$1,899,000 Price Analysis   ♡   Los Angeles, CA 90035 7 bed 7 bath 4,864 SqFt ($390/SqFt) 6,984SqFt lot. Built 1935 Listed 2024-05-10, Taxes $2,254 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
BUYER BACKED OUT.
Now it's your time! Hard to find TOWNHOUSE UNITS in prime rental area: 1930's Traditional/Deco Courtyard 4-plex in the heart of historic South Carthay, moments from Beverly Hills, The Grove and Miracle Mile/Mid City shopping. This property has been meticulously maintained, with recent updates including newer roof, upgraded kitchens, rcessed lights and electrical panel. A myriad historic charm like magnesite stairs, plaster walls, period millwork and delicate mouldings throughout.
The building is comprised of three vast townhouse units each with 2 bedrooms + 1.5 bathrooms, in-unit laundry and plenty of storage, as well as a large 1 bedroom 1 bath unit with its own yard. Three detached garage spaces complete the offering, allowing for potential ADU Development (Buyer to investigate/confirm). Delivered fully occupied the property grosses appx $119, 536/year with a pprox $9, 000/year in operating expenses (excluding taxes and mortgage). A rare TROPHY, priced for today's market. a perfect opportunity for someone looking for a foothold in a high rent/high quality tenant area.
Presented by David Tamburo at
Rodeo Realty.
Property MLS #24-390633 from TheMLSCLAW
Full Bathrooms: 7
Bathroom 1 Features: Shower and Tub
Plaster Walls
Flooring: Hardwood
Window Features: Window Blinds
Range
Range Hood
Laundry Facilities: In Unit
Laundry Features: In Unit
Heating Features: Forced Air
Garage Spaces: 1
Garage Description: Assigned, Garage - 1 Car, Driveway
Parking Total: 3
Covered Parking: Yes
Patio Features: Covered
Lot Size Acres: 0.1603306
Lot Size Source: Assessor
Lot Size Square Feet: 6984
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1.5, 1 SquareFeet: 3750, 2 BedsTotal: 2, 2 BathsTotal: 1.5, 2 SquareFeet: 3500, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 3500, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2500
Number of Units Leased: 4
Tenant Pays: Gas, Electric, Cable TV, Trash
Map directions Map directions Map directions Map directionsCounty: Los Angeles
Cross Street: Packard St and S Orlando Ave
Cap Rate: 4.58
Directions: West of La Cienega Blvd. East of Crescent Heights Blvd. North of Pico Blvd. South of Olympic Blvd.
Source Property Type: Residential Income
Area: Beverly Center-Miracle Mile
Source Neighborhood: Beverly Center-Miracle Mile
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Owner Pays: Water, Gardener
Parcel Number: 5087-004-004
Postal Code Plus 4: 2533
Property Location: City
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $72,513 + $61,425 $133,938 | $2,254 |
| 2021 | $71,092 + $60,221 $131,313 | $2,196 |
| 2020 | $70,364 + $59,604 $129,968 | $2,207 |
| 2019 | $68,985 + $58,436 $127,421 | $2,144 |
| 2018 | $430,946 + $915,764 $1,346,710 | $16,635 |
| 2017 | $66,307 + $56,168 $122,475 | $1,989 |
| 2016 | $65,007 + $55,067 $120,074 | $1,803 |
| 2015 | $64,031 + $54,240 $118,271 | $1,782 |
| 2014 | $62,777 + $53,178 $115,955 | $1,816 |
| 2013 | $62,494 + $52,938 $115,432 | $1,810 |
| 2012 | $61,269 + $51,900 $113,169 | $1,832 |
| 2010 | $60,068 + $50,883 $110,951 | $1,886 |
| 2009 | $59,762 + $50,623 $110,385 | $1,769 |
| 2009 | $59,620 + $50,503 $110,123 | $1,769 |
| 2008 | $58,591 + $49,631 $108,222 | $1,712 |
| 2007 | $57,443 + $48,658 $106,101 | $1,639 |
$1,899,000
TheMLSCLAW
Listing removed 2015-04-24
$2,795
Appfolio
Listed for rent 2015-04-18
$2,795
Appfolio
Year Built: 1935
Building Exterior Type: Stucco
Common Walls: Attached
Entry Location: Ground Level w/steps
Levels: One Level, Two Level
Living Area Source: Assessor
Property Age: 89
Roof: Composition, Shingle
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Assessor
Architectural Style: Traditional
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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.