$1,999,000 Price Analysis   ♡   Los Angeles, CA 90044 18 bed 11 bath 7,795 SqFt ($256/SqFt) 9,309SqFt lot. Built 1960 Listed 2024-06-14, Taxes $6,718 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
First time on market in a severl decades.
Bread-and-butter deal for a 1st-time Investor or a local owner wanting to ad d to his portfolio. Seven 2 Bed/1 Bath units and four 1 Bed/1 Bath units. Carports in the front and rear. A value-add opportunity from day one - one unit will be delivered vacant, one tenant in eviction and the manager's unit (currently free rent) has no lease or written management agreement, in place, affording a new Buyer some immediate flexibility and upside.
All 3 units could, potentially, be at market soon after COE. Scheduled rents of $16K/month. Proforma rents of $22K+/month.6.4% cap scheduled. 9.4% cap proforma. Between Manchester and Florence, Hoover and the 110.
Presented by Brice Head at
CBRE, Inc.
Property MLS #24-403972 from TheMLSCLAW
Full Bathrooms: 11
Heating Features: Wall
Garage Description: Carport Attached
Parking Total: 6
Lot Size Acres: 0.2137052
Lot Size Dimensions: 50x186
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9309
Calculated Total Monthly Association Fees: 0
Number of Units: 11
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 15400, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 6800
County: Los Angeles
Cap Rate: 6.44
Directions: W 81st St. & S Hoover St.
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Parcel Number: 6032-023-007
Postal Code Plus 4: 5915
Property Location: Alley Access
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $182,008 + $272,089 $454,097 | $6,718 |
| 2021 | $178,440 + $266,754 $445,194 | $6,595 |
| 2020 | $176,611 + $264,019 $440,630 | $6,633 |
| 2019 | $173,149 + $258,843 $431,992 | $6,074 |
| 2018 | $169,754 + $253,768 $423,522 | $5,885 |
| 2017 | $166,426 + $248,793 $415,219 | $5,774 |
| 2016 | $163,163 + $243,915 $407,078 | $5,555 |
| 2015 | $160,713 + $240,252 $400,965 | $5,483 |
| 2014 | $157,565 + $235,546 $393,111 | $5,578 |
| 2013 | $156,853 + $234,482 $391,335 | $5,881 |
| 2012 | $153,778 + $229,885 $383,663 | $5,955 |
| 2010 | $150,763 + $225,378 $376,141 | $5,882 |
| 2009 | $149,993 + $224,226 $374,219 | $5,681 |
| 2009 | $149,637 + $223,694 $373,331 | $5,681 |
| 2008 | $147,052 + $219,830 $366,882 | $5,480 |
| 2007 | $144,169 + $215,520 $359,689 | $5,287 |
$1,999,000
TheMLSCLAW
Listing removed 2014-05-09
$1,250
WestsideRentals
Listed for rent 2014-04-28
$1,250
WestsideRentals
Listing removed 2014-04-22
$1,425
WestsideRentals
Listed for rent 2014-04-16
$1,425
WestsideRentals
Year Built: 1960
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 64
Levels or Stories: 2
Building Total Stories: 2
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.