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811 W 97th Street, Los Angeles, CA 90044$2,700,000

14
beds
10
baths
6670
ft2
· 10001
ft2 lot
$405 / ft2

Listing provided courtesy of EDWARD WENG, TFS PROPERTIES, INC.
Source CRMLS;
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Wonderful opportunity located at 811 W 97th Street in the highly desirable city of up & coming Inglewood! The property is conveniently located off the CA-110 local to live event venues, The Forum, LAX, and the brand new So-Fi Stadium! The current owner came in and has completely remodeled 9 out of 10 units that come furnished with a stove & refrigerator, New roof, new exterior painting, New gutters, New electrical meter installed for washer & dryer which is owned by landlord and comes with the sale, new cement pavement in the front yard, & 10 Parking spots for each of the units. Sound proof windows has been installed and paid for by LAX. Newly installed electric gate & security camera system in place to provide a safer community & privacy tenants. The Property next door closed in 07/2021 and has been approved for a complete tear-down and rebuild for a 10-unit apartment complex with no rent control. landlord successfully increased the monthly gross income by over 45%! Do not let this rare opportunity slip away!

HOA

$0/month

On market

2 months

Year built

1958

Property type

Multi-Family

Parking

10

MLS

WS21195957

Price / Sq.Ft.

$405 / ft2

Status

Active

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Home details for 811 W 97th Street

Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Appliances: Gas Cooktop, Gas Water Heater, Refrigerator
•   
Has Appliances
•   
Security Features: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Rated Drywall, Security Lights, Security System, Smoke Detector(s)
•   
Laundry: 1
Interior Features
•   
Electric Details: Electricity - On Property
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Kitchen, Living Room, Walk-In Closet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Laminate
Interior Size
•   
Building Area Total: 6670.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Controlled Entrance, Driveway, Paved, Gated, Parking Space, Side by Side
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 10.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LARD2
•   
Foundation Details: Slab
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: 6-10 Units/Acre
•   
Lot Size Source: Public Records
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2296
•   
Lot Size Area: 10001.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Road Surface Type: Maintained
•   
Number Of Buildings: 1
•   
Total Units: 10
Property Features
•   
Fencing: Electric
•   
Accessibility: 32 Inch Or More Wide Doors, Parking
•   
Property Condition: Turnkey
•   
Common Walls: 2+ Common Walls, End Unit
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 11
•   
Utilities: Cable Available, Electricity Available, Natural Gas Available, See Remarks, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 10
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 8400.00
•   
Tax Annual Amount: 20000.00
•   
Workmans Compensation Expense: 0.00
•   
Laundry Income: 2400.00
•   
Pest Control Expense: 567.00
•   
Laundry Equipment Own Lease: Own
•   
Fuel Expense: 0.00
•   
Trash Expense: 3140.00
•   
Insurance Expense: 2600.00
•   
Professional Management Expense: 0.00
•   
Pool Expense: 0.00
•   
Total Expenses: 48017.00
•   
Gross Scheduled Income: 222696.00
•   
Operating Expense: 48017.00
•   
Gross Multiplier: 10.53
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 220296.00
•   
Tax Year: 2020
•   
Taxes: 19641.22
Lease Info
•   
Net Operating Income: 168070.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 4725.00
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 14
•   
Unit 1 Total Units: 10
•   
Unit 1 Furnished Units: Furnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 10
•   
Unit 1 Actual Rent: 18358.00
•   
Unit 1 Total Rent: 18358.00
Multi Unit Information
•   
# Of Units: 1
•   
Price Per Unit: 270000
School Neighborhood & Directions
Location
•   
Community Features: Biking, Curbs, Dog Park, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Urban
School Info
•   
Directions: From DTLA: CA-110 South; Exit Century Blvd and take right 2 lanes to turn right onto Century; Right onto Hoover St; Left onto W 97th St
Other
Calculation
•   
Dom: 36
•   
Cdom: 36

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
South Central
105
Properties for sale
14
Median days on market
$430.44
Median sold price/sqft
101.30%
Sold/List %
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Property History for 811 W 97th Street

09/07/2021
09/07/2021
CRMLS #WS21195957
active
CRMLS #WS21195957
$2,700,000
09/03/2021
09/03/2021
CRMLS #WS21195957
other
CRMLS #WS21195957
$2,700,000
+80.00%
12/03/2018
12/03/2018
Public Record
sold
Public Record
$1,500,000

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