$899,900 Price Analysis   ♡   Los Angeles, CA 90018 4 bed 2 bath 2,900 SqFt ($310/SqFt) 6,100SqFt lot. Built 1923 Listed 2024-07-16, Taxes $2,842 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Motivated Seller!
Red uced Price on tenant-occupied Duplex in Desirable Arlington Heights. Exceptional investment opportunity near Country Club Park, Western Heights, Koreatown and West Adams. This two-story Spanish Colonial duplex, built in 1923, is now listed at a significantly reduced price because property will be sold tenant-occupied. Property features two nearly identcal units, each with 2 bedrooms, 1 bathroom, a sizeable living room, formal dining room, kitchen and laundry room, each approximately 1, 450 sq. ft. The property includes (3) 1-car garages with potential for ADU conversion to increase rental income.
With 2, 900 sq. ft. of living space on a 6, 098 sq. ft. LARD2 zoned TOC Tier 2 lot, this property offers versatility and significant upside potential at market rents or upon redevelopment. Listing price improved because existing rents are below market and subject to Los Angeles City Rent Stabilization Ordiance (RSO). Buyer must take the property AS-IS, tenant occupied, subject to tenant rights. No exceptions. Conveniently located near the 10 and 405 freeways, the property provides easy access to DTLA, LAX, employment centers, restaurants, shopping, museums and Westside beaches. Arlington Heights is a growing community with historic landmarks and charming architecture, making it an ideal place for multifamily investment. Don't miss out on this motivated seller and reduced price opportunity. Submit offers subject to interior inspection today!
Presented by Christie Thomas at
Coldwell Banker Champion Realty.
Property MLS #24-414457 from TheMLSCLAW
Full Bathrooms: 2
Laundry Features: Room
Heating Features: Floor, Wall, Fireplace
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6100
Garage Description: Driveway, Garage
Parking Total: 3
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2500, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2500
Source Listing Status: Active
County: Los Angeles
Directions: North of the 10 Fwy / South of W. Washington Blvd / East of Crenshaw Blvd / West of 10th Ave
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5060-010-022
Postal Code Plus 4: 1026
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $95,645 + $109,310 $204,955 | $2,842 |
| 2021 | $93,770 + $107,167 $200,937 | $2,789 |
| 2020 | $92,809 + $106,069 $198,878 | $2,811 |
| 2019 | $90,990 + $103,990 $194,980 | $2,714 |
| 2018 | $89,206 + $101,951 $191,157 | $2,597 |
| 2017 | $87,457 + $99,952 $187,409 | $2,547 |
| 2016 | $85,743 + $97,993 $183,736 | $2,457 |
| 2015 | $84,456 + $96,522 $180,978 | $2,425 |
| 2014 | $82,802 + $94,632 $177,434 | $2,448 |
| 2013 | $82,428 + $94,205 $176,633 | $2,442 |
| 2012 | $80,812 + $92,358 $173,170 | $2,474 |
| 2010 | $79,228 + $90,548 $169,776 | $2,444 |
| 2009 | $78,823 + $90,086 $168,909 | $2,351 |
| 2009 | $78,636 + $89,872 $168,508 | $2,351 |
| 2008 | $77,278 + $88,320 $165,598 | $2,260 |
| 2007 | $75,763 + $86,589 $162,352 | $2,178 |
$899,900
TheMLSCLAW
Listing removed 2024-07-16
$0
TheMLSCLAW
Relisted 2024-05-15
$1,100,000
TheMLSCLAW
Listing removed 2024-04-16
$0
TheMLSCLAW
Relisted 2024-04-13
$1,100,000
TheMLSCLAW
Listing removed 2024-03-15
$0
TheMLSCLAW
Listed 2023-11-16
$1,100,000
TheMLSCLAW
Sold 1983-07-06
$106,000
Public Record
Year Built: 1923
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 101
Roof: Flat
House Style: Spanish Colonial
Year Built Source: Vendor Enhanced
Architectural Style: Spanish Colonial
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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.