$1,585,000 Price Analysis   ♡   Los Angeles, CA 90016 9 bed 5 bath 3,764 SqFt ($421/SqFt) 4,800SqFt lot. Built 1966 Listed 2024-04-29, Taxes $11,038 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
For sale: Recently Reduced 4-Unit Property in West Adams.
This property presents an opportunity to acquire four roomy units with the potential for increased rental revenue. Of the four units, three have been recently renovated and one remains vacant n impeccable condition. The unit mix comprises one 3-bedroom, 2-bath unit and three 2-bedroom, 1.5-bath units.
The property offers ample onsite parking and the potential to convert the parking spaces beneath the building into ADUs (Acc essory Dwelling Units), a popular option in the Mid City/West Adams area. Furthermore, this property is situated in an Opportunity Zone, representing a compelling investment opportunity. The presence of a vacant unit may appeal to potential FHA buyers and investors have the option to lease it at market rents.
Presented by Armin Soleimani at
Global Platinum Properties, Inc.
Property MLS #24-385755 from TheMLSCLAW
Full Bathrooms: 5
Heating Features: Wall
Window Features: Double Pane Windows
Lot Size Acres: 0.1101928
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4800
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 1535, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2062, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2380, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 3052
County: Los Angeles
Cap Rate: 5
Directions: From Adams Blvd., turn South onto Orange Drive.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5049-014-006
Postal Code Plus 4: 3533
Property Location: City
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $267,941 + $634,313 $902,254 | $11,038 |
| 2021 | $262,688 + $621,876 $884,564 | $10,886 |
| 2020 | $259,995 + $615,500 $875,495 | $10,993 |
| 2019 | $254,898 + $603,432 $858,330 | $10,566 |
| 2018 | $249,900 + $591,600 $841,500 | $10,467 |
| 2017 | $245,000 + $580,000 $825,000 | $10,245 |
| 2016 | $235,493 + $470,994 $706,487 | $8,766 |
| 2015 | $231,956 + $463,920 $695,876 | $8,641 |
| 2014 | $227,413 + $454,833 $682,246 | $8,692 |
| 2013 | $226,386 + $452,778 $679,164 | $8,686 |
| 2012 | $221,948 + $443,900 $665,848 | $8,803 |
| 2010 | $217,597 + $435,197 $652,794 | $8,630 |
| 2009 | $216,485 + $432,972 $649,457 | $8,312 |
| 2009 | $215,971 + $431,945 $647,916 | $8,312 |
| 2008 | $212,241 + $424,483 $636,724 | $7,962 |
| 2007 | $208,080 + $416,160 $624,240 | $7,694 |
$1,585,000
TheMLSCLAW
Price Changed 2024-05-16
$1,595,000
TheMLSCLAW
Price Changed 2024-05-10
$1,625,000
TheMLSCLAW
Listed 2024-04-29
$1,595,000
TheMLSCLAW
Listing removed 2021-07-07
$2,200
TheMLSCLAW
Listed for rent 2021-05-14
$2,200
TheMLSCLAW
Listing removed 2020-09-15
$0
TheMLSCLAW
Listed for rent 2020-07-26
$2,200
TheMLSCLAW
Sold 2016-08-26
$825,000
Public Record
Sold 2002-12-02
$375,000
ITECH
Listed 2002-09-01
$379,900
ITECH
Sold 1999-11-16
$297,500
Public Record
Sold 1996-04-01
$163,000
Public Record
Sold 1989-03-01
$190,000
Public Record
Year Built: 1966
Direction Faces: West
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 58
Property Condition: Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Assessor
Architectural Style: Traditional
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  | |||
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.