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$1,399,900   Price Analysis
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427 E 112th St
Los Angeles, CA 90061
7 bed 5 bath 3,084 SqFt ($453/SqFt)
6,838SqFt lot. Built 1925
Listed 2024-02-02, Taxes $930
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

100% VACANTRARE OPPORTUNITY!

Welcome to this exceptional investment opportunity in the heart of Los Angeles. This property features a total of four units, offering a mix of vast living arrangements perfect for both tenants and landlords. The front unit is a beautifully remodeled 3-bedroom home, offering modern amenities and a comfortable layout. The addition of three brand-new units provides flexibility for potential renters, including a 2-bedroom unit and two 1-bedroom units, all thoughtfully designed for maximum comfort and convenience.

Situated on a single-story layout, each unit offers easy access and a sense of privacy. The property is in exceptional condition, ensuring a hassle-free experience for both tenants and owners. Live in ne unit and rent out the others for added income or maximize rental potential with Section 8 housing. Do n't miss out on this rare chance to own a turnkey investment property in a prime location. Schedule your showing today and explore the limitless possibilities this property has to offer!


Presented by Andrew Daggett at
The Associates Realty Group.


Property MLS #OC24024349 from CRMLS

Bedrooms: 7

Full Bathrooms: 5

Lot Description: Front Yard
Lot Size Acres: 0.1569789
Lot Size Square Feet: 6838

Parking Total: 4

Number of Units: 4
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

Rent Control: Yes

Community Features: Sidewalks

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Area: C37 - Metropolitan South
Source Neighborhood: C37 - Metropolitan South
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 6073021033
Postal Code Plus 4: 3017
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$19,821 + $26,653
$46,474
$930
2021$19,433 + $26,131
$45,564
$914
2020$19,234 + $25,864
$45,098
$915
2019$18,857 + $25,357
$44,214
$890
2018$18,488 + $24,860
$43,348
$812
2017$18,126 + $24,373
$42,499
$6,920
2016$17,771 + $23,896
$41,667
$763
2015$17,505 + $23,538
$41,043
$751
2014$17,163 + $23,077
$40,240
$757
2013$17,086 + $22,973
$40,059
$751
2012$16,751 + $22,523
$39,274
$755
2010$16,423 + $22,082
$38,505
$746
2009$16,340 + $21,970
$38,310
$715
2009$16,301 + $21,917
$38,218
$715
2008$16,020 + $21,540
$37,560
$685
2007$15,706 + $21,118
$36,824
$654

Listing removed 2024-03-12
$0
ShowMojo
Listing removed 2024-02-13
$0
Zumper
Listed 2024-02-02
$1,399,900
CRMLS
Price Changed for rent 2024-01-31
$2,845
ShowMojo
Price Changed for rent 2024-01-30
$2,845
Zumper
Listed for rent 2024-01-18
$3,095
Zumper
Listed for rent 2024-01-18
$3,095
ShowMojo
Sold 2022-08-29
$341,500
Public Record
Sold 1978-04-27
$23,000
Public Record

Net Operating Income: 93150.00

Total Square Feet Living: 3084
Year Built: 1925
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 99
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Samuel Gompers Middle School is a public middle school located approximately 0.2 miles away.
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One Hundred Seventh Street Elementary School is a public elementary school located approximately 0.6 miles away.
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Alain Leroy Locke College Prep Academy is a public high school located approximately 0.2 miles away.
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Verbum Dei High School is a private high school located approximately 0.8 miles away.
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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.