6653 W 86th Pl, Los Angeles, CA 90045
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6653 W 86th Pl Los Angeles, CA 90045

$6,610,000 Sold Price as of 07/19/2021
  • 19 Beds
  • 21 Baths
  • 14,706 Sq.Ft.
Sold
$6,610,000 Sold Price as of 07/19/2021 Refinance Your Mortgage

Map preview of 6653 W 86th Pl, Los Angeles, CA 90045

Property Overview: 6653 W 86th Pl Los Angeles, CA has 19 bedrooms, 21 bathrooms, 14,706 living square feet and 14,296 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6653 W 86th Pl is an 18-unit building located in the desirable Westchester submarket in Los Angeles. The building was constructed in 1979 and is not subject to LA Rent Control or require a Soft-Story Retrofit. The property consists of a 14,706 SF building situated on a large 14,296 SF street-to-street lot. 6653 W 86th offers a unit mix of (4) 2-bed/2-bath units, (10) 1-bed/1-bath units & (4) studio units. All units include a garage parking space, storage, and access to the on-site laundry facilities, 14 of the 18 units have been updated in recent years. Located in one of the least traded rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset with strong in-place income.

Listed by Brett Lyon | BRE #01717818 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by J.Woody Stahl | BRE #01399621 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 3 minutes ago | Last updated: March 18th, 2024 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
14,296
HOA Dues
$0/mo
Year built
1979
Garage
28 Car
Property Type:
Apartment
Status
Sold
MLS#
SB21048203
City
Los Angeles
County
Los Angeles
Time on Site
1145 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
  • # of Leased Units: 18
  • # of Electric Meters: 18
  • # of Gas Meters: 18
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $300
  • Total Rent: $300
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,364
  • Total Rent: $1,364
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 9
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,523
  • Total Rent: $2,523
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 13
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,610
  • Total Rent: $1,610
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.93%
  • Gross Rent Multiplier: 15.87
  • Gross Scheduled Income: $399,468
  • Net Operating Income: $237,652
  • Gross Operating Income: $379,495
  • Vacancy Allowance: $19,973
Annual Expense Breakdown
  • Total Operating Expense: $141,842
  • New Taxes: $88,403
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $5,882
  • Maintenance: $11,984
  • Professional Management: $19,973
  • Water/Sewer: $0
  • Other Expenses: $14,400
  • Other Expense Description: Utility

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Property Details for 6653 W 86th Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Security
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 28
  • # of Parking Spaces: 28
  • Has Parking
  • Parking Features: Tandem Garage
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 18
  • Parcel Number: 4122014024
  • Year Built Source: Assessor
  • Property is 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: Located at 6653 W 86th Pl in Los Angeles.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 6653 W 86th Pl

Last leased for $1,750 on March 18th, 2024
  • March, 2024

  • Mar 18, 2024

    Date

    Leased

    CRMLS: SB24011195

    $1,750

    Price

  • Jan 18, 2024

    Date

    Active

    CRMLS: SB24011195

    $1,895

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to this second floor studio in the Westchester neighborhood of Los Angeles! This light and bright updated unit features high ceilings, decorative fireplace, a sun-filled balcony, and laminate flooring throughout (no carpet!). The kitchen comes equipped with a stainless steel gas stove, sleek quartz tile countertops, plus plenty of cabinetry. It features spacious mirrored closets and blinds for your privacy and comfort. Enjoy the ease of using an on-site laundry in this secure building. Located near LAX, Westchester Golf course, Loyola Marymount University and all the shops Sepulveda Blvd has to offer. Schedule a showing today!

  • January, 2024

  • Jan 25, 2024

    Date

    Leased

    CRMLS: SB23228950

    $2,050

    Price

  • Dec 21, 2023

    Date

    Active

    CRMLS: SB23228950

    $2,050

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to this first floor, 1 bedroom 1 bathroom apartment in the Westchester neighborhood of Los Angeles! This light and bright unit features a decorative fireplace and a sun-filled balcony. The kitchen comes equipped with a gas stove and dishwasher and plenty of cabinetry. Bedroom features an spacious mirrored closet and blinds for your privacy and comfort. Enjoy the convenience of on-site laundry in this secure building. Located near LAX, Westchester Golf course, Loyola Marymount University and all the shops Sepulveda Blvd has to offer.

  • January, 2024

  • Jan 9, 2024

    Date

    Leased

    CRMLS: SB23228936

    $2,995

    Price

  • Dec 21, 2023

    Date

    Active

    CRMLS: SB23228936

    $2,995

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to this second floor, 2 bedroom 1.75 bathroom apartment in the Westchester neighborhood of Los Angeles! This light and bright updated unit features a living room with high ceilings, decorative fireplace, a sun-filled balcony, and laminate flooring throughout (no carpet!). The kitchen comes equipped with a stainless steel gas stove and dishwasher, sleek quartz tile countertops, plus plenty of cabinetry. Bedrooms features spacious mirrored closets and blinds for your privacy and comfort. The primary bedroom includes an en-suite bathroom for added convenience. Enjoy the ease of using an on-site laundry in this secure building. Located near LAX, Westchester Golf course, Loyola Marymount University and all the shops Sepulveda Blvd has to offer.

  • December, 2023

  • Dec 29, 2023

    Date

    Expired

    CRMLS: SB23230707

    $1,950

    Price

  • Dec 28, 2023

    Date

    Active

    CRMLS: SB23230707

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to this second floor studio in the Westchester neighborhood of Los Angeles! This light and bright updated unit features high ceilings, decorative fireplace, a sun-filled balcony, and laminate flooring throughout (no carpet!). The kitchen comes equipped with a stainless steel gas stove and dishwasher, sleek quartz tile countertops, plus plenty of cabinetry. It features spacious mirrored closets and blinds for your privacy and comfort. Enjoy the ease of using an on-site laundry in this secure building. Located near LAX, Westchester Golf course, Loyola Marymount University and all the shops Sepulveda Blvd has to offer.

  • July, 2021

  • Jul 19, 2021

    Date

    Sold

    CRMLS: SB21048203

    $6,610,000

    Price

  • Jun 9, 2021

    Date

    Pending

    CRMLS: SB21048203

    $6,750,000

    Price

  • May 5, 2021

    Date

    Active Under Contract

    CRMLS: SB21048203

    $6,750,000

    Price

  • Apr 8, 2021

    Date

    Price Change

    CRMLS: SB21048203

    $6,750,000

    Price

  • Mar 8, 2021

    Date

    Active

    CRMLS: SB21048203

    $7,195,000

    Price

  • October, 2015

  • Oct 1, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 6653 W 86th Pl

Assessed Value (2020): $1,490,507
Year Land Value Improved Value Assessed Value
2020 $1,082,432 $408,075 $1,490,507

Home Value Compared to the Market

This property vs the competition

6653 W 86th Pl sold on July 19, 2021 for 542.86% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $459 per/sqft which puts the price per square foot 37.81% lower than the current median sale per square foot for the city of Los Angeles.

About 6653 W 86th Pl

Detailed summary of property

6653 W 86th Pl is a apartment that recently sold in Los Angeles, CA 90045. This apartment offered 19 bedrooms, 21 bathrooms, roughly 14,706 living square feet, and sits on an approximately 14,296 square foot lot. 6653 W 86th Pl was first listed on ArdentRealEstateGroup.com on March 8, 2021. The homeowner sold the property for $6,610,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 542.86% higher than the current median priced home. Local homes that are currently for sale include 1042 Wilcox Ave, 1627 N Poinsettia Pl and 201 N Normandie Ave. While the average home in Los Angeles, CA is selling in 97 days, 6653 W 86th Pl has a days on market of 58 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 6653 W 86th Pl Los Angeles, CA 90045 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6653 W 86th Pl

Public county record property details
Beds
18
Baths
--
Year built
1979
Sq. Ft.
14,706
Lot Size
14,295
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
4122-014-024

The source for these homes facts are from public records.

90045 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,650,000
Median List Price/Sq.Ft.
$876
Median Sold Price
$1,340,000
Median Sold Price/Sq.Ft.
$835
Total Inventory
92
Median Sale to List Price %
99.26%
Avg Days on Market
27
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (15.79%), Other (21.05%)

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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.