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1325 W 87Th St #1 Los Angeles, CA 90044

$810,000 Sold Price as of 08/18/2020

21 Beds
11 Baths
3,275 Sq.Ft.

Sold

$810,000 Sold Price as of 08/18/2020 Refinance Your Mortgage

Map preview of 1325 W 87Th St #1, Los Angeles, CA 90044

Property Overview: 1325 W 87Th St #1 Los Angeles, CA has 21 bedrooms, 11 bathrooms, 3,275 living square feet and 6,085 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LOCATION! LOCATION! AND CASH FLOW!!! This Fourplex is with established tenants in place. The subject consist of 4 units attached. All 4 units will be delivered occupied (Great tenants!), not pro-forma. Each unit features 2 bedrooms and 1 bathroom. Units have washer and dryer hook ups. There is a s a single converted garage may not be permitted. 4 parking spaces plus 3 car garages, accessible from the alley. Centrally located to schools, public transit, 110 and the 105 freeway. Less than 3 miles from Hollywood Park. Minutes away from downtown Los Angeles, USC Village and much more. Definitely a great hold for any investor or developer. Do not disturb tenants. Buyer to verify all information herein.Great investment and cash flow. Low expenses, Seller is doing 1031 Exchange not expenses to the buyer

Listed by Patricia Malik | BRE #01722589 | Coldwell Banker Gene Armstrong

Last checked: 14 minutes ago | Last updated: March 19th, 2023 | Source CRMLS | DOM: 315

Home details

Lot Sq. Ft: 6,085
HOA Dues: $0/mo
Year built: 1965
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19456118
City: Los Angeles
County: Los Angeles
Time on Site: 1346 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,250
Total Rent: $1,250
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 3
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,350
Total Rent: $1,350
Pro Forma/Market Rent: $1,500

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,250
Total Rent: $1,250
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 4
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,500

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $800
Total Rent: $800
Pro Forma/Market Rent: $800

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.4%
Gross Rent Multiplier: 13
Gross Scheduled Income: --
Net Operating Income: $48,812
Gross Operating Income: $69,000

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1325 W 87Th St #1

Interior Features

Heating Information

Has Heating
Electric

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 7
Has Parking
Parking Features: Attached Carport

Property Information

Total # of Units: 4
Parcel Number: 6047001016

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: between Normandie and Vermont

View more facts & features

Local Los Angeles Agent

Sale History for 1325 W 87Th St #1

Last sold for $810,000 on August 18th, 2020

August, 2020
Aug 19, 2020

Date

Sold

CRMLS: 19456118

$810,000

Price
Mar 4, 2020

Date

Pending

CRMLS: 19456118

$884,000

Price
May 20, 2019

Date

Price Change

CRMLS: 19456118

$884,000

Price
Apr 23, 2019

Date

Active

CRMLS: 19456118

$899,000

Price
August, 2020
Aug 18, 2020

Date

Sold (Public Records)

Public Records

$810,000

Price
May, 2010
May 24, 2010

Date

Sold (Public Records)

Public Records

$369,000

Price

Tax History for 1325 W 87Th St #1

Assessed Value (2020): $435,516

Year	Land Value	Improved Value	Assessed Value
2020	$342,280	$93,236	$435,516

Home Value Compared to the Market

This property vs the competition

1325 W 87Th St #1 sold on August 18, 2020 for 21.07% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $269.92 per/sqft which puts the price per square foot 62.72% lower than the current median sale per square foot for the city of Los Angeles.

About 1325 W 87Th St #1

Detailed summary of property

1325 W 87Th St #1 is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 21 bedrooms, 11 bathrooms, roughly 3,275 living square feet, and sits on an approximately 6,085 square foot lot. 1325 W 87Th St #1 was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $810,000. Home 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 21.07% lower than the current median priced home. Local homes that are currently for sale include 1811 W 94th St, 940 W 76th St and 635 W 82nd St. While the average home in Los Angeles, CA is selling in 106 days, 1325 W 87Th St #1 has a days on market of 315 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. For more information on this home for sale at 1325 W 87Th St #1 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 1325 W 87Th St #1

Public county record property details

Beds: 8
Baths: 4
Year built: 1965
Sq. Ft.: 3,275
Lot Size: 6,085
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 72
APN: 6047-001-016

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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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.