$1,250,000 Price Analysis   ♡   Los Angeles, CA 90016 5 bed 3 bath 2,292 SqFt ($545/SqFt) 6,137SqFt lot. Built 1941 Listed 2024-06-14, Taxes $1,177 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are proud to present 2001 S Redondo Boulevard
* Sale Pending *A 3-unit multifamily property located in the Mid-City neighborhood of Los Angeles City. 2001 S Redondo Blvd is conveniently located at the center point of Century City and Downtown LA, minutes from Miracle Mile and Fairfax District. Notable attractions within 15-miles of the property include The Grove, Hollywood Blvd, Dodger Stadium, SoFi Stadium, Crypto.Com Arena, Intuit Dome, Los Angeles International Airport, Santa Monica Pier and more. Locally, tenants benefit from their close proximity to a variety of local retailers found on Washington, San Vicente and La Cienega Boulevards. Some notable local retailers and amenities include Target, Marshalls, Bloomingdales, Lowes Home Improvement, Kaiser Permanente of West LA, Cedar Sinai Medical Center and more.
Tenants also enjoy convenient access to the Santa Monica FWY with direct routes to Santa Monica, DTLA and San Gabriel Valley to name a few. 2001 S Redondo Blvd is a 2, 292 square foot property offering 3 single-story, bungalow-style apartments. The property sits on a 6, 000+ square foot corner lot and is being offered for sale for the frst time in over four decades. The property offers one, 1-bedroom unit and two, 2-bedroom units. The 1- and 2- bedroom units average 642 and 800 square feet (buyer to verify). A savvy investor will also recognize the opportunity for future ADU potential (buyer to verify). The property has limitless potential and is suitable for a first-time investor, seasoned investor, 1031 exchange buyer and possibly a homeowner with plans to occupy and collect rental income.
Presented by Eric Chen at
Cb Richard Ellis.
Property MLS #CV24122021 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Lot Size Acres: 0.1408861
Lot Size Source: Assessor
Lot Size Square Feet: 6137
Parking Total: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 2
Maintenance Expense: 2400.00
Vacancy Allowance: 2700
Rent Control: Yes
County: Los Angeles
Cap Rate: 5.09
Other Expense: 600.00
Source Property Type: Residential Income
Insurance Expense: 1950.00
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
New Taxes Expense: 15439.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 5063002035
Postal Code Plus 4: 1201
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $32,087 + $30,697 $62,784 | $1,177 |
| 2021 | $31,458 + $30,096 $61,554 | $1,148 |
| 2020 | $31,136 + $29,788 $60,924 | $1,153 |
| 2019 | $30,526 + $29,204 $59,730 | $1,124 |
| 2018 | $29,928 + $28,632 $58,560 | $1,022 |
| 2017 | $29,342 + $28,071 $57,413 | $1,006 |
| 2016 | $28,767 + $27,521 $56,288 | $958 |
| 2015 | $28,335 + $27,108 $55,443 | $948 |
| 2014 | $27,780 + $26,577 $54,357 | $975 |
| 2013 | $27,655 + $26,457 $54,112 | $969 |
| 2012 | $27,113 + $25,939 $53,052 | $980 |
| 2010 | $26,582 + $25,431 $52,013 | $983 |
| 2009 | $26,447 + $25,301 $51,748 | $946 |
| 2009 | $26,384 + $25,241 $51,625 | $946 |
| 2008 | $25,929 + $24,805 $50,734 | $919 |
| 2007 | $25,421 + $24,319 $49,740 | $884 |
$1,250,000
CRMLS
Year Built: 1941
Building Features: 3
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 83
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Triplex
Year Built Source: Assessor
Water Source: Public
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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.