$1,215,000 Price Analysis   ♡   Los Angeles, CA 90001 11 bed 5 bath 3,441 SqFt ($353/SqFt) 5,390SqFt lot. Built 1941 Listed 2024-05-14, Taxes $10,257 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present 1210 E 68thSt
* Has Contingent Offer *A 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of n excellent unit mix of (2) 2 bed/1 Bath units, (2) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently five (5) Section 8 tenants in-place offering excellent security of income and collections. The property boasts a current monthly income of $11, 729, a 7.74% Cap Rate, and8.88 GRM on current income. Section 8 Voucher Payment Standards (per HACLA) are currently up to $2, 407 for1-bedroom units, $3, 052 for 2-bedroom units and $3, 915 for3-bedroom units as of 2/2024.
The gated property also sits on a 5, 390 square feet lot.1210 E 68th St is centrally located 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to several school s and local amenities along Central Avenue and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2, 300-$2, 600and Section 8 Voucher Payment Standards rising up to$3, 052. With low vacancy rates, landlord-favored market conditions and numerous employment options nearby, South LA is poised for significant long-term growth.
Presented by Brandon Evans at
Rosano Partners.
Property MLS #24-391957 from TheMLSCLAW
Full Bathrooms: 5
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 5390
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1850, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2350, 3 BedsTotal: 3, 3 BathsTotal: 1, 3 SquareFeet: 3350
Vacancy Allowance: 4222
County: Los Angeles
Cross Street: E 68th St and Central Ave
Cap Rate: 8
Directions: E 68th St and Central Ave
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 6010-010-005
Zoning: LCR3YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $408,907 + $304,841 $713,748 | $10,257 |
| 2021 | $400,890 + $298,864 $699,754 | $10,025 |
| 2020 | $396,780 + $295,800 $692,580 | $10,096 |
| 2019 | $389,000 + $290,000 $679,000 | $9,735 |
| 2018 | $275,706 + $260,100 $535,806 | $8,053 |
| 2017 | $270,300 + $255,000 $525,300 | $7,905 |
| 2016 | $184,490 + $130,087 $314,577 | $5,294 |
| 2015 | $181,719 + $128,133 $309,852 | $5,221 |
| 2014 | $178,160 + $125,624 $303,784 | $5,231 |
| 2013 | $177,355 + $125,057 $302,412 | $5,199 |
| 2012 | $173,878 + $122,605 $296,483 | $5,207 |
| 2010 | $170,469 + $120,201 $290,670 | $5,076 |
| 2009 | $169,597 + $119,587 $289,184 | $4,897 |
| 2009 | $169,195 + $119,303 $288,498 | $4,897 |
| 2008 | $166,272 + $117,243 $283,515 | $4,715 |
| 2007 | $163,012 + $114,945 $277,957 | $4,546 |
$1,215,000
TheMLSCLAW
Listed 2024-05-14
$1,250,000
TheMLSCLAW
Sold 2018-08-31
$679,000
CRMLS
Relisted 2018-08-02
$679,900
CRMLS
Listing removed 2018-07-31
$679,900
CRMLS
Relisted 2018-07-27
$679,900
CRMLS
Listing removed 2018-07-20
$679,900
CRMLS
Listed 2018-07-06
$679,900
CRMLS
Sold 2016-01-22
$340,000
CRISNET
Listed 2015-09-08
$340,000
CRISNET
Sold 1998-10-06
$220,000
Public Record
Sold 1998-02-24
$115,000
Public Record
Year Built: 1941
Levels: One Level, Two Level
Living Area Source: Owner
Property Age: 83
Levels or Stories: 1
Building Total Stories: 1
House Style: Bungalow
Year Built Source: Assessor
Architectural Style: Bungalow
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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.