$1025000 Price Analysis   ♡   Los Angeles, CA 90004 4 bed 3 bath 1826 SqFt ($561/SqFt) 5698SqFt lot. Built 1918 Listed 2024-06-05, Taxes $5222 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This income property in a dynamic Mid-Wilshire location at the center of a thriving community is a wonderful investment opportunity.
Built in 1918 this duplex has 1, 826+/- sq.ft. on 5, 698 sq.ft. lot with LAR3 zoning. The duplex consists of (1) 3bd/2bth unit and (1) 1bd/1bth unit - tenants pay ther own utilities. The property offers the charm of 1918 California Bungalow with the front house featuring a arched entry, front porch and fireplace. The sizeable outdoor space also has a long driveway for ample parking and low-maintenance grounds. This prime location is close to all that Mid-Wilshire and Koreatown have to offer.
In close proximity to the Wilshire/Vermont Metro Station, the Metro B Line (R ed) and DASH - and moments from the 101 and 110 freeways providing easy access to get around the city. The business rich Mid-Wilshire area is highly desirable for rentals with consistent demand for housing, surrounded by the diverse and robust Los Angeles economy - all help to maintain and grow the vibrant population. This premier duplex brings established residential tenants in a booming market for long term growth or may offer the opportunity for adding an Accessory Dwelling Unit or the development of a new project.
Presented by Edward Barrios at
Vista Sotheby's International Realty.
Property MLS #PV24113754 from CRMLS
Fireplace Features: Living Room
Heating Features: Wall Furnace
Heating: Yes
Fencing: Fence YN: Yes, Fencing: Brick, Chain Link
Road Frontage Type: City Street
Road Surface Type: Paved
Lot Size Acres: 0.1308081
Lot Size Source: Assessor
Lot Size Square Feet: 5698
Parking Total: 5
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Tenant Pays: All Utilities
Rent Control: Yes
County: Los Angeles
Cap Rate: 3.15
Source Property Type: Residential Income
Insurance Expense: 1200.00
Area: C17 - Mid-Wilshire
Source Neighborhood: C17 - Mid-Wilshire
New Taxes Expense: 12800.00
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 2
Parcel Number: 5521016031
Postal Code Plus 4: 2706
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $104397 + $313211 $417608 | $5222 |
| 2021 | $102350 + $307070 $409420 | $5150 |
| 2020 | $101301 + $303922 $405223 | $5199 |
| 2019 | $99315 + $297963 $397278 | $5001 |
| 2018 | $97368 + $292121 $389489 | $4897 |
| 2017 | $95459 + $286394 $381853 | $4794 |
| 2016 | $93588 + $280779 $374367 | $4673 |
| 2015 | $92183 + $276562 $368745 | $4606 |
| 2014 | $90378 + $271145 $361523 | $4635 |
| 2013 | $89970 + $269920 $359890 | $4629 |
| 2012 | $88206 + $264628 $352834 | $4690 |
| 2010 | $86477 + $259440 $345917 | $4601 |
| 2009 | $86035 + $258114 $344149 | $4430 |
| 2009 | $85831 + $257502 $343333 | $4430 |
| 2008 | $84349 + $253053 $337402 | $4244 |
| 2007 | $82696 + $248092 $330788 | $4104 |
$1025000
CRMLS
Sold 1995-06-21
$155000
Public Record
Sold 1988-07-18
$225000
Public Record
Year Built: 1918
Building Features: 2
Common Walls: No Common Walls
Construction Materials: Stucco
Entry Level: 1
Entry Location: 1
Foundation Details: Raised, Slab
Property Age: 106
Roof: Composition
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
House Style: Bungalow
Year Built Source: Assessor
Cable Available
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
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.