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103 E 118Th Pl, Los Angeles, CA 90061
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103 E 118Th Pl Los Angeles, CA 90061

$750,000 Sold Price as of 06/10/2022
  • 8 Beds
  • 4 Baths
  • 3,230 Sq.Ft.
Sold
$750,000 Sold Price as of 06/10/2022 Refinance Your Mortgage
Map preview of 103 E 118Th Pl, Los Angeles, CA 90061

Property Overview: 103 E 118Th Pl Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,230 living square feet and 6,126 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is an opportunity to acquire a two-story, four-unit complex comprised of (4) two-bedroom, one-bath units. Built in 1950, the 3,230 SF building sits on a 6,126 SF lot. The property features five parking spaces, (2) two-car garages, and (1) surface parking space and separate meters for gas and electricity - minimizing the owner's responsibility on utilities. Situated between Interstate 105 and Interstate 110, 103 E 118th Place is in close proximity to Harbor Freeway Green Line Station. Just a short driveaway from Downtown Los Angeles, Dockweiler Beach, and Long Beach. The immediate area is experiencing an influx of affordable housing developments including Dahlia Apartments and Hope on Avalon. Given recent trends in the market, this is an ideal opportunity for an investor looking for a great cash-flow and rental upside potential. In addition to the rental upside potential, it is possible for a new buyer to develop an ADU at the front of the property without having to take away parking. Drive by only, please do not disturb tenants.

Listed by John Wright | BRE #01985584 | Matthews Real Estate Investment Services
Last checked: 2 minutes ago | Last updated: June 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,126
HOA Dues
$0/mo
Year built
1950
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
22148179
City
Los Angeles
County
Los Angeles
Time on Site
759 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,224
  • Total Rent: $4,897
  • Pro Forma/Market Rent: $8,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.76
  • Gross Scheduled Income: --
  • Net Operating Income: $30,000
  • Gross Operating Income: $56,999
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 103 E 118Th Pl

Interior Features
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 5
  • Has Parking
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 6083018006
Location / Neighborhood
Location Information
  • Directions: NEC of Main Street and 118th Place
View more facts & features

Local Los Angeles Agent

Sale History for 103 E 118Th Pl

Last sold for $750,000 on June 10th, 2022

  • June, 2022

  • Jun 10, 2022

    Date

    Sold

    CRMLS: 22148179

    $750,000

    Price

  • Apr 20, 2022

    Date

    Active

    CRMLS: 22148179

    $750,000

    Price

  • May, 2009

  • May 1, 2009

    Date

    Sold (Public Records)

    Public Records

    $167,636

    Price

  • June, 2001

  • Jun 19, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 103 E 118Th Pl

Assessed Value (2020): $423,889
Year Land Value Improved Value Assessed Value
2020 $353,244 $70,645 $423,889

Home Value Compared to the Market

This property vs the competition

103 E 118Th Pl sold on June 10, 2022 for 36.97% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $232.2 per/sqft which puts the price per square foot 69.25% lower than the current median sale per square foot for the city of Los Angeles.

About 103 E 118Th Pl

Detailed summary of property

103 E 118Th Pl is a multi family that recently sold in Los Angeles, CA 90061. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,230 living square feet, and sits on an approximately 6,126 square foot lot. 103 E 118Th Pl was first listed on ArdentRealEstateGroup.com on April 20, 2022. The homeowner sold the property for $750,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 36.97% lower than the current median priced home. Local homes that are currently for sale include 949 E 113th St, 10409 S Figueroa St and 1213 E 119th St. While the average home in Los Angeles, CA is selling in 92 days, 103 E 118Th Pl has a days on market of 11 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 103 E 118Th Pl Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 103 E 118Th Pl

Public county record property details
Beds
4
Baths
4
Year built
1950
Sq. Ft.
3,230
Lot Size
6,126
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
6083-018-006

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$579,000
Median List Price/Sq.Ft.
$494
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$531
Total Inventory
30
Median Sale to List Price %
110.09%
Avg Days on Market
39
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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