5570 West 1st Street

Los Angeles, CA 90036

$2,700,000
Price
3
Beds
6
Baths
7,590 Sq. Ft.
$356 / Sq. Ft.
7,590
Sq. Ft.
$356
per Sq. Ft.

Description

Trophy Asset that has been meticulously maintained by ownership since 1973. Spacious Units with One Bedrooms averaging over 1000 sq. ft. and
the Two Bedrooms averaging over 1300 sq.ft. (Buyer to Verify). Washer and Dryer in every unit. New Furnaces. 6-Single Car Garages. Hardwood Floors Throughout. Front and Back door Entrances for all units. Property was completely re-piped in the early 1990’s to include the main to the streetCorner Lot. Newer Individual Hot Water Heaters
Trophy Asset that has been meticulously maintained by ownership since 1973. Spacious Units with One Bedrooms averaging over 1000 sq. ft. and
the Two Bedrooms averaging over 1300 sq.ft. (Buyer to Verify). Washer and Dryer in every unit. New Furnaces. 6-Single Car Garages. Hardwood Floors Throughout. Front and Back door Entrances for all units. Property was completely re-piped in the early 1990’s to include the main to the streetCorner Lot. Newer Individual Hot Water Heaters
  1. Listed by KEVIN HURLEY • DRE #01237798 • Brokerage DRE #01444805 • Keller Williams Realty/Pasadena • 626-484-1897

Property Details for 5570 West 1st Street

Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
7590
Assessor Parcel Number
5513-017-001
LISTING UPDATED: 09/24/2024 05:30 AM

Property Details for 5570 West 1st Street

StatusActive
MLS #WS24198192
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
CountyLos Angeles County

Building Information for 5570 West 1st Street

Building/Complex5570 W 1st StFloor-Stories2Residences-Pet Policy-Year Built1938Building Size-

Property Information for 5570 West 1st Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $192,960
  • Gross Scheduled Income: $192,960
  • Vacancy Allowance: 5789
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $187,181
  • Net Operating Income: $116,390
  • Gross Multiplier: 13.99
  • Cap Rate: 4.31
Expense Details
  • Operating Expense: $70,781
  • New Taxes Expense: $29,908
  • Gardener Expense: $5,100
  • Fuel Expense: $1,332
  • Licenses Expense: $810
  • Pest Control Expense: $1,015
  • Security Expense: $3,740
  • Electric Expense: $1,332
  • Insurance Expense: $7,648
  • Maintenance Expense: $11,585
  • Professional Management Expense: $0
  • Other Expense: $2,426
  • Other Expense Description: DA's
  • Trash Expense: $3,221
  • Water Sewer Expense: $2,664
  • Total Expenses: $70,781
Tax / Assessment Info
  • Tax Tract Number: 8498
  • Tax Census Tract: 2141.00
  • CFD/Mello-Roos Fee: $2,426
  • Tax Lot: 158
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Wood
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Garage - 1 Car
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,356
  • Unit Type Total Rent: $9,525
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,328
  • Unit Type Total Rent: $6,655
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 5570 West 1st 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 5570 West 1st Street

Taxable ValueLand$122,799Additions$123,838Total$246,637
Tax Record2024$4,382 ($365 / month)
Home Facts
Total Finished SqFt7,590 SqFtAbove Grade Finished SqFt7,590 SqFtLot Size9,112 SqFtStyleMulti-Family Res (5+ Units)Year Built1938ZoningLAR3CountyLOS ANGELESAPN5513-017-001

Schools near 5570 West 1st Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Third Street Elementary School
PublicK to 5

Fairfax Senior High School
Public9 to 12

Melrose Elementary School
PublicK to 5

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.

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5570 West 1st Street is a multi-family home for sale in Los Angeles, CA 90036. This property was listed for sale on September 24, 2024 by Keller Williams Realty/Pasadena, it's currently listed at $2,700,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Third Street Elementary School, Girls Academic Leadership Academy, Dr. Michelle King School For Sci, Tech, Eng And Math and Fairfax Senior High School. 5570 West 1st Street is a 3-bed, 6-bath, 7,590 sqft multi-family home built in 1938.

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 Keller Williams Realty/Pasadena, KEVIN HURLEY, DRE #01237798

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.