645 West 97th Street
$1,986,000
12
9
4,800
4,800
$414
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.
- Listed by Amir Torkamani • DRE #01902191 • Brokerage DRE #01902191 • Esquire Real Estate Brokerage, Inc.
Property Details for 645 West 97th Street
Zoning
LARD2
StyleModern
Parcel Number6054027027
Total Units3.0
Living Area4800
Source Living AreaBuilder
AreaMetropolitan Southwest (C36)
Vacancy Rate0
LISTING UPDATED: 11/25/2024 04:31 PM
Property Details for 645 West 97th Street
Status | Active |
---|---|
MLS # | 24-458067 |
Days on Market | 52 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2019 |
Lot Size | 0.14 AC / 6,301 SF |
County | Los 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
Property History for 645 West 97th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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