$3,655,000 Price Analysis   ♡   Los Angeles, CA 90019 17 bed 16 bath 11,472 SqFt ($318/SqFt) 0.32 acre lot. Built 1963 Listed 2024-05-16, Taxes $24,266 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present this 17 unit offering in a exceptional mid-city location of Los Angeles.
The building has an excellent unit mix consisting of (5) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath and (4) Single /1 Bath units. The units are spread out across 11, 472 square feet of gross leasable area, on a large 1 4, 000 square foot lot that is zonedLARD1.5. It was built in 1963 and is subject to LA RSO. There is an interior courtyard with plentiful parking in both the front and the rear of the building and it is secured with gated entry. With great in place cashflow, the opportunity also offers significant rental upside for a future investor.
The subject property is well situated in the Mid-City of Los Angeles, surrounded by tremendous growth and developments in the recent past. Located south of the Mid-Town Crossing and a short distance from a new development that includes Sprouts Farmers Market, Target and Michael's. The area has also benefited from entertainment options such as new and high end rstaurants like N/Soto, around the corner. With plenty of shopping, dining and entertainment options, current and future tenants in the subject property are able to capitalize on an abundance of local amenities.
Presented by William James at
Lyon Stahl Investment Re, Inc.
Property MLS #24-392873 from TheMLSCLAW
Full Bathrooms: 16
Laundry Features: Community
Heating Features: Wall
Garage Description: Carport
Parking Total: 17
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 14004
Other Equipment: Range/Oven, Washer, Dryer, Refrigerator
Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector, Resident Manager, Exterior Security Lights
Gross Income: 347489
Tenant Pays: Gas, Electric
Vacancy Allowance: 10425
Calculated Total Monthly Association Fees: 0
Number of Units: 17
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 12000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 16000, 3 BathsTotal: 1, 3 SquareFeet: 6400
County: Los Angeles
Cross Street: Pickford Ave and West Blvd
Cap Rate: 5.86
Directions: Go North on West Blvd from Pico Blvd. Turn West on Pickford Ave. Subject property is located on the
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Owner Pays: Water, Gardener
Parcel Number: 5071-024-034
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $853,780 + $1,050,811 $1,904,591 | $24,266 |
| 2021 | $837,040 + $1,030,207 $1,867,247 | $23,923 |
| 2020 | $828,458 + $1,019,644 $1,848,102 | $24,149 |
| 2019 | $812,214 + $999,651 $1,811,865 | $23,245 |
| 2018 | $796,289 + $980,050 $1,776,339 | $22,946 |
| 2017 | $780,676 + $960,834 $1,741,510 | $22,432 |
| 2016 | $765,369 + $941,995 $1,707,364 | $21,832 |
| 2015 | $753,873 + $927,846 $1,681,719 | $21,529 |
| 2014 | $739,106 + $909,671 $1,648,777 | $21,700 |
| 2013 | $735,766 + $905,560 $1,641,326 | $21,695 |
| 2012 | $721,340 + $887,804 $1,609,144 | $21,983 |
| 2010 | $707,197 + $870,397 $1,577,594 | $21,564 |
| 2009 | $703,580 + $865,945 $1,569,525 | $20,793 |
| 2009 | $701,912 + $863,892 $1,565,804 | $20,793 |
| 2008 | $689,785 + $848,966 $1,538,751 | $19,945 |
| 2007 | $676,260 + $832,320 $1,508,580 | $19,279 |
$3,655,000
TheMLSCLAW
Listing removed 2024-01-02
$0
TheMLSCLAW
Listed 2023-07-13
$4,000,000
TheMLSCLAW
Sold 2005-01-14
$1,450,000
Public Record
Sold 1990-05-15
$680,000
Public Record
Year Built: 1963
Common Walls: Attached
Direction Faces: South
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 61
Levels or Stories: 2
Building Total Stories: 2
House Style: Mid-Century
Year Built Source: Vendor Enhanced
Architectural Style: Mid-Century
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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.