$1,200,000 Price Analysis 2323 Wall StLos Angeles, CA 90011 11 bed 5 bath 4,530 SqFt ($264/SqFt) 7,502SqFt lot. Built 1903 Listed 2023-12-05, Taxes $10,116 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The subject property is conveniently located south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of dow ntown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options.
Situated n a 7, 500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is responsible for paying water utilities, tenants pay gas and electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity. BUYER TO VERIFY UNIT CONFIGURATION
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #23-337483 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $405,980 + $371,320 $777,300 | $10,116 |
2021 | $398,020 + $364,040 $762,060 | $9,978 |
2020 | $393,939 + $360,308 $754,247 | $10,068 |
2019 | $386,215 + $353,244 $739,459 | $9,699 |
2018 | $378,643 + $346,318 $724,961 | $9,548 |
2017 | $385,200 + $264,800 $650,000 | $8,582 |
2016 | $320,000 + $220,000 $540,000 | $7,195 |
2015 | $320,000 + $220,000 $540,000 | $7,196 |
2014 | $170,000 + $220,000 $390,000 | $5,550 |
2013 | $204,400 + $255,600 $460,000 | $6,419 |
2012 | $160,000 + $200,000 $360,000 | $5,349 |
2010 | $336,280 + $307,572 $643,852 | $8,836 |
2009 | $334,560 + $306,000 $640,560 | $8,526 |
2009 | $333,767 + $305,274 $639,041 | $8,526 |
2008 | $328,000 + $300,000 $628,000 | $8,181 |
2007 | $223,686 + $192,474 $416,160 | $5,565 |
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.