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1016 W 110Th St, Los Angeles, CA 90044
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1016 W 110Th St Los Angeles, CA 90044

$1,725,000
  • 4 Beds
  • 13 Baths
  • 4,358 Sq.Ft.
For Sale
$1,725,000 Get Pre-Qualified
Map preview of 1016 W 110Th St, Los Angeles, CA 90044

Property Overview: 1016 W 110Th St Los Angeles, CA has 4 bedrooms, 13 bathrooms, 4,358 living square feet and 18,003 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1016 W. 110th Street is an 11-unit apartment community located in unincorporated Los Angeles. The opportunity consists of three (3) separate structures on an extremely large 18,003 square foot lot. Each unit is separately metered for gas and electricity and has its own parking space. Unit composition includes ten (10) studio units and a 4-bedroom/3-bathroom house with a pool and front yard. The rents are close to market; however, there is still approximately 9% rental upside that can be achieved as the units turnover. Tenants have easy access to the 105 & 110 Freeway which connects the subject property to Downtown Los Angeles and the beaches. Lastly, as the new construction pipeline continues to grow in South Los Angeles, the ability for a new owner to get higher rents will increase over time as projects such as the 84-unit apartment next door is set to be completed by 2025.

Listed by Andres Diaz | BRE #01956479 | Keller Williams Downtown LA
Co-listed by Scott Chaplan | BRE #01182553 | Del Rey Urban Brokerage
Last checked: 9 minutes ago | Last updated: June 19th, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
18,003
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24402825
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,061
  • Total Rent: $10,611
  • Pro Forma/Market Rent: $12,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,599
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 9.51
  • Gross Scheduled Income: --
  • Net Operating Income: $104,109
  • Gross Operating Income: $181,332
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1016 W 110Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 11
  • Parcel Number: 6076013007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: near the intersection of W. Imperial Highway & S. Vermont Avenue; as well as; 110 Freeway & 105 Freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 1016 W 110Th St

Last sold for $1,050,000 on December 12th, 2017

  • June, 2024

  • Jun 11, 2024

    Date

    Active

    CRMLS: 24402825

    $1,725,000

    Price

  • December, 2017

  • Dec 12, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

  • July, 2017

  • Jul 23, 2017

    Date

    Expired

    CRMLS: DW17071629

    $1,100,000

    Price

  • Apr 5, 2017

    Date

    Active

    CRMLS: DW17071629

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    good investments "NO RENT CONTROL", " NO RENT CONTROL", RENTS ARE LOW, good opportunity to do """a big cash flow""", can increase on all the units including the 4 bedrooms house, don't loose this change to increase your gains. this house has also a swimming pool, to up grade, also is in fair conditions, tenants pay on time. 3 building, 6 singles with 12 parking spaces, then house with 4 parking spaces and back yard, then other 4 singles with car garage, and carpot, and more parking, stucco exterior. all the exterior iron fenced with gated doors, some tenants does not have deposits

  • March, 1995

  • Mar 31, 1995

    Date

    Sold (Public Records)

    Public Records

    $170,000

    Price

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Tax History for 1016 W 110Th St

Assessed Value (2020): $1,095,320
Year Land Value Improved Value Assessed Value
2020 $624,240 $471,080 $1,095,320

Home Value Compared to the Market

This property vs the competition

1016 W 110Th St is listed 38.11% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $395.82 per/sqft which puts the price per square foot 49.12% lower than the median price per square foot for the city of Los Angeles.

About 1016 W 110Th St

Detailed summary of property

1016 W 110Th St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 4 bedrooms, 13 bathrooms, roughly 4,358 living square feet, and sits on an approximately 18,003 square foot lot. 1016 W 110Th St was first listed on ArdentRealEstateGroup.com on June 11, 2024. The homeowner is currently asking $1,725,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 38.11% higher than the median priced home. Local competing homes currently for sale include 1722 W 85th St, 716 W 81st St and 948 W 81st St. While the average home in Los Angeles, CA is selling in 98 days, 1016 W 110Th St has a days on market of 15 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1016 W 110Th St 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 1016 W 110Th St

Public county record property details
Beds
4
Baths
11
Year built
1950
Sq. Ft.
4,358
Lot Size
18,003
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
7
APN
6076-013-007

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.
$521
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
85
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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Recently Sold Homes Near 1016 W 110Th St

1028 W 110Th St, Los Angeles, CA 90044
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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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