$1,295,000   ♡   Los Angeles, CA 90008 9 bed 8 bath 4,666 SqFt ($277/SqFt) 0.25 acre lot. Built 1954 Listed 2024-04-22, Taxes $12,851 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Brand new financials and reduced price!
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 upsde and current ownership completed a brand new 3 bedroom/2 bathroom ADU that includes white shaker cabinets, quartz counters, LVP floors and charming 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 of 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 apartment 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: 5.41
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 | $375,000 + $575,000 $950,000 | $12,851 |
| 2021 | $328,093 + $476,828 $804,921 | $10,433 |
| 2020 | $324,729 + $471,939 $796,668 | $10,530 |
| 2019 | $318,362 + $462,686 $781,048 | $10,142 |
| 2018 | $312,120 + $453,614 $765,734 | $10,052 |
| 2017 | $306,000 + $444,720 $750,720 | $9,804 |
| 2016 | $300,000 + $436,000 $736,000 | $9,564 |
| 2015 | $102,461 + $343,243 $445,704 | $6,105 |
| 2014 | $100,454 + $336,520 $436,974 | $6,160 |
| 2013 | $105,043 + $48,010 $153,053 | $2,692 |
| 2012 | $102,984 + $47,069 $150,053 | $2,722 |
| 2010 | $100,965 + $46,147 $147,112 | $2,610 |
| 2009 | $100,450 + $45,912 $146,362 | $2,526 |
| 2009 | $100,211 + $45,803 $146,014 | $2,526 |
| 2008 | $98,481 + $45,012 $143,493 | $2,448 |
| 2007 | $96,550 + $44,130 $140,680 | $2,368 |
$1,295,000
TheMLSCLAW
Listing removed 2024-04-04
$0
TheMLSCLAW
Price Changed 2024-02-24
$1,375,000
TheMLSCLAW
Listed 2024-01-22
$1,425,000
TheMLSCLAW
Listing removed 2023-01-18
$0
TheMLSCLAW
Listed 2022-11-02
$1,425,000
TheMLSCLAW
Sold 2021-10-15
$950,000
TheMLSCLAW
Listing removed 2019-09-02
$0
TheMLSCLAW
Listed 2019-04-26
$1,000,000
TheMLSCLAW
Sold 2015-11-13
$736,000
TheMLSCLAW
Listed 2015-09-11
$649,000
TheMLSCLAW
Sold 2013-06-14
$435,000
Public Record
Sold 1976-12-28
$80,000
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.