$895,000 Price Analysis   ♡   Los Angeles, CA 90001 4 bed 4 bath 2,591 SqFt ($345/SqFt) 7,243SqFt lot. Built 1921 Listed 2024-01-25, Taxes $10,152 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Great value-add investment opportunity for Investor or Developer in the Florence-Graham Submarket.
* Sale Pending *3 Units mixed-use with 2 separate buildings on big corner lot 7, 241 square feet with three addresses on two streets. The first building features storefront retail and apartment. The second building is a detached single family resident. Window and door facing Compton Ave have been replaced. 2 Pri stine water main lines replaced.
One from Compton Avenue to barbershop (front building). Another one from 67th Street to the individual unit house. Pro-forma cap rate is 6.39%. Retail Store proforma description: Current barber shop lease is $2, 650. Lease wll expire on 7/2024. Barbershop Sub-leased the unit next to it to a vitamin shop for $1100. New buyer can sign the new lease with the barber shop for $2, 500, vitamin shop for $1, 100 and additional storage space can also be rented for approx. $250.
Presented by KATIE CHAI at
Remax 2000 Realty.
Property MLS #TR24015805 from CRMLS
Lot Size Acres: 0.1662764
Lot Size Source: Assessor
Lot Size Square Feet: 7243
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Rent Control: Yes
County: Los Angeles
Cap Rate: 6.39
Other Expense: 11559.00
Source Property Type: Residential Income
Insurance Expense: 7902.00
Area: C37 - Metropolitan South
Source Neighborhood: C37 - Metropolitan South
Number of Separate Electric Meters: 3
Number of Separate Water Meters: 2
Parcel Number: 6010022001
Postal Code Plus 4: 1909
Professional Management Expense: 3725.00
Zoning: LCC3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $242,182 + $468,907 $711,089 | $10,152 |
| 2021 | $237,434 + $459,713 $697,147 | $10,037 |
| 2020 | $235,000 + $455,000 $690,000 | $10,107 |
| 2019 | $220,000 + $430,000 $650,000 | $9,439 |
| 2018 | $110,344 + $225,195 $335,539 | $5,735 |
| 2017 | $108,181 + $220,780 $328,961 | $5,632 |
| 2016 | $106,060 + $216,451 $322,511 | $5,494 |
| 2015 | $104,467 + $213,200 $317,667 | $5,417 |
| 2014 | $102,421 + $209,024 $311,445 | $5,408 |
| 2013 | $101,959 + $208,080 $310,039 | $5,377 |
| 2012 | $99,960 + $204,000 $303,960 | $5,394 |
| 2010 | $98,000 + $200,000 $298,000 | $4,149 |
| 2009 | $67,479 + $138,335 $205,814 | $4,001 |
| 2009 | $67,319 + $138,007 $205,326 | $4,001 |
| 2008 | $258,060 + $285,600 $543,660 | $7,785 |
| 2007 | $253,000 + $280,000 $533,000 | $7,525 |
$895,000
CRMLS
Listing removed 2024-03-06
$0
CRMLS
Listed 2024-01-25
$895,000
CRMLS
Listing removed 2023-09-24
$0
CRMLS
Price Changed 2023-09-07
$698,000
CRMLS
Price Changed 2023-07-19
$738,000
CRMLS
Listed 2023-06-23
$775,000
CRMLS
Sold 2018-12-31
$650,000
Public Record
Listing removed 2014-04-01
$450,000
CRMLS
Price Changed 2013-09-09
$450,000
CRMLS
Listed 2013-03-04
$390,000
CRMLS
Listing removed 2013-01-01
$390,000
CRMLS
Listing removed 2012-12-31
$390,000
ITECH
Listed 2012-03-05
$390,000
CRMLS
Listed 2012-03-05
$390,000
ITECH
Sold 2003-01-08
$183,000
Public Record
Listing removed 2002-03-03
$175,000
ITECH
Listed 2001-10-02
$175,000
ITECH
Year Built: 1921
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 103
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Assessor
Electricity Available
Sewer Available
Water Available
Water Source: Public
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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.