$1200000 Price Analysis   ♡   Los Angeles, CA 90008 9 bed 8 bath 4666 SqFt ($257/SqFt) 0.25 acre lot. Built 1954 Listed 2024-04-22, Taxes $12851 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
$100K Price Reduction!
* Has Contingent Offer *5.5% cap rate with upside to a 9.3% cap rate. All units are occupied. We are proud to present an opportunity to acquire a 6-unit apartment community located in the highly desirable Baldwin Hills market of Los Angeles. The offering features true rental upside and current ownership completed a brand new 3 bedroom/2 bathroom ADU that includes white shaker cabinets, quartz counters, LVP floors and pleasing bathrooms. The ADU unit also includes an in-unit washer and dryer and has a AC/Heat Mini Split System.
Total square footage is based on 3, 666 assessor total square footage plus 1, 000 sq ft brand new ADU (Buyer to verify). The value-add apartment boasts strong day-1 income and contains an attractive unit mix f 1, 2 and 3 bedroom floorplans. The property is in one of the hottest markets in Los Angeles surrounded bymulti-million dollar homes and lies in close proximity to all of LA's major employment hubs. This investment presents a attractive opportunity to own avalue-add apartme nt on one of the most desirable streets in Baldwin Hills.
Presented by John Katnik at
BRC Advisors- BH.
Property MLS #24-382233 from TheMLSCLAW
Full Bathrooms: 8
Lot Size Source: Assessor
Lot Size Square Feet: 10866
Parking Total: 2
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 7580, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 2295, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 3095
County: Los Angeles
Cap Rate: 5.48
Directions: Off Don Tomaso and Don Felipe in Baldwin Hills
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Owner Pays: Gardener, Water
Parcel Number: 5026-002-003
Postal Code Plus 4: 5308
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $375000 + $575000 $950000 | $12851 |
| 2021 | $328093 + $476828 $804921 | $10433 |
| 2020 | $324729 + $471939 $796668 | $10530 |
| 2019 | $318362 + $462686 $781048 | $10142 |
| 2018 | $312120 + $453614 $765734 | $10052 |
| 2017 | $306000 + $444720 $750720 | $9804 |
| 2016 | $300000 + $436000 $736000 | $9564 |
| 2015 | $102461 + $343243 $445704 | $6105 |
| 2014 | $100454 + $336520 $436974 | $6160 |
| 2013 | $105043 + $48010 $153053 | $2692 |
| 2012 | $102984 + $47069 $150053 | $2722 |
| 2010 | $100965 + $46147 $147112 | $2610 |
| 2009 | $100450 + $45912 $146362 | $2526 |
| 2009 | $100211 + $45803 $146014 | $2526 |
| 2008 | $98481 + $45012 $143493 | $2448 |
| 2007 | $96550 + $44130 $140680 | $2368 |
$1200000
TheMLSCLAW
Relisted 2024-06-17
$1295000
TheMLSCLAW
Listing removed 2024-06-15
$0
TheMLSCLAW
Listed 2024-04-22
$1295000
TheMLSCLAW
Listing removed 2024-04-04
$0
TheMLSCLAW
Price Changed 2024-02-24
$1375000
TheMLSCLAW
Listed 2024-01-22
$1425000
TheMLSCLAW
Listing removed 2023-01-18
$0
TheMLSCLAW
Listed 2022-11-02
$1425000
TheMLSCLAW
Sold 2021-10-15
$950000
TheMLSCLAW
Listing removed 2019-09-02
$0
TheMLSCLAW
Listed 2019-04-26
$1000000
TheMLSCLAW
Sold 2015-11-13
$736000
TheMLSCLAW
Listed 2015-09-11
$649000
TheMLSCLAW
Sold 2013-06-14
$435000
Public Record
Sold 1976-12-28
$80000
Public Record
Year Built: 1954
Common Walls: Attached
Direction Faces: East
Levels: Two Level
Property Age: 70
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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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.