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711 W 90th St, Los Angeles, CA 90044
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711 W 90th St Los Angeles, CA 90044

$1,600,000 Sold Price as of 11/23/2020
  • 12 Beds
  • 6 Baths
  • 3,746 Sq.Ft.
Sold
$1,600,000 Sold Price as of 11/23/2020 Refinance Your Mortgage
Map preview of 711 W 90th St, Los Angeles, CA 90044

Property Overview: 711 W 90th St Los Angeles, CA has 12 bedrooms, 6 bathrooms, 3,746 living square feet and 5,864 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON THE MARKET! BUYER COULDN'T PERFORM! HUGE PRICE REDUCTION!!!! OWNER WANTS IT SOLD!!!! WONT LAST!!!! HIGH CASH FLOW!!!! Currently yielding $128,400 in gross scheduled income. 100% newer sewer line on both buildings all the way to the city's main. Brand new roof sheathing, and new composition roof on both buildings. All newer cooper plumbing for the water, newer gas lines, and newer abs drainage for all the plumbing on both buildings. All newer electrical including receptacles, all LED lighting fixtures interior and exterior, sub panels for both buildings and one electrical main box all metered. Interior walls on both buildings have brand newer fire rated drywall. One building has newer exterior stucco. Flooring for all units have 100% ceramic flooring throughout entire unit. Security gates were added and had existing heightened all the way around the property. Each apartment has a newer kitchen and bathroom with new cabinets and granite counter tops in kitchen and white stone in bathrooms. The following appliances are also included in each apartment (Recently purchased washer and dryer, refrigerator, stone with oven, and over the head microwave). Hot water runs consistently with new tank less water heaters on all units.

Listed by Katrina Eldridge | BRE #01374471 | HomeSmart Realty Group
Last checked: 9 minutes ago | Last updated: June 20th, 2023 | Source CRMLS | DOM: 126

Home details

Lot Sq. Ft
5,864
HOA Dues
$0/mo
Year built
1923
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
IN20097135
City
Los Angeles
County
Los Angeles
Time on Site
1356 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,925
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,525
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,425
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $128,400
  • Net Operating Income: $96,620
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,500
  • Electric: $900
  • New Taxes: $25,080
  • Trash: $1,200
  • Insurance: $3,000
  • Professional Management: $0
  • Water/Sewer: $1,600

Property Details for 711 W 90th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Dryer Included, In Kitchen, Stackable, Washer Included
Kitchen Information
  • Has Appliances
  • Free-Standing Range, Refrigerator, Tankless Water Heater
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Carport, Garage Faces Side, Garage - Single Door
Lot Information
  • Lot Features: 2-5 Units/Acre, Corner Lot, No Landscaping
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 6038015050
  • Year Built Source: Public Records
  • Property is Attached
  • Offered With Property: Washer & dryer, refrigerator, stove, garbage disposal, microwave in each unit.
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Not Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Corner of Hoover St and 90th St
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 711 W 90th St

Last sold for $1,600,000 on November 23rd, 2020

  • June, 2023

  • Jun 20, 2023

    Date

    Canceled

    CRMLS: 23238547

    $1,699,000

    Price

  • Feb 1, 2023

    Date

    Active

    CRMLS: 23238547

    $1,849,000

    Price

  • Listing provided courtesy of CRMLS

    Price Improvement!! Amazing opportunity to acquire a recently upgraded and stabilized five unit building in South Los Angeles, with upside remaining on rents. Spanning two structures on a huge corner lot, this property is comprised of two 3-bed units, three 2-bed units, as well as three attached garages. Ideally situated across the street from the Algin Sutton Recreation Center, a beautiful park, this property presents a stable unit mix and in-demand location that will command rising rents for the foreseeable future. Less than 3 miles to SoFi Stadium, 6 miles to the Crypto.com Arena, 7 miles to LAX, and 8 miles to Dodger Stadium, this centrally located asset provides tenants with easy commute and access to the whole of Southern California via nearby 110, 105 and 10 freeways. Recently upgraded, each apartment has a newer kitchen newer cabinets and granite countertops, newer bathroom with white-stone, as well as durable and hypoallergenic ceramic flooring. Additional improvements include newer composition roofs, copper plumbing, gas lines, abs drainage, sewer lines, electrical sub panel and main box upgrades, LED lighting fixtures throughout interior and exterior, and tankless water heaters for all units. This property presents a tremendous opportunity to piggyback on the recent renovations to capture market rate leases and maximize return. Additionally, there may be an opportunity to further maximize investment by adding an ADU for an additional stream of income and equity addition (buyer to verify).

  • November, 2020

  • Nov 24, 2020

    Date

    Sold

    CRMLS: IN20097135

    $1,600,000

    Price

  • Oct 14, 2020

    Date

    Pending

    CRMLS: IN20097135

    $1,649,999

    Price

  • Sep 21, 2020

    Date

    Active

    CRMLS: IN20097135

    $1,649,999

    Price

  • Sep 10, 2020

    Date

    Pending

    CRMLS: IN20097135

    $1,649,999

    Price

  • Jul 20, 2020

    Date

    Price Change

    CRMLS: IN20097135

    $1,649,999

    Price

  • Jun 16, 2020

    Date

    Price Change

    CRMLS: IN20097135

    $1,699,000

    Price

  • May 21, 2020

    Date

    Active

    CRMLS: IN20097135

    $1,850,000

    Price

  • November, 2020

  • Nov 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

  • July, 2018

  • Jul 25, 2018

    Date

    Sold

    CRMLS: DW18055885

    $1,540,000

    Price

  • May 19, 2018

    Date

    Pending

    CRMLS: DW18055885

    $1,599,000

    Price

  • May 11, 2018

    Date

    Withdrawn

    CRMLS: DW18055885

    $1,599,000

    Price

  • May 4, 2018

    Date

    Price Change

    CRMLS: DW18055885

    $1,599,000

    Price

  • Apr 26, 2018

    Date

    Active

    CRMLS: DW18055885

    $1,659,000

    Price

  • Apr 25, 2018

    Date

    Withdrawn

    CRMLS: DW18055885

    $1,659,000

    Price

  • Apr 22, 2018

    Date

    Price Change

    CRMLS: DW18055885

    $1,659,000

    Price

  • Apr 12, 2018

    Date

    Active

    CRMLS: DW18055885

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    High cash flow!!! Currently yielding $154,800.00 in gross scheduled income, and $104,836.00 in net operating income and being 100 % occupied with all tenants on a minimum one year lease. Don't forget to check click on video tab to see drone video !! The following is a brief description on some of the renovations done, 100% new sewer line on both buildings all the way to the city's main. Brand new roof sheathing, and new composition roof on both building. All new cooper plumbing for the water, new gas lines, and new abs drainage for all the plumbing on both buildings. All new electrical including receptacles, all LED lighting fixtures interior and exterior, sub panels for both buildings and one electrical main box all metered. Interior walls on both buildings have brand new fire rated drywall. One building has new exterior stucco. Flooring for all units have 100% ceramic flooring throughout entire unit. Security Gates were added and had existing heightened all the way around the property. Each apartment has a new kitchen and bathroom with new cabinets and granite counter tops in kitchen and white stone in bathrooms. The following appliances are also included in each apartment (Recently purchased Washer and dryer, refrigerator, stove with oven, and over the head microwave.) Hot water runs consistently with new tank less water heaters on all units.

  • July, 2018

  • Jul 24, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,540,000

    Price

  • September, 2017

  • Sep 9, 2017

    Date

    Sold

    CRMLS: 17220318

    $575,000

    Price

  • Jun 8, 2017

    Date

    Pending

    CRMLS: 17220318

    $604,250

    Price

  • Jun 5, 2017

    Date

    Price Change

    CRMLS: 17220318

    $604,250

    Price

  • May 3, 2017

    Date

    Pending

    CRMLS: 17220318

    $499,000

    Price

  • Apr 13, 2017

    Date

    Active

    CRMLS: 17220318

    $499,000

    Price

  • Listing provided courtesy of CRMLS

    Probate Sale, subject to Court confirmation, and overbidding in Court. The asking price is the 1st minimum overbid price for the subject property. Court confirmation is scheduled for Thursday, June 08th, 2017 at 8:30am in Dept. 79, at the LA Superior Court, Stanley Mosk Courthouse in Downtown LA. All interested over-bidders must bring a cashier's check in the amount of $60,425.00, payable to the "Jeffrey Siegel, Temporary Conservator of David Hickman" per Probate Court Case No. 16STPB00772, to the Court to qualify to overbid. Property sold "AS- IS" and "WHERE IS", with open code violations and subject to notices recorded on the title by the City of Los Angeles of Substandard property, under REAP, and Notice of temporary vacant and secured rental units. EMAIL listing agent for copy of the prelim. Buyer to conduct their own investigations. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property.

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Tax History for 711 W 90th St

Assessed Value (2020): $1,577,920
Year Land Value Improved Value Assessed Value
2020 $1,224,000 $353,920 $1,577,920

Home Value Compared to the Market

This property vs the competition

711 W 90th St sold on November 23, 2020 for 47.32% higher 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 $440.47 per/sqft which puts the price per square foot 39.16% lower than the current median sale per square foot for the city of Los Angeles.

About 711 W 90th St

Detailed summary of property

711 W 90th St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 3,746 living square feet, and sits on an approximately 5,864 square foot lot. 711 W 90th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,600,000. 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 47.32% higher than the current median priced home. Local homes that are currently for sale include 735 E 82nd St, 6209 S Hoover St and 907 E 88th St. While the average home in Los Angeles, CA is selling in 105 days, 711 W 90th St has a days on market of 126 days. There are currently 4185 homes for sale in the Los Angeles real estate market and 2867 of them are single family homes while 1195 of them are condos and 116 are townhomes. For more information on this home for sale at 711 W 90th 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 711 W 90th St

Public county record property details
Beds
13
Baths
7
Year built
1923
Sq. Ft.
3,746
Lot Size
5,864
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
96
APN
6038-015-050

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.
$521
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
97
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

Thinking of Selling?

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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.

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