645 West 97th Street

Los Angeles, CA 90044

$1,986,000
Price
12
Beds
9
Baths
4,800 Sq. Ft.
$414 / Sq. Ft.
4,800
Sq. Ft.
$414
per Sq. Ft.

Description

Rent increases approved and newer construction priced at 6% cap rate! Modern spacious triplex newly built in 2019. Centrally located with easy access to freeways, restaurants, shopping, and more. The front home is a completely independent, detached home with 4 beds, 3 baths, 1,700 square feet, and a two car garage. Separate building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths, and 1,561 square feet. All units promise consistent cash flow at maximum approved rents....Rent increases approved and newer construction priced at 6% cap rate! Modern spacious triplex newly built in 2019. Centrally located with easy access to freeways, restaurants, shopping, and more. The front home is a completely independent, detached home with 4 beds, 3 baths, 1,700 square feet, and a two car garage. Separate building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths, and 1,561 square feet. All units promise consistent cash flow at maximum approved rents. All are designed with open living space floorplans, primary bedroom suites, and in-unit laundry. Due to the units being brand new construction as of 2019, the property is not subject to rent control, there are close to zero maintenance costs, and the new construction building warranty guarantees the new owner against latent defects. Hardscaped exterior driveways allow for ample parking, with additional yard space secured by a gate, which also adds extra security for the grounds. All units are separately metered for gas, electricity, and water, with each tenant paying their own utilities. Significant potential for appreciation based on upcoming nearby Olympic and World Cup events, expanding public transportation system, and an influx of investment into the area. Priced at a cap rate of 6% this deal is a no-brainer.
  1. Listed by Amir Torkamani • DRE #01902191 • Brokerage DRE #01902191 • Esquire Real Estate Brokerage, Inc.

Property Details for 645 West 97th Street

Zoning
LARD2
Style
Modern
Parcel Number
6054027027
Total Units
3.0
Living Area
4800
Source Living Area
Builder
Area
Metropolitan Southwest (C36)
Vacancy Rate
0
LISTING UPDATED: 11/25/2024 04:31 PM

Property Details for 645 West 97th Street

StatusActive
MLS #24-458067
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2019
Lot Size0.14 AC / 6,301 SF
CountyLos Angeles County

Building Information for 645 West 97th Street

Stories2Residences-Year Built2019Building Size-Lot Size0.14 AC / 6,301 SF

Property Information for 645 West 97th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Residential
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Property Condition: New Construction, Updated/Remodeled
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $143,544
  • Net Operating Income: $117,080.00
  • Gross Income: $143,544
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $13.83
  • Actual Annual Gross Rent: $143,544.00
  • Actual Gross Annual Income: $143,544
  • Total Annual Expense: 26464
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1446
  • Lot Size Square Feet: 6301
  • Lot Size Dimensions: 45x140
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Attached, Carport Attached, Driveway, Garage - 2 Car
  • Total Parking: 6
  • Parking Features: Attached Carport, Driveway, Garage - Two Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Mixed
  • Equipment: Dishwasher, Dryer, Washer, Refrigerator, Garbage Disposal, Range/Oven, Microwave
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Entry Location: Main Level
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-30-2024
  • Rent Control: No
  • Tenant Pays: Electricity, Cable TV, Gas, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,320.00
  • Unit Actual Rent: $4,320.00
  • Unit Projected Rent: $4,320.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,052.00
  • Unit Actual Rent: $4,052.00
  • Unit Projected Rent: $4,052.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,590.00
  • Unit Actual Rent: $3,590.00
  • Unit Projected Rent: $3,590.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Gas Meters: 3
  • Number Water Meters: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $412,226.00
  • Assessed Improvement Percent: 29.65
  • Assessed Land Value: $978,007.00
  • Assessed Land Percent: 70.35
  • Assessed Total Value: $1,390,233.00

Property History for 645 West 97th 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 645 West 97th Street

Taxable ValueLand$1,017,518Additions$428,879Total$1,446,397
Tax Record2024$17,959 ($1,497 / month)
Home Facts
Total Finished SqFt4,990 SqFtAbove Grade Finished SqFt4,990 SqFtStories1Lot Size6,301 SqFtStyleTriplexYear Built1938ZoningLARD2CountyLOS ANGELESAPN6054-027-027

Schools near 645 West 97th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - K to 5
Rating
School
Distance
Charles W. Barrett Elementary School
PublicK to 5

Bret Harte Preparatory Middle School
Public6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

Watts Learning Center
CharterK 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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645 West 97th Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on October 30, 2024 by Esquire Real Estate Brokerage, Inc., it's currently listed at $1,986,000. It has been on the market for a total of 52 days and was last sold on May 5, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Charles W. Barrett Elementary School, Bret Harte Preparatory Middle School and Alain Leroy Locke College Prep Academy. 645 West 97th Street is a 12-bed, 9-bath, 4,800 sqft multi-family home built in 2019.

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 Esquire Real Estate Brokerage, Inc., Amir Torkamani, DRE #01902191

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.