$1749500 Price Analysis   ♡   Los Angeles, CA 90004 12 bed 4 bath 6844 SqFt ($255/SqFt) 7002SqFt lot. Built 1925 Listed 2024-05-10, Taxes $5748 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
CLOSE TO 7% CURRENT CAP RATE that comes with 50% VACANCY and is ONLY $255/SF
Large 1, 700 SF per unit, 4 plex with Original 3 Bed 2 Bath Each! A truly exceptional investment opportunity in the heart of Los Angeles. This rare gem is a stunning 4-unit property showcasing the timeless beauty of Spanish Colonial architecture. Nestled in the vibrant Koreatown, close to Hollywood and Larchmont Village, this unique complex boasts a remarkable 6, 844 square feet of living space on a generous 7, 000 square feet lot. It is rare to find a 4-unit complex in this size, each unit featuring a sizeable 3 bedrooms and 2 bathrooms, with approximately 1, 700 square feet of luxurious living space.
Perched on a picturesque street, perfect for a leisurely stroll, this property creates an idyllic setting that attracts tenants seeking a charming and comfortable nei ghborhood. Additionally, it is conveniently located a blocks from the Vermont/Beverly Metro station, with close proximity to bus stops along Beverly and Temple. Easy access to the Freeways adds to the accessibility and allure of this extraordinary investment. All the architectural details of the Spanish Colonial styl are present, creating a unique and appreciated aesthetic that adds to the overall appeal of this rare gem.
Presented by Vinnie Park at
Keller Williams Larchmont.
Property MLS #24-390236 from TheMLSCLAW
Full Bathrooms: 4
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7002
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3600, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 3600, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 3600, 4 BedsTotal: 3, 4 BathsTotal: 2, 4 SquareFeet: 3600
County: Los Angeles
Cap Rate: 6.6
Directions: South of 1st St, East of Normandie
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5518-020-017
Postal Code Plus 4: 5658
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $203119 + $225690 $428809 | $5748 |
| 2021 | $199137 + $221265 $420402 | $5635 |
| 2020 | $197096 + $218997 $416093 | $5679 |
| 2019 | $193232 + $214703 $407935 | $5478 |
| 2018 | $189444 + $210494 $399938 | $5332 |
| 2017 | $185730 + $206367 $392097 | $5227 |
| 2016 | $182089 + $202321 $384410 | $5028 |
| 2015 | $179354 + $199282 $378636 | $4960 |
| 2014 | $175841 + $195379 $371220 | $5001 |
| 2013 | $175047 + $194496 $369543 | $4995 |
| 2012 | $171615 + $190683 $362298 | $5061 |
| 2010 | $168250 + $186945 $355195 | $4995 |
| 2009 | $167390 + $185989 $353379 | $4809 |
| 2009 | $166993 + $185548 $352541 | $4809 |
| 2008 | $164108 + $182343 $346451 | $4621 |
| 2007 | $160891 + $178768 $339659 | $4444 |
$1749500
TheMLSCLAW
Listed 2024-05-10
$1752000
TheMLSCLAW
Listing removed 2024-04-18
$0
TheMLSCLAW
Listed 2024-02-24
$1799800
TheMLSCLAW
Sold 2022-12-30
$1326526
CRMLS
Listing removed 2003-12-11
$699000
ITECH
Listed 2003-06-10
$699000
ITECH
Sold 1998-02-26
$285000
Public Record
Sold 1980-07-23
$180000
Public Record
Year Built: 1925
Common Walls: Attached
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 99
Year Built Source: Vendor Enhanced
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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.