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1040 W 91St St, Los Angeles, CA 90044
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1040 W 91St St Los Angeles, CA 90044

$3,725,000
  • 32 Beds
  • 13 Baths
  • 8,496 Sq.Ft.
For Sale
$3,725,000 Get Pre-Qualified
Map preview of 1040 W 91St St, Los Angeles, CA 90044

Property Overview: 1040 W 91St St Los Angeles, CA has 32 bedrooms, 13 bathrooms, 8,496 living square feet and 9,513 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: 9/25/23 PRICE ADJUSTMENT - 1040 W 91st St, Los Angeles is a beautiful turnkey 11-unit asset in the dense rental market of unincorporated West Athens. The property is professionally managed and the property has undergone extensive remodeling through capital expenditures totaling over $300,000, including new LVP flooring, LED lighting, AC, full kitchen remodel (counters, shaker style cabinetry, range ovens, refrigerators), full bathroom remodel (fiberglass shower surround and vanities), and more. The 8,496 square foot building resides on a 9,513 square foot lot and is comprised of nine (9) 3 bed/1 bath, one (1) 3 bed/2 bath, and one (1) 2 bed/2 bath units. Twelve (12) dedicated carports are located in the rear of the parcel. Tenants enjoy convenient access to all that the greater Los Angeles area offers with quick access to the 110, 105, 405 and 10 Freeways.

Listed by Daniel Shieh | BRE #01978847 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 16 minutes ago | Last updated: February 22nd, 2024 | Source CRMLS | DOM: 161
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Home details

Lot Sq. Ft
9,513
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23306851
City
Los Angeles
County
Los Angeles
Time on Site
235 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,287
  • Total Rent: $18,300
  • Pro Forma/Market Rent: $23,160
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $3,465
  • Pro Forma/Market Rent: $3,465
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,465
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,465
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.8%
  • Gross Rent Multiplier: 11.55
  • Gross Scheduled Income: --
  • Net Operating Income: $219,608
  • Gross Operating Income: $312,872
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1040 W 91St St

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Property Details for 1040 W 91St St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 11
  • Parcel Number: 6047020017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: southwest of Vermont Ave and Manchester Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1040 W 91St St

Last sold for $2,530,000 on March 1st, 2019

  • September, 2023

  • Sep 5, 2023

    Date

    Active

    CRMLS: 23306851

    $3,895,000

    Price

  • January, 2020

  • Jan 21, 2020

    Date

    Canceled

    CRMLS: 19536066

    $2,250

    Price

  • Dec 11, 2019

    Date

    Active

    CRMLS: 19536066

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    Bright 3bed/1bath Newly updated with granite counter tops, stainless steel sink and an appliance package. The bathroom has been remodeled and features a large shower, cabinetry and lighting. Each bedroom has lush carpeting and a large amount of storage space. 1 Parking and pets okay! $500.00 off first months rent.

  • January, 2020

  • Jan 21, 2020

    Date

    Canceled

    CRMLS: 19519378

    $2,195

    Price

  • Oct 10, 2019

    Date

    Active

    CRMLS: 19519378

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    Newly updated 3bed/1bath. Remodeled kitchen with custom cabinetry, granite counter tops, stainless steel appliances. Spacious bedrooms with storage, 1 car covered parking, gated entry and AC. One month free rent upon approved credit.

  • January, 2020

  • Jan 21, 2020

    Date

    Canceled

    CRMLS: 19519010

    $2,395

    Price

  • Oct 9, 2019

    Date

    Active

    CRMLS: 19519010

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    Remodeled lower 3bd/2bath with custom cabinetry, granite counters, stainless steel sink and appliances. Available NOW! Pets okay. Parking included. One month free rent upon approved credit

  • March, 2019

  • Mar 1, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,530,000

    Price

  • December, 2017

  • Dec 1, 2017

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

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Tax History for 1040 W 91St St

Assessed Value (2020): $2,580,600
Year Land Value Improved Value Assessed Value
2020 $2,040,000 $540,600 $2,580,600

Home Value Compared to the Market

This property vs the competition

1040 W 91St St is listed 201.38% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $438.44 per/sqft which puts the price per square foot 43.28% lower than the median price per square foot for the city of Los Angeles.

About 1040 W 91St St

Detailed summary of property

1040 W 91St St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 32 bedrooms, 13 bathrooms, roughly 8,496 living square feet, and sits on an approximately 9,513 square foot lot. 1040 W 91St St was first listed on ArdentRealEstateGroup.com on September 6, 2023. The homeowner is currently asking $3,725,000 and was originally asking $3,895,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 201.38% higher than the median priced home. Local competing homes currently for sale include 2937 West Blvd, 1819 S Gramercy Pl and 2176 S Venice Blvd. While the average home in Los Angeles, CA is selling in 96 days, 1040 W 91St St has a days on market of 161 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1040 W 91St 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 91St St

Public county record property details
Beds
--
Baths
12
Year built
1963
Sq. Ft.
8,496
Lot Size
9,513
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
44
APN
6047-020-017

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.
$517
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$503
Total Inventory
80
Median Sale to List Price %
100%
Avg Days on Market
51
Loan Type
Conventional (57.14%), FHA (7.14%), VA (0%), Cash (7.14%), Other (14.29%)

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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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