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Sold on 09/22/2009
$949,000
1420 South SPAULDING Ave Los Angeles, CA 90019
| Beds: | 8 |
| Baths: | 8 |
| Sq. Ft.: | 6,305 |
| $/Sq. Ft.: | $151 |
| Lot Size: | 0.26 Acres |
| Property Type: | Multi-Family |
| Style: | Traditional |
| Year Built: | 1953 |
| Community: | Beverly Center/Miracle Mile |
| County: | Los Angeles |
| MLS#: | 09-385067 |
| Source: | TheMLS |
| Status: | Closed |
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Great opportunity to own a spacious fourplex on an 11,500 SF double lot in a good Miracle Mile location. Each unit is over 1550 SF with 2 bedrooms, 2 baths, a den, large living room, formal dining room, service porch, hardwood floors and laundry hook-ups. Two units are currently vacant. Huge potential to raise rents to market - 10x gross at market rent!
Equipment
- Cable TV
Building Information
- Total Floors: 2
Unit 1 Information
- Number: 1
- # of Beds: 2
- # of Baths: 2
- Monthly Rent: $2,150
Unit 4 Information
- Number: 1
- # of Beds: 2
- # of Baths: 2
- Monthly Rent: $2,150
Location Information
- Driving Directions: East of Fairfax, South of Pico
Expense Information
- Total Annual: $23,218
- Gardener: $3,600
- Insurance: $2,000
- Maintenance: $2,155
- Water: $3,600
Heating & Cooling
- Central Furnace
- No Cooling
Community Features
- Units in Complex (Total): 4
Unit 2 Information
- Number: 1
- # of Beds: 2
- # of Baths: 2
- Monthly Rent: $900
Lot Information
- Lot Size (Sq. Ft.): 11,500
- Lot Size Source: Other
- Zoning: LAR2
Property Information
- Square Footage Source: Other
- Assessed Improvement Value: $52,501
- Tax Parcel Number: 5069011015
- Legal Disclosures: Take Property As Is
Listing Information
- MLS: CLAW
- Listing Terms: Cash To New Loan
Parking Information
- # of Parking Spaces (Total): 4
- Garage
Multi-Family Information
- # of Buildings: 2
- Owner Pays Gardener
- Tenant Pays Electricity
- Tenant Pays Gas
- Tenant Pays Other Fees
Unit 3 Information
- Number: 1
- # of Beds: 2
- # of Baths: 2
- Monthly Rent: $786.61
Land Information
- Assessed Land Value: $32,187
Financial Information
- Net Operating Income: $48,614
- Adjusted Gross Income: $71,832
- Gross Operating Income: $71,832
- Gross Rent Multiplier: 13.21
- Vacancy Allowance (%): 50
Listing last changed
September 22, 2009, 5:25 PM
Overhead View of 1420 South SPAULDING Ave, Los Angeles, CA 90019
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Property History for 1420 South SPAULDING Ave
| Date | Event | Price | Appreciation | Source |
|---|---|---|---|---|
| Sep 23, 2009 | Delisted | -- | -- | Inactive TheMLS #1 |
| Sep 22, 2009 | Sold (Public Records) | $949,000 | -- | Public Records |
| Sep 22, 2009 | Sold (MLS) | $949,000 | -- | Inactive TheMLS #1 |
| Jul 18, 2009 | Listed | $949,000 | -- | Inactive TheMLS #1 |
What's the difference between "Sold (Public Records)" and "Sold (MLS)"?
Public Facts for 1420 South SPAULDING Ave
| Beds: | 6 |
| Baths: | 8.0 |
| Finished Sqft: | 6305 |
| Unfinished Sqft: | - |
| Total Sqft: | 6305 |
| Floors: | - |
| Lot Size: | 11,500 |
| Style: | Multi-Family (2-4 Unit) |
| Year Built: | 1953 |
| Year Renovated: | - |
| County: | Los Angeles County |
| APN: | 5069011015 |
| Last Updated: | November 19, 2009 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $33,486 |
| Additions | $54,622 |
| Total | $88,108 |
| Tax (2008) | $1,519 |
Home Value Estimates for 1420 South SPAULDING Ave
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Nearby Similar Sales
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| Average: | $203/Sq. Ft. |
Link to this page at
http://www.redfin.com/CA/Los-Angeles/1420-S-Spaulding-Ave-90019/home/6904185
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