1162 Rolland Curtis Pl, Los Angeles, CA 90037
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1162 Rolland Curtis Pl Los Angeles, CA 90037

$1,725,000 Sold Price as of 01/21/2022
  • 11 Beds
  • 5 Baths
  • 4,448 Sq.Ft.
Sold
$1,725,000 Sold Price as of 01/21/2022 Refinance Your Mortgage

Map preview of 1162 Rolland Curtis Pl, Los Angeles, CA 90037

Property Overview: 1162 Rolland Curtis Pl Los Angeles, CA has 11 bedrooms, 5 bathrooms, 4,448 living square feet and 6,004 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale a 5-unit apartment community located at 1162 Rolland CurtisPlace. The subject property offers residents a highly desirable locationthat is walkable to the main campus of University of Southern Californiawhile also providing easy access to all of USC's landmarks, academicbuildings, and entertainment options. Students also benefit from beingapproximately three miles from L.A. Live, Staples Center and numerousother Downtown Los Angeles attractions and amenities.1162 Rolland Curtis Place is situated on a 6,004 square foot parcel andfeatures four two-bedroom units and one three-bedroom townhousestyle unit. Investors will have the opportunity to acquire a property withan ideal unit-mix that caters to USC students that are increasingly seekinghousing south of campus.Given the location and opportunity to increase rental income, 1162 RollandCurtis Place provides an investor with the opportunity to acquire a wellmaintainedbuilding with attractive in-place yield and additional rental upside.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: June 2nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,004
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21112531
City
Los Angeles
County
Los Angeles
Time on Site
884 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,494
  • Total Rent: $1,494
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,731
  • Total Rent: $1,731
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,055
  • Total Rent: $2,055
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.31
  • Gross Scheduled Income: --
  • Net Operating Income: $80,580
  • Gross Operating Income: $121,988
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1162 Rolland Curtis Pl

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5037010008
Location / Neighborhood
Location Information
  • Directions: South of Exposition Boulevard, East of Normandie
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Sale History for 1162 Rolland Curtis Pl

Last leased for $2,500 on April 25th, 2022
  • June, 2022

  • Jun 2, 2022

    Date

    Expired

    CRMLS: 22144723

    $2,299

    Price

  • Apr 8, 2022

    Date

    Active

    CRMLS: 22144723

    $2,299

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled top floor unit located in a great area walking distance to USC! The ready to move in unit has gleaming sunlight throughout, freshly polished hardwood floors, new kitchen cabinets with quartz countertops, and an open floor plan into the kitchen!

  • April, 2022

  • Apr 25, 2022

    Date

    Leased

    CRMLS: 22126049

    $2,500

    Price

  • Feb 8, 2022

    Date

    Active

    CRMLS: 22126049

    $2,595

    Price

  • Listing provided courtesy of CRMLS

  • January, 2022

  • Jan 21, 2022

    Date

    Sold

    CRMLS: 21112531

    $1,725,000

    Price

  • Dec 16, 2021

    Date

    Active

    CRMLS: 21112531

    $1,800,000

    Price

  • December, 2018

  • Dec 2, 2018

    Date

    Expired

    CRMLS: 18313954

    $1,950,000

    Price

  • Jun 7, 2018

    Date

    Withdrawn

    CRMLS: 18313954

    $1,950,000

    Price

  • May 17, 2018

    Date

    Active

    CRMLS: 18313954

    $1,950,000

    Price

  • May 7, 2018

    Date

    Hold

    CRMLS: 18313954

    $1,950,000

    Price

  • Apr 20, 2018

    Date

    Active

    CRMLS: 18313954

    $1,950,000

    Price

  • Apr 16, 2018

    Date

    Withdrawn

    CRMLS: 18313954

    $1,950,000

    Price

  • Feb 15, 2018

    Date

    Active

    CRMLS: 18313954

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    KW Commercial is pleased to present 1162 Rolland Curtis, a 5-unit investment in Los Angeles. The property offers investors a unique and rare opportunity to acquire a stabilized and very manageable investment property in arguably LA's most dynamic and strongest location which is just one block west of South Vermont Avenue and two blocks from USC and Exposition Park.The asset features 4 large two bedroom/ one bath and 1 very large townhouse that consists of 3 bedroom/ 2 bathrooms with patio. Four out of the five units have been completely renovated. In addition to a great unit mix the property is ideally located near a major university USC, and tenants are treated to a fantastic environment just minutes away from world class education, medical facilities ample shopping and dining options.

  • October, 2005

  • Oct 17, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2003

  • Mar 28, 2003

    Date

    Sold (Public Records)

    Public Records

    $325,000

    Price

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Tax History for 1162 Rolland Curtis Pl

Assessed Value (2020): $430,788
Year Land Value Improved Value Assessed Value
2020 $238,370 $192,418 $430,788

Home Value Compared to the Market

This property vs the competition

1162 Rolland Curtis Pl sold on January 21, 2022 for 51.26% higher 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 $404.68 per/sqft which puts the price per square foot 46.4% lower than the current median sale per square foot for the city of Los Angeles.

About 1162 Rolland Curtis Pl

Detailed summary of property

1162 Rolland Curtis Pl is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 11 bedrooms, 5 bathrooms, roughly 4,448 living square feet, and sits on an approximately 6,004 square foot lot. 1162 Rolland Curtis Pl was first listed on ArdentRealEstateGroup.com on December 17, 2021. The homeowner sold the property for $1,725,000. 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 51.26% higher than the current median priced home. Local homes that are currently for sale include 2723 S Budlong Ave, 602 W 40th Pl and 4529 S Vermont Ave. While the average home in Los Angeles, CA is selling in 92 days, 1162 Rolland Curtis 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 1162 Rolland Curtis Pl Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1162 Rolland Curtis Pl

Public county record property details
Beds
11
Baths
6
Year built
1965
Sq. Ft.
4,448
Lot Size
6,003
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
158
APN
5037-010-008

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), 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.