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SOLD 8/13/2021

531 W 115th Street, Los Angeles, CA 90044$730,000

6
beds
4
baths
2181
ft2
· 9286
ft2 lot
$298 / ft2

Listing provided courtesy of Listing Broker: Mark Perez, So Cal Properties
Source CRMLS;
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AMAZING Investment Opportunity for owner occupant looking to live in one unit and rent the back (currently receiving $2500 in monthly rent) or for an investor to rent out both units and make GREAT cash flow! This property is zoned SFR with a permitted new ADU in the back. The front unit has been tastefully remodeled with new floors, dual pane windows, remodeled kitchen with new cabinets and countertops. The front unit is 3 bed, 2 bathroom and total total sq footage is 1257 sq ft. The master bedroom is HUGE and comes with a very spacious walk in closet and updated bathroom. The unit also comes with washer and dryer hook-ups. There is good space between the front unit and back unit with a nice grass area. The back unit is 3 bed, 2 bathrooms. The property also comes with a spacious 2 car garage (can potentially be converted to an ADU) and a very long driveway that fits 5 plus cars. This property has so much value!

HOA

$0/month

On market

2 hours

Year built

1937

Property type

Multi-Family

Parking

7

MLS

RS21147752

Price / Sq.Ft.

$298 / ft2

Status

Closed

Home details for 531 W 115th Street

Interior Features & Layout
Appliances
•   
Laundry Details: Inside
•   
Laundry: 1
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: All Bedrooms Down
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
Interior Size
•   
Building Area Total: 2181.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Garage
•   
Garage Spaces: 2.00
•   
Uncovered Spaces: 5.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAR1
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 0-1 Unit/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2132
•   
Lot Size Area: 9286.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 2
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 2
•   
Number Of Separate Gas Meters: 2
•   
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: 1200.00
•   
Trash Expense: 840.00
•   
Insurance Expense: 1200.00
•   
Total Expenses: 3240.00
•   
Gross Scheduled Income: 67200.00
•   
Tax Block: A
•   
Operating Expense: 3600.00
Tax/Assessment Info
•   
Gross Income: 63600.00
•   
Tax Year: 2020
•   
Taxes: 14111.8
Lease Info
•   
Net Operating Income: 63600.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 2500.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 2500.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Multi Unit Information
•   
# Of Units: 2
School Neighborhood & Directions
Location
•   
Community Features: Curbs
School Info
•   
Directions: 110 N, exit Imperial Hwy, Left of Figueroa St and right onto W 115th St
Other
Calculation
•   
Dom: 4
•   
Cdom: 4

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Harbor Gateway North
85
Properties for sale
12
Median days on market
$437.77
Median sold price/sqft
101.54%
Sold/List %
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Property History for 531 W 115th Street

08/13/2021
08/13/2021
Public Record
sold
Public Record
$730,000
+12.48%
08/13/2021
08/13/2021
CRMLS #RS21147752
sold
CRMLS #RS21147752
$649,000
+44.78%
12/03/2020
12/03/2020
Public Record
sold
Public Record
$448,265

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