$1,725,000 Price Analysis   ♡   Los Angeles, CA 90044 4 bed 13 bath 4,358 SqFt ($395/SqFt) 0.41 acre lot. Built 1950 Listed 2024-06-11, Taxes $18,124 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
1016 W.
110th Street is an 11-unit apartment community located in unincorporated Los Angeles. The opportunity consists of three (3) separate structures on an extremely large 18, 003 square foot lot. Each unit is separately metered for gas and electricity and has its own parking space. Unit composition includes ten (10) studio units and a 4-bedroom/3-bathroom house with a pool and front yard.
The rents are close to market; however, th ere is still approximately 9% rental upside that can be achieved as the units turnover. Tenants have easy access to the 105 and 110 Freeway which connects the subject property to Downtown Los Angeles and the beaches. Lastly, as the new construction pipeline continues to grow in South Los Angeles, the ability for a new owner to get higher rents will increase over time as projects such as the 84-unit apartment next door is set to be completed by 2025.
Presented by Andres Diaz at
Keller Williams Realty Downtown LA.
Property MLS #24-402825 from TheMLSCLAW
Full Bathrooms: 13
Garage Description: Covered Parking
Parking Total: 16
Lot Size Source: Assessor
Lot Size Square Feet: 18003
Calculated Total Monthly Association Fees: 0
Number of Units: 11
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 12000, 2 BedsTotal: 4, 2 BathsTotal: 3, 2 SquareFeet: 4599
County: Los Angeles
Directions: near the intersection of W. Imperial Highway & S. Vermont Avenue; as well as; 110 Freeway & 105 Freeway.
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Owner Pays: Water
Parcel Number: 6076-013-007
Postal Code Plus 4: 1572
Zoning: LCR320U
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $482,490 + $643,321 $1,125,811 | $18,124 |
| 2021 | $473,030 + $630,707 $1,103,737 | $17,994 |
| 2020 | $468,180 + $624,240 $1,092,420 | $18,109 |
| 2019 | $459,000 + $612,000 $1,071,000 | $17,533 |
| 2018 | $450,000 + $600,000 $1,050,000 | $17,102 |
| 2017 | $173,668 + $144,718 $318,386 | $8,582 |
| 2016 | $170,263 + $141,881 $312,144 | $8,297 |
| 2015 | $167,706 + $139,750 $307,456 | $8,204 |
| 2014 | $164,421 + $137,013 $301,434 | $8,253 |
| 2013 | $163,678 + $136,394 $300,072 | $8,259 |
| 2012 | $160,469 + $133,720 $294,189 | $8,241 |
| 2010 | $157,323 + $131,099 $288,422 | $8,014 |
| 2009 | $156,519 + $130,430 $286,949 | $7,775 |
| 2009 | $156,148 + $130,120 $286,268 | $7,775 |
| 2008 | $153,450 + $127,873 $281,323 | $7,552 |
| 2007 | $150,442 + $125,366 $275,808 | $7,132 |
$1,725,000
TheMLSCLAW
Sold 2017-12-12
$1,050,000
Public Record
Sold 1995-03-31
$170,000
Public Record
Sold 1993-09-09
$125,000
Public Record
Sold 1988-12-20
$225,000
Public Record
Year Built: 1950
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 74
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced
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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.