$1,275,000 Price Analysis   ♡   Los Angeles, CA 90016 8 bed 4 bath 4,348 SqFt ($293/SqFt) 5,803SqFt lot. Built 1923 Listed 2024-06-17, Taxes $11,100 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Great opportunity to own a well-maintained
Cl assic two up, two down Spanish 4-unit building in Mid-City, North of 10 freeway. Enter front yard through charming archway hedged with bougainvillea that leads to attractive front yard, patio and lobby entrance with interior staircase. Building features four large 2+1 units with longer-term tenants. Strong current rents and significant up-side potential! Actual rents: $1, 161.36, $1, 446.70, $2, 100 and $2, 100 ($6, 808/month total).
and two tenants ($2, 100/month each) have not had recent rent increases. These two units were updated 5-10 years ago, including new kitchen, new tiled bathroom, carpet in bedrooms and hardwood floors in living and kitchen. Laundry hook-ups in some units nd good amount of closet space. Exterior was painted. Each unit has their own parking space at the back or build up to 2 ADU's per LADBS. Great location a few blocks from Midtown Shopping Center, numerous coffee shops, restaurants, food trucks and recreation facilities.
Presented by Reid Kaplan at
RE MAX Estate Properties.
Property MLS #24-400919 from TheMLSCLAW
Full Bathrooms: 4
Lot Size Acres: 0.1332185
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5803
Parking Total: 4
Tenant Pays: Gas, Electric
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2800, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2800, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2800, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2800
County: Los Angeles
Cap Rate: 4.12
Directions: 1/2 block south of Washington Blvd.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Owner Pays: Water
Parcel Number: 5061-016-034
Postal Code Plus 4: 1508
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $220,840 + $679,515 $900,355 | $11,100 |
| 2021 | $216,510 + $666,192 $882,702 | $10,944 |
| 2020 | $214,290 + $659,362 $873,652 | $11,050 |
| 2019 | $210,089 + $646,434 $856,523 | $10,624 |
| 2018 | $205,970 + $633,759 $839,729 | $10,506 |
| 2017 | $201,932 + $621,333 $823,265 | $10,285 |
| 2016 | $197,973 + $609,150 $807,123 | $10,017 |
| 2015 | $195,000 + $600,000 $795,000 | $9,874 |
| 2014 | $115,979 + $347,947 $463,926 | $6,083 |
| 2013 | $115,455 + $346,375 $461,830 | $6,078 |
| 2012 | $113,192 + $339,584 $452,776 | $6,159 |
| 2010 | $110,973 + $332,926 $443,899 | $6,053 |
| 2009 | $110,406 + $331,223 $441,629 | $5,830 |
| 2009 | $110,144 + $330,438 $440,582 | $5,830 |
| 2008 | $108,242 + $324,729 $432,971 | $5,592 |
| 2007 | $106,120 + $318,362 $424,482 | $5,398 |
$1,275,000
TheMLSCLAW
Sold 2014-11-18
$795,000
Public Record
Listing removed 2014-11-07
$829,700
CRMLS
Price Changed 2014-10-06
$829,700
CRMLS
Price Changed 2014-09-23
$849,700
CRMLS
Listed 2014-09-06
$859,700
CRMLS
Sold 2003-12-02
$400,000
Public Record
Listing removed 2000-12-14
$370,000
ITECH
Sold 2000-12-04
$295,000
Public Record
Listed 1999-12-13
$370,000
ITECH
Sold 1988-12-02
$235,000
Public Record
Year Built: 1923
Common Walls: Attached
Direction Faces: West
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 101
Levels or Stories: 2
Building Total Stories: 2
House Style: Spanish
Year Built Source: Vendor Enhanced
Architectural Style: Spanish
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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.