$950,000 Price Analysis   ♡   Los Angeles, CA 90037 6 bed 4 bath 3,314 SqFt ($286/SqFt) 3,582SqFt lot. Built 1929 Listed 2024-04-26, Taxes $4,711 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Welcome to this charming Spanish-style fourplex convenie ntly located near USC
Exposition Park, Lucas Museum, The Coliseum and BMO Stadium. This property features two lower and two upper units, including two 2-bedroom 1-bath and two 1-bedroom 1-bath apartments. Each roomy unit offers plenty of natural light, high ceilings and two parking spots. Plus, there's a separate laundry room and kitchen in every unit, along with individual gas and electric meters. With a few shared walls and two gated entrances, residents enjoy privacy and peace of mind.
Whether you're seeking a personal residnce in one or two connected units while garnering rental income from others or an investor looking to capitalize on the stable income generated by all four current Section 8 tenants, this property presents an enticing opportunity. The neighborhood's popularity among students, coupled with its proximity to USC and the prospect of expanding through neighboring properties, offers both immediate returns and long-term growth potential for discerning investors or developers. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.
Presented by Anna Kadinowa at
Christie's AKG.
Property MLS #24-377211 from TheMLSCLAW
Full Bathrooms: 4
Heating Features: Natural Gas
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 3582
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2500, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2500, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1790, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1750
County: Los Angeles
Cap Rate: 7.34
Directions: Google Maps
Source Property Type: Residential Income
Area: Los Angeles Southwest
Source Neighborhood: Los Angeles Southwest
Parcel Number: 5037-020-033
Postal Code Plus 4: 1570
Zoning: LAR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $112,510 + $243,267 $355,777 | $4,711 |
| 2021 | $110,304 + $238,498 $348,802 | $4,632 |
| 2020 | $109,173 + $236,053 $345,226 | $4,670 |
| 2019 | $107,033 + $231,425 $338,458 | $4,498 |
| 2018 | $104,935 + $226,888 $331,823 | $4,424 |
| 2017 | $102,878 + $222,440 $325,318 | $4,334 |
| 2016 | $100,861 + $218,079 $318,940 | $4,203 |
| 2015 | $99,346 + $214,804 $314,150 | $4,145 |
| 2014 | $97,400 + $210,597 $307,997 | $4,184 |
| 2013 | $96,960 + $209,646 $306,606 | $4,177 |
| 2012 | $95,059 + $205,536 $300,595 | $4,230 |
| 2010 | $93,196 + $201,506 $294,702 | $4,161 |
| 2009 | $153,000 + $510,000 $663,000 | $8,523 |
| 2009 | $92,500 + $200,000 $292,500 | $8,523 |
| 2008 | $156,060 + $520,200 $676,260 | $8,474 |
| 2007 | $153,000 + $510,000 $663,000 | $8,192 |
$950,000
TheMLSCLAW
Listing removed 2010-06-24
$292,500
TheMLSCLAW
Sold 2009-12-09
$292,500
ITECH
Listing removed 2009-11-29
$292,500
TheMLSCLAW
Listed 2009-09-20
$292,500
TheMLSCLAW
Listed 2009-09-18
$292,500
ITECH
Listed 2009-09-18
$292,500
TheMLSCLAW
Sold 2005-06-06
$570,000
Public Record
Sold 1994-12-29
$115,000
Public Record
Year Built: 1929
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 95
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.