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1012 W 109Th Pl, Los Angeles, CA 90044
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1012 W 109Th Pl Los Angeles, CA 90044

$1,800,000 Sold Price as of 01/20/2023
  • 7 Beds
  • 13 Baths
  • 3,616 Sq.Ft.
Sold
$1,800,000 Sold Price as of 01/20/2023 Refinance Your Mortgage
Map preview of 1012 W 109Th Pl, Los Angeles, CA 90044

Property Overview: 1012 W 109Th Pl Los Angeles, CA has 7 bedrooms, 13 bathrooms, 3,616 living square feet and 8,103 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: *** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1012 West 109th is an 12-unit property (please note one unit is non-conforming) in the Westmont neighborhood of South Los Angeles operating at a 6.14% current CAP and offers investors approx. 19% rental upside . Located just west of Vermont Ave, the subject property features (1) three-bdrm. & two-bath unit, (4) 1-bdrm. units and (7) studio units that generate approx. $16,700+ in gross monthly income. Please note, a one-bdrm. unit will be delivered vacant upon close of escrow. Based on market rents for renovated units in the area, we believe a future investor could achieve approx. $19,700+ in gross monthly income and operate the property at a 7.72% Market CAP and 9.28 Market GRM. The property amenities include gated entry, on-site parking (open and covered) and a community laundry room.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 15 minutes ago | Last updated: February 1st, 2023 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
8,103
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22198933
City
Los Angeles
County
Los Angeles
Time on Site
654 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,114
  • Total Rent: $1,114
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,369
  • Total Rent: $1,369
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,215
  • Total Rent: $1,215
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,133
  • Total Rent: $1,133
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,648
  • Total Rent: $1,648
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 9
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,144
  • Total Rent: $1,144
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.14%
  • Gross Rent Multiplier: 10.93
  • Gross Scheduled Income: --
  • Net Operating Income: $134,860
  • Gross Operating Income: $194,772
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1012 W 109Th Pl

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Side by Side
Property Information
  • Total # of Units: 11
  • Parcel Number: 6076012011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is located North of Imperial Highway and just East of Vermont Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 1012 W 109Th Pl

Last sold for $1,800,000 on January 20th, 2023

  • January, 2023

  • Jan 20, 2023

    Date

    Sold

    CRMLS: 22198933

    $1,800,000

    Price

  • Sep 12, 2022

    Date

    Active

    CRMLS: 22198933

    $2,650,000

    Price

  • October, 2017

  • Oct 26, 2017

    Date

    Sold

    CRMLS: MB17110361

    $1,520,000

    Price

  • Aug 25, 2017

    Date

    Active Under Contract

    CRMLS: MB17110361

    $1,545,000

    Price

  • Aug 11, 2017

    Date

    Price Change

    CRMLS: MB17110361

    $1,545,000

    Price

  • Jun 30, 2017

    Date

    Price Change

    CRMLS: MB17110361

    $1,595,000

    Price

  • May 18, 2017

    Date

    Active

    CRMLS: MB17110361

    $1,620,000

    Price

  • Listing provided courtesy of CRMLS

    This is a 12 unit multifamily complex located in a non-rent control area of Los Angeles. One unit is non-conforming. There are nine studios, 2 one-bedrooms and 1 three-bedroom units. There is onsite gated parking with 2 remote control gates for access. Most of the units have been renovated. It has new rails, new paint and an updated deck. The laundry room has owner owned machines, so no need to share profits with anyone. It operates well and presents and excellent opportunity with upside for a savvy investor to capture. Perfect for a 1031 up-leg.

  • October, 2017

  • Oct 25, 2017

    Date

    Sold (Public Records)

    Public Records

    $15,200,000

    Price

  • December, 2014

  • Dec 11, 2014

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

Show More

Tax History for 1012 W 109Th Pl

Assessed Value (2020): $1,584,108
Year Land Value Improved Value Assessed Value
2020 $1,092,420 $491,688 $1,584,108

Home Value Compared to the Market

This property vs the competition

1012 W 109Th Pl sold on January 20, 2023 for 94.25% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $607.02 per/sqft which puts the price per square foot 19.49% lower than the current median sale per square foot for the city of Los Angeles.

About 1012 W 109Th Pl

Detailed summary of property

1012 W 109Th Pl is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 7 bedrooms, 13 bathrooms, roughly 3,616 living square feet, and sits on an approximately 8,103 square foot lot. 1012 W 109Th Pl was first listed on ArdentRealEstateGroup.com on September 13, 2022. The homeowner sold the property for $1,800,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 94.25% higher than the current median priced home. Local homes that are currently for sale include 6607 Brynhurst Ave, 438 E 56th St and 324 W 51st St. While the average home in Los Angeles, CA is selling in 99 days, 1012 W 109Th Pl has a days on market of 77 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1012 W 109Th Pl Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1012 W 109Th Pl

Public county record property details
Beds
2
Baths
11
Year built
1954
Sq. Ft.
3,616
Lot Size
8,102
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
6076-012-011

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$518
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
86
Median Sale to List Price %
104.62%
Avg Days on Market
30
Loan Type
Conventional (12.5%), FHA (41.67%), VA (0%), Cash (16.67%), Other (4.17%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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