707 West 70th Street

Los Angeles, CA 90044

$799,000
Price
4
Beds
4
Baths
1,632 Sq. Ft.
$490 / Sq. Ft.
1,632
Sq. Ft.
$490
per Sq. Ft.

Description

We are pleased to offer this four unit investment opportunity, located in the City of Los Angeles. The unit mix consists of four 1+1 units. The investment consists of approximately 1,632 of rentable square feet and is situated on two parcels of approximately 5,409 square feet. Recent property upgrades include new exterior paint and two of the units have recently been renovated. The building amenities include a large parking area with four total spaces with ADU potential (buyer to verify), a secured...We are pleased to offer this four unit investment opportunity, located in the City of Los Angeles. The unit mix consists of four 1+1 units. The investment consists of approximately 1,632 of rentable square feet and is situated on two parcels of approximately 5,409 square feet. Recent property upgrades include new exterior paint and two of the units have recently been renovated. The building amenities include a large parking area with four total spaces with ADU potential (buyer to verify), a secured gated entry, and the property is separately metered for gas and electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is in compliance with the Los Angeles Soft-Story Retrofit Program.
  1. Listed by Ian Hollinger • DRE #01889125 • Brokerage DRE #01765179 • BRC Advisors- BH
  2. Listed by Griffin White • DRE #02031785 • Brokerage DRE #01765179 • BRC Advisors- BH

Property Details for 707 West 70th Street

Zoning
LAR2
Parcel Number
6013021009
Total Units
4.0
Living Area
1632
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
2%
Lot Size Area
5409
LISTING UPDATED: 12/16/2024 11:02 AM

Property Details for 707 West 70th Street

StatusActive
MLS #24-465229
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.12 AC / 5,409 SF
CountyLos Angeles County

Building Information for 707 West 70th Street

Stories-Residences-Year Built1923Building Size-Lot Size0.12 AC / 5,409 SF

Property Information for 707 West 70th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 4
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $76,960
  • Net Operating Income: $58,777.00
  • Gross Income: $78,531
  • Cap Rate: 6.92%
  • Gross Rent Multiplier: $10.81
  • Total Annual Expense: 18183
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1242
  • Lot Size Square Feet: 5409
Parking Details
Parking Details
  • Parking Garage: Other, Driveway - Gravel
  • Total Parking: 0
  • Parking Features: Gravel
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,025.00
  • Unit Actual Rent: $2,025.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,222.00
  • Unit Actual Rent: $1,222.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $890.24
  • Unit Actual Rent: $890.24
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 707 West 70th 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 707 West 70th Street

Taxable ValueLand$401,136Additions$171,914Total$573,050
Tax Record2024$7,282 ($607 / month)
Home Facts
Total Finished SqFt1,632 SqFtAbove Grade Finished SqFt1,632 SqFtLot Size5,409 SqFtStyleQuadraplexYear Built1923ZoningLAR2CountyLOS ANGELESAPN6013-021-009

Schools near 707 West 70th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gil Garcetti Learning Academy
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

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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707 West 70th Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on November 19, 2024 by BRC Advisors- BH, it's currently listed at $799,000. It has been on the market for a total of 32 days and was last sold on September 4, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Gil Garcetti Learning Academy, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 707 West 70th Street is a 4-bed, 4-bath, 1,632 sqft multi-family home built in 1923.

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 BRC Advisors- BH, Ian Hollinger, DRE #01889125; BRC Advisors- BH, Griffin White, DRE #02031785

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.