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SOLD 6/10/2021

3511 Mckinley, Los Angeles, CA 90011$2,000,000

14
beds
25
baths
5734
ft2
· 11076
ft2 lot
$357 / ft2

Listing provided courtesy of Listing Broker: Raul Novales, Help U Sell Wisdom Realty
Source CRMLS;
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Excellent opportunity 13 units 2 parcels 1 parcel consist of 7 Bungalows 6 -1 bedrooms 1-2 bedroom Long term tenants low Maintenance 6 of the units have new copper plumbing and have been remodeled all the units are in excellent condition and tenants are long term and they pay well. Parcel number 2 consists of 1 building and 6 units all units are updated and remodeled Roof is only 2 years old all upgrades have permits. All units are separately metered for Gas and Electricity this sale is non contingent. Buyer could not perform.

HOA

$0/month

On market

23 days

Year built

1912

Property type

Multi-Family

Parking

MLS

PW21027227

Price / Sq.Ft.

$357 / ft2

Status

Closed

Home details for 3511 Mckinley

Interior Features & Layout
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
•   
Average1 Bed Area: 490
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 5734.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 0.00
•   
Carport Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Level
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2543
•   
Additional Parcels Description: 5114-004-018
•   
Lot Size Area: 11076.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 8
•   
Total Units: 13
Property Features
•   
Common Walls: 2+ Common Walls, No One Above
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 13
•   
Number Of Separate Gas Meters: 13
•   
Number Of Separate Water Meters: 3
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer, Sewer Paid
Assesments Information
•   
Assessments: Buyer to Verify
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Equity: 1449000
•   
Gross Operating Income: 16003.00
•   
Water Sewer Expense: 10934.00
•   
Tax Annual Amount: 9054.00
•   
Gross Spendable Income: 130973.00
•   
Licenses Expense: 1369.00
•   
Cap Rate: 6.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 25612.00
•   
Insurance Expense: 3700.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 25087.00
•   
Gross Scheduled Income: 146976.00
•   
Operating Expense: 25087.00
•   
Gross Multiplier: 13.95
•   
Rent Control Yn: 1
•   
Present Loans: 600000
Tax/Assessment Info
•   
Gross Income: 226200.00
•   
Tax Year: 2020
•   
Taxes: 5588.0
Lease Info
•   
Net Operating Income: 121889.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 10 Information
•   
Unit 10 Bathrooms: 1
•   
Unit 10 Garage Spaces: 0.00
•   
Unit 10 Actual Rent: 840.00
•   
Unit 10 Total Units: 1
•   
Unit 10 Total Rent: 840.00
•   
Unit 10 Bedrooms: 1
•   
Unit 10 Furnished Units: Unfurnished
Unit 13 Information
•   
Unit 13 Furnished Units: Unfurnished
•   
Unit 13 Bathrooms: 1
•   
Unit 13 Garage Spaces: 0.00
•   
Unit 13 Actual Rent: 882.66
•   
Unit 13 Total Units: 1
•   
Unit 13 Total Rent: 882.66
•   
Unit 13 Bedrooms: 1
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1052.66
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1052.66
Unit 7 Information
•   
Unit 7 Garage Spaces: 0.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 881.68
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 881.66
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1052.76
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1052.76
Unit 11 Information
•   
Unit 11 Garage Spaces: 0.00
•   
Unit 11 Bathrooms: 1
•   
Unit 11 Actual Rent: 546.93
•   
Unit 11 Total Units: 1
•   
Unit 11 Total Rent: 546.93
•   
Unit 11 Bedrooms: 1
•   
Unit 11 Furnished Units: Unfurnished
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 0.00
•   
Unit 8 Actual Rent: 908.46
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 908.46
•   
Unit 8 Bedrooms: 1
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Garage Spaces: 0.00
•   
Unit 9 Actual Rent: 937.30
•   
Unit 9 Total Units: 1
•   
Unit 9 Total Rent: 937.30
•   
Unit 9 Bedrooms: 1
•   
Unit 9 Furnished Units: Unfurnished
Unit 12 Information
•   
Unit 12 Bathrooms: 1
•   
Unit 12 Garage Spaces: 0.00
•   
Unit 12 Actual Rent: 935.24
•   
Unit 12 Total Units: 1
•   
Unit 12 Total Rent: 9345.24
•   
Unit 12 Bedrooms: 1
•   
Unit 12 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 13
•   
Unit 1 Actual Rent: 786.93
•   
Unit 1 Total Rent: 786.93
Unit 4 Information
•   
Unit 4 Actual Rent: 1135.06
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1135.06
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 1236.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1236.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 13
•   
Number With Disposal: 8
Unit 6 Information
•   
Unit 6 Actual Rent: 1052.66
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1053.66
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Street Lights, Suburban
School Info
•   
Directions: Martin Luther East of Avalon
Other
Calculation
•   
Dom: 13
•   
Cdom: 13

Neighborhood snapshot

Properties for sale
Median days on market
$—
Median sold price/sqft
Sold/List %
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Property History for 3511 Mckinley

06/10/2021
06/10/2021
Public Record
sold
Public Record
$2,000,000
--2.39%
06/10/2021
06/10/2021
CRMLS #PW21027227
sold
CRMLS #PW21027227
$2,049,000
03/05/2021
03/05/2021
CRMLS #PW21027227
pending
CRMLS #PW21027227
$2,049,000
02/21/2021
02/21/2021
CRMLS #PW21027227
active
CRMLS #PW21027227
$2,049,000
02/10/2021
02/10/2021
CRMLS #PW21027227
pending
CRMLS #PW21027227
$2,049,000
See more property history

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