$1,150,000 Price Analysis   ♡   Los Angeles, CA 90007 10 bed 6 bath 3,678 SqFt ($312/SqFt) 6,603SqFt lot. Built 1904 Listed 2024-06-27, Taxes $3,942 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
PRICE REDUCED BY $200K .
6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units. With an ideal unit mix f four 1 bedroom 1 bath, one 3 bedroom 1 bath and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing.
2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape. The 5-story museum includes 300, 000 SF of exhibition space, which will house the 100, 000-piece collection of George Lucas' paintings, sculpture, photographs and other forms of art related to film. Next to the Lucas Museum stands the L.A. Coliseum, site of the 2028 Olympic Games.
Presented by Darin Spillman at
Kidder Mathews of California, Inc.
Property MLS #24-409041 from TheMLSCLAW
Full Bathrooms: 6
Lot Size Source: Assessor
Lot Size Square Feet: 6603
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 750, 2 BedsTotal: 3, 2 BathsTotal: 1, 2 SquareFeet: 1462, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 1452, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 776, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 3600
County: Los Angeles
Cap Rate: 4.4
Directions: East of Normandie, north of Exposition.
Source Property Type: Residential Income
Area: Los Angeles Southwest
Source Neighborhood: Los Angeles Southwest
Parcel Number: 5040-011-005
Postal Code Plus 4: 4228
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $146,355 + $112,575 $258,930 | $3,942 |
| 2021 | $143,486 + $110,368 $253,854 | $3,877 |
| 2020 | $142,015 + $109,237 $251,252 | $3,905 |
| 2019 | $139,231 + $107,096 $246,327 | $3,782 |
| 2018 | $136,501 + $104,997 $241,498 | $3,713 |
| 2017 | $133,825 + $102,939 $236,764 | $3,604 |
| 2016 | $131,201 + $100,921 $232,122 | $3,490 |
| 2015 | $129,231 + $99,406 $228,637 | $3,449 |
| 2014 | $126,700 + $97,459 $224,159 | $3,502 |
| 2013 | $126,128 + $97,019 $223,147 | $3,487 |
| 2012 | $123,655 + $95,117 $218,772 | $3,528 |
| 2010 | $121,231 + $93,252 $214,483 | $3,392 |
| 2009 | $120,611 + $92,776 $213,387 | $3,277 |
| 2009 | $120,325 + $92,556 $212,881 | $3,277 |
| 2008 | $118,247 + $90,957 $209,204 | $3,162 |
| 2007 | $115,929 + $89,174 $205,103 | $3,058 |
$1,150,000
TheMLSCLAW
Listed 2024-06-27
$1,350,000
TheMLSCLAW
Sold 1985-08-01
$137,500
Public Record
Year Built: 1904
Levels: One Level
Living Area Source: Assessor
Property Age: 120
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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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.