$2,865,000 Price Analysis   ♡   Los Angeles, CA 90011 19 bed 12 bath 9,746 SqFt ($293/SqFt) 0.27 acre lot. Built 1995 Listed 2024-04-01, Taxes $18,220 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
10 UNIT BUILT 1995.
* Has Contingent Offer *ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. 3 UNITS ARE 15% BELOW MARKET RENTS. RARE VACANCIES. CAPITAL IMPROVEMENTS IN 2023. CURRENTLY 5.92 CAP and 6.58 CAP AS OF OCT 1, 2024 RENT INCREASE.
SEE ATTACHED SAPPLEMENTS. $286K PER UNIT and $294 PSF, BELOW REPLACEMENT COST. IN 2019, THE PROPERTY WAS APPRAISED BY IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR CONTEMPORARY LAUNDRY MACHINES. RENTS WILL INCREASE BY $1, 624 ($19, 488 ANNUALLY) EFFECTIVE OCT 1, 2024.
Presented by Edmond Khudyan at
Coldwell Banker Hallmark.
Property MLS #GD24056505 from CRMLS
Additional Parcels: Yes
Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.2746
Lot Size Source: Assessor
Lot Size Square Feet: 11960
Parking Total: 18
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 3
Bedrooms in Unit-9: 2
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 2
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Maintenance Expense: 7850.00
Tenant Pays: Cable TV, Electricity, Gas
Rent Control: Yes
County: Los Angeles
Cap Rate: 5.92
Source Property Type: Residential Income
Insurance Expense: 13400.00
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
New Taxes Expense: 36238.00
Number of Separate Electric Meters: 11
Number of Separate Gas Meters: 11
Number of Separate Water Meters: 1
Parcel Number: 5115006035
Pest Control Expense: 2350.00
Postal Code Plus 4: 5600
Trash Expense: 4440.00
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,217,465 + $226,504 $1,443,969 | $18,220 |
| 2021 | $1,193,594 + $222,063 $1,415,657 | $17,953 |
| 2020 | $1,181,356 + $219,787 $1,401,143 | $18,121 |
| 2019 | $1,158,193 + $215,478 $1,373,671 | $17,436 |
| 2018 | $1,135,484 + $211,253 $1,346,737 | $17,311 |
| 2017 | $1,113,220 + $207,111 $1,320,331 | $16,907 |
| 2016 | $1,091,393 + $203,050 $1,294,443 | $16,437 |
| 2015 | $1,075,000 + $200,000 $1,275,000 | $16,208 |
| 2014 | $800,000 + $200,000 $1,000,000 | $13,269 |
| 2013 | $413,437 + $473,277 $886,714 | $11,938 |
| 2012 | $405,331 + $463,998 $869,329 | $12,096 |
| 2010 | $397,384 + $454,900 $852,284 | $11,793 |
| 2009 | $395,352 + $452,574 $847,926 | $11,373 |
| 2009 | $394,415 + $451,501 $845,916 | $11,373 |
| 2008 | $387,600 + $443,700 $831,300 | $11,541 |
| 2007 | $576,562 + $81,457 $658,019 | $8,687 |
$2,865,000
CRMLS
Listed 2024-04-01
$2,899,000
CRMLS
Sold 2014-10-31
$1,475,000
ITECH
Listed 2014-07-10
$1,459,000
ITECH
Sold 2007-03-01
$1,100,000
ITECH
Listed 2006-09-25
$1,200,000
ITECH
Sold 1992-07-02
$140,000
Public Record
Sold 1990-03-19
$23,000
Public Record
Year Built: 1995
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 29
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Sewer Paid, Water Sewer Expense: 11740.00
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.