$2,400,000 Price Analysis   ♡   Los Angeles, CA 90016 16 bed 20 bath 9,412 SqFt ($254/SqFt) 7,282SqFt lot. Built 1992 Listed 2024-02-29, Taxes $25,142 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This 8 unit building in Mid-City represents a well kept
* Sale Pending *Late vintage investment that the family has lovingly maintained. They've left room at the table however, for the new owner to make it cash-flow with over 80% upside and a clear path to profitability. The 1992 Construction circumvents the more restrictive LA city rent regulations. In July of this year, 4 of the 8 units are eligible for an 8.8% rent increase. There are 8 huge townhome style units. (4) of them are 2 BR /2.5 BA and (4) are 2BR/2BA. The units have updated kitchens and baths, washer/dryers, all cpper plumbing and new HVAC systems (See photos). The building has subterranean parking with gated entry and parking for 17 cars. It has secure entry to the lobby and a security system with 16 cameras and on-site monitor. The location is ideal!
It's 300 yards to Starbucks and a few blocks to Washington-Irving Library, Planet Fitness, T-Mobile store, The Market and US Post Office. AT $255 PSF, it represents outstanding value with incredible upside.
Presented by Keith Moret at
Lyon Stahl Investment Re, Inc.
Property MLS #24-363459 from TheMLSCLAW
Bedroom 1 Features: All Bedrooms Up
Full Bathrooms: 20
Bathroom 1 Features: Low Flow Toilet(s), Low Flow Shower(s)
Flooring: Laminate, Ceramic Tile, Carpet
Laundry Facilities: In Unit, Laundry Closet Stacked, On Upper Level
Laundry Features: In Unit, Laundry Closet Stacked, On Upper Level
Kitchen Features: Granite Counters
Heating Features: Forced Air
Garage Spaces: 10
Garage Description: Controlled Entrance, Assigned, Auto Driveway Gate, Gated Underground, Parking for Guests, Parking for Guests - Onsite, Tandem, Subterranean, Subterr Side by Side
Parking Total: 10
Lot Size Dimensions: 50x144
Lot Size Source: Assessor
Lot Size Square Feet: 7282
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2.5, 1 SquareFeet: 3095, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 3000, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 3000, 4 BedsTotal: 2, 4 BathsTotal: 2.5, 4 SquareFeet: 3095, 5 BedsTotal: 2, 5 BathsTotal: 2.5, 5 SquareFeet: 3095, 6 BedsTotal: 2, 6 BathsTotal: 2, 6 SquareFeet: 3000, 7 BedsTotal: 2, 7 BathsTotal: 2, 7 SquareFeet: 3000, 8 BedsTotal: 2, 8 BathsTotal: 2.5, 8 SquareFeet: 3095
Full Copper Plumbing
High Ceilings (9 Feet+)
Source Listing Status: Pending
County: Los Angeles
Cap Rate: 4.09
Directions: South of Washington Blvd. North of 10 Freeway
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Owner Pays: Water
Parcel Number: 5061-020-042
Postal Code Plus 4: 1883
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $492,139 + $1,531,103 $2,023,242 | $25,142 |
| 2021 | $536,101 + $1,608,303 $2,144,404 | $26,689 |
| 2020 | $530,604 + $1,591,812 $2,122,416 | $26,951 |
| 2019 | $520,200 + $1,560,600 $2,080,800 | $25,569 |
| 2018 | $510,000 + $1,530,000 $2,040,000 | $25,394 |
| 2017 | $696,577 + $216,854 $913,431 | $11,893 |
| 2016 | $682,919 + $212,602 $895,521 | $11,527 |
| 2015 | $672,661 + $209,409 $882,070 | $11,369 |
| 2014 | $659,485 + $205,307 $864,792 | $11,456 |
| 2013 | $656,505 + $204,380 $860,885 | $11,451 |
| 2012 | $643,633 + $200,373 $844,006 | $11,607 |
| 2010 | $631,013 + $196,445 $827,458 | $11,615 |
| 2009 | $627,785 + $195,441 $823,226 | $11,197 |
| 2009 | $626,297 + $194,977 $821,274 | $11,197 |
| 2008 | $615,476 + $191,609 $807,085 | $10,752 |
| 2007 | $603,408 + $187,852 $791,260 | $10,379 |
$2,400,000
TheMLSCLAW
Listed 2024-02-29
$2,550,000
TheMLSCLAW
Year Built: 1992
Direction Faces: East
Levels: Multi Levels
Living Area Source: Assessor
Property Age: 32
Roof: Composition
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.