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907 E 109Th Pl, Los Angeles, CA 90059
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907 E 109Th Pl Los Angeles, CA 90059

$632,500 Sold Price as of 09/26/2023
  • 5 Beds
  • 3 Baths
  • 1,952 Sq.Ft.
Sold
$632,500 Sold Price as of 09/26/2023 Refinance Your Mortgage
Map preview of 907 E 109Th Pl, Los Angeles, CA 90059

Property Overview: 907 E 109Th Pl Los Angeles, CA has 5 bedrooms, 3 bathrooms, 1,952 living square feet and 4,856 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 907 E 109th Pl is an ideal investment opportunity for any buyer looking to invest in South Los Angeles. The property is comprised of (1) 3Bed/2Bath & (1) 2Bed+1Bath units, both of which currently have HUD tenants - guaranteed income! At one of the lowest price points for an income property, the subject property is the best way to enter the real estate market and grow your portfolio! Once the tenant/owner-user ready unit is rented for market the property will operate at a 4.75% CAP and 13.50 GRM. This is a fantastic investment opportunity or ideal situation for someone looking to owner occupy. This 1,952 square foot building is situated on a 4,856 square foot lot, zoned LAR2. This property is priced at only $337k/unit! This is one of the lowest price/units in the neighborhood.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Michael Padilla | BRE #01993341 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 4 minutes ago | Last updated: September 26th, 2023 | Source CRMLS | DOM: 72

Home details

Lot Sq. Ft
4,856
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
SB23087349
City
Los Angeles
County
Los Angeles
Time on Site
373 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,167
  • Total Rent: $1,167
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Actual Rent: $2,137
  • Total Rent: $2,137
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.75%
  • Gross Rent Multiplier: 13.5
  • Gross Scheduled Income: $50,004
  • Net Operating Income: $32,044
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,460
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 907 E 109Th Pl

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 6071016011
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Private Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off of Avalon Blvd and Imperial Hwy
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 907 E 109Th Pl

Last sold for $632,500 on September 26th, 2023

  • September, 2023

  • Sep 26, 2023

    Date

    Sold

    CRMLS: SB23087349

    $632,500

    Price

  • May 22, 2023

    Date

    Active

    CRMLS: SB23087349

    $675,000

    Price

  • December, 2009

  • Dec 21, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2008

  • Jun 23, 2008

    Date

    Sold (Public Records)

    Public Records

    $507,412

    Price

Show More

Tax History for 907 E 109Th Pl

Assessed Value (2020): $155,786
Year Land Value Improved Value Assessed Value
2020 $106,220 $49,566 $155,786

Home Value Compared to the Market

This property vs the competition

907 E 109Th Pl sold on September 26, 2023 for 40.27% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $345.8 per/sqft which puts the price per square foot 54.14% lower than the current median sale per square foot for the city of Los Angeles.

About 907 E 109Th Pl

Detailed summary of property

907 E 109Th Pl is a duplex that recently sold in Los Angeles, CA 90059. This duplex offered 5 bedrooms, 3 bathrooms, roughly 1,952 living square feet, and sits on an approximately 4,856 square foot lot. 907 E 109Th Pl was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $632,500. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 40.27% lower than the current median priced home. Local homes that are currently for sale include 1141 E 84th Pl, 9534 Grape St and 8405 Mckinley Ave. While the average home in Los Angeles, CA is selling in 94 days, 907 E 109Th Pl has a days on market of 72 days. There are currently 3859 homes for sale in the Los Angeles real estate market and 2609 of them are single family homes while 1145 of them are condos and 99 are townhomes. For more information on this home for sale at 907 E 109Th Pl Los Angeles, CA 90059 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 907 E 109Th Pl

Public county record property details
Beds
3
Baths
3
Year built
1922
Sq. Ft.
1,952
Lot Size
4,855
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
6071-016-011

The source for these homes facts are from public records.

90059 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$574,900
Median List Price/Sq.Ft.
$512
Median Sold Price
$570,000
Median Sold Price/Sq.Ft.
$468
Total Inventory
31
Median Sale to List Price %
96.12%
Avg Days on Market
25
Loan Type
Conventional (37.5%), FHA (25%), VA (0%), Cash (12.5%), Other (12.5%)

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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