1038 West 97th Street

Los Angeles, CA 90044

$780,000
Last Sold Price
8
Beds
4
Baths
2,380 Sq. Ft.
$328 / Sq. Ft.
2,380
Sq. Ft.
$328
per Sq. Ft.

Description

Nicely updated units just blocks away from the new SoFi stadium! These turn key units are perfect for owner-user or investors looking for great income. This private and gated street to alley duplex located in Los Angeles features 2 homes on a lot, each unit has 4 bedrooms and 2 full bathrooms, laundry plus a 1 car attached garage. Extensively remodeled in 2017- new kitchens, bathrooms, flooring, and paint. Just minutes from LAX, SoFi Stadium, SpaceX, and the 105/110 freeways. Won't last around 6%+...Nicely updated units just blocks away from the new SoFi stadium! These turn key units are perfect for owner-user or investors looking for great income. This private and gated street to alley duplex located in Los Angeles features 2 homes on a lot, each unit has 4 bedrooms and 2 full bathrooms, laundry plus a 1 car attached garage. Extensively remodeled in 2017- new kitchens, bathrooms, flooring, and paint. Just minutes from LAX, SoFi Stadium, SpaceX, and the 105/110 freeways. Won't last around 6%+ cap rate!

Listing Agent

  1. Rob Depaoli

    Rob Depaoli

    Listing Agent

    Compass

    DRE #01918925

Property Details for 1038 West 97th Street

View
Neighborhood
Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2380
Assessor Parcel Number
6056-015-031

Location

Listing Courtesy of Compass, Rob Depaoli, DRE #01918925

Sold By Compass, Rob Depaoli, DRE #01918925

Add your commute
LISTING UPDATED: 03/03/2021 11:36 PM

Property Details for 1038 West 97th Street

StatusClosed
MLS #SB21004709
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.15 AC / 6,504 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Rob Depaoli, DRE #01918925

Sold By Compass, Rob Depaoli, DRE #01918925

Add your commute

Building Information for 1038 West 97th Street

Stories1Residences-Year Built1921Building Size-Lot Size0.15 AC / 6,504 SF

Payment Calculator

$5,149 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,257

Property Taxes

$892

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1038 West 97th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $66,600
  • Gross Scheduled Income: $66,600
  • Net Operating Income: $44,850
  • Gross Multiplier: 11.3
  • Cap Rate: 6.0
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $21,570
  • New Taxes Expense: $9,375
  • Insurance Expense: $1,742
  • Trash Expense: $0
  • Water Sewer Expense: $1,907
  • Total Expenses: $21,570
Tax / Assessment Info
  • Tax Tract Number: 4
  • Tax Lot: 55
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Equipment: Dishwasher, In Closet, Refrigerator
  • Interior Features: Open Floorplan, Recessed Lighting
  • Room Type: Family Room, Kitchen
  • Laundry: Yes
  • Laundry Features: In Closet
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating: Central
  • Flooring: Laminate, Tile
Exterior Features
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Direct Entrance, Driveway
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access, Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,850
  • Unit Type Total Rent: $2,850
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1038 West 97th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1038 West 97th Street

Taxable ValueLand$601,351Additions$203,398Total$804,749
Tax Record2023$10,706 ($892 / month)
Home Facts
Total Finished SqFt2,380 SqFtAbove Grade Finished SqFt2,380 SqFtStories1Lot Size6,504 SqFtStyleDuplexYear Built1921ZoningLCR320U*CountyLOS ANGELESAPN6056-015-031

Schools near 1038 West 97th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Ninety-Fifth Street Elementary School
PublicK to 5

Bret Harte Preparatory Middle School
Public6 to 8

George Washington Preparatory High School
Public9 to 12

Vox Collegiate of Los Angeles
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Rob Depaoli, DRE #01918925

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.