928 South Record Avenue

Los Angeles, CA 90023

$1,299,000
Price
7
Beds
3
Baths
2,550 Sq. Ft.
$509 / Sq. Ft.
2,550
Sq. Ft.
$509
per Sq. Ft.

Description

We are pleased to present a three (3) unit apartment building located in Los Angeles, California. The subject property is situated in a good East Los Angeles location, south of Whittier Boulevard and west of S Downey Road. Built in 1956, this property consists of an ideal unit mix of two (2) two-bedroom / one-bathroom units, and one (1) three-bedroom / one-bathroom house. All of the units have been recently renovated with hardwood flooring, new countertops, appliances, and in-unit washer and dryer...We are pleased to present a three (3) unit apartment building located in Los Angeles, California. The subject property is situated in a good East Los Angeles location, south of Whittier Boulevard and west of S Downey Road. Built in 1956, this property consists of an ideal unit mix of two (2) two-bedroom / one-bathroom units, and one (1) three-bedroom / one-bathroom house. All of the units have been recently renovated with hardwood flooring, new countertops, appliances, and in-unit washer and dryer machines. The two-bedroom units also feature a spacious den. The property is also gated and secure. The property is equipped with three (3) on-site parking spaces including two (2) garage spaces that can potentially be converted into multiple ADU units. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Lupe's Burritos, Regency Commerce, Pacific French Bakery, Nike Community Store, and Salazar Park. Positioned in a good East Los Angeles Location, this offering presents an exceptional opportunity for an investor to capitalize on a triplex with incredible initial cash flow and qualifies for 30-year fixed residential financing.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Kian Maronde • DRE #01952189 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 928 South Record Avenue

Zoning
LCR4YY
Parcel Number
5239020020
Total Units
3.0
Living Area
2550
Source Living Area
Vendor Enhanced
Area
East LA
Vacancy Rate
0
Lot Size Area
7200
LISTING UPDATED: 11/21/2024 05:20 PM

Property Details for 928 South Record Avenue

StatusActive
MLS #24-454143
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.17 AC / 7,200 SF
CountyLos Angeles County

Building Information for 928 South Record Avenue

Stories1Residences-Year Built1956Building Size-Lot Size0.17 AC / 7,200 SF

Property Information for 928 South Record Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Market
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $109,416
  • Net Operating Income: $85,635.00
  • Gross Income: $109,416
  • Cap Rate: 6.59%
  • Gross Rent Multiplier: $11.52
  • Actual Annual Gross Rent: $112,800.00
  • Actual Gross Annual Income: $109,416
  • Actual Rent Total: $112,800.00
  • Financial Info as Of: 10/17/2024
  • Vacancy Allow Dollar: $3,384.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 23781
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.164
  • Lot Size Square Feet: 7200
  • Lot Features: Rectangular Lot, No Landscaping, Yard
  • Lot Description: Alley Paved, Single Lot, Street Asphalt, Lot Shape-Rectangular, Fenced, Curbs, No Landscaping, Redevelopment Area, Yard
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 1 Car, Private Garage, Assigned, Attached
  • Total Parking: 5
  • Covered Parking: 2
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 2
  • Parking Features: Driveway, Garage - Single Door, Private, Assigned
  • Attached Garage: Yes
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Room Type: Den
  • Rooms: Den
  • Levels: One
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood
  • Equipment: Dryer, Dishwasher, Washer, Refrigerator, Range/Oven
  • Room Kitchen Features: Stone Counters, Remodeled Kitchen
  • Kitchen Features: Stone Counters, Remodeled
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Patio Features: Covered Porch
  • Entry Location: Main Level
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-17-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,450.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $40,732.00
  • Assessed Improvement Percent: 66.3
  • Assessed Land Value: $20,707.00
  • Assessed Land Percent: 33.7
  • Assessed Total Value: $61,439.00

Property History for 928 South Record Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 928 South Record Avenue

Taxable ValueLand$525,300Additions$255,000Total$780,300
Tax Record2024$11,177 ($931 / month)
Home Facts
Total Finished SqFt2,550 SqFtAbove Grade Finished SqFt2,550 SqFtLot Size7,200 SqFtStyleTriplexYear Built1956ZoningLCR4YYCountyLOS ANGELESAPN5239-020-020

Schools near 928 South Record Avenue

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

KIPP Academy Of Innovation
Charter5 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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928 South Record Avenue is a multi-family home for sale in Los Angeles, CA 90023. This property was listed for sale on October 17, 2024 by Marcus & Millichap, it's currently listed at $1,299,000. It has been on the market for a total of 65 days and was last sold on February 24, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Eastman Avenue Elementary School, KIPP Academy Of Innovation and Hilda L. Solis Learning Academy School Of Technology, Business And Education. 928 South Record Avenue is a 7-bed, 3-bath, 2,550 sqft multi-family home built in 1956.

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 Marcus & Millichap, Jason Tuvia, DRE #01772495; Marcus & Millichap, Kian Maronde, DRE #01952189

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.