$580,000 Price Analysis   ♡   Los Angeles, CA 90011 5 bed 2 bath 1,940 SqFt ($298/SqFt) 6,599SqFt lot. Built 1895 Listed 2024-03-11, Taxes $5,451 | Ⓧ USDA Ineligible due to location near Los Angeles |
This 2-unit fully occupied investment property has charming architecture
Charm and curb appeal and s located on a safe street across from an elementary school. 5.25% cap rate on current rents at asking price and a below market $290k per unit and $298 per RSF. Great combination of in-place cash flow, along with value-add / rental upside potential for a first-time investor. Great mix of a detached front 3 Bed/1 Bath house and a 2 Bed/1 Bath unit in the back and on-si te parking for both units.
Low operating expenses as both units pay for gas, electricity and trash and each have their own in-unit water heaters. Located exactly 2 miles away from Exposition Park as tenants get to enjoy close proximity to BMO Stadium, LA Coliseum, the new $1B George Lucas Museum, California Science Center and Natural History Museum. Both units will be delivered occupied at closing -- no vacancies.
Presented by Jonathan Rawson at
Avenue Realty Group.
Property MLS #24-367197 from TheMLSCLAW
Full Bathrooms: 2
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6599
Parking Total: 2
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 1, 1 SquareFeet: 2595, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 1995
County: Los Angeles
Cap Rate: 5.22
Directions: South of Vernon, West of Central, East of San Pedro
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Owner Pays: Water
Parcel Number: 5108-010-033
Postal Code Plus 4: 4013
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $147,659 + $290,746 $438,405 | $5,451 |
| 2021 | $144,764 + $285,046 $429,810 | $5,378 |
| 2020 | $143,280 + $282,124 $425,404 | $5,428 |
| 2019 | $179,327 + $207,713 $387,040 | $4,868 |
| 2018 | $175,811 + $203,641 $379,452 | $4,790 |
| 2017 | $172,364 + $199,649 $372,013 | $4,686 |
| 2016 | $168,985 + $195,735 $364,720 | $4,566 |
| 2015 | $58,402 + $184,429 $242,831 | $3,114 |
| 2014 | $57,258 + $180,817 $238,075 | $3,137 |
| 2013 | $112,200 + $193,800 $306,000 | $3,982 |
| 2012 | $110,000 + $190,000 $300,000 | $4,034 |
| 2010 | $97,855 + $96,571 $194,426 | $2,610 |
| 2009 | $97,355 + $96,078 $193,433 | $2,518 |
| 2009 | $97,124 + $95,850 $192,974 | $2,518 |
| 2008 | $95,447 + $94,195 $189,642 | $2,416 |
| 2007 | $93,576 + $92,349 $185,925 | $2,330 |
$580,000
TheMLSCLAW
Listing removed 2023-12-19
$0
TheMLSCLAW
Relisted 2023-11-16
$625,000
TheMLSCLAW
Listing removed 2023-11-15
$0
TheMLSCLAW
Price Changed 2023-11-02
$625,000
TheMLSCLAW
Price Changed 2023-10-12
$665,000
TheMLSCLAW
Listed 2023-08-29
$660,000
TheMLSCLAW
Listing removed 2015-10-08
$395,000
TheMLSCLAW
Price Changed 2015-07-16
$395,000
TheMLSCLAW
Price Changed 2015-05-28
$405,000
TheMLSCLAW
Listed 2015-04-27
$425,000
TheMLSCLAW
Listing removed 2014-12-04
$405,000
TheMLSCLAW
Price Changed 2014-07-02
$405,000
TheMLSCLAW
Listed 2014-06-03
$425,000
TheMLSCLAW
Sold 2013-04-10
$236,000
ITECH
Listing removed 2013-01-11
$206,000
TheMLSCLAW
Relisted 2013-01-08
$206,000
TheMLSCLAW
Listing removed 2012-12-22
$206,000
TheMLSCLAW
Listed 2012-12-21
$206,000
ITECH
Listed 2012-12-21
$206,000
TheMLSCLAW
Listing removed 2012-10-23
$190,000
TheMLSCLAW
Listing removed 2012-10-22
$190,000
ITECH
Listed 2011-03-23
$190,000
ITECH
Listed 2011-03-23
$190,000
TheMLSCLAW
Sold 1995-11-30
$157,500
Public Record
Sold 1995-07-11
$90,000
Public Record
Year Built: 1895
Common Walls: Detached/No Common Walls
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 129
Levels or Stories: 1
Building Total Stories: 1
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.