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1344 W 98Th St, Los Angeles, CA 90044
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1344 W 98Th St Los Angeles, CA 90044

$900,000
  • 4 Beds
  • 4 Baths
  • 2,734 Sq.Ft.
For Sale
$900,000 Get Pre-Qualified
Map preview of 1344 W 98Th St, Los Angeles, CA 90044

Property Overview: 1344 W 98Th St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,734 living square feet and 6,256 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: 1344 West 98th is a four-unit value-add South LA property with approx. 52% upside compared to renovated units in the area. Located just north of Century Blvd. and Normandie Ave, the property is approx. 3.0 miles from The Village at Century, SoFi Stadium, Hollywood Park, and The Forum. 1344 West 98th features (4) 1-bdrm. units, across 3 structures, on a 6,256 SF lot zoned LCC3YY. This value-add opportunity is offered at $225,000 per unit and $329 per foot. At projected market rents, 1344 West 98th will stabilize at an 8.12% CAP and 9.44 GRM. Additional property amenities include a community laundry room and (4) 1-car garages that can be converted into ADUs (buyer to verify).

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 13 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 41
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Home details

Lot Sq. Ft
6,256
HOA Dues
$0/mo
Year built
1948
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
24367725
City
Los Angeles
County
Los Angeles
Time on Site
42 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,310
  • Total Rent: $5,240
  • Pro Forma/Market Rent: $8,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.48%
  • Gross Rent Multiplier: 14.2
  • Gross Scheduled Income: --
  • Net Operating Income: $40,350
  • Gross Operating Income: $61,776
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1344 W 98Th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Single Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6056017023
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located one block north of the intersection of Century Blvd. and Normandie Ave, and 0.5 miles from Jesse Owens Park
View more facts & features

Local Los Angeles Agent

Sale History for 1344 W 98Th St

Last sold on May 26th, 2005

  • March, 2024

  • Mar 12, 2024

    Date

    Active

    CRMLS: 24367725

    $900,000

    Price

  • May, 2005

  • May 26, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2003

  • Jul 25, 2003

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

Show More

Tax History for 1344 W 98Th St

Assessed Value (2020): $456,228
Year Land Value Improved Value Assessed Value
2020 $208,002 $248,226 $456,228

Home Value Compared to the Market

This property vs the competition

1344 W 98Th St is listed 27.18% lower 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 $329.19 per/sqft which puts the price per square foot 57.41% lower than the median price per square foot for the city of Los Angeles.

About 1344 W 98Th St

Detailed summary of property

1344 W 98Th St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 2,734 living square feet, and sits on an approximately 6,256 square foot lot. 1344 W 98Th St was first listed on ArdentRealEstateGroup.com on March 20, 2024. The homeowner is currently asking $900,000. 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 27.18% lower than the median priced home. Local competing homes currently for sale include 637 W Century Blvd, 10000 S Gramercy Pl and 1538 W 85th St. While the average home in Los Angeles, CA is selling in 96 days, 1344 W 98Th St has a days on market of 41 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 1344 W 98Th 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 1344 W 98Th St

Public county record property details
Beds
6
Baths
4
Year built
1948
Sq. Ft.
2,734
Lot Size
6,255
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
148
APN
6056-017-023

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
$659,500
Median List Price/Sq.Ft.
$516
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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