$1,500,000 Price Analysis   ♡   Los Angeles, CA 90003 12 bed 12 bath 5,424 SqFt ($276/SqFt) 6,214SqFt lot. Built 2003 Listed 2024-07-09, Taxes $13,880 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
2003 CONSTRUCTION- NO LA RENT CONTROL | 2 VACANCIES!
* Sale Pending *| LARGE 3 BED, 2.5 BATH TOWNHOUSE UNITS. This modern 4-unit apartment building was constructed in 2003 and has NO LA City Rent Control.Spannng a total building size of 5, 424 sqft on a 6, 214 sqft lot, each of the four townhouse-style units features three big bedrooms and two and a half bathrooms. Two of these units are currently vacant, offering immediate occupancy or rental potential. Each unit is allocated four parking spaces, including a two-car garage and a carport, totaling sixteen parking spaces for the entire property. The LAC2 zoning adds another layer of value to this versatile investment.This property boasts several modern conveniences, including central air conditioning, all copper plumbing and a newer roof, ensuring long-term durability and tenant comfort.
Each unit is separately metered for utilities, providing a hassle-free management experience. The gated entrance enhances security and privacy, while washer and dryer hookups in every unit add a layer of convenience for tenants.This property is especially attractive for Section 8 voucher holders, allowing savvy investors to command high rents. Currently, the property operates at a 6.68% Cap Rate and a 9.90 GRM, highlighting its strong investment potential. Don't miss out on this rare opportunity to own a well-maintained, high-potential property in a desirable area of South Los Angeles. Please do not disturb the tenants. Drive-by only.
Presented by Chase Simonton at
RE/MAX One.
Property MLS #24-412851 from TheMLSCLAW
Full Bathrooms: 12
Laundry Features: In Unit
Heating Features: Central
Covered Spaces: 16
Garage Spaces: 8
Garage Description: Carport Attached, Garage - 2 Car
Parking Total: 16
Lot Size Source: Assessor
Lot Size Square Feet: 6214
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2.5, 1 SquareFeet: 3915, 2 BedsTotal: 3, 2 BathsTotal: 2.5, 2 SquareFeet: 3915, 3 BedsTotal: 3, 3 BathsTotal: 2.5, 3 SquareFeet: 3915, 4 BedsTotal: 3, 4 BathsTotal: 2.5, 4 SquareFeet: 3915
County: Los Angeles
Cap Rate: 6.68
Directions: Corner of Figueroa and 88th St
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Parcel Number: 6038-006-025
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $511,567 + $608,792 $1,120,359 | $13,880 |
| 2021 | $503,076 + $393,711 $896,787 | $11,317 |
| 2020 | $497,918 + $389,674 $887,592 | $11,424 |
| 2019 | $488,155 + $382,034 $870,189 | $10,991 |
| 2018 | $478,584 + $374,544 $853,128 | $10,843 |
| 2017 | $469,200 + $367,200 $836,400 | $10,618 |
| 2016 | $460,000 + $360,000 $820,000 | $10,331 |
| 2015 | $256,152 + $512,305 $768,457 | $9,718 |
| 2014 | $251,135 + $502,270 $753,405 | $9,772 |
| 2013 | $262,481 + $313,723 $576,204 | $7,639 |
| 2012 | $257,335 + $307,572 $564,907 | $7,734 |
| 2010 | $190,000 + $200,000 $390,000 | $7,562 |
| 2009 | $468,180 + $312,120 $780,300 | $10,084 |
| 2009 | $250,405 + $299,289 $549,694 | $10,084 |
| 2008 | $459,000 + $306,000 $765,000 | $9,663 |
| 2007 | $613,378 + $106,120 $719,498 | $8,975 |
$1,500,000
TheMLSCLAW
Listing removed 2020-12-13
$0
TheMLSCLAW
Listed for rent 2020-11-18
$2,100
TheMLSCLAW
Listing removed 2020-11-17
$0
TheMLSCLAW
Listed for rent 2020-11-11
$2,100
TheMLSCLAW
Listing removed 2019-04-09
$0
TheMLSCLAW
Listed for rent 2019-04-03
$2,100
TheMLSCLAW
Listing removed 2019-02-11
$0
TheMLSCLAW
Listing removed 2019-02-07
$2,250
TheMLSCLAW
Listed for rent 2019-01-13
$2,250
TheMLSCLAW
Listing removed 2019-01-01
$0
TheMLSCLAW
Price Changed for rent 2018-11-15
$2,250
TheMLSCLAW
Listed for rent 2018-11-03
$2,450
TheMLSCLAW
Listing removed 2016-08-20
$1,800
TheMLSCLAW
Price Changed for rent 2016-08-18
$1,800
TheMLSCLAW
Listed for rent 2016-08-16
$1,750
TheMLSCLAW
Sold 2015-07-22
$820,000
TheMLSCLAW
Price Changed 2015-06-08
$840,000
TheMLSCLAW
Listing removed 2015-04-20
$1,680
RentecDirect
Listed 2015-04-19
$870,000
TheMLSCLAW
Listed for rent 2015-04-10
$1,680
RentecDirect
Listing removed 2015-03-26
$1,680
RentecDirect
Listed for rent 2015-02-13
$1,680
RentecDirect
Listing removed 2015-01-30
$1,680
RentecDirect
Price Changed for rent 2014-09-20
$1,680
RentecDirect
Listed for rent 2014-02-08
$1,700
RentecDirect
Listing removed 2014-01-23
$1,700
RentecDirect
Price Changed for rent 2013-12-17
$1,700
RentecDirect
Price Changed for rent 2013-12-10
$1,750
RentecDirect
Price Changed for rent 2013-12-07
$1,795
RentecDirect
Listed for rent 2013-11-27
$1,850
RentecDirect
Sold 2013-03-25
$750,000
Public Record
Listing removed 2009-08-31
$725,000
ITECH
Listing removed 2009-05-05
$725,000
TheMLSCLAW
Listed 2009-05-01
$749,000
TheMLSCLAW
Listed 2009-04-30
$725,000
ITECH
Listing removed 2009-03-01
$775,000
TheMLSCLAW
Listing removed 2009-02-28
$775,000
ITECH
Listed 2008-06-04
$850,000
TheMLSCLAW
Listed 2008-06-02
$775,000
ITECH
Sold 1988-02-03
$220,000
Public Record
Year Built: 2003
Common Walls: Attached
Levels: Two Level
Living Area Source: Assessor
Property Age: 21
Property Condition: New Construction
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
Security Features: Gated
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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.