasts a desirable unit mix, with all four units featuring sizeable 2-bedroom, 1.5-bathroom floor plans. Each unit is designed with comfort and convenience in mind, offering expansive living spaces that are perfect for both familis and professionals alike.The building spans an impressive 5, 802 square feet on a 7, 000 square foot lot, providing ample space for tenants. Each unit includes a separate laundry room and with in-unit washer and dryer hookups, adding to the convenience and appeal for tenants.One of the four units is currently vacant and has been fully renovated, making it rent-ready for the new owner or ideal for an owner-occupant.
This beautifully updated unit presents an immediate opportunity to generate income or enjoy modern living in a thriving neighborhood.Parking is a breeze with 4 designated spots on the property, of which 2 are currently tied to leases, offering flexibility for future arrangements. The property is zoned LAC2, providing potential for additional development or other uses in the future.This property qualifies for attractive low down payment residential financing, making it an excellent choice for both seasoned investors and first-time buyers looking to enter the multifamily market. Don't miss out on this rare opportunity to own a well-maintained and income-generating property in one of Los Angeles' most dynamic and centrally located neighborhoods. Please Do not Disturb The Tenants.
Presented by Chase Simonton at
RE/MAX One.
Property MLS #24-429941 from TheMLSCLAW
Full Bathrooms: 8
Laundry Features: In Unit
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 7000
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1.5, 1 SquareFeet: 3000, 2 BedsTotal: 2, 2 BathsTotal: 1.5, 2 SquareFeet: 3000, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 3000, 4 BedsTotal: 2, 4 BathsTotal: 1.5, 4 SquareFeet: 3000
County: Los Angeles
Cap Rate: 3.73
Directions: Washington Blvd & Arlington Ave
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5073-030-030
Postal Code Plus 4: 1445
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $515,283 + $695,632 $1,210,915 | $14,962 |
| 2021 | $505,180 + $681,993 $1,187,173 | $14,753 |
| 2020 | $500,000 + $675,000 $1,175,000 | $14,897 |
| 2019 | $42,330 + $204,397 $246,727 | $3,693 |
| 2018 | $41,500 + $200,390 $241,890 | $3,528 |
| 2017 | $40,687 + $196,461 $237,148 | $3,465 |
| 2016 | $39,890 + $192,609 $232,499 | $3,319 |
| 2015 | $39,291 + $189,716 $229,007 | $3,278 |
| 2014 | $38,522 + $186,000 $224,522 | $3,317 |
| 2013 | $38,348 + $185,160 $223,508 | $3,312 |
| 2012 | $37,597 + $181,530 $219,127 | $3,355 |
| 2010 | $36,860 + $177,971 $214,831 | $3,324 |
| 2009 | $36,672 + $177,061 $213,733 | $3,203 |
| 2009 | $36,585 + $176,641 $213,226 | $3,203 |
| 2008 | $35,953 + $173,590 $209,543 | $3,088 |
| 2007 | $35,249 + $170,187 $205,436 | $2,969 |
$1,400,000
TheMLSCLAW
Listing removed 2024-08-01
$0
TheMLSCLAW
Listing removed 2024-04-03
$0
CRMLS
Listing removed 2024-04-03
$0
CRMLS
Listed 2024-04-03
$1,399,000
TheMLSCLAW
Price Changed 2024-02-23
$1,488,888
CRMLS
Listed 2024-02-21
$1,488,888
CRMLS
Price Changed 2024-02-21
$1,498,888
CRMLS
Price Changed 2024-02-10
$1,499,000
CRMLS
Listed 2023-11-29
$1,599,000
CRMLS
Listing removed 2023-07-11
$0
TheMLSCLAW
Listed 2023-03-15
$1,629,000
TheMLSCLAW
Sold 2019-07-17
$1,175,000
CRMLS
Listed 2019-03-14
$1,200,000
CRMLS
Sold 1996-10-30
$169,000
Public Record
Sold 1981-10-13
$135,000
Public Record
Year Built: 1917
Common Walls: Attached
Levels: Two Level
Living Area Source: Title Company
Property Age: 107
Levels or Stories: 2
Building Total Stories: 2
House Style: Spanish
Year Built Source: Assessor
Architectural Style: Spanish
Map directions Map directions 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.