$1,998,000 Price Analysis   ♡   Los Angeles, CA 90032 15 bed 7 bath 6,570 SqFt ($304/SqFt) 0.46 acre lot. Built 1949 Listed 2024-05-15, Taxes $15,172 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Situated in the heart of El Sereno
This property benefits from its proximity to major transportation routes, shopping centers, schools and recreational facilit ies. Residents enjoy easy access to all the amenities the city has to offer. This investment opportunity comprises seven units spread across two separate buildings.
The majority of these units are single-story, consisting of one large 3-bedroom and 1-bathroom unit, along with six big 2-bedroom and 1-bathroom units, averaging 938 square feet per unit. Nestled on a sprawling lot of 20, 000+ square feet, tenants also enjoy individual garage parking as well as onsite parking. Rents are are substantially below market providing a value add opportunty for an astute investor operator.
Presented by Ken Lau at
HAUS OF REAL ESTATE.
Property MLS #CV24097715 from CRMLS
Heating Features: Floor Furnace
Heating: Yes
Lot Size Acres: 0.4612
Lot Size Source: Assessor
Lot Size Square Feet: 20089
Parking Features: Parking YN: Yes, Parking Features: Paved, Driveway Up Slope From Street, Garage, On Site
Parking Total: 14
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Maintenance Expense: 4200.00
Vacancy Allowance: 3639
Rent Control: Yes
County: Los Angeles
Cap Rate: 3.79
Source Property Type: Residential Income
Insurance Expense: 3000.00
Area: 621 - El Sereno
Source Neighborhood: 621 - El Sereno
New Taxes Expense: 26618.00
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Parcel Number: 5216008032
Zoning: LARD5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $572,955 + $566,025 $1,138,980 | $15,172 |
| 2021 | $561,721 + $554,927 $1,116,648 | $14,971 |
| 2020 | $555,962 + $549,237 $1,105,199 | $15,104 |
| 2019 | $545,061 + $538,468 $1,083,529 | $14,564 |
| 2018 | $534,374 + $527,910 $1,062,284 | $14,179 |
| 2017 | $523,897 + $517,559 $1,041,456 | $13,850 |
| 2016 | $513,625 + $507,411 $1,021,036 | $13,495 |
| 2015 | $505,910 + $499,790 $1,005,700 | $13,314 |
| 2014 | $496,000 + $490,000 $986,000 | $13,402 |
| 2013 | $340,403 + $259,573 $599,976 | $8,721 |
| 2012 | $333,729 + $254,484 $588,213 | $8,828 |
| 2010 | $327,186 + $249,495 $576,681 | $8,591 |
| 2009 | $325,513 + $248,220 $573,733 | $8,306 |
| 2009 | $324,741 + $247,631 $572,372 | $8,306 |
| 2008 | $319,131 + $243,353 $562,484 | $7,998 |
| 2007 | $312,874 + $238,582 $551,456 | $7,737 |
$1,998,000
CRMLS
Listing removed 2023-08-19
$0
CRMLS
Listed 2023-04-02
$2,200,000
CRMLS
Sold 2022-04-15
$1,800,000
CRMLS
Listing removed 2013-08-17
$986,000
CRMLS
Sold 2013-08-16
$986,000
Public Record
Listed 2013-07-01
$986,000
CRMLS
Sold 1987-11-09
$171,000
Public Record
Sold 1979-11-21
$235,000
Public Record
Year Built: 1949
Building Features: 2
Common Walls: 2+ Common Walls, No One Above
Construction Materials: Stucco, Wood Siding
Entry Level: 1
Entry Location: Street
Foundation Details: Concrete Perimeter
Property Age: 75
Property Attached: Yes
Roof: Shingle
Levels or Stories: One, Two
Building Total Stories: 1
Structure Type: Apartment
House Style: Cottage
Year Built Source: Assessor
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public
Map directions Map directions Map directions Map directions
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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.