$1,200,000 Price Analysis   ♡   Los Angeles, CA 90011 11 bed 5 bath 4,530 SqFt ($264/SqFt) 7,502SqFt lot. Built 1903 Listed 2023-12-05, Taxes $10,116 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to offer for sale a five-unit apartment community located at 2323 Wall Street.
The subject property is conveniently located south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options.
Situated on a 7, 500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allwing new ownership to immediately renovate in order to achieve market rental rates. Ownership is responsible for paying water utilities, tenants pay gas and electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity. BUYER TO VERIFY UNIT CONFIGURATION
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #23-337483 from TheMLSCLAW
Full Bathrooms: 5
Lot Size Source: Assessor
Lot Size Square Feet: 7502
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2350, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2350, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2350, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2350, 5 BedsTotal: 3, 5 BathsTotal: 1, 5 SquareFeet: 3000
County: Los Angeles
Cap Rate: 6.11
Directions: East of Maple Avenue and South of Washington Boulevard.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5127-013-025
Postal Code Plus 4: 1516
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $405,980 + $371,320 $777,300 | $10,116 |
| 2021 | $398,020 + $364,040 $762,060 | $9,978 |
| 2020 | $393,939 + $360,308 $754,247 | $10,068 |
| 2019 | $386,215 + $353,244 $739,459 | $9,699 |
| 2018 | $378,643 + $346,318 $724,961 | $9,548 |
| 2017 | $385,200 + $264,800 $650,000 | $8,582 |
| 2016 | $320,000 + $220,000 $540,000 | $7,195 |
| 2015 | $320,000 + $220,000 $540,000 | $7,196 |
| 2014 | $170,000 + $220,000 $390,000 | $5,550 |
| 2013 | $204,400 + $255,600 $460,000 | $6,419 |
| 2012 | $160,000 + $200,000 $360,000 | $5,349 |
| 2010 | $336,280 + $307,572 $643,852 | $8,836 |
| 2009 | $334,560 + $306,000 $640,560 | $8,526 |
| 2009 | $333,767 + $305,274 $639,041 | $8,526 |
| 2008 | $328,000 + $300,000 $628,000 | $8,181 |
| 2007 | $223,686 + $192,474 $416,160 | $5,565 |
$1,200,000
TheMLSCLAW
Price Changed 2024-04-03
$1,300,000
TheMLSCLAW
Listed 2023-12-05
$1,325,000
TheMLSCLAW
Sold 2005-01-21
$400,000
Public Record
Listing removed 1999-06-13
$175,000
ITECH
Listed 1999-03-12
$175,000
ITECH
Listing removed 1998-09-29
$179,000
ITECH
Listed 1998-03-25
$179,000
ITECH
Sold 1993-05-18
$195,000
Public Record
Year Built: 1903
Levels: Two Level
Living Area Source: Assessor
Property Age: 121
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.