$2,250,000 Price Analysis   ♡   Los Angeles, CA 90044 12 bed 9 bath 4,800 SqFt ($468/SqFt) 6,301SqFt lot. Built 2019 Listed 2024-06-13, Taxes $16,504 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Modern vast triplex newly built in 2019
Centrally located with easy access to freeways, restaurants, shopping and more. This unit is neither under state nor city rent control, offering an extremely unique opportunity to take advantage of rapidly rising rental costs in Los Angeles without being hamstrung by local laws that limit most units from raising rent to prevailing market rates. The front home is a completely independent, detached home with 4 beds, 3 baths, 1, 700 square feet and a two car garage. Building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths and 1, 561 square feet. All units promise consistent cash flow (two units are guaranteed by Section 8) and all are designed with open living spac floorplans, primary bedrooms and in-unit laundry.
Due to the units being brand new construction as of 2019, there are close to zero maintenance costs and the new construction building warranty guarentees the new owner against latent hidden repairs and/or costs. Hardscaped exterior driveways allow for ample parking, with additional yard space secured by a gate, which also adds extra security for the grounds. All units are separately metered for gas, electricity and water and the lease requires each tenant to pay his or her own utilitie s, which further saves the owner monthly expenses. In addition to rental income that is not capped, there is significant potential for appreciation on this property with the upcoming nearby Olympic events, expanding public transportation system and an influx of investment into the area. Priced at a cap rate of over 5% this deal is a no-brainer. Owner self manages the property but is moving out of state and will be utilizing sale proceeds to fund 1031 out of state purchase.
Presented by Amir Torkamani at
Esquire Real Estate Brokerage, Inc.
Property MLS #23-285563 from TheMLSCLAW
Full Bathrooms: 9
Laundry Features: In Unit
Heating Features: Central
Lot Size Dimensions: 45x140
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6301
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 3, 1 SquareFeet: 4320, 2 BedsTotal: 4, 2 BathsTotal: 3, 2 SquareFeet: 4320, 3 BedsTotal: 4, 3 BathsTotal: 3, 3 SquareFeet: 3590
Tenant Pays: Electric, Cable TV, Gas, Water, Trash
County: Los Angeles
Cap Rate: 5.5
Directions: North of Vermont, west of 110.
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Number of Separate Gas Meters: 3
Parcel Number: 6054-027-027
Postal Code Plus 4: 4617
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $412,226 + $978,007 $1,390,233 | $16,504 |
| 2021 | $404,144 + $958,831 $1,362,975 | $16,307 |
| 2020 | $79,560 + $318,240 $397,800 | $5,061 |
| 2019 | $51,793 + $207,178 $258,971 | $1,567 |
| 2018 | $50,778 + $203,116 $253,894 | $3,235 |
| 2017 | $49,783 + $199,134 $248,917 | $3,168 |
| 2016 | $48,807 + $195,230 $244,037 | $3,090 |
| 2015 | $48,074 + $192,298 $240,372 | $3,046 |
| 2014 | $47,133 + $188,532 $235,665 | $3,067 |
| 2013 | $46,920 + $187,680 $234,600 | $3,061 |
| 2012 | $78,103 + $116,127 $194,230 | $2,648 |
| 2010 | $76,572 + $113,850 $190,422 | $1,764 |
| 2009 | $63,672 + $238,771 $302,443 | $3,884 |
| 2009 | $25,900 + $97,100 $123,000 | $3,884 |
| 2008 | $62,424 + $234,090 $296,514 | $3,721 |
| 2007 | $61,200 + $229,500 $290,700 | $3,600 |
$2,250,000
TheMLSCLAW
Sold 2020-05-05
$1,349,000
CRMLS
Listing removed 2020-03-30
$0
CRMLS
Listed 2020-01-16
$1,395,000
CRMLS
Sold 2019-03-22
$390,000
CRMLS
Price Changed 2019-01-02
$445,900
CRMLS
Relisted 2018-12-05
$459,900
CRMLS
Listing removed 2018-11-29
$0
CRMLS
Relisted 2018-11-26
$459,900
CRMLS
Listing removed 2018-10-04
$0
CRMLS
Listed 2018-09-14
$445,900
SanDiegoMLS
Listed 2018-09-14
$459,900
CRMLS
Listing removed 2018-06-17
$475,000
CRMLS
Price Changed 2018-04-23
$475,000
CRMLS
Listed 2018-01-12
$435,000
CRMLS
Sold 2006-01-30
$285,000
Public Record
Year Built: 2019
Common Walls: Attached
Entry Location: Main Level
Levels: Two Level
Living Area Source: Builder
Property Age: 5
Property Condition: New Construction, Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
House Style: Modern
Year Built Source: Builder
Architectural Style: Modern
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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.