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814 E 97Th St, Los Angeles, CA 90002
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814 E 97Th St Los Angeles, CA 90002

$999,000 Sold Price as of 08/17/2023
  • 19 Beds
  • 10 Baths
  • 3,140 Sq.Ft.
Sold
$999,000 Sold Price as of 08/17/2023 Refinance Your Mortgage
Map preview of 814 E 97Th St, Los Angeles, CA 90002

Property Overview: 814 E 97Th St Los Angeles, CA has 19 bedrooms, 10 bathrooms, 3,140 living square feet and 4,803 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This prime 4-unit building is rare, with four 2-bedroom, 1-bathroom apartments on a 4,800 sq ft lot. The current owners took pride in ownership. Some systems are updated and easily understood. Let's talk about location, location, location! Just steps away from landmarks and attractions like the Baldwin Hills Crenshaw Plaza shopping and dining, Watts Towers, Exposition Park, The Forum, Los Angeles Memorial Coliseum, and USC. Plus, they have a wide range of delicious cuisine, from mouth-watering Mexican to soul food and tasty Korean cuisine. Plenty of places to relax and unwind, with parks like Ted Watkins Memorial Park, Will Rogers Memorial Park, and South Park just a stone's throw away. Off-street tenant parking and easy access to all the fun and excitement South Los Angeles offers. This one won't last long.

Listed by Glenn Shelhamer | BRE #01950995 | The Shelhamer Real Estate Group
Co-listed by Kelsea Smith | BRE #02113548 | The Shelhamer Real Estate Group
Last checked: 1 minute ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
4,803
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23276405
City
Los Angeles
County
Los Angeles
Time on Site
337 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,087
  • Total Rent: $1,087
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,087
  • Total Rent: $1,087
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1
  • Total Rent: $1
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,212
  • Total Rent: $1,212
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 1
  • Gross Scheduled Income: --
  • Net Operating Income: $1
  • Gross Operating Income: $1
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 814 E 97Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Combination
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 4
  • Parcel Number: 6050022004
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Follow your feet.
View more facts & features

Local Los Angeles Agent

Sale History for 814 E 97Th St

Last sold for $999,000 on August 17th, 2023

  • August, 2023

  • Aug 17, 2023

    Date

    Sold

    CRMLS: 23276405

    $999,000

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: 23276405

    $989,000

    Price

  • June, 2023

  • Jun 2, 2023

    Date

    Canceled

    CRMLS: 23260661

    $1,195,000

    Price

  • Apr 15, 2023

    Date

    Active

    CRMLS: 23260661

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Attention investors! Super clean building smoking hot 5.81% CAP or 12.43 GRM with a projected 8.9% market cap or 8.81 GRM. If you're looking for a cash cow in the heart of South Los Angeles, you've come to the right place! This prime 4-unit building is rare, with four 2-bedroom, 1-bathroom apartments on a 4,800 sq ft lot. The current owners took pride in ownership. Very clean and easy to understand. Two units were rented out under the Section 8 program. Let's talk about location, location, location! Your tenants are just steps away from landmarks and attractions like the Baldwin Hills Crenshaw Plaza shopping and dining, Watts Towers, Exposition Park, The Forum, Los Angeles Memorial Coliseum, and USC. Plus, they have a wide range of delicious cuisine, from mouth-watering Mexican to soul food and tasty Korean cuisine. Plenty of places to relax and unwind, with parks like Ted Watkins Memorial Park, Will Rogers Memorial Park, and South Park just a stone's throw away. Off-street tenant parking and easy access to all the fun and excitement South Los Angeles offers. This one won't last long.

  • March, 1995

  • Mar 27, 1995

    Date

    Sold (Public Records)

    Public Records

    $185,000

    Price

  • April, 1994

  • Apr 5, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 814 E 97Th St

Assessed Value (2020): $284,107
Year Land Value Improved Value Assessed Value
2020 $138,214 $145,893 $284,107

Home Value Compared to the Market

This property vs the competition

814 E 97Th St sold on August 17, 2023 for 16.89% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $314.97 per/sqft which puts the price per square foot 58.28% lower than the current median sale per square foot for the city of Los Angeles.

About 814 E 97Th St

Detailed summary of property

814 E 97Th St is a multi family that recently sold in Los Angeles, CA 90002. This multi family property offered 19 bedrooms, 10 bathrooms, roughly 3,140 living square feet, and sits on an approximately 4,803 square foot lot. 814 E 97Th St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $999,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 16.89% lower than the current median priced home. Local homes that are currently for sale include 136-138 E 84th St, 1624 E 109th St and 9009 Beach St. While the average home in Los Angeles, CA is selling in 94 days, 814 E 97Th St has a days on market of 49 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 814 E 97Th St Los Angeles, CA 90002 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 814 E 97Th St

Public county record property details
Beds
8
Baths
4
Year built
1960
Sq. Ft.
3,140
Lot Size
4,803
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
34
APN
6050-022-004

The source for these homes facts are from public records.

90002 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$479
Median Sold Price
$595,000
Median Sold Price/Sq.Ft.
$497
Total Inventory
37
Median Sale to List Price %
101.02%
Avg Days on Market
26
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (16.67%), Other (8.33%)

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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