$699000 Price Analysis   ♡   Los Angeles, CA 90037 3 bed 4 bath 2803 SqFt ($249/SqFt) 6682SqFt lot. Built 1907 Listed 2024-07-19, Taxes $9220 | Ⓧ USDA Ineligible due to location near Los Angeles |
Property Details
Global Platinum Properties is thrilled to present an irresistible investment gem nestled in the vibrant heart of Los Angelesa lucrative FOUR UNIT residential property that promises huge upside in rents nd ADU addition! This remarkable opportunity spans three distinct buildings, offering a generous 2, 802 square feet of living space on a sprawling 6, 682 square foot lot zoned RD-3, TOC (Tier 3). Picture the potential as you explore the alley access leading to garages, perfectly suited for creative ADU conversions that can significantly boost your income stream.
Each unit is individually metered for gas and electricityideal for attracting quality tenants who value convenience. Just imagine being steps away from top-rated schools and seamless public transportation options while finding yourself minutes from iconic landmarks like Exposition Park, Downtown Los Angeles and USC. The combination of prime location and infinite possibilities makes this property a golden opportunity waiting to be seized!
Presented by Armin Soleimani at
Global Platinum Properties, Inc.
Property MLS #24-417487 from TheMLSCLAW
Full Bathrooms: 4
Lot Size Source: Assessor
Lot Size Square Feet: 6682
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3200, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2000, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2000, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2000
County: Los Angeles
Cap Rate: 3.7
Directions: Travel South on Vermont from Vernon. Turn East (left) onto 47th St. Property will be on the left.
Source Property Type: Residential Income
Area: Los Angeles Southwest
Source Neighborhood: Los Angeles Southwest
Parcel Number: 5018-009-021
Postal Code Plus 4: 2948
Zoning: LARD3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $220747 + $525588 $746335 | $9220 |
| 2021 | $216419 + $515283 $731702 | $9096 |
| 2020 | $214200 + $510000 $724200 | $9185 |
| 2019 | $135252 + $389109 $524361 | $2220 |
| 2018 | $132600 + $381480 $514080 | $6527 |
| 2017 | $130000 + $374000 $504000 | $6392 |
| 2016 | $194173 + $554789 $748962 | $9263 |
| 2015 | $191257 + $546456 $737713 | $9130 |
| 2014 | $187511 + $535752 $723263 | $9183 |
| 2013 | $186664 + $533331 $719995 | $9178 |
| 2012 | $183004 + $522874 $705878 | $9300 |
| 2010 | $179416 + $512622 $692038 | $9110 |
| 2009 | $178500 + $510000 $688500 | $8777 |
| 2009 | $178076 + $508791 $686867 | $8777 |
| 2008 | $175000 + $500000 $675000 | $8871 |
| 2007 | $75798 + $37894 $113692 | $1692 |
$699000
TheMLSCLAW
Listing removed 2022-09-29
$0
TheMLSCLAW
Listed 2022-02-24
$895000
TheMLSCLAW
Sold 2019-05-16
$465000
TheMLSCLAW
Listed 2019-03-27
$500000
TheMLSCLAW
Listing removed 2015-12-01
$579500
CRMLS
Price Changed 2015-07-23
$579500
CRMLS
Listed 2015-06-29
$580000
CRMLS
Sold 2011-05-25
$226000
ITECH
Listed 2011-01-21
$302000
ITECH
Listed 2011-01-21
$302000
CRISNET
Listing removed 2009-07-04
$449000
CRMLS
Listing removed 2009-06-30
$449000
ITECH
Listed 2009-04-04
$449000
CRMLS
Listed 2008-07-07
$449000
ITECH
Listing removed 2008-06-01
$679000
ITECH
Listed 2008-01-01
$679000
ITECH
Sold 2007-10-02
$465000
ITECH
Listed 2007-05-21
$450000
ITECH
Year Built: 1907
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 117
Year Built Source: Vendor Enhanced
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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.