$850,000 Price Analysis   ♡   Los Angeles, CA 90001 6 bed 4 bath 2,088 SqFt ($407/SqFt) 4,392SqFt lot. Built 1928 Listed 2024-06-17, Taxes $8,132 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Prime 4 unit in South Central LA!
100% Occupied and listed at 11.76 GRM and 6.12% CAP Rate. Two units are 1Br + 1Ba units and two units are 2Br + 1Ba units. Street parking only. Over $6, 000 in current monthly income, with about 40% upside in rents. Separately metered for gas and electrcity and separate hot water heaters. Located on Gage between Central and Hooper, which is Unincorporated Los Angeles County. The property is subject to County of Los Angeles rent control. Just around the corner from El Super, Starbucks, Gamestop, Fashion Q, La Pizza Loca, Subway, Tams, Chase Bank and Carls Jr and many more. This is a densely populated area of LA that is always easy to rent in, with excellent schools, Bethune Park and nearby amenities and transportation nearby. Look far and wide, you will be hard pressed to find a 4 unit under $1M with average rents over $1, 500/mo!
Act fast!
Presented by Nicole Apostolos at
Equity Union.
Property MLS #24-403669 from TheMLSCLAW
Full Bathrooms: 4
Bathroom 1 Features: Low Flow Toilet(s), Low Flow Shower(s)
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4392
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2400, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2400, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1800, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1800
County: Los Angeles
Cross Street: Gage Ave & Central
Cap Rate: 6.12
Directions: Near the corner of Gage Ave. & S Central Ave.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Owner Pays: Water
Parcel Number: 6008-016-029
Postal Code Plus 4: 1614
Zoning: LCR3YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $315,353 + $231,258 $546,611 | $8,132 |
| 2021 | $309,170 + $226,724 $535,894 | $8,043 |
| 2020 | $306,000 + $224,400 $530,400 | $8,096 |
| 2019 | $35,611 + $20,079 $55,690 | $2,448 |
| 2018 | $34,913 + $19,686 $54,599 | $2,369 |
| 2017 | $34,229 + $19,300 $53,529 | $2,338 |
| 2016 | $33,558 + $18,922 $52,480 | $2,278 |
| 2015 | $33,054 + $18,638 $51,692 | $2,255 |
| 2014 | $32,407 + $18,273 $50,680 | $2,271 |
| 2013 | $32,261 + $18,191 $50,452 | $2,243 |
| 2012 | $31,629 + $17,835 $49,464 | $2,230 |
| 2010 | $31,009 + $17,486 $48,495 | $2,175 |
| 2009 | $30,852 + $17,398 $48,250 | $2,111 |
| 2009 | $30,778 + $17,356 $48,134 | $2,111 |
| 2008 | $30,248 + $17,057 $47,305 | $2,050 |
| 2007 | $29,655 + $16,723 $46,378 | $1,971 |
$850,000
TheMLSCLAW
Listing removed 2019-04-09
$530,000
TheMLSCLAW
Sold 2019-02-25
$520,000
TheMLSCLAW
Listed 2019-01-08
$530,000
TheMLSCLAW
Sold 1979-08-08
$28,000
Public Record
Year Built: 1928
Building Exterior Type: Stucco
Direction Faces: East
Entry Location: Ground Level w/steps
Foundation Details: Raised
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 96
Roof: Composition, Shingle
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.