$900,000 Price Analysis   ♡   Los Angeles, CA 90037 6 bed 5 bath 3,585 SqFt ($251/SqFt) 9,901SqFt lot. Built 1938 Listed 2024-02-23, Taxes $2,219 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This is an exciting investment opportunity in South Los Angeles!
* Has Contingent Offer *Don't miss this remarkable 5-unit income property with immense potential for savvy investors. This property boasts a mix of four 1-bedroom, 1-bathroom units and one 2-bedroom. 1-bathroom unit, perfectly designed for rentl income. Each unit is equipped with its own washer and dryer hookup, providing convenience and added value for the tenants.
There is ample parking with one single car garage and two 2-car garages ensuring sufficient parking for all residents. While the property may require some renovations and upgrades this presents a fantastic chance for investors to add value and maximize returns. Priced competitively and poised for transformation, this property represents an exceptional opportunity in the thriving South Los Angeles real estate market. Here's your chance to turn this diamond in the rough into a lucrative investment.
Presented by Darilyn Mitchell at
Pinnacle Estate Properties, In.
Property MLS #SR24035834 from CRMLS
Heating: Yes
Lot Size Acres: 0.2272957
Lot Size Source: Assessor
Lot Size Square Feet: 9901
Parking Features: Parking YN: Yes, Parking Features: Garage - Single Door, Garage - Two Door, Gated
Parking Total: 5
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 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
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
Tenant Pays: Cable TV, Electricity, Gas, Telephone
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 9684.00
Area: C34 - Los Angeles Southwest
Source Neighborhood: C34 - Los Angeles Southwest
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Parcel Number: 5002013017
Postal Code Plus 4: 9003
Professional Management Expense: 4800.00
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $59,736 + $38,390 $98,126 | $2,219 |
| 2021 | $58,565 + $37,638 $96,203 | $2,176 |
| 2020 | $57,965 + $37,253 $95,218 | $2,184 |
| 2019 | $56,829 + $36,523 $93,352 | $2,138 |
| 2018 | $55,715 + $35,807 $91,522 | $1,956 |
| 2017 | $54,623 + $35,105 $89,728 | $1,887 |
| 2016 | $53,552 + $34,417 $87,969 | $1,811 |
| 2015 | $52,748 + $33,901 $86,649 | $1,795 |
| 2014 | $51,715 + $33,237 $84,952 | $1,839 |
| 2013 | $51,482 + $33,087 $84,569 | $1,823 |
| 2012 | $50,473 + $32,439 $82,912 | $1,841 |
| 2010 | $49,484 + $31,803 $81,287 | $1,745 |
| 2009 | $49,232 + $31,641 $80,873 | $1,692 |
| 2009 | $49,115 + $31,566 $80,681 | $1,692 |
| 2008 | $48,267 + $31,021 $79,288 | $1,649 |
| 2007 | $47,321 + $30,413 $77,734 | $1,595 |
$900,000
CRMLS
Listing removed 2024-05-07
$0
CRMLS
Price Changed 2024-04-26
$925,000
CRMLS
Listed 2024-02-23
$982,500
CRMLS
Year Built: 1938
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: door
Property Age: 86
Property Attached: Yes
Property Condition: Fixer, Repairs Cosmetic
Levels or Stories: One
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Assessor
Water Source: Public
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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.