10786 Missouri Ave #8, Los Angeles, CA 90025
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10786 Missouri Ave #8 Los Angeles, CA 90025

$4,300,000
  • 12 Beds
  • 11 Baths
  • 7,658 Sq.Ft.
For Sale
$4,300,000 Get Pre-Qualified

Map preview of 10786 Missouri Ave #8, Los Angeles, CA 90025

Property Overview: 10786 Missouri Ave #8 Los Angeles, CA has 12 bedrooms, 11 bathrooms, 7,658 living square feet and 7,430 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: Assumable Financing Available! 3.65% Interest Rate Fixed Until Feb 1. 2027. The loan amount is around $1.8M. Very rare to find an asset like this in Westwood, one of the most desired pocket of Los Angeles. You will not find a better price/unit or price/sf in the area. 10786 Missouri Ave is a 8 unit trophy asset located in an A+ area. The subject property is priced at $537k/unit and still has room to improve the income. Once rented for market, 10786 Missouri Ave will operate at a 5.46% CAP and 13.05 GRM. This is the ideal asset for any investor looking for cash-flow and appreciation in one of the nicest neighborhoods in Los Angeles. 10786 Missouri Ave is comprised of (1) 3Bed+2Bath (2) 2Bed+2Bath, and (5) 1Bed+1Bath units. Two units will be delivered vacant. Due to its location, the subject property demands high rents, beneficial to any new buyer. There are 5 tandem parking spots, as well as 2 parking spaces in the rear. Located just minutes away from many shops, restaurants and other entertainment- this is a renter's dream! With a 89 walk score, this property is considered a walker's paradise.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Olga Wright | BRE #01315042 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 4 minutes ago | Last updated: February 12th, 2024 | Source CRMLS | DOM: 186
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Home details

Lot Sq. Ft
7,430
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SB23162139
City
Los Angeles
County
Los Angeles
Time on Site
241 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $1,872
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,271
  • Total Rent: $2,271
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16.26
  • Gross Scheduled Income: $264,516
  • Net Operating Income: $171,983
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $84,598
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 10786 Missouri Ave #8

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 4321010001
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off of Santa Monica Blvd and Westwood Blvd
Neighborhood Information
  • Community Features: Urban
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Sale History for 10786 Missouri Ave #8

Last sold on May 25th, 2012
  • August, 2023

  • Aug 30, 2023

    Date

    Active

    CRMLS: SB23162139

    $4,300,000

    Price

  • August, 2023

  • Aug 29, 2023

    Date

    Canceled

    CRMLS: SB23154212

    $4,300,000

    Price

  • Aug 22, 2023

    Date

    Active

    CRMLS: SB23154212

    $4,300,000

    Price

  • Listing provided courtesy of CRMLS

    Assumable Financing Available! 3.6% Interest Rate Fixed Until Feb 1. 2027. Loan is around $1.75M Very rare to find an asset like this in Westwood, one of the most desired pocket of Los Angeles. You will not find a better price/unit or price/sf in the area. 10786 Missouri Ave is a 9 unit trophy asset located in an A+ area. The subject property is priced at $477k/unit and still has room to improve the income. Once rented for market, 10786 Missouri Ave will operate at a 5.37% CAP and 13.3 GRM. This is the ideal asset for any investor looking for cash-flow and appreciation in one of the nicest neighborhoods in Los Angeles. 10786 Missouri Ave is comprised of (2) 2Bed+2Bath (1) 2Bed+1Bath, (5) 1Bed+1Bath and (1) Studio+1Bath units. Three units will be delivered tenant ready. Due to its location, the subject property demands high rents, beneficial to any new buyer. There are 5 tandem parking spots, as well as 2 parking spaces in the rear. Located just minutes away from many shops, restaurants and other entertainment- this is a renter's dream! With a 89 walk score, this property is considered a walker's paradise.

  • May, 2012

  • May 25, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 1993

  • Nov 18, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10786 Missouri Ave #8

Assessed Value (2020): $2,857,619
Year Land Value Improved Value Assessed Value
2020 $1,991,674 $865,945 $2,857,619

Home Value Compared to the Market

This property vs the competition

10786 Missouri Ave #8 is listed 244.28% 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 $772 and this home is listed at $561.5 per/sqft which puts the price per square foot 27.27% lower than the median price per square foot for the city of Los Angeles.

About 10786 Missouri Ave #8

Detailed summary of property

10786 Missouri Ave #8 is a apartment located in Los Angeles, CA 90025 and is currently for sale. This apartment offers 12 bedrooms, 11 bathrooms, roughly 7,658 living square feet, and sits on an approximately 7,430 square foot lot. 10786 Missouri Ave #8 was first listed on ArdentRealEstateGroup.com on August 30, 2023. The homeowner is currently asking $4,300,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 244.28% higher than the median priced home. Local competing homes currently for sale include 1561 S Carmelina Ave, 11938 Dorothy St and 1453 S Beverly Dr. While the average home in Los Angeles, CA is selling in 97 days, 10786 Missouri Ave #8 has a days on market of 186 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 10786 Missouri Ave #8 Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10786 Missouri Ave #8

Public county record property details
Beds
12
Baths
10
Year built
1963
Sq. Ft.
7,658
Lot Size
7,430
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4321-010-001

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$767
Median Sold Price
$1,250,000
Median Sold Price/Sq.Ft.
$733
Total Inventory
104
Median Sale to List Price %
96.53%
Avg Days on Market
25
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (6.67%), Other (6.67%)

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Related Resources to 10786 Missouri Ave #8

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.