$949,000 Price Analysis   ♡   Los Angeles, CA 90018 5 bed 2 bath 1,709 SqFt ($555/SqFt) 7,493SqFt lot. Built 1944 Listed 2024-07-02, Taxes $6,036 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Fantastic investment or development opportunity situated in the City of Los Angeles.
The property, currently configured as a duplex, boasts zoning classification RD2 on an expansive 7, 491 Sq.Ft lot with alley access, qualifying for TOC Tier 3. This prime location offers flexibility for various developments, including the addition of ADUs, multi-unit construction or even ED-1 development. The unit at 3023 Obama presents two bedrooms, while 3025 offers three bedrooms alongside a garage, each showcasing unique charm and generous living spaces. Additionally, the property features an expansive backyard and a lengthy driveway, enhancing its desirabil ity.
This adaptable investment affords the option of residing in one unit while leasing out the other, presenting a multitude of opportunities. Strategically positioned minutes away from prominent landmarks such as USC, Exposition Park, BMO Stadium (LAFC), Natural History Museum, California Science Center, DTLA, SoFi Stadium, Crypt Center, shopping centers and major freeways, this property boasts a highly sought-after location in the heart of Los Angeles. Seize the opportunity to acquire this exceptional property, with both units currently occupied by tenants and no plans for vacancy upon transfer.
Presented by Levon Arzumanyan at
The Agency - Studio City.
Property MLS #GD24134607 from CRMLS
Lot Size Acres: 0.1720156
Lot Size Source: Assessor
Lot Size Square Feet: 7493
Parking Total: 1
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-2 Garage Spaces: 2
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1200.00
Area: C36 - Metropolitan Southwest
Source Neighborhood: C36 - Metropolitan Southwest
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 2
Parcel Number: 5044011014
Postal Code Plus 4: 4050
Trash Expense: 500.00
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $142,694 + $331,828 $474,522 | $6,036 |
| 2021 | $139,897 + $325,322 $465,219 | $5,957 |
| 2020 | $138,463 + $321,987 $460,450 | $6,013 |
| 2019 | $135,749 + $315,674 $451,423 | $5,788 |
| 2018 | $133,088 + $309,485 $442,573 | $5,718 |
| 2017 | $130,479 + $303,417 $433,896 | $5,601 |
| 2016 | $127,921 + $297,468 $425,389 | $5,469 |
| 2015 | $117,849 + $175,524 $293,373 | $3,896 |
| 2014 | $115,541 + $172,086 $287,627 | $3,923 |
| 2013 | $115,019 + $171,309 $286,328 | $3,917 |
| 2012 | $112,764 + $167,950 $280,714 | $3,966 |
| 2010 | $110,553 + $164,657 $275,210 | $3,898 |
| 2009 | $109,988 + $163,816 $273,804 | $3,760 |
| 2009 | $109,727 + $163,427 $273,154 | $3,760 |
| 2008 | $107,832 + $160,604 $268,436 | $3,612 |
| 2007 | $105,718 + $157,455 $263,173 | $3,499 |
$949,000
CRMLS
Listing removed 2024-07-02
$0
CRMLS
Listed 2024-04-26
$949,000
CRMLS
Sold 2015-02-17
$419,000
TheMLSCLAW
Price Changed 2014-06-18
$410,000
TheMLSCLAW
Listed 2013-10-31
$425,000
TheMLSCLAW
Sold 2001-04-30
$234,000
ITECH
Listed 2000-08-17
$249,000
ITECH
Sold 1980-11-28
$86,000
Public Record
Year Built: 1944
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 80
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2000.00
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.