$6,950,000 Price Analysis   ♡   Los Angeles, CA 90043 58 bed 43 bath 23,874 SqFt ($291/SqFt) 0.47 acre lot. Built 1964 Listed 2024-06-13, Taxes $50,701 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Highly desirable 3-story
26-unit multifamily asset situated in the Hyde Park neighbo rhood blocks from up and coming Inglewood. Located walking distance to the new Metro K Line. Property has many upgrades including: seismic retrofit, newer roof, solar central water heater, security gates, vinyl windows, new exterior paint and 60 percent of the units have renovated interiors with new kitchens, vinyl flooring and baths.
The property is a solid investment opportunity with remaining upside and value-add potential to increase rents substantially. This property can also be purchased alongside the property across the street (8-unit) at 6821 11th Avenue. There is also potntial to add up to 6 ADUs in the carports and garage area.
Presented by David Berneman at
David Berneman.
Property MLS #24-403751 from TheMLSCLAW
Full Bathrooms: 43
Microwave
Laundry Facilities: Laundry Area
Laundry Features: Laundry Area
Kitchen Features: Remodeled
Heating Features: Wall
Lot Size Dimensions: 108x189
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 20389
Garage Description: Direct Entrance, Auto Driveway Gate, Assigned, Driveway
Parking Total: 20
Other Equipment: Cable, Ceiling Fan, Microwave, Phone System, Dishwasher, Refrigerator, Freezer
Security Features: Automatic Gate, Gated, Resident Manager
Calculated Total Monthly Association Fees: 0
Number of Units: 26
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1950, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2350, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 2450, 4 BedsTotal: 2, 4 BathsTotal: 2, 4 SquareFeet: 2550, 5 BedsTotal: 3, 5 BathsTotal: 2, 5 SquareFeet: 2950, 6 BedsTotal: 4, 6 BathsTotal: 2, 6 SquareFeet: 3500
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.4
Directions: Hyde Park Boulevard and Crenshaw Boulevard
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 4006-026-041
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,793,926 + $2,265,059 $4,058,985 | $50,701 |
| 2021 | $1,758,751 + $2,220,647 $3,979,398 | $49,977 |
| 2020 | $1,740,718 + $2,197,877 $3,938,595 | $50,509 |
| 2019 | $1,706,587 + $2,154,782 $3,861,369 | $48,532 |
| 2018 | $1,673,125 + $2,112,532 $3,785,657 | $48,077 |
| 2017 | $1,640,319 + $2,071,110 $3,711,429 | $47,024 |
| 2016 | $1,608,156 + $2,030,500 $3,638,656 | $45,754 |
| 2015 | $750,000 + $1,800,000 $2,550,000 | $32,784 |
| 2014 | $880,000 + $1,320,000 $2,200,000 | $29,218 |
| 2013 | $780,300 + $1,820,700 $2,601,000 | $34,244 |
| 2012 | $765,000 + $1,785,000 $2,550,000 | $34,701 |
| 2010 | $750,000 + $1,750,000 $2,500,000 | $48,696 |
| 2009 | $1,872,720 + $1,768,680 $3,641,400 | $46,934 |
| 2009 | $1,868,281 + $1,764,488 $3,632,769 | $46,934 |
| 2008 | $1,836,000 + $1,734,000 $3,570,000 | $44,971 |
| 2007 | $1,800,000 + $1,700,000 $3,500,000 | $43,903 |
$6,950,000
TheMLSCLAW
Listed for rent 2024-06-05
$1,995
TheMLSCLAW
Listing removed 2024-05-21
$1,995
TheMLSCLAW
Listed for rent 2024-01-30
$1,995
TheMLSCLAW
Listing removed 2022-07-21
$1,995
TheMLSCLAW
Listing removed 2022-05-14
$0
TheMLSCLAW
Listing removed 2021-06-29
$0
TheMLSCLAW
Listed for rent 2021-05-05
$2,295
TheMLSCLAW
Listing removed 2021-05-01
$0
TheMLSCLAW
Listed for rent 2021-03-29
$2,495
TheMLSCLAW
Listed for rent 2021-02-23
$1,895
TheMLSCLAW
Listing removed 2020-12-02
$0
TheMLSCLAW
Price Changed for rent 2020-06-10
$1,895
TheMLSCLAW
Listed for rent 2020-05-14
$1,995
TheMLSCLAW
Sold 2015-02-02
$3,584,000
Public Record
Sold 2006-08-21
$455,000
Public Record
Sold 1997-08-26
$480,000
Public Record
Sold 1988-03-07
$1,350,000
Public Record
Sold 1986-06-17
$917,000
Public Record
Year Built: 1964
Levels: Three Or More Levels
Living Area Source: Vendor Enhanced
Property Age: 60
Levels or Stories: 3
Building Total Stories: 3
House Style: Low Rise
Year Built Source: Vendor Enhanced
Architectural Style: Low Rise
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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.