1213 East 119th Street

1213 East 119th Street

Los Angeles, CA 90059

$699,000
Price
4
Beds
2
Baths
1,627 Sq. Ft.
$430 / Sq. Ft.
1,627
Sq. Ft.
$430
per Sq. Ft.
a view of a house with a big yard potted plants and a large tree
a view of a white house with a large tree and a yard
a bathroom with a granite countertop shower
a view of a hallway
a bathroom with a granite countertop toilet a sink and bathtub
a bathroom with a sink a toilet and shower
a view of an empty room
a view of an empty room
a view of an empty room with wooden floor and a window
an empty room with a window
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a kitchen with stainless steel appliances granite countertop white cabinets sink and window
a view of cabinets a wooden floor and a window
a kitchen with white cabinets and sink
a kitchen with white cabinets and a sink
a kitchen with sink cabinets and window
a kitchen with granite countertop white cabinets and white appliances
an empty room with wooden floor & windows
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor
a view of a big house with a big yard and large tree
a view of a house with backyard and trees
an aerial view of a house with a garden and a yard
an aerial view of residential houses with outdoor space

Description

Presenting an extraordinary opportunity with immense potential, this large lot boasts R3 zoning and ample space for development. Whether you choose to demolish the existing building and garage to construct multiple units in this R3 zoning or opt to retain the duplex, continue to collect rent and add additional units at the back, the possibilities for expansion and investment are boundless. The existing side-by-side duplex boasts well-appointed two-bedroom, one-bathroom layouts in each unit. One unit,...Presenting an extraordinary opportunity with immense potential, this large lot boasts R3 zoning and ample space for development. Whether you choose to demolish the existing building and garage to construct multiple units in this R3 zoning or opt to retain the duplex, continue to collect rent and add additional units at the back, the possibilities for expansion and investment are boundless. The existing side-by-side duplex boasts well-appointed two-bedroom, one-bathroom layouts in each unit. One unit, recently renovated, features wood-like vinyl flooring, a modern kitchen with quartz countertops, and in-unit laundry. The remodeled unit will be delivered vacant and move in ready, so the new owner can live there or rent it out for market value. Meanwhile, the other well-maintained unit is occupied by a Section 8 tenant, ensuring immediate income stability. Complementing the residences, a detached two-car garage adds convenience, while the large backyard offers serene privacy amidst lush greenery. Ample parking on the driveway accommodates at least three vehicles, catering to both residents and guests. Recent upgrades, such as the installation of a new main sewer line laid the groundwork for future development. Strategically situated near major thoroughfares including the 105 and 110 freeways, as well as key amenities like the Martin Luther King Community Hospital, King Drew Magnet High School, Charles Drew University, Magic Johnson Park and Shopping Center, this property provides unparalleled access to a plethora of services and attractions. Offer subject to inspection, drive-by only. Please do not approach the tenants. All offers due on 5/8/24 at 5 pm.
  1. Listed by Anna Kadinowa • DRE #01908285 • Brokerage DRE #01720454 • Christie's AKG
  2. Listed by Kirby Gillon • DRE #01960253 • Brokerage DRE #01720454 • Christie's AKG

Property Details for 1213 East 119th Street

Zoning
LAR3
Parcel Number
6148013013
Total Units
2.0
Living Area
1627
Source Living Area
Vendor Enhanced
Area
Metropolitan South (C37)
Vacancy Rate
1
Lot Size Area
8930

Location

Listing Courtesy of Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253
Add your commute
LISTING UPDATED: 05/04/2024 12:01 AM

Property Details for 1213 East 119th Street

StatusActive
MLS #24-377241
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.21 AC / 8,930 SF
CountyLos Angeles County

Location

Listing Courtesy of Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253
Add your commute

Building Information for 1213 East 119th Street

Stories1Residences-Year Built1947Building Size-Lot Size0.21 AC / 8,930 SF

Payment Calculator

$4,075 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,815

Property Taxes

$260

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1213 East 119th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Duplex
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $24,264
  • Net Operating Income: $17.45
  • Gross Income: $24,264
  • Cap Rate: 2.50%
  • Gross Rent Multiplier: $28.80
  • Total Annual Expense: 6808.91
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.205
  • Lot Size Square Feet: 8930
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2
  • Covered Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,022.00
  • Unit Actual Rent: $2,022.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $84,360.00
  • Assessed Improvement Percent: 40.48
  • Assessed Land Value: $124,062.00
  • Assessed Land Percent: 59.52
  • Assessed Total Value: $208,422.00

Property History for 1213 East 119th 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 1213 East 119th Street

Taxable ValueLand$124,062Additions$84,360Total$208,422
Tax Record2023$3,123 ($260 / month)
Home Facts
Total Finished SqFt1,627 SqFtAbove Grade Finished SqFt1,627 SqFtLot Size8,928 SqFtStyleDuplexYear Built1947ZoningLAR3CountyLOS ANGELESAPN6148-013-013

Schools near 1213 East 119th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
One Hundred Twelfth Street Elementary School
Public - K to 5
Resolute Academy Charter
Charter - 5 to 8
Alain Leroy Locke College Prep Academy
Charter - 9 to 12
King/Drew Medical Magnet High School
Public - 9 to 12
Rating
School
Distance
One Hundred Twelfth Street Elementary School
PublicK to 5

Resolute Academy Charter
Charter5 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

King/Drew Medical Magnet High School
Public9 to 12

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.

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More information about 1213 East 119th Street, Los Angeles, CA 90059

1213 East 119th Street is a multi-family home for sale in Los Angeles, CA 90059. This property was listed for sale on April 26, 2024 by Christie's AKG, it's currently listed at $699,000. It has been on the market for a total of 12 days and was last sold on July 14, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Twelfth Street Elementary School, Resolute Academy Charter and Alain Leroy Locke College Prep Academy. 1213 East 119th Street is a 4-bed, 2-bath, 1,627 sqft multi-family home built in 1947.

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 Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253

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.