$2,200,000 Price Analysis   ♡   Los Angeles, CA 90016 12 bed 6 bath 5,530 SqFt ($397/SqFt) 6,271SqFt lot. Built 1930 Listed 2024-02-26, Taxes $11,649 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Very rare
West Adams 4-unit apartment building. Property ner Culver City, The Cumulus District, the Hayden Tr act and The Habitat ( and West Adams) is one of the hottest and up-and-coming neighborhoods in Los Angeles. There is an opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development.
Gross Scheduled Income (GSI) $92, 160; Expenses $28, 860; Net Operating Income (NOI) $63, 300; GRM 23.87; Cap Rate 4.19%. All units are INDIVIDUALLY WATER, GAS, AND ELECTRIC METERS. Low maintenance costs with fully tile flooring. Unit mix: 3 BD/2BA, 3BD/1BA, 3BED/1BA AND 3 BD/2BA. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. BRING YOUR BEST OFFER!
Presented by Kory Jackson at
eXp Realty of California Inc.
Property MLS #24-361981 from TheMLSCLAW
Full Bathrooms: 6
Bathroom 1 Features: Shower and Tub
Range
Laundry Facilities: In Unit
Laundry Features: In Unit
Lot Size Source: Assessor
Lot Size Square Feet: 6271
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3600, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 3600, 3 BedsTotal: 3, 3 BathsTotal: 1, 3 SquareFeet: 3400, 4 BedsTotal: 3, 4 BathsTotal: 1, 4 SquareFeet: 3400
Tenant Pays: Cable TV, Electric, Gas, Water, Trash, Move In Fee, Move Out Fee
Annual Tax Amount: 27060
Source Listing Status: Active
County: Los Angeles
Cross Street: LaBrea Ave and Adams Blvd
Cap Rate: 4.19
Directions: From Labrea, travel east on Adams and north on Lucerne.
Tax Year: 2023
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Owner Pays: Gardener
Parcel Number: 5057-003-024
Postal Code Plus 4: 2911
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $413,751 + $525,399 $939,150 | $11,649 |
| 2021 | $405,639 + $515,098 $920,737 | $11,479 |
| 2020 | $401,480 + $509,817 $911,297 | $11,589 |
| 2019 | $393,608 + $499,821 $893,429 | $11,144 |
| 2018 | $385,891 + $490,021 $875,912 | $11,014 |
| 2017 | $378,325 + $480,413 $858,738 | $10,784 |
| 2016 | $370,907 + $470,994 $841,901 | $10,490 |
| 2015 | $365,336 + $463,920 $829,256 | $10,340 |
| 2014 | $358,180 + $454,833 $813,013 | $10,396 |
| 2013 | $356,562 + $452,778 $809,340 | $10,391 |
| 2012 | $349,571 + $443,900 $793,471 | $10,530 |
| 2010 | $342,717 + $435,197 $777,914 | $10,329 |
| 2009 | $340,965 + $432,972 $773,937 | $9,948 |
| 2009 | $340,156 + $431,945 $772,101 | $9,948 |
| 2008 | $334,280 + $424,483 $758,763 | $9,531 |
| 2007 | $327,726 + $416,160 $743,886 | $9,204 |
$2,200,000
TheMLSCLAW
Sold 2004-07-15
$715,000
ITECH
Listed 2004-04-26
$699,000
ITECH
Sold 2004-01-21
$555,000
ITECH
Listed 2003-11-17
$539,000
ITECH
Sold 2000-08-29
$340,000
Public Record
Listing removed 2000-08-21
$335,000
ITECH
Listed 2000-05-20
$335,000
ITECH
Sold 2000-02-24
$150,000
Public Record
Year Built: 1930
Building Exterior Type: Stucco
Common Walls: Attached
Direction Faces: East
Entry Location: Main Level
Levels: Two Level
Living Area Source: Assessor
Property Age: 94
Property Condition: Repair Cosmetic
Roof: Flat, Rolled/Hot Mop
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Assessor
Architectural Style: Traditional
Sewer: Paid
Security Features: Smoke Detector, Carbon Monoxide Detector(s), Window Bars
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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.