$1,700,000 Price Analysis   ♡   Los Angeles, CA 90006 8 bed 8 bath 2,500 SqFt ($680/SqFt) 6,137SqFt lot. Built 1903 Listed 2024-05-30, Taxes $10,960 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Great first-time investment opportunity!
* Has Contingent Offer *Close to USC and Loyola Marymount Law School, 10 and 110 freeways. Property has been remodeled and two units are move-in ready for new tenants. Assessor shows 1 unit with 4 bedrooms + 4 bathrooms and 4 studios of boarding house.
So the property actually has 8 bedrooms each with their own private bathrooms. The kitchen, bedrooms, bathrooms and floors and the entire building have been fully remodeled throughout. The property ws previously used for Airbnb Grossing $15, 000/month.
Presented by Jonghyeok Choi at
Dream Realty Asset Mgt, Inc.
Property MLS #24-397897 from TheMLSCLAW
Full Bathrooms: 8
Laundry Facilities: Inside
Laundry Features: Inside
Heating Features: Central
Lot Size Acres: 0.1408861
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6137
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 4, 1 SquareFeet: 5000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1100, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1300, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1400, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 1200
Net Operating Income: 60800
County: Los Angeles
Directions: Exit to 11th St. from Alvarado St.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5136-020-016
Postal Code Plus 4: 3708
Property Location: Flats
Zoning: LAC1
Management Company: Clay Choi
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $226,724 + $680,173 $906,897 | $10,960 |
| 2021 | $222,279 + $666,837 $889,116 | $10,817 |
| 2020 | $220,000 + $660,000 $880,000 | $10,926 |
| 2019 | $228,888 + $353,736 $582,624 | $7,207 |
| 2018 | $224,400 + $346,800 $571,200 | $7,120 |
| 2017 | $163,200 + $367,200 $530,400 | $6,616 |
| 2016 | $147,211 + $335,032 $482,243 | $5,998 |
| 2015 | $145,000 + $330,000 $475,000 | $5,913 |
| 2014 | $89,465 + $160,755 $250,220 | $3,233 |
| 2013 | $89,061 + $160,029 $249,090 | $3,227 |
| 2012 | $87,315 + $156,892 $244,207 | $3,268 |
| 2010 | $85,603 + $153,816 $239,419 | $3,213 |
| 2009 | $85,166 + $153,030 $238,196 | $3,093 |
| 2009 | $84,964 + $152,667 $237,631 | $3,093 |
| 2008 | $83,497 + $150,030 $233,527 | $2,967 |
| 2007 | $81,860 + $147,089 $228,949 | $2,863 |
$1,700,000
TheMLSCLAW
Sold 2022-03-07
$1,370,000
Public Record
Sold 2019-11-15
$880,000
CRMLS
Sold 2017-03-20
$560,000
Public Record
Listing removed 2017-03-20
$600,000
TheMLSCLAW
Listed 2017-01-01
$600,000
TheMLSCLAW
Listing removed 2011-11-09
$249,900
SoCalMLS
Listed 2011-03-15
$249,900
SoCalMLS
Sold 1996-07-31
$161,000
Public Record
Sold 1993-12-20
$145,000
Public Record
Sold 1993-08-27
$80,000
Public Record
Sold 1989-11-01
$245,000
Public Record
Year Built: 1903
Building Exterior Type: Wood
Common Walls: Detached/No Common Walls
Foundation Details: Permanent
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 121
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Security Features: Gated
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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.