Restricted Address

Los Angeles, CA 90008

$1,300,000
Price
8
Beds
4
Baths
5,396 Sq. Ft.
$241 / Sq. Ft.
5,396
Sq. Ft.
$241
per Sq. Ft.

Description

We are pleased to present this 4 Unit multifamily investment in the desirable rental area of Leimert Park. This building offers four 2-bedroom 1 bath units boasting 1,349 square feet of living space. The structure was built in 1928 of wood-frame stucco construction with stylish Spanish Colonial architecture. The units have a total of 5,396 square feet and are situated on a 5,501 square foot lot, which is zoned LAR3. Currently the total monthly income is $6,271 per month, leaving a new Owner plenty...We are pleased to present this 4 Unit multifamily investment in the desirable rental area of Leimert Park. This building offers four 2-bedroom 1 bath units boasting 1,349 square feet of living space. The structure was built in 1928 of wood-frame stucco construction with stylish Spanish Colonial architecture. The units have a total of 5,396 square feet and are situated on a 5,501 square foot lot, which is zoned LAR3. Currently the total monthly income is $6,271 per month, leaving a new Owner plenty of upside in the rents upon turnover. The building is fully occupied, and no units will be delivered vacant. Please make all offers subject to inspection and submit proof of funds and DU approval with all offers. Please do not disturb tenants.

Property Details for Restricted Address

Zoning
LAR3
Style
Spanish Colonial
Parcel Number
5023015028
Total Units
4.0
Living Area
5396
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
LISTING UPDATED: 11/08/2024 01:39 PM

Property Details for Restricted Address

StatusActive
MLS #24-449303
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.13 AC / 5,501 SF
CountyLos Angeles County

Building Information for Restricted Address

Stories2Residences-Year Built1928Building Size-Lot Size0.13 AC / 5,501 SF

Property Information for Restricted Address

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Direction Faces: West
  • Water: Water District, Public
  • Sewer: In Connected and Paid
Contract Info
Contract Info
  • Financing: Cash To New Loan, Cash, Conventional
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $75,252
  • Net Operating Income: $48,052.00
  • Gross Income: $75,252
  • Cap Rate: 3.69%
  • Gross Rent Multiplier: $17.20
  • Actual Gross Annual Income: $75,252
  • Actual Rent Total: $75,252.00
  • Total Annual Expense: 27200
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1263
  • Lot Size Square Feet: 5501
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Garage - 3 Car, Uncovered
  • Total Parking: 4
  • Covered Parking: 3
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 3
  • Parking Features: Garage - Three Door, Uncovered
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Ceiling Fan, Wall/Window, Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-14-2024
  • Listing Terms: Conventional, Cash, Cash To New Loan
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,808.00
  • Unit Actual Rent: $1,808.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,001.00
  • Unit Actual Rent: $1,001.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,712.00
  • Unit Actual Rent: $1,712.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $200,301.00
  • Assessed Improvement Percent: 30.36
  • Assessed Land Value: $459,518.00
  • Assessed Land Percent: 69.64
  • Assessed Total Value: $659,819.00

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for Restricted Address

Taxable ValueLand$468,708Additions$204,307Total$673,015
Tax Record2024$8,816 ($735 / month)
Home Facts
Total Finished SqFt5,396 SqFtAbove Grade Finished SqFt5,396 SqFtLot Size5,501 SqFtStyleQuadraplexYear Built1928ZoningLAR3CountyLOS ANGELESAPN5023-015-028

Schools near Restricted Address

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 9 to 10
Rating
School
Distance
Forty-Second Street Elementary School
PublicK to 5

New Heights Charter School
CharterK to 8

Iovine and Young Center
Public9 to 10

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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Restricted Address is a multi-family home for sale in Los Angeles, CA 90008. This property was listed for sale on October 14, 2024 by McAlpin & Company, it's currently listed at $1,300,000. It has been on the market for a total of 40 days and was last sold on January 10, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Forty-Second Street Elementary School, New Heights Charter School and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. Restricted Address is a 8-bed, 4-bath, 5,396 sqft multi-family home built in 1928.

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 McAlpin & Company, Jerome McAlpin, DRE #00939725

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.