$1,599,000 Price Analysis   ♡   Los Angeles, CA 90002 9 bed 9 bath 4,894 SqFt ($326/SqFt) 5,063SqFt lot. Built 1956 Listed 2024-05-31, Taxes $13,545 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Discover a standout investment in the heart of Los Angeles!
This eye-catching, two-story building features 10 in-demand residential units, making it a hot property for the savvy investor. Choose from a mix of one sizeable 2-bed, 1-bath unit, eight charming 1-bed, 1-bath units and a cozy studio. Plus, with four single-car garages available for lease, there's extra income potential. What makes this property irresistible? The vibrant paint job and updated windows make it a prime location for tenants. Most units also feature refreshed interiors and individual water heaters, offering modern comfort.
The exterior has seen a major upgrade, with over $200K spent on a seismic retrofit to meet Los Angeles city. Situated close to public transportation, local amenities and minutes from Downtown LA, this property is a fantastic opportunity for rental growth. Even better, a twin building next door shares a courtyard with this property and is also up for sale. With two separate APNs, both properties are a package deal. The address of the neighboring building is 8704 S. Central Avenue, MLS: MB24106529 This prime investment is on the market now, waiting for a smart investor to snap it up. Th seller is willing to negotiate a carryback offer. Dont miss your chance to add this standout property to your portfolio!
Presented by Robert Soriano at
Excellence RE Real Estate, Inc .
Property MLS #MB24107071 from CRMLS
Heating: Yes
Lot Size Acres: 0.1162305
Lot Size Source: Assessor
Lot Size Square Feet: 5063
Parking Total: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Tenant Pays: All Utilities
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 4036.00
Area: C37 - Metropolitan South
Source Neighborhood: C37 - Metropolitan South
Number of Separate Electric Meters: 10
Number of Separate Gas Meters: 10
Number of Separate Water Meters: 1
Parcel Number: 6043002016
Postal Code Plus 4: 1117
Trash Expense: 6600.00
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $708,264 + $257,544 $965,808 | $13,545 |
| 2021 | $694,377 + $252,495 $946,872 | $13,361 |
| 2020 | $687,258 + $249,906 $937,164 | $13,475 |
| 2019 | $673,783 + $245,006 $918,789 | $12,987 |
| 2018 | $660,572 + $240,202 $900,774 | $12,854 |
| 2017 | $420,000 + $400,000 $820,000 | $11,785 |
| 2016 | $382,200 + $417,800 $800,000 | $11,434 |
| 2015 | $366,000 + $400,000 $766,000 | $11,000 |
| 2014 | $397,700 + $412,300 $810,000 | $11,782 |
| 2013 | $309,300 + $320,700 $630,000 | $9,594 |
| 2012 | $309,300 + $320,700 $630,000 | $9,848 |
| 2010 | $309,300 + $320,700 $630,000 | $9,781 |
| 2009 | $583,664 + $212,241 $795,905 | $11,397 |
| 2009 | $309,300 + $320,700 $630,000 | $11,397 |
| 2008 | $572,220 + $208,080 $780,300 | $10,896 |
| 2007 | $561,000 + $204,000 $765,000 | $10,504 |
$1,599,000
CRMLS
Listing removed 2024-06-07
$0
CRMLS
Listed 2024-05-31
$1,599,000
CRMLS
Listing removed 2024-05-24
$0
CRMLS
Listed 2024-02-27
$1,675,000
CRMLS
Listing removed 2024-02-17
$0
CRMLS
Price Changed 2023-11-07
$1,675,000
CRMLS
Price Changed 2023-09-16
$1,715,000
CRMLS
Price Changed 2023-04-25
$1,775,000
CRMLS
Listed 2023-04-13
$1,825,000
CRMLS
Listing removed 2023-01-14
$0
CRMLS
Listed 2022-10-21
$2,100,000
CRMLS
Listing removed 2002-12-13
$310,000
ITECH
Listing removed 2002-12-06
$389,000
ITECH
Sold 2002-09-30
$392,000
Public Record
Listed 2002-06-05
$389,000
ITECH
Listed 2001-02-26
$310,000
ITECH
Sold 1997-04-11
$125,000
Public Record
Year Built: 1956
Building Features: 1
Common Walls: 2+ Common Walls
Direction Faces: West
Entry Level: 1
Entry Location: 1
Property Age: 68
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Appraiser
Electric Expense: 1000.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 6000.00
Water Source: Public
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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.