1344 West 98th is a four-unit value-add South LA property with approx.

52% upside compared to renovated units in the area. Located north of Century Blvd. and Normande Ave, the property is approx. 3.0 miles from The Village at Century, SoFi Stadium, Hollywood Park and The Forum. 1344 West 98th features (4) 1-bdrm.

units, across 3 structures, on a 6, 256 SF lot zoned LCC3YY. This value-add opportunity is offered at $225, 000 per uni t and $329 per foot. At projected market rents, 1344 West 98th will stabilize at an 8.12% CAP and 9.44 GRM. Additional property amenities include a community laundry room and (4) 1-car garages that can be converted into ADUs (buyer to verify).

Request Information
on 1344 W 98th St
in Los Angeles, CA
Presented by Max Berger at
COMPASS.


Property MLS #24-367725 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 4

+ Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

+ Appliances

Laundry Facilities: Community
Laundry Features: Community

+ Land Info

Lot Size Acres: 0.143618
Lot Size Source: Assessor
Lot Size Square Feet: 6256

+ Garage and Parking

Garage Spaces: 4
Garage Description: Garage - 1 Car
Parking Total: 4

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 3
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 8000

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Cross Street: Normandie Ave. and West 98th St.
Cap Rate: 4.48
Directions: Located one block north of the intersection of Century Blvd. and Normandie Ave, and 0.5 miles from Jesse Owens Park
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Parcel Number: 6056-017-023
Postal Code Plus 4: 1828
Property Location: Alley Access
Zoning: LCC3YY
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$255,812 + $214,359 $470,171	$7,296
2021	$250,797 + $210,156 $460,953	$7,229
2020	$248,226 + $208,002 $456,228	$7,275
2019	$243,359 + $203,924 $447,283	$7,035
2018	$238,588 + $199,926 $438,514	$6,897
2017	$233,910 + $196,006 $429,916	$6,779
2016	$229,324 + $192,163 $421,487	$6,572
2015	$212,937 + $189,277 $402,214	$6,328
2014	$208,766 + $185,570 $394,336	$6,340
2013	$207,823 + $184,732 $392,555	$6,301
2012	$203,749 + $181,110 $384,859	$6,320
2010	$199,754 + $177,559 $377,313	$6,168
2009	$198,733 + $176,651 $375,384	$5,942
2009	$198,262 + $176,232 $374,494	$5,942
2008	$194,837 + $173,188 $368,025	$5,719
2007	$191,017 + $169,793 $360,810	$5,525

+ Reveal Property Sale History

Listed 2024-03-12
$900,000
TheMLSCLAW

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Sold 2003-07-25
$340,000
Public Record

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Sold 2001-05-02
$167,500
ITECH

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Listed 2000-12-18
$180,000
ITECH

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Listed 2000-12-18
$189,900
ITECH

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Listing removed 2000-08-17
$260,000
ITECH

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Listed 2000-02-16
$260,000
ITECH

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Sold 1999-03-24
$265,000
Public Record

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Sold 1986-12-11
$150,000
Public Record

+ Commercial Info

Net Operating Income: 40350

+ Building and Construction

Total Square Feet Living: 2734
Year Built: 1948
Common Walls: Detached/No Common Walls
Levels: Two Level
Living Area Source: Assessor
Property Age: 76
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor

+ Home Features

Other Equipment: Built-Ins, Range/Oven, Freezer, Refrigerator
Security Features: Gated

+ Display Complete School Details

Ninety-Fifth Street Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions

George Washington Preparatory High School is a public high school located approximately 0.7 miles away.
Map directions

Bret Harte Preparatory Middle School is a public middle school located approximately 0.8 miles away.
Map directions

Ambassadors for Christ Christian School is a private elementary, middle and high school located approximately 0.3 miles away.
Map directions