$1,425,000 Price Analysis   ♡   Los Angeles, CA 90062 45 bed None bath 5,602 SqFt ($254/SqFt) 9,012SqFt lot. Built 1953 Listed 2023-10-10, Taxes $2,691 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Opportunity knocks excellent investment property!
1901 W MLK is a 9-unit multi-family complex located in the heart of Los Angeles in the desirable Leimert Park neighborhood. All units are 1 bed, 1 bath for a total SF of 5, 602 on a large corner lot of 9, 012 SF which is $177, 777 per door.
Earthquake retrofit and new roof completed 18 months ago cost was 100K. Includes on-site parking for tenants. Conveniently located close to shops and restaurants, the USC campus, DTLA and with extrordinary freeway access.
Presented by STEVE SMITH at
COMPASS.
Property MLS #PV23188129 from CRMLS
Lot Size Acres: 0.2068871
Lot Size Source: Assessor
Lot Size Square Feet: 9012
Parking Total: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Unit-8 Garage Spaces: 1
Unit-9 Garage Spaces: 1
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 3159.00
Area: PHHT - Park Hills Heights
Source Neighborhood: PHHT - Park Hills Heights
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Number of Separate Water Meters: 1
Parcel Number: 5035006020
Postal Code Plus 4: 1422
Trash Expense: 3011.00
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $78,523 + $42,010 $120,533 | $2,691 |
| 2021 | $76,984 + $41,187 $118,171 | $2,630 |
| 2020 | $76,195 + $40,765 $116,960 | $2,639 |
| 2019 | $74,701 + $39,966 $114,667 | $2,582 |
| 2018 | $73,237 + $39,183 $112,420 | $2,472 |
| 2017 | $71,801 + $38,415 $110,216 | $2,397 |
| 2016 | $70,394 + $37,662 $108,056 | $2,286 |
| 2015 | $69,337 + $37,097 $106,434 | $2,267 |
| 2014 | $67,979 + $36,371 $104,350 | $2,339 |
| 2013 | $67,672 + $36,207 $103,879 | $2,323 |
| 2012 | $66,346 + $35,498 $101,844 | $2,347 |
| 2010 | $65,046 + $34,802 $99,848 | $2,257 |
| 2009 | $64,714 + $34,625 $99,339 | $2,189 |
| 2009 | $64,560 + $34,542 $99,102 | $2,189 |
| 2008 | $63,446 + $33,947 $97,393 | $2,137 |
| 2007 | $62,202 + $33,282 $95,484 | $2,062 |
$1,425,000
CRMLS
Price Changed 2024-03-04
$1,500,000
CRMLS
Price Changed 2023-11-11
$1,600,000
CRMLS
Listed 2023-10-10
$1,700,000
CRMLS
Sold 1968-01-19
$21,500
Public Record
Year Built: 1953
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: front
Property Age: 71
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
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.