For more information contact: 10412 SOUTH FIGUEROA ST. 10412 South Figueroa Street Los Angeles, CA 90003 Martin Ensbury President- The Ensbury Group (310) 880-0132 [email protected]BRE #00815392 L'Mar Kojani Global Investment Associate (310) 733-6819 [email protected]BRE #01970704 PROPERTY HIGHLIGHTS Major value add opportunity! 6.83% cap rate on proforma rents. ● Seller just replaced the roof and has recently renovated most units. ● Located in gentrifying South Los Angeles, easily accessible to the new Rams stadium and the resurgent Downtown LA. ● Perfect for most government subsidy programs. ● Currently 11 vacancies. ●
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10412 SOUTH FIGUEROA ST. - LoopNet · 2019-04-23 · 10412 SOUTH FIGUEROA ST. 10412 South Figueroa Street Los Angeles, CA 90003 Martin Ensbury President- The Ensbury Group (310) 880-0132
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For more information contact:
10412 SOUTH FIGUEROA ST.10412 South Figueroa StreetLos Angeles, CA 90003
Down Payment: 26% 650,000$ Loan Amount: 1,850,000$
Number of Units: 19 Interest Rate: 4.40%
Cost Per Unit: 131,579$ Loan Term (Years): 5
Current GRM: 29.60 Amortization (Years): 30
Market GRM: 9.42 Monthly Payment: ($9,264.08)
Current CAP: 0.12% Annual Debt Service: ($111,168.92)
Market CAP: 6.83%
Year Built: 1960
Approximate Lot Size: 7,405 43560
Approximate Net RSF: 5,295
Cost Per Net RSF: 472.14$
Scheduled Gross Income: 84,456$ 265,260$
Less: Vacancy -$ 0% (13,263)$ 5%
Gross Operating Income: 84,456$ 251,997$
Less: Expenses: (81,339)$ 96.3% (81,339)$ 32.3%
Net Operating Income: 3,117$ 170,658$
Less: Loan Payments: (111,169)$ (111,169)$
Net Cash Flow: (108,052)$ -16.62% 59,489$ 9.15%
Plus: Principal Paydown: 30,377$ 30,377$
Total Return Before Taxes: (77,675)$ -11.95% 89,866$ 13.83%
Property Taxes - New (1.196046%) $29,901
Unit BDRMS/ Monthly Monthly Monthly Monthly Special Assessments $804
# BATHS Rent/Unit Income Rent/Unit Income Electric $5,497
1 1 Bd/1 Ba $1,500 $1,500 $1,570 $1,570 Water $4,824
2 Single (vacant) $0 $0 $1,055 $1,055 Sewer $3,811
3 Studio $1,150 $1,150 $1,220 $1,220 Trash $2,400
4 Single (vacant) $0 $0 $1,065 $1,065 Repairs $6,650
5 Studio $1,150 $1,150 $1,220 $1,220 General $4,750
6 Single $738 $738 $1,065 $1,065 On-Site Manager $4,800
7 Single $850 $850 $1,065 $1,065 Off-Site Management $9,301
8 Single (vacant) $0 $0 $1,065 $1,065 Reserves $4,750
9 Single (vacant) $0 $0 $1,065 $1,065 Insurance $3,850
10 Single (vacant) $0 $0 $1,065 $1,065
11 Studio $700 $700 $1,220 $1,220
12 Single (vacant) $0 $0 $1,065 $1,065
13 Studio (vacant) $0 $0 $1,220 $1,220
14 Single (vacant) $0 $0 $1,065 $1,065
15 Studio $0 $0 $1,220 $1,220
16 Single $950 $950 $1,065 $1,065
17 Single (vacant) $0 $0 $1,065 $1,065
18 Single (vacant) $0 $0 $1,065 $1,065
19 Single (vacant) $0 $0 $1,065 $1,065
$7,038 $21,505
$0 $300
$0 $300 Estimated Total Expenses $81,339
$7,038 $22,105
Per Net Sq. Ft. $15.36
$84,456 $265,260 Expenses Per Unit $4,281
THIS INFORMATION HAS BEEN SECURED FROM SOURCES WE BELIEVE TO BE RELIABLE, BUT WE MAKE NO REPRESENTATIONS OR WARRANTIES, EXPRESSED OR IMPLIED,
AS TO THE ACCURACY OF THE INFORMATION. BUYER MUST VERIFY THE INFORMATION AND BEARS ALL RISK FOR INACCURACIES
Proforma Rents
Annualized Operating Data
Parking Income:
Scheduled Income
Monthly Scheduled Gross Income:
Annual Scheduled Gross Income:
Current Rents
Total Monthly Scheduled Gross Income:
Utility Reimbursement
Current Rents
Multi-Family
10412 S. Figueroa St.
Los Angeles, CA
Investment Summary
Estimated Operating Expenses
Market Rents
Loan Information
4/16/2019
APARTMENT
SALES COMPARABLES
14Sale Price
Building Size
Price per SF
Actual Cap Rate
Days on Market
Sale Price to Asking Price Ratio 88.69%
$1,150,000
3,337 SF
$228.40
5.07%
63
$2,256,857
7,410 SF
$304.56
5.72%
133
97.29%
$1,812,500
5,968 SF
$299.20
5.23%
148
99.19%
$4,700,000
15,340 SF
$659.37
6.76%
171
102.09%
14
14
7
4
4
Gross Income Multiplier
Gross Rent Multiplier
# of Units
Price per Unit $126,667
-
9.19
8
-
11.36
13
$172,656
-
10.94
12
$156,000
-
13.00
22
$391,667
-
5
14
14
Totals
Sold Transactions $31,596,000 Total Sales Transactions:Total Sales Volume: 14
Survey Criteria
basic criteria: Type of Property - Multi-Family; Sale Date - from 1/1/2017; Sale Status - Sold; Return andSearch on Portfolio Sales as Individual Properties - Yes; Exclude Non-Arms Length Comps - Yes
geography criteria: Zip Code - 90001, Los Angeles, CA; 90003, Los Angeles, CA; 90044, Los Angeles, CA
Comps Statistics
CountHighMedianAverageLow
Quick Stats Report
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 1
1201 E 64th St
Los Angeles, CA 90001
Sale on 12/6/2018 for $1,615,000 ($346.86/SF; $146,818/Unit) - Research Complete
11 Unit, 4,656 SF Class C Apartments Building Built in 1923
SOLD
1
Sale Date:
Price/SF:
Sale Price:
$346.86
$1,615,000-Full Value
12/06/2018
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1923 Age: 95
4,656 SF
0.20 AC (8,886 SF)
Percent Leased: 100.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $7,916,666.67
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$623,702 in 2018
$375,326
$248,376
Percent Improved: 60.2%
Land Assessed/AC: $1,217,529
InvestmentSale Type:
Transfer Tax: $1,776.50
GRM/GIM: -/-
ID: 4616811
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6008-016-011
Down payment of $1,615,000.00 (100.0%)
Document No: 1231047
Sale History: Sold for $1,615,000 ($346.86/SF; $146,818/Unit) on 12/6/2018Sold for $565,000 ($121.35/SF; $51,364/Unit) on 5/10/2012
Legal Desc: Legal Description is too long to be abbreviate, Please See Deed.
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Page 4
Income Expense Data
$9,001
$9,001
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
8
417 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1923
3,337 SFBldg Size:
Typical Floor Size: 2,937 SF
Stories: 1
Parking: 2 Surface Spaces are available; Ratio of 0.59/1,000 SF; 0.25/Unit
Bldg Vacant: 0 SF
Owner Type: Developer/Owner-RGNL
Zoning: LAR2
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.13 AC
Expenses: 2018 Tax @ $1125.19/Unit
Site Amenities: Heating, Kitchen, Range
ID: 9886785
Location Information
Los Angeles
Greater Inglewood MF/Canndu/Avalon Gardens MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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245 W 71st St SOLD8 Unit, 3,337 SF Class C Apartments Building Built in 1923 (con't)
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Page 5
706 W 81st St
Los Angeles, CA 90044
Sale on 2/1/2018 for $1,220,000 ($296.84/SF; $152,500/Unit) - Research Complete
8 Unit, 4,110 SF Class C Apartments Building Built in 1926
SOLD
3
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$296.84
$1,220,000-Confirmed
02/01/2018 (135 days on market)
Bldg Type:
Land Area:
Year Built/Age:
RBA:
6.76%
Apartments
Built in 1926 Age: 92
4,110 SF
0.21 AC (9,278 SF)
Percent Leased: -
Transaction Details
Asking Price: $1,195,000
Price/AC Land Gross: $5,727,699.53
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$787,020 in 2017
$113,910
$673,110
Percent Improved: 14.5%
Land Assessed/AC: $3,160,140
InvestmentSale Type:
Transfer Tax: $1,342
GRM/GIM: 9.19/-
ID: 4137674
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6032-023-005
Down payment of $1,220,000.00 (100.0%)
Document No: 0108886
Sale History: Sold on 8/31/2018 Non-Arms LengthSold for $1,220,000 ($296.84/SF; $152,500/Unit) on 2/1/2018Sold for $1,120,000 ($272.51/SF; $140,000/Unit) on 4/11/2017Sold for $196,000 ($47.69/SF; $24,500/Unit) on 5/1/2015Sold on 9/12/2013 Non-Arms LengthSold on 4/14/2003 Non-Arms LengthSold for $250,000 ($60.83/SF; $31,250/Unit) on 12/28/1990
Legal Desc: Lot 180 Sunny Park Addition bk 6 pg 198
Spacer
# Units:
Avg Unit Size: 513 SF
8
Avg Rent/Unit/Mo: $1,120
$152,500Price/Unit:
Spacer Spacer
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Expenses: 2018 Tax @ $1821.88/Unit, 2003 Est Tax @ $523.88/Unit; 2016 Ops @ $2164.13/Unit, 2003 Est Ops @$166
ID: 84503
Location Information
Los Angeles
Greater Inglewood MF/South Central LA MF
Metro Market:
Submarket:
County: Los Angeles
Map(Page): Thomas Bros. Guide 704-B2
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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706 W 81st St SOLD8 Unit, 4,110 SF Class C Apartments Building Built in 1926 (con't)
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Page 7
1026 W 91st St
Los Angeles, CA 90044
Sale on 8/9/2018 for $2,010,000 ($298.40/SF; $154,615/Unit) - Research Complete
13 Unit, 6,736 SF Class C Apartments Building Built in 1947
SOLD
4
Sale Date:
Price/SF:
Sale Price:
$298.40
$2,010,000-Full Value
08/09/2018
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1947 Age: 71
6,736 SF
0.44 AC (19,023 SF)
Percent Leased: 100.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $4,602,702.08
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$350,819 in 2017
$210,493
$140,326
Percent Improved: 60.0%
Land Assessed/AC: $321,332
InvestmentSale Type:
Transfer Tax: $2,211
GRM/GIM: -/-
ID: 4482815
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6047-020-018
Down payment of $510,000.00 (25.4%)
Document No: 0801482
Sale History: Sold for $2,010,000 ($298.40/SF; $154,615/Unit) on 8/9/2018Sold for $1,500,000 ($222.68/SF; $115,385/Unit) on 8/18/2017
Legal Desc: Lot 45 Trt Grider & Hamilton's Sunnyside No 2 bk 6 pg 88
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# Units:
Avg Unit Size: 518 SF
13 $154,615Price/Unit:
Spacer
Spacer
Income Expense Data
$23,206
$23,206
Total Expenses
- Operating Expenses
- TaxesExpenses
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Page 8
Bldg Type: Apartments
13
518 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1947
6,736 SFBldg Size:
Typical Floor Size: 5,435 SF
Stories: -
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: LCR320U*
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.44 AC
Expenses: 2018 Tax @ $1785.07/Unit
ID: 10384958
Location Information
Los Angeles
Greater Inglewood MF/Westmont MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
Spacer
1026 W 91st St SOLD13 Unit, 6,736 SF Class C Apartments Building Built in 1947 (con't)
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Page 9
1040 W 91st St
Los Angeles, CA 90044
Sale on 3/1/2019 for $2,530,000 ($297.79/SF; $230,000/Unit) - Research Complete
12 Unit, 8,496 SF Class C Apartments Building Built in 1963
SOLD
5
Sale Date:
Price/SF:
Sale Price:
$297.79
$2,530,000-Full Value
03/01/2019
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1963 Age: 56
8,496 SF
0.22 AC (9,514 SF)
Percent Leased: 100.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $11,584,249.08
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$2,000,000 in 2018
$800,000
$1,200,000
Percent Improved: 40.0%
Land Assessed/AC: $5,494,505
InvestmentSale Type:
Transfer Tax: $2,783
GRM/GIM: -/-
ID: 4699491
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6047-020-017
Down payment of $633,000.00 (25.0%)$1,897,000.00 from Opus bank
Document No: 0183208
Sale History: Sold for $2,530,000 ($297.79/SF; $230,000/Unit) on 3/1/2019Portfolio sale of 6 properties sold for $10,490,000 ($194.66/SF; $156,567/Unit) on 12/1/2017Sold on 12/29/2015 Non-Arms LengthSold for $1,325,000 ($155.96/SF; $120,455/Unit) on 6/23/2015Sold for $1,350,000 ($158.90/SF; $122,727/Unit) on 3/14/2005Sold for $985,000 ($115.94/SF; $89,545/Unit) on 1/13/2004
Legal Desc: East 55 Ft of Lot 44 in Bk 6, Pg 88
Spacer
# Units:
Avg Unit Size: 772 SF
12
SF of all Units: 7,720
$230,000Price/Unit:
Spacer
Spacer
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Site Amenities: Air Conditioning, Gated, Heating, Recycling, Washer/Dryer
# of Bldgs: 1
Metering: Individually MeteredUnits per AC: 48
ID: 4395399
Location Information
Los Angeles
Greater Inglewood MF/Westmont MF
Metro Market:
Submarket:
County: Los Angeles
Map(Page): Thomas Bros. Guide 704-A6
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
Spacer
1108 W 110th St SOLD20 Unit, 13,882 SF Class C Apartments Building Built in 1964 (con't)
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Page 17
1114 W 117th St
Los Angeles, CA 90044
Sale on 3/16/2018 for $1,560,000 ($304.69/SF; $156,000/Unit) - Research Complete
10 Unit, 5,120 SF Class C Apartments Building Built in 1959
SOLD
9
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$304.69
$1,560,000-Confirmed
03/16/2018
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
5.20%
Apartments
Built in 1959 Age: 59
5,120 SF
0.19 AC (8,464 SF)
1031 Exchange
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $8,028,821.41
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$1,040,400 in 2017
$714,000
$326,400
Percent Improved: 68.6%
Land Assessed/AC: $1,679,876
InvestmentSale Type:
Transfer Tax: $1,716
GRM/GIM: -/-
ID: 4188689
-
Spacer
Escrow Length: 120 days
Parcel No:
Financing:
6079-018-030
Down payment of $594,000.00 (38.1%)$966,000.00 from Luther Burbank Savings
Document No: 0257488
Sale History: Sold for $1,560,000 ($304.69/SF; $156,000/Unit) on 3/16/2018Sold for $1,200,000 ($234.38/SF; $120,000/Unit) on 12/22/2015Sold for $767,500 ($149.90/SF; $76,750/Unit) on 5/29/2013
1114 W 117th St SOLD10 Unit, 5,120 SF Class C Apartments Building Built in 1959 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 19
1124 W 117th St
Los Angeles, CA 90044
Sale on 3/16/2018 for $1,560,000 ($300.00/SF; $156,000/Unit) - Research Complete
10 Unit, 5,200 SF Class C Apartments Building Built in 1958
SOLD
10
Sale Date:
Price/SF:
Sale Price:
$300.00
$1,560,000-Confirmed
03/16/2018
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1958 Age: 60
5,200 SF
0.20 AC (8,712 SF)
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $7,800,000.00
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$890,576 in 2017
$517,777
$372,799
Percent Improved: 58.1%
Land Assessed/AC: $1,863,995
InvestmentSale Type:
Transfer Tax: $1,716
GRM/GIM: -/-
ID: 4188667
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6079-018-002
Down payment of $525,000.00 (33.7%)$1,035,000.00 from Luther Burbank Savings
Document No: 0257594
Sale History: Sold for $1,560,000 ($300.00/SF; $156,000/Unit) on 3/16/2018Sold for $860,000 ($165.38/SF; $86,000/Unit) on 1/16/2015Sold for $0 ($0/Unit) on 2/20/2007 Non-Arms LengthSold for $874,000 ($168.08/SF; $87,400/Unit) on 12/12/2006
Legal Desc: AMENDED MAP OF ATHEN HEIGHTS 1/2 VAC ALLEY ADJ ON S AND W 50 FT OF LOT 13 1/2
Sale History: Sold for $4,700,000 ($659.37/SF; $391,667/Unit) on 8/23/2018Portfolio sale of 2 properties sold for $1,200,000 on 4/30/2018Sold for $270,000 ($37.88/SF; $22,500/Unit) on 5/14/1996
Legal Desc: Lots 106 to 109, 133, 114 Sunny Side Park City of Los Angeles Bk 6 pg 8
Spacer
# Units:
Avg Unit Size: 594 SF
12 $391,667Price/Unit:
Spacer
Spacer
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Bldg Type: Apartments
12
594 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1928
7,128 SFBldg Size:
Typical Floor Size: 7,128 SF
Stories: 1
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: C2-1, Los Angeles
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.29 AC
Expenses: 2016 Tax @ $1471.57/Unit
# of Bldgs: 6
Units per AC: 41
ID: 4027691
Location Information
Los Angeles
Greater Inglewood MF/South Central LA MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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800-806 1/2 S. Hoover St. SOLD12 Unit, 7,128 SF - Sold for Land Value, Class C Apartments Building Built in 1928 (con't)
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Page 23
9124 S Broadway
Los Angeles, CA 90003
Sale on 11/29/2018 for $1,275,000 ($247.86/SF; $159,375/Unit) - Research Complete
8 Unit, 5,144 SF Class C Apartments Building Built in 1941
SOLD
12
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$247.86
$1,275,000-Confirmed
11/29/2018 (63 days on market)
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
5.20%
Apartments
Built in 1941 Age: 77
5,144 SF
0.19 AC (8,137 SF)
1031 Exchange
Percent Leased: -
Transaction Details
Asking Price: $1,275,000
Price/AC Land Gross: $6,825,481.80
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$879,201 in 2018
$595,590
$283,611
Percent Improved: 67.7%
Land Assessed/AC: $1,518,260
InvestmentSale Type:
Transfer Tax: $1,402.50
GRM/GIM: 10.94/-
ID: 4597787
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6040-036-014
Down payment of $425,000.00 (33.3%)$850,000.00 from City National Bank
Document No: 1201046
Sale History: Sold for $1,275,000 ($247.86/SF; $159,375/Unit) on 11/29/2018Sold for $0 ($0/Unit) on 11/18/2009 Non-Arms LengthSold for $775,000 ($150.66/SF; $96,875/Unit) on 8/4/2009
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Page 24
Income Expense Data
$11,347
$11,347
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
8
643 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1941
5,144 SFBldg Size:
Typical Floor Size: 2,572 SF
Stories: 2
Parking: 10 Surface Spaces are available; Ratio of 1.94/1,000 SF; 1.25/Unit
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: LAC2 Rent/SF/Yr: -
Elevators: 0Land Area: 0.19 AC
Expenses: 2018 Tax @ $1418.31/Unit
Metering: Individually Metered
ID: 7171687
Location Information
Los Angeles
Greater Inglewood MF/Canndu/Avalon Gardens MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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9124 S Broadway SOLD8 Unit, 5,144 SF Class C Apartments Building Built in 1941 (con't)
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Page 25
11718-11720 S Budlong Ave
Los Angeles, CA 90044
Sale on 3/16/2018 for $2,496,000 ($307.09/SF; $156,000/Unit) - Research Complete
16 Unit, 8,128 SF Class C Apartments Building Built in 1955
SOLD
13
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$307.09
$2,496,000-Confirmed
03/16/2018
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
6.00%
Apartments
Built in 1955 Age: 63
8,128 SF
0.29 AC (12,706 SF)
1031 Exchange
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $8,556,736.37
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$1,734,000 in 2017
$1,122,000
$612,000
Percent Improved: 64.7%
Land Assessed/AC: $2,098,045
InvestmentSale Type:
Transfer Tax: $2,745.60
GRM/GIM: 13.00/-
ID: 4188674
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6079-018-042
Down payment of $846,000.00 (33.9%)$1,650,000.00 from Luther Burbank Savings
Document No: 0257815
Sale History: Sold for $2,496,000 ($307.09/SF; $156,000/Unit) on 3/16/2018Sold for $1,700,000 ($209.15/SF; $106,250/Unit) on 11/24/2015Sold for $1,350,000 ($166.09/SF; $84,375/Unit) on 4/10/2013Sold for $1,450,000 ($178.40/SF; $90,625/Unit) on 4/21/2006
11718-11720 S Budlong Ave SOLD16 Unit, 8,128 SF Class C Apartments Building Built in 1955 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 27
10520 S Figueroa St
Los Angeles, CA 90003
Sale on 12/29/2017 for $2,935,000 ($228.40/SF; $139,762/Unit) - Research Complete
21 Unit, 12,850 SF Class C Apartments Building Built in 1964
SOLD
14
Sale Date:
Price/SF:
Sale Price:
$228.40
$2,935,000-Confirmed
12/29/2017
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1964 Age: 53
12,850 SF
0.35 AC (15,094 SF)
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $8,470,418.47
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$1,485,453 in 2017
$318,311
$1,167,142
Percent Improved: 21.4%
Land Assessed/AC: $3,368,375
InvestmentSale Type:
Transfer Tax: $3,228.50
GRM/GIM: -/-
ID: 4111961
-
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Escrow Length: -
Parcel No:
Financing:
6061-031-027, 6061-031-029
Down payment of $2,935,000.00 (100.0%)
Document No: 1519672
Sale History: Sold for $2,935,000 ($228.40/SF; $139,762/Unit) on 12/29/2017Sold on 1/17/2013 Non-Arms LengthSold for $1,600,000 ($124.51/SF; $76,190/Unit) on 6/22/2006Sold for $685,000 ($53.31/SF; $32,619/Unit) on 6/3/2002
No. of Tenants: 1
Legal Desc: lot 637,638 trt 3064 bk 36 pgs 1,2
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Tenants at time of sale: 10520 Figueroa
# Units:
Avg Unit Size: 611 SF
21
SF of all Units: 12,850
$139,762Price/Unit:
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Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019