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1412 E 109Th St Los Angeles, CA 90059

$565,000 Sold Price as of 10/14/2021

5 Beds
4 Baths
2,467 Sq.Ft.

Sold

$565,000 Sold Price as of 10/14/2021 Refinance Your Mortgage

Map preview of 1412 E 109Th St, Los Angeles, CA 90059

Property Overview: 1412 E 109Th St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,467 living square feet and 3,862 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investment property fully tenant-occupied with immediate cash flow or value add opportunity. This property requires very little maintenance and is within close proximity to the 109th St Recreation Center along with local restaurants.

Listed by Richard Schulman | BRE #01427211 | Keller Williams-Santa Monica
Co-listed by Michael Lease | BRE #02040586 | Keller Williams-Santa Monica

Last checked: 13 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft: 3,862
HOA Dues: $0/mo
Year built: 2007
Garage: 1 Car
Property Type:: Multi Family

Status: Sold
MLS#: 21769044
City: Los Angeles
County: Los Angeles
Time on Site: 1138 days

Multi-Family Unit Breakdown

Unit Mix Summary

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

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,000

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,820
Total Rent: $1,820
Pro Forma/Market Rent: $1,820

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $806
Total Rent: $806
Pro Forma/Market Rent: $806

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $832
Total Rent: $832
Pro Forma/Market Rent: $832

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1412 E 109Th St

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Wall Furnace, Central

Kitchen Information

Has Appliances
Microwave, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 1
# of Parking Spaces: 4
Has Parking
Parking Features: Garage, Uncovered, Gated

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 6070005044

Location / Neighborhood

Location Information

Directions: From Imperial Hwy and Compton Ave go north on Compton Ave and make a left on 109th ST.

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Local Los Angeles Agent

Sale History for 1412 E 109Th St

Last sold for $565,000 on October 14th, 2021

April, 2023
Apr 17, 2023

Date

Price Change

CRMLS: DW14041304

$349,900

Price
Listing provided courtesy of CRMLS

Great investment opportunity... 3900 in cash flow.. Note this home is a SFR and was build for a large family.. This SFR was divided as follows top consist of Single with full kitchen and bathroom then a 3 bedroom 1.5 bath. Bottom is a 4 bedroom 2 bath.. Great home for 1st time buyer or investor taking over the tenants.. Close to schools major hwys and transportation.

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September, 2021
Sep 21, 2021

Date

Active Under Contract

CRMLS: 21769044

$599,000

Price
Sep 7, 2021

Date

Active

CRMLS: 21769044

$599,000

Price
Sep 7, 2021

Date

Active Under Contract

CRMLS: 21769044

$599,000

Price
Aug 16, 2021

Date

Active

CRMLS: 21769044

$599,000

Price
January, 2019
Jan 28, 2019

Date

Expired

CRMLS: 18369862

$600,000

Price
Nov 13, 2018

Date

Withdrawn

CRMLS: 18369862

$600,000

Price
Oct 8, 2018

Date

Price Change

CRMLS: 18369862

$600,000

Price
Sep 22, 2018

Date

Price Change

CRMLS: 18369862

$615,000

Price
Aug 24, 2018

Date

Price Change

CRMLS: 18369862

$630,000

Price
Aug 14, 2018

Date

Active

CRMLS: 18369862

$650,000

Price
Aug 8, 2018

Date

Pending

CRMLS: 18369862

$650,000

Price
Jul 30, 2018

Date

Active

CRMLS: 18369862

$650,000

Price
Listing provided courtesy of CRMLS

Unbeatable Price with over 7% CAP Rate. Total cash cow property that generates $5,300/month in rental income including extra income from the washer/dryer. Recently built in 2007, the property is equipped with two large 3 bed / 2 bath open floor plan units and two 1 bed / 1 bath units. Very low maintenance. Walking distance and in close proximity to the 109th St. Recreation Center, local churches, and restaurants. Perfect for investors.

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February, 2018
Feb 15, 2018

Date

Sold

CRMLS: 18302476

$492,200

Price
Jan 29, 2018

Date

Pending

CRMLS: 18302476

$499,000

Price
Jan 28, 2018

Date

Hold

CRMLS: 18302476

$499,000

Price
Jan 27, 2018

Date

Active

CRMLS: 18302476

$499,000

Price
Jan 17, 2018

Date

Hold

CRMLS: 18302476

$499,000

Price
Jan 11, 2018

Date

Active

CRMLS: 18302476

$499,000

Price
Listing provided courtesy of CRMLS

New unbeatable price with a 8% GRM. Total cash cow property that generates $5125/mo in rental income. Recently built in 2007, the property is equipped with two large 3 BD/2 BA open floor plan units and two 1 BR/1 BA units. Very low maintenance. Walking distance and in close proximity to the 109th St. Recreation Center, local churches, and restaurants. Perfect for investors.

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February, 2018
Feb 13, 2018

Date

Sold (Public Records)

Public Records

$499,000

Price
January, 2018
Jan 11, 2018

Date

Canceled

CRMLS: 17282308

$579,000

Price
Oct 23, 2017

Date

Active

CRMLS: 17282308

$579,000

Price
Listing provided courtesy of CRMLS

Investors don't miss out on this cash cow opportunity. Recently built in 2007, the property is equipped with two large 3 BD/2 BA open floor plan units and two 1 BR/1 BA units. Very low maintenance. Walking distance and in close proximity to the 109th St. Recreation Center, local churches, and restaurants. This property is subject to a cash offer only.

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September, 2017
Sep 13, 2017

Date

Canceled

CRMLS: 17251660

$599,000

Price
Jul 25, 2017

Date

Active

CRMLS: 17251660

$599,000

Price
Listing provided courtesy of CRMLS

This property is a total cash cow. New building built in 2007. The property is equipped with two large open floor plan units with three bedrooms and 2.5 bathrooms each. The other two units are studio units, each with their own bathroom. Very low maintenance. Walking distance and in close proximity to the 109th St. Recreation Center, local churches, and restaurants. This property is subject to a cash offer only, some unpermitted units.

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March, 2016
Mar 3, 2016

Date

Sold (Public Records)

Public Records

--

Price
October, 2011
Oct 9, 2011

Date

Sold

CRMLS: Y1104880

$155,000

Price
Aug 5, 2011

Date

Active

CRMLS: Y1104880

$155,000

Price
Listing provided courtesy of CRMLS

Property is a large 6 bedroom home that is legally a SFR and has been converted into 3 units. Property was built in 2007. Needs cosmetic repairs. Property is well built.

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Tax History for 1412 E 109Th St

Assessed Value (2020): $519,159

Year	Land Value	Improved Value	Assessed Value
2020	$211,825	$307,334	$519,159

Home Value Compared to the Market

This property vs the competition

1412 E 109Th St sold on October 14, 2021 for 46.52% 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 $242.81 per/sqft which puts the price per square foot 66.46% lower than the current median sale per square foot for the city of Los Angeles.

About 1412 E 109Th St

Detailed summary of property

1412 E 109Th St is a multi family that recently sold in Los Angeles, CA 90059. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,467 living square feet, and sits on an approximately 3,862 square foot lot. 1412 E 109Th St was first listed on ArdentRealEstateGroup.com on August 16, 2021. The homeowner sold the property for $565,000. 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 46.52% lower than the current median priced home. Local homes that are currently for sale include 340 W 119th St, 7805 Whitsett Ave and 10409 S Figueroa St. While the average home in Los Angeles, CA is selling in 106 days, 1412 E 109Th St has a days on market of 33 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1412 E 109Th St Los Angeles, CA 90059 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1412 E 109Th St

Public county record property details

Beds: 6
Baths: 4
Year built: 2007
Sq. Ft.: 2,467
Lot Size: 3,862
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 397
APN: 6070-005-044

The source for these homes facts are from public records.

90059 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$580,000

Median List Price/Sq.Ft.

$533

Median Sold Price

$615,000

Median Sold Price/Sq.Ft.

$504

Total Inventory

Median Sale to List Price %

102.52%

Avg Days on Market

Loan Type

Conventional (33.33%), FHA (16.67%), VA (0%), Cash (16.67%), Other (0%)

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(714) 706-1823

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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.