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8900 Baring Cross St, Los Angeles, CA 90044
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8900 Baring Cross St Los Angeles, CA 90044

$2,500,000 Sold Price as of 03/08/2022
  • 30 Beds
  • 12 Baths
  • 9,356 Sq.Ft.
Sold
$2,500,000 Sold Price as of 03/08/2022 Refinance Your Mortgage
Map preview of 8900 Baring Cross St, Los Angeles, CA 90044

Property Overview: 8900 Baring Cross St Los Angeles, CA has 30 bedrooms, 12 bathrooms, 9,356 living square feet and 9,029 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price just reduced $200,000!! We are proud to present our latest investment opportunity located at 8900 Baring Cross. Priced at a current 4.94% Cap Rate, this 11 unit property features strong current cash flow and offers upside of 30% +/- for a new owner! The 9,356 square foot building has a unit mix of one 4 Bed unit, six 3 Bed units, and four 2 Bed units (Property legally 10 units, operated as 11 since before current ownership). The grounds feature onsite laundry facilities and ample parking for tenants.

Listed by Josh Cohen | BRE #01346713 | Keller Williams Beach Cities
Last checked: 12 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 65

Home details

Lot Sq. Ft
9,029
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21256802
City
Los Angeles
County
Los Angeles
Time on Site
948 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $134,820
  • Total Rent: $134,820
  • Pro Forma/Market Rent: $172,800
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $72,216
  • Total Rent: $72,216
  • Pro Forma/Market Rent: $91,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $21,048
  • Total Rent: $21,048
  • Pro Forma/Market Rent: $33,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.13%
  • Gross Rent Multiplier: 11.4
  • Gross Scheduled Income: $222,804
  • Net Operating Income: $128,332
  • Gross Operating Income: --
  • Vacancy Allowance: $5,570
  • Other Income Description: Contact for more inc/exp info
Annual Expense Breakdown
  • Total Operating Expense: $90,235
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $90,235
  • Other Expense Description: Contact

Property Details for 8900 Baring Cross St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 6038018029
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Near Hoover St.
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 8900 Baring Cross St

Last sold for $2,500,000 on March 8th, 2022

  • February, 2022

  • Feb 4, 2022

    Date

    Pending

    CRMLS: SB21256802

    $2,800,000

    Price

  • Nov 30, 2021

    Date

    Active

    CRMLS: SB21256802

    $2,800,000

    Price

  • August, 2004

  • Aug 31, 2004

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

Show More

Tax History for 8900 Baring Cross St

Assessed Value (2020): $1,083,364
Year Land Value Improved Value Assessed Value
2020 $813,163 $270,201 $1,083,364

Home Value Compared to the Market

This property vs the competition

8900 Baring Cross St sold on March 8, 2022 for 104.08% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $277.9 per/sqft which puts the price per square foot 64.87% lower than the current median sale per square foot for the city of Los Angeles.

About 8900 Baring Cross St

Detailed summary of property

8900 Baring Cross St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 30 bedrooms, 12 bathrooms, roughly 9,356 living square feet, and sits on an approximately 9,029 square foot lot. 8900 Baring Cross St was first listed on ArdentRealEstateGroup.com on November 30, 2021. The homeowner sold the property for $2,500,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 104.08% higher than the current median priced home. Local homes that are currently for sale include 2321 Hooper Ave, 2720 Brighton Ave and 1470 W Adams Blvd. While the average home in Los Angeles, CA is selling in 100 days, 8900 Baring Cross St has a days on market of 65 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 8900 Baring Cross 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 8900 Baring Cross St

Public county record property details
Beds
19
Baths
12
Year built
1963
Sq. Ft.
9,356
Lot Size
9,029
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
49,50
APN
6038-018-029

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
$685,000
Median List Price/Sq.Ft.
$527
Median Sold Price
$679,999
Median Sold Price/Sq.Ft.
$540
Total Inventory
89
Median Sale to List Price %
101.64%
Avg Days on Market
21
Loan Type
Conventional (22.22%), FHA (55.56%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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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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