$1,265,000   ♡   Los Angeles, CA 90008 6 bed 3 bath 2,164 SqFt ($584/SqFt) 4,125SqFt lot. Built 1944 Listed 2024-01-31, Taxes $12,842 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This Leimert Park triplex is a exceptional opportunity for a building on an R-3 lot that backs to an alley.
One unit will be delivered vacant and the other two units have had recent 4% increase that is refelected in the rent rolls. The sellers have made many improvements, list upon request. The property's location near the new Crenshaw train line, public transportation and local amenities like Leimert Park Village and Leimert Plaza Park make it an attractive location for an owner to live in one unit and collect rents from the other two units or a fantastic investment opportunity, especially with its proximity to Downtwn LA and USC.
The recent updates include new flooring, fixtures and kitchen upgrades, separate water heaters and meters. The grassy area in the back presents a wonderful opportunity for potential buyers to envision creating a private outdoor space for relaxation or gardening, adding even more value to the property. There is parking onsite, accessible from the alley or maybe an ADU, buyer to verify with City.
Property MLS #24-353421 from TheMLSCLAW
Full Bathrooms: 3
Lot Size Source: Assessor
Lot Size Square Feet: 4125
Parking Total: 3
Other Equipment: Ceiling Fan, Garbage Disposal
Security Features: Gated
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3000, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3000, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3000
County: Los Angeles
Cross Street: Leimert and Martin Luther King Jr
Cap Rate: 5.4
Directions: Leimert and Martin Luther King Jr
Source Property Type: Residential Income
Exclusions: Tenant Personal Property
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Owner Pays: Gardener
Parcel Number: 5023-005-021
Property Location: Alley Access
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $180,349 + $886,287 $1,066,636 | $12,842 |
| 2021 | $176,813 + $868,909 $1,045,722 | $12,681 |
| 2020 | $160,221 + $613,836 $774,057 | $9,678 |
| 2019 | $157,080 + $601,800 $758,880 | $9,300 |
| 2018 | $116,793 + $93,430 $210,223 | $2,844 |
| 2017 | $114,503 + $91,599 $206,102 | $2,789 |
| 2016 | $112,258 + $89,803 $202,061 | $2,706 |
| 2015 | $110,572 + $88,455 $199,027 | $2,670 |
| 2014 | $108,407 + $86,723 $195,130 | $2,700 |
| 2013 | $107,918 + $86,332 $194,250 | $2,694 |
| 2012 | $105,802 + $84,640 $190,442 | $2,729 |
| 2010 | $103,728 + $82,981 $186,709 | $2,689 |
| 2009 | $103,198 + $82,557 $185,755 | $2,591 |
| 2009 | $102,953 + $82,361 $185,314 | $2,591 |
| 2008 | $101,175 + $80,939 $182,114 | $2,491 |
| 2007 | $99,192 + $79,352 $178,544 | $2,407 |
$1,265,000
TheMLSCLAW
Relisted 2024-03-28
$1,250,000
TheMLSCLAW
Listing removed 2024-03-21
$0
TheMLSCLAW
Listed 2024-01-31
$1,250,000
TheMLSCLAW
Sold 2020-04-15
$1,035,000
TheMLSCLAW
Sold 2018-06-21
$744,000
TheMLSCLAW
Listed 2018-01-19
$750,000
TheMLSCLAW
Year Built: 1944
Direction Faces: North
Entry Location: Ground Level w/steps
Foundation Details: Raised
Levels: One Level
Living Area Source: Assessor
Property Age: 80
Roof: Composition, Shingle
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Assessor
Architectural Style: Traditional
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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.