$1150000 Price Analysis   ♡   Los Angeles, CA 90016 7 bed 3 bath 1973 SqFt ($582/SqFt) 5791SqFt lot. Built 1924 Listed 2024-06-11, Taxes $10626 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Three-unit Property with Future Development Ptential with RD.1 Zoning.
Located in the desirable neighborhood of Mid-Wilshire near Culver City, Beverly Hills and Downtown Los Angeles, this property boasts a tremendous mix of units, including two-bedroom and three-bedroom layouts. Each is occupied by stable tenants, ensuring consistent rental income for the new owner.
The property is designed for easy management, making it an ideal investment for those seeking a hassle-free income stream with low operating expenses. With a solid 5.5% CAP rate and 13 GRM, this property promises a strong return on investment. Tech companies are moving to this area, which is evidence of the long-term investment strategy and investor confidence in the growth of this part of Los Angeles.
Presented by Behrouz Lavi at
Keller Williams Realty-Studio City.
Property MLS #SR24117674 from CRMLS
Lot Size Acres: 0.1329431
Lot Size Source: Assessor
Lot Size Square Feet: 5791
Parking Total: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2
Maintenance Expense: 2400.00
County: Los Angeles
Cap Rate: 5.50
Source Property Type: Residential Income
Insurance Expense: 4500.00
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
New Taxes Expense: 12500.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 5063019036
Pest Control Expense: 500.00
Postal Code Plus 4: 2116
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $263160 + $614040 $877200 | $10626 |
| 2021 | $258000 + $602000 $860000 | $10492 |
| 2020 | $20817 + $25521 $46338 | $939 |
| 2019 | $20409 + $25021 $45430 | $916 |
| 2018 | $20009 + $24531 $44540 | $822 |
| 2017 | $19617 + $24050 $43667 | $811 |
| 2016 | $19233 + $23579 $42812 | $771 |
| 2015 | $18945 + $23225 $42170 | $763 |
| 2014 | $18574 + $22771 $41345 | $790 |
| 2013 | $18491 + $22669 $41160 | $784 |
| 2012 | $18129 + $22225 $40354 | $793 |
| 2010 | $17774 + $21790 $39564 | $798 |
| 2009 | $17684 + $21680 $39364 | $768 |
| 2009 | $17642 + $21628 $39270 | $768 |
| 2008 | $17338 + $21255 $38593 | $747 |
| 2007 | $16999 + $20839 $37838 | $719 |
$1150000
CRMLS
Listing removed 2022-09-06
$0
ShowMojo
Price Changed for rent 2022-08-24
$3400
ShowMojo
Listed for rent 2022-07-30
$3500
ShowMojo
Listing removed 2022-07-23
$0
ShowMojo
Price Changed for rent 2022-07-13
$2199
ShowMojo
Listed for rent 2022-06-25
$2250
ShowMojo
Listing removed 2022-06-19
$0
ShowMojo
Price Changed for rent 2022-06-17
$2495
ShowMojo
Listed for rent 2022-06-16
$2445
ShowMojo
Listing removed 2022-06-10
$0
TheMLSCLAW
Price Changed 2022-05-09
$1195000
TheMLSCLAW
Listed 2022-02-02
$1295000
TheMLSCLAW
Sold 2020-09-28
$860000
CRISNET
Listing removed 2020-07-28
$825000
CRISNET
Price Changed 2020-07-07
$825000
CRISNET
Price Changed 2020-06-01
$839000
CRISNET
Relisted 2020-05-22
$850000
CRISNET
Listing removed 2020-05-20
$0
CRISNET
Relisted 2020-05-16
$850000
CRISNET
Listing removed 2020-05-14
$0
CRISNET
Relisted 2020-05-13
$850000
CRISNET
Listing removed 2020-05-12
$0
CRISNET
Relisted 2020-05-06
$850000
CRISNET
Listing removed 2020-05-04
$0
CRISNET
Relisted 2020-04-30
$850000
CRISNET
Listing removed 2020-04-29
$0
CRISNET
Listed 2020-04-26
$850000
CRISNET
Sold 2020-03-03
$790000
CRISNET
Listing removed 2019-06-28
$0
CRMLS
Relisted 2019-06-01
$799000
CRMLS
Listing removed 2019-05-31
$0
CRMLS
Listed 2019-05-01
$799000
CRMLS
Listing removed 2017-02-01
$605000
TheMLSCLAW
Relisted 2016-12-06
$605000
TheMLSCLAW
Listing removed 2016-12-01
$605000
TheMLSCLAW
Listed 2016-08-24
$605000
TheMLSCLAW
Listing removed 2016-07-19
$639000
CRMLS
Relisted 2016-07-08
$639000
CRMLS
Listing removed 2016-06-23
$639000
CRMLS
Listed 2016-05-30
$639000
CRMLS
Year Built: 1924
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 100
Property Attached: Yes
Building Total Stories: 1
Structure Type: Triplex
Year Built Source: Assessor
Water Source: Public
Map directions Map directions Map directions Map directionsThe 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.