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$968,000   Price Analysis
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1125 S Lake St
Los Angeles, CA 90006
9 bed 4 bath 4,117 SqFt ($235/SqFt)
8,579SqFt lot. Built 1905
Listed 2023-09-30, Taxes $10,468
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

BACK TO MARKET DownTown LA Area Welcome to this fantastic investment opportunity in the sought-after 90006 zip code This well-maintained residential income property boasts four vast units

Making it an ideal choice for both seasoned investors and those looking to start their real estate portfoli. Existing Floorplan 1st Floor: 1 unit (1/1) 2nd Floor: 2 units (2/1, 3/1) 3rd Floor: 1 unit (3/1) Living space 4, 117 Lot size 8, 579 Zoning R4 Currentl y, 1 tenant occupies a partial area of the 1st floor, there are plans/permits almost approved for a conversion of the 1st floor into 4 units utilizing the same footprint, for a total of 7-units.

BACK TO MARKET DownTown LA Area Welcome to this fantastic investment opportunity in the sought-after 90006 zip code This well-maintained residential income property boasts four vast units, making it an ideal choice for both seasoned investors and those looking to start their real estate portfoli. Existing Floorplan 1st Floor: 1 unit (1/1) 2nd Floor: 2 units (2/1, 3/1) 3rd Floor: 1 unit (3/1) Living space 4, 117 Lot size 8, 579 Zoning R4 Currentl y, 1 tenant occupies a partial area of the 1st floor, there are plans/permits almost approved for a conversion of the 1st floor into 4 units utilizing the same footprint, for a total of 7-units.


Presented by Pablo Aspiazu at
Homequest Real Estate.


Property MLS #PW23175818 from CRMLS

Bedrooms: 9

Full Bathrooms: 4

Lot Description: Lot 6500-9999
Lot Size Acres: 0.1969467
Lot Size Source: Assessor
Lot Size Square Feet: 8579

Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 1280.00
Maintenance Expense: 3632.00

Number of Units Leased: 4
Rent Control: Yes

Community Features: Sidewalks, Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2195.00
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 5136017013
Postal Code Plus 4: 3622
Professional Management Expense: 2872.00
Trash Expense: 284.00
Zoning: LAR4
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$290,033 + $546,601
$836,634
$10,468
2021$284,347 + $535,884
$820,231
$10,322
2020$281,432 + $530,390
$811,822
$10,421
2019$275,914 + $519,991
$795,905
$10,024
2018$270,504 + $509,796
$780,300
$9,838
2017$346,800 + $714,000
$1,060,800
$13,139
2016$340,000 + $700,000
$1,040,000
$12,817
2015$220,160 + $427,449
$647,609
$8,141
2014$215,848 + $419,076
$634,924
$8,165
2013$214,873 + $417,182
$632,055
$8,159
2012$210,660 + $409,002
$619,662
$8,268
2010$206,530 + $400,983
$607,513
$8,111
2009$205,474 + $398,933
$604,407
$7,813
2009$204,987 + $397,987
$602,974
$7,813
2008$200,729 + $545,690
$746,419
$9,318
2007$98,171 + $232,166
$330,337
$4,290

Price Changed 2024-04-28
$968,000
CRMLS
Price Changed 2024-02-14
$998,000
CRMLS
Price Changed 2024-01-30
$1,068,000
CRMLS
Price Changed 2023-12-02
$1,198,000
CRMLS
Listed 2023-09-30
$1,268,000
CRMLS
Sold 2015-07-16
$659,000
Public Record
Sold 1998-12-28
$320,000
Public Record
Listing removed 1997-08-27
$159,500
ITECH
Sold 1997-08-08
$285,000
Public Record
Listed 1997-02-26
$159,500
ITECH

Net Operating Income: 23563.00

Total Square Feet Living: 4117
Year Built: 1905
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 119
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Quadruplex
Year Built Source: Assessor

Electric Expense: 1133.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1150.00
Water Source: Public

Leo Politi Elementary School is a public elementary school located approximately 0.3 miles away.
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Berendo Middle School is a public middle school located approximately 0.6 miles away.
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Belmont Senior High School is a public high school located approximately 1.4 miles away.
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Green Pastures Cultivation Academy is a private middle and high school located approximately 0.5 miles away.
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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.