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8445 Willis, Los Angeles, CA 91402
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8445 Willis Los Angeles, CA 91402

$1,488,000 Sold Price as of 05/15/2019
  • 12 Beds
  • 8 Baths
  • 5,068 Sq.Ft.
Sold
$1,488,000 Sold Price as of 05/15/2019 Refinance Your Mortgage
Map preview of 8445 Willis, Los Angeles, CA 91402

Property Overview: 8445 Willis Los Angeles, CA has 12 bedrooms, 8 bathrooms, 5,068 living square feet and 5,105 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: THE NEW CONSTRUCTION EXPERTS are pleased to present this 2016 newer construction 4 unit building on the CORNER of Willis and Chase. Vibrant area near Roscoe blvd. Fantastic new building the performs great and has great tenants with a large upside in rents as its NON rent control. Please do not talk or walk the property as tenants are not aware of the sale.Broker/Agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use code, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.

Listed by Ilan Rozenfeld | BRE #01257598 | Power Brokers International
Co-listed by Don Greene | BRE #01174401 | Sotheby's International Realty
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
5,105
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19446740
City
Los Angeles
County
Los Angeles
Time on Site
1200 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,163
  • Total Rent: $2,163
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,163
  • Total Rent: $2,163
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,163
  • Total Rent: $2,163
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 14.8
  • Gross Scheduled Income: --
  • Net Operating Income: $78,201
  • Gross Operating Income: $104,268
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8445 Willis

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • Gas Water Heater, None
Interior Features
  • Security Features: Fire Sprinkler System, Security Lights, Gated Community
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
Location / Neighborhood
Location Information
  • Directions: Corner of Willis and Chase, North of Roscoe
View more facts & features

Local Los Angeles Agent

Sale History for 8445 Willis

Last sold for $1,488,000 on May 15th, 2019

  • May, 2019

  • May 17, 2019

    Date

    Sold

    CRMLS: 19446740

    $1,488,000

    Price

  • Apr 19, 2019

    Date

    Active Under Contract

    CRMLS: 19446740

    $1,545,000

    Price

  • Apr 6, 2019

    Date

    Active

    CRMLS: 19446740

    $1,545,000

    Price

  • Apr 2, 2019

    Date

    Active Under Contract

    CRMLS: 19446740

    $1,545,000

    Price

  • Mar 22, 2019

    Date

    Active

    CRMLS: 19446740

    $1,545,000

    Price

Tax History for 8445 Willis

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

8445 Willis sold on May 15, 2019 for 47.14% 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 $304.85 per/sqft which puts the price per square foot 58.69% lower than the current median sale per square foot for the city of Los Angeles.

About 8445 Willis

Detailed summary of property

8445 Willis is a multi family that recently sold in Los Angeles, CA 91402. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 5,068 living square feet, and sits on an approximately 5,105 square foot lot. 8445 Willis was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,488,000. 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 47.14% higher than the current median priced home. Local homes that are currently for sale include 847 N Cherokee Ave, 6091 Harold Way and 2300 S Bentley Ave. While the average home in Los Angeles, CA is selling in 97 days, 8445 Willis has a days on market of 28 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 8445 Willis Los Angeles, CA 91402 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8445 Willis

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

91402 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$699,900
Median List Price/Sq.Ft.
$460
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$431
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
25
Loan Type
Conventional (71.43%), FHA (7.14%), VA (0%), Cash (7.14%), Other (7.14%)

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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