$1,550,000 Price Analysis   ♡   Los Angeles, CA 90016 8 bed 8 bath 3,866 SqFt ($400/SqFt) 8,287SqFt lot. Listed 2024-06-12, Taxes $18,496 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Classic Spanish Courtyard Style Apartment Building located in the high demand West Adams Rental District.
Four of the units have been remodeled with modern amenities including laminate hardwood style flooring, new kitchens with black trim quartz counter tops and stainless steel appliances, upgraded plumbing with newer main and waste water lines, recessed lighting, new bathrooms with walk in showers. The electrical system was upgraded with all new wiring, a new main panel and 8 individual sub panels.
All new windows. This value-add asset offers a new buyer the opportunity to build new ADU's at the rear of the property and substantially increase the current below market rents. All 8 g rages are owner controlled and can be rented for additional income. Washer and Dryer contained in separate laundry room and is owned by the building. Individually metered for utilities and Individual hot water heaters.
Presented by Alan Wachman at
Miller & Desatnik Realty Co.
Property MLS #24-402847 from TheMLSCLAW
Full Bathrooms: 8
Laundry Features: Community
Lot Size Source: Assessor
Lot Size Square Feet: 8287
Garage Description: Garage - 4+ Car
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1875, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1875, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1875, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1875, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 1875, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 1875, 7 BedsTotal: 1, 7 BathsTotal: 1, 7 SquareFeet: 1875, 8 BedsTotal: 1, 8 BathsTotal: 1, 8 SquareFeet: 1875
County: Los Angeles
Cap Rate: 4.7
Directions: 2 blocks South of Adams Blvd., 6 blocks West of Crenshaw Blvd.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5050-024-015
Postal Code Plus 4: 2908
Zoning: LAR1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $525,000 + $972,500 $1,497,500 | $18,496 |
| 2021 | $101,036 + $808,288 $909,324 | $11,697 |
| 2020 | $300,000 + $1,000,000 $1,300,000 | $16,619 |
| 2019 | $31,839 + $24,593 $56,432 | $1,681 |
| 2018 | $31,215 + $24,111 $55,326 | $1,562 |
| 2017 | $30,603 + $23,639 $54,242 | $1,502 |
| 2016 | $30,003 + $23,176 $53,179 | $1,431 |
| 2015 | $29,553 + $22,828 $52,381 | $1,422 |
| 2014 | $28,975 + $22,381 $51,356 | $1,485 |
| 2013 | $28,845 + $22,280 $51,125 | $1,469 |
| 2012 | $28,280 + $21,844 $50,124 | $1,482 |
| 2010 | $27,726 + $21,416 $49,142 | $1,398 |
| 2009 | $27,585 + $21,307 $48,892 | $1,359 |
| 2009 | $27,519 + $21,256 $48,775 | $1,359 |
| 2008 | $27,045 + $20,890 $47,935 | $1,333 |
| 2007 | $26,515 + $20,481 $46,996 | $1,289 |
$1,550,000
TheMLSCLAW
Listed 2024-06-12
$1,595,000
TheMLSCLAW
Sold 2021-07-15
$1,497,500
Public Record
Listing removed 2021-05-09
$0
TheMLSCLAW
Listing removed 2021-03-25
$0
ShowMojo
Listed 2021-02-04
$1,650,000
TheMLSCLAW
Listing removed 2021-02-02
$0
TheMLSCLAW
Price Changed for rent 2021-01-28
$1,695
ShowMojo
Price Changed for rent 2020-11-20
$1,745
ShowMojo
Listed for rent 2020-10-30
$1,795
TheMLSCLAW
Listed for rent 2020-10-20
$1,795
ShowMojo
Sold 2019-07-31
$780,000
Public Record
Levels: One Level
Living Area Source: Assessor
Property Condition: Updated/Remodeled
Levels or Stories: 1
Building Total Stories: 1
House Style: California Bungalow
Architectural Style: California Bungalow
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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.