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$1,700,000   Price Analysis
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5371 Louis Pl
Los Angeles, CA 90022
Unknown bed None bath 3,360 SqFt ($505/SqFt)
4,930SqFt lot. Built 1928
Listed 2024-05-26, Taxes $13,291
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Opportunity Awaits those looking for a tremendous investment!

This is a Diamond in the Rough apartment complex with 10 units with 4-1 cr enclosed garages in the rear and 1-2 car with alley access located in prime location of ELA which borders Montebello. There are 9 studio units, one being double studio and the tenth unit is a one bedroom that the seller occupies.

All excellent payi ng tenants on month to month basis. Complex is gated for added security, with a laundry room shared by all tenants. Located blocks and walking distance to DMV, major shopping centers, gas stations, bus transportation, restaurants, so much more.


Presented by The Lisa Donati Team at
Excellence Re Real Estate.
Listing Agent Photo

Property MLS #CV24095792 from CRMLS

All Bedrooms Down, All Bedrooms Up

Laundry Features: Common Area

Heating Features: Wall Furnace
Heating: Yes

Flooring: Carpet, Tile

Lot Description: 6-10 Units/Acre
Lot Size Acres: 0.1131772
Lot Size Source: Assessor
Lot Size Square Feet: 4930

Garage Spaces: 5
Parking Total: 5

Number of Units: 10
Bedrooms in Unit-1: 10
Total Bathrooms in Unit-1: 10
Unit-1 Garage Spaces: 5

Calculated Total Monthly Association Fees: 0

Tenant Pays: All Utilities

Community Features: Curbs

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 6340003023
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$236,718 + $556,292
$793,010
$13,291
2021$232,077 + $545,385
$777,462
$13,150
2020$229,698 + $539,793
$769,491
$13,227
2019$225,195 + $529,209
$754,404
$12,479
2018$220,780 + $518,833
$739,613
$12,334
2017$216,451 + $508,660
$725,111
$12,129
2016$212,207 + $498,687
$710,894
$11,881
2015$209,020 + $491,197
$700,217
$11,721
2014$204,926 + $481,576
$686,502
$11,839
2013$204,000 + $479,400
$683,400
$11,771
2012$200,000 + $470,000
$670,000
$11,799
2010$190,182 + $188,652
$378,834
$8,250
2009$26,250 + $23,207
$49,457
$4,133
2009$188,761 + $187,243
$376,004
$4,133
2008$25,736 + $22,752
$48,488
$4,044
2007$25,232 + $22,306
$47,538
$2,944

Price Changed 2024-07-03
$1,700,000
CRMLS
Listed 2024-05-26
$2,500,000
CRMLS
Sold 2011-07-21
$225,000
Public Record

Net Operating Income: 8000.00

Total Square Feet Living: 3360
Year Built: 1928
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: ft Steps
Property Age: 96
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Fourth Street Primary Center is a public elementary school located approximately 0.5 miles away.
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David Wark Griffith Middle School is a public middle school located approximately 0.9 miles away.
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Hilda L. Solis Learning Academy School Of Technology, Business And Education is a public high school located approximately 1.7 miles away.
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St Alphonsus Elementary is a private elementary and middle school located approximately 0.3 miles away.
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bathroombedroomporchporch

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.