1040 W 110Th St Los Angeles, CA 90044

$1,485,000 Sold Price as of 10/31/2017

11 Beds
10 Baths
6,054 Sq.Ft.

Off Market

$1,485,000 Sold Price as of 10/31/2017 Refinance Your Mortgage

Map preview of 1040 W 110Th St, Los Angeles, CA 90044

Property Overview: 1040 W 110Th St Los Angeles, CA has 11 bedrooms, 10 bathrooms, 6,054 living square feet and 18,008 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1040 W 110Th St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1040 W 110Th St

Last sold for $1,485,000 on October 31st, 2017

November, 2017
Nov 10, 2017

Date

Sold

CRMLS: 17261312

$1,485,000

Price
Sep 25, 2017

Date

Pending

CRMLS: 17261312

$1,545,000

Price
Aug 20, 2017

Date

Price Change

CRMLS: 17261312

$1,545,000

Price
Aug 17, 2017

Date

Active

CRMLS: 17261312

$1,400,000

Price
Listing provided courtesy of CRMLS

We are pleased to bring to market this cash flow opportunity in South Los Angeles. This nine unit apartment complex produces over $11,000 per month with very low expenses. There is an excellent unit mix of one - three bedroom house, seven - one bedroom apartments and one - single unit. The complex is situated on a very large lot containing over 18,000 square feet and faces both 110th and 111th Streets. The property is located just west of Vermont between Century and Imperial, in an area know as the County Strip. Because it is located in the County Strip it is not subject to rent control, and there are no annual SCEP inspections to deal with. The investment is being offered at an attractive 10.58 GRM and a 6.88 CAP rate. As of October 1st, the monthly income will be approximately $12,365 per month. Almost all units have approved increases from Section 8. So, the new GRM will be 10.41 and the new CAP will be higher as well. Please do not walk on property or disturb tenants.

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October, 2017
Oct 31, 2017

Date

Sold (Public Records)

Public Records

$1,485,000

Price
February, 2015
Feb 4, 2015

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1040 W 110Th St

Assessed Value (2020): $1,544,994

Year	Land Value	Improved Value	Assessed Value
2020	$1,082,016	$462,978	$1,544,994

About 1040 W 110Th St

Detailed summary of property

1040 W 110Th St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90044 and last sold on October 31, 2017 for $1,485,000. This property has 11 bedrooms, 10 bathrooms, roughly 6,054 living square feet, and sits on an approximately 18,008 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.59% higher than the current median priced home. 1040 W 110Th St was last sold on October 31, 2017 for $1,485,000. Local nearby listings include 1240 W 101st St, 528 W 107th St and 1114 W 99th St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1040 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 1040 W 110Th St

Public county record property details

Beds: 11
Baths: 10
Year built: 1949
Sq. Ft.: 6,054
Lot Size: 18,008
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 6076-013-016

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

$650,000

Median List Price/Sq.Ft.

$513

Median Sold Price

$717,000

Median Sold Price/Sq.Ft.

$513

Total Inventory

Median Sale to List Price %

102.58%

Avg Days on Market

Loan Type

Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

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