326 East 116th Street

Los Angeles, CA 90061

$499,000
Price
3
Beds
1
Bath
912 Sq. Ft.
$547 / Sq. Ft.
912
Sq. Ft.
$547
per Sq. Ft.

Description

Charming single-family home is a fantastic investment opportunity with a generous lot size of 6,289 sq ft, providing ample outdoor space, with mature trees & plenty of shade! The home itself is a cozy 912 sq ft and features 3 bedrooms plus 1 bathroom. It’s a perfect blend of vintage charm and contemporary comfort; or LAR2 "two family" zoning if you're thinking bigger & love to build. Located in the heart of Los Angeles, this property is surrounded by a variety of local amenities, and is not RSO....Charming single-family home is a fantastic investment opportunity with a generous lot size of 6,289 sq ft, providing ample outdoor space, with mature trees & plenty of shade! The home itself is a cozy 912 sq ft and features 3 bedrooms plus 1 bathroom. It’s a perfect blend of vintage charm and contemporary comfort; or LAR2 "two family" zoning if you're thinking bigger & love to build. Located in the heart of Los Angeles, this property is surrounded by a variety of local amenities, and is not RSO. It’s conveniently close to the 105 & 110 freeways, making commuting a breeze. Restaurants, grocery, and home improvement stores all close at hand. Magic Johnson & multiple other parks nearby. Reasonable 20 min drive to LAX or Long Beach airports. Ready for your next investment or in a time crunch on your 1031 exchange? Don’t miss out on this great opportunity to invest in a property in central Los Angeles with so much potential!
  1. Listed by Angie Weeks • DRE #01398537 • Brokerage DRE #01008773 • First Team Real Estate • 949-338-7408
  2. Listed by Jay Dharmasuriya • DRE #00815366 • Brokerage DRE #02066915 • Realty Brokerage Group Inc

Property Details for 326 East 116th Street

Architectural Style
Traditional
View
Neighborhood
Parking Spaces Total
1
Private Pool
No
Cooling Type
N/K
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 10/16/2024 09:57 AM

Property Details for 326 East 116th Street

StatusActive
MLS #OC24198015
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.14 AC / 6,289 SF
CountyLos Angeles County

Building Information for 326 East 116th Street

Stories1Residences-Year Built1928Building Size-Lot Size0.14 AC / 6,289 SF

Property Information for 326 East 116th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $18,000
  • Gross Scheduled Income: $18,000
  • Net Operating Income: $16,800
Expense Details
  • Operating Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,200
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $1,200
Tax / Assessment Info
  • Tax Tract Number: 3598
  • Tax Census Tract: 2410.01
  • CFD/Mello-Roos Fee: $469
  • Tax Lot: 91
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
Exterior Features
  • Security Features: Carbon Monoxide Detector(s)
  • Construction Materials: Concrete, Stucco
  • Exterior Construction: Concrete, Stucco
  • Exterior: Stucco
  • Roof: Composition, Shingle
  • Entry Location: front door
  • Fence: Yes
  • Fencing: Average Condition
  • Foundation Details: Slab
  • Other Structures: Shed(s)
  • Property Condition: Repairs Cosmetic
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot, Level, Yard
  • Number Of Units: 1
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 1
  • Parking Features: Attached Carport, Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 326 East 116th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 326 East 116th Street

Taxable ValueLand$59,721Additions$49,162Total$108,883
Tax Record2024$1,778 ($148 / month)
Home Facts
Beds3Total Finished SqFt912 SqFtAbove Grade Finished SqFt912 SqFtStories1Lot Size6,287 SqFtStyleSingle Family ResidenceYear Built1928ZoningLAR2CountyLOS ANGELESAPN6083-008-015

Schools near 326 East 116th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
One Hundred Eighteenth Street School
PublicK to 5

Alliance Jack H. Skirball Middle School
Charter6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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326 East 116th Street is a multi-family home for sale in Los Angeles, CA 90061. This property was listed for sale on September 23, 2024 by First Team Real Estate, it's currently listed at $499,000. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Eighteenth Street School, Alliance Jack H. Skirball Middle School and Alain Leroy Locke College Prep Academy. 326 East 116th Street is a 3-bed, 1-bath, 912 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First Team Real Estate, Angie Weeks, DRE #01398537; Realty Brokerage Group Inc, Jay Dharmasuriya, DRE #00815366

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.