1125 S Lake St, Los Angeles, CA 90006
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1125 S Lake St Los Angeles, CA 90006

$968,000
  • 9 Beds
  • 4 Baths
  • 4,117 Sq.Ft.
For Sale
$968,000 Get Pre-Qualified

Map preview of 1125 S Lake St, Los Angeles, CA 90006

Property Overview: 1125 S Lake St Los Angeles, CA has 9 bedrooms, 4 bathrooms, 4,117 living square feet and 8,579 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: BACK TO MARKET DownTown LA Area Welcome to this fantastic investment opportunity in the sought-after 90006 zip code This well-maintained residential income property boasts four spacious units, making it an ideal choice for both seasoned investors and those looking to start their real estate portfolio. Existing Floorplan 1st Floor: 1 unit (1/1) 2nd Floor: 2 units (2/1, 3/1) 3rd Floor: 1 unit (3/1) Living space 4,117 Lot size 8,579 Zoning R4 Currently, 1 tenant occupies a partial area of the 1st floor, there are plans/permits almost approved for a conversion of the 1st floor into 4 units utilizing the same footprint, for a total  of 7-units.

Listed by Pablo Aspiazu | BRE #01446520 | Homequest Real Estate
Last checked: 13 minutes ago | Last updated: April 28th, 2024 | Source CRMLS | DOM: 218
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Home details

Lot Sq. Ft
8,579
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
PW23175818
City
Los Angeles
County
Los Angeles
Time on Site
221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $555
  • Total Rent: $555
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,144
  • Total Rent: $1,144
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $776
  • Total Rent: $776
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $943
  • Total Rent: $943
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $40,253
  • Net Operating Income: $23,563
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $16,689
  • Electric: $1,133
  • Gas/Fuel: $0
  • Trash: $284
  • Gardener: $1,280
  • Insurance: $2,195
  • Maintenance: $3,632
  • Professional Management: $2,872
  • Water/Sewer: $1,150

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Property Details for 1125 S Lake St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5136017013
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: S Olympic / Between Hooper and Alvarado
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

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Sale History for 1125 S Lake St

Last sold on June 15th, 2018
  • September, 2023

  • Sep 29, 2023

    Date

    Active

    CRMLS: PW23175818

    $1,200,000

    Price

  • June, 2018

  • Jun 15, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2018

  • May 17, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1125 S Lake St

Assessed Value (2020): $811,822
Year Land Value Improved Value Assessed Value
2020 $530,390 $281,432 $811,822

Home Value Compared to the Market

This property vs the competition

1125 S Lake St is listed 21.62% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $235.12 per/sqft which puts the price per square foot 69.62% lower than the median price per square foot for the city of Los Angeles.

About 1125 S Lake St

Detailed summary of property

1125 S Lake St is a fourplex located in Los Angeles, CA 90006 and is currently for sale. This fourplex offers 9 bedrooms, 4 bathrooms, roughly 4,117 living square feet, and sits on an approximately 8,579 square foot lot. 1125 S Lake St was first listed on ArdentRealEstateGroup.com on September 30, 2023. The homeowner is currently asking $968,000 and was originally asking $1,200,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.62% lower than the median priced home. Local competing homes currently for sale include 1411 Menlo Ave, 1826 S Bonnie Brae St and 1256 W 22nd St. While the average home in Los Angeles, CA is selling in 94 days, 1125 S Lake St has a days on market of 218 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1125 S Lake St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1125 S Lake St

Public county record property details
Beds
13
Baths
5
Year built
1905
Sq. Ft.
4,117
Lot Size
8,579
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5136-017-013

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$611
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
36
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Related Resources to 1125 S Lake St

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.