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$2,990,000   Price Analysis
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11901 S San Pedro St
Los Angeles, CA 90061
7 bed 24 bath 9,429 SqFt ($317/SqFt)
0.64 acre lot. Built 1923
Listed 2024-03-16, Taxes $15,422
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Back in the market.

Price reduced. Street-to-street lot, the entire block with access from three streets. High demand Bread n butter units. Very low vacanc y rate. Secure off-street parking (31 spaces). A security fence surrounds the entire property with code-entry security gate.

Brand new roof in 2017. Easy commute from this high demand rental area. Eligible for bonus rent increases. Shown on accepted offers. Please do not disturb the tenants. See attached Offering Memorandum for rent rlls, expenses and more information.


Presented by Daniel Corcoran at
Corcoran Group of California Inc.


Property MLS #EV24053400 from CRMLS

Bedrooms: 7

Laundry Features: Common Area

Full Bathrooms: 24

Lot Description: 21-25 Units/Acre
Lot Size Acres: 0.6431
Lot Size Source: Assessor
Lot Size Square Feet: 28012

Number of Units: 24
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 600.00
Maintenance Expense: 20160.00

Vacancy Allowance: 2827
Rent Control: Yes

Community Features: Curbs, Gutters, Sidewalks

Source Listing Status: Active
County: Los Angeles
Cap Rate: 6.15
Other Expense: 20160.00
Source Property Type: Residential Income
Insurance Expense: 15204.00
Area: C37 - Metropolitan South
Source Neighborhood: C37 - Metropolitan South
New Taxes Expense: 37488.00
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 6083027024
Postal Code Plus 4: 2455
Trash Expense: 7164.00
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$300,680 + $556,833
$857,513
$15,422
2021$294,785 + $545,915
$840,700
$15,198
2020$291,763 + $540,318
$832,081
$15,295
2019$286,043 + $529,724
$815,767
$14,823
2018$280,435 + $519,338
$799,773
$14,297
2017$274,937 + $509,155
$784,092
$13,962
2016$269,547 + $499,172
$768,719
$13,562
2015$265,499 + $491,674
$757,173
$13,360
2014$260,299 + $482,043
$742,342
$13,492
2013$259,123 + $479,865
$738,988
$13,427
2012$254,043 + $470,456
$724,499
$13,537
2010$249,062 + $461,232
$710,294
$13,259
2009$247,789 + $458,873
$706,662
$12,720
2009$247,201 + $457,785
$704,986
$12,720
2008$242,931 + $449,876
$692,807
$12,182
2007$238,168 + $441,055
$679,223
$11,720

Listed 2024-03-16
$2,990,000
CRMLS
Listing removed 2023-12-09
$0
CRMLS
Price Changed 2023-10-25
$2,749,000
CRMLS
Price Changed 2023-10-04
$2,999,000
CRMLS
Price Changed 2023-09-03
$3,199,000
CRMLS
Listed 2023-07-17
$3,399,000
CRMLS
Listing removed 2014-11-16
$2,160,000
TheMLSCLAW
Listed 2014-05-20
$2,160,000
TheMLSCLAW
Sold 1991-11-21
$583,000
Public Record

Net Operating Income: 186802.00

Total Square Feet Living: 9429
Year Built: 1923
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 101
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

One Hundred Eighteenth Street School is a public elementary school located approximately 0.2 miles away.
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Samuel Gompers Middle School is a public middle school located approximately 0.6 miles away.
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Animo Watts College Preparatory Academy is a public high school located approximately 0.6 miles away.
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Los Angeles Adventist Academy is a private elementary and middle school located approximately 0.8 miles away.
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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.