$3,750,000 Price Analysis   ♡   Los Angeles, CA 90016 12 bed 8 bath 6,604 SqFt ($567/SqFt) 0.41 acre lot. Built 1948 Listed 2023-09-20, Taxes $27,691 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
RTI plans to add another seven units to the existing renovated 8-unit apartment building on a large lot with parking.
There is also an option for fractional ownership. Currently, there are four 2-bed 1-Bath and four 1-bed 1-Bath units. Six of those eight units were taken to the studs and completely renovated with new double-pane Milgard windows, copper plumbing, electrical wiring, mini-split-system HVAC, wine coolers and other high-end finishes. Sellers have RTI plans to add 3 townhous-style units and add 4 townhouse-style ADUs.
All units will be 2 beds + 2.5 baths with roomy floor plans (+/- 1, 250 SF), rooftop decks and private yards. The property is on a quiet tree-lined street in a quickly developing Culver City adjacent neighborhood project. It is within two blocks of the La Cienega/Jefferson Light Rail Metro Station that connects Downtown Los Angeles and Santa Monica. The property is within a 5-minute walk to Target and Whole Foods Market. There are multiple transformational development projects within a few blocks of numerous major employers within a 1.5-mile radius. Call for more details.
Presented by Mark F. Yusupov at
Keller Williams Beverly Hills.
Property MLS #23-312819 from TheMLSCLAW
Full Bathrooms: 8
Bathroom 1 Features: Shower Over Tub
Microwave
Oven
Oven-Gas
Gas
Laundry Facilities: In Unit, Inside
Laundry Features: In Unit, Inside
Stone Counters
Kitchen Features: Remodeled, Stone Counters
Heating Features: Central, Heat Pump, Electric, Zoned
Window Features: Double Pane Windows
Garage Description: Above Street Level, Carport Detached
Parking Total: 8
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 17996
Other Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Ceiling Fan, Washer, Stackable W/D Hookup, Refrigerator, Range/Oven, Water Line to Refrigerator
Security Features: Carbon Monoxide Detector(s), Smoke Detector
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 9300, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3100, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 7500, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2500
Source Listing Status: Active
County: Los Angeles
Cross Street: Clyde Avenue
Cap Rate: 4.5
Directions: East of La Cienega Blvd, South of Jefferson Blvd.
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 5047-021-041
Postal Code Plus 4: 4628
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $408,000 + $1,836,000 $2,244,000 | $27,691 |
| 2021 | $400,000 + $1,800,000 $2,200,000 | $27,339 |
| 2020 | $302,612 + $730,042 $1,032,654 | $13,870 |
| 2019 | $296,679 + $715,728 $1,012,407 | $13,366 |
| 2018 | $290,862 + $701,695 $992,557 | $13,167 |
| 2017 | $285,159 + $687,937 $973,096 | $12,860 |
| 2016 | $279,568 + $674,449 $954,017 | $12,522 |
| 2015 | $275,369 + $664,319 $939,688 | $12,352 |
| 2014 | $269,975 + $651,306 $921,281 | $12,445 |
| 2013 | $268,755 + $648,363 $917,118 | $12,430 |
| 2012 | $263,486 + $635,650 $899,136 | $12,589 |
| 2010 | $258,320 + $623,187 $881,507 | $12,266 |
| 2009 | $257,000 + $620,000 $877,000 | $11,834 |
| 2009 | $256,390 + $618,530 $874,920 | $11,834 |
| 2008 | $286,844 + $469,774 $756,618 | $10,134 |
| 2007 | $281,220 + $460,563 $741,783 | $9,801 |
$3,750,000
TheMLSCLAW
Sold 2020-12-23
$2,200,000
CRMLS
Sold 2008-07-07
$876,525
ITECH
Listed 2008-04-10
$899,900
ITECH
Listed 2008-04-10
$899,900
ITECH
Sold 2004-03-31
$699,000
Public Record
Year Built: 1948
Foundation Details: Raised
Levels: One Level, Two Level
Living Area Source: Vendor Enhanced
Property Age: 76
Property Condition: Updated/Remodeled
Roof: Composition, Shingle
Levels or Stories: 2
Building Total Stories: 2
House Style: Contemporary
Year Built Source: Vendor Enhanced
Architectural Style: Contemporary
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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.