1421 West 35th Place

Los Angeles, CA 90018

$1,350,000
Last Sold Price
9
Beds
4
Baths
2,900 Sq. Ft.
$466 / Sq. Ft.
2,900
Sq. Ft.
$466
per Sq. Ft.

Description

Incredible Triplex Apartment Opportunity with Great Cash Flow near USC. Vacant Lot in Rear for future Development. Make best offer soon. Seller is local, and wants to review all written offers. Well-maintained bread-and-butter 3-Unit apartment building that generates $88,200 annually. LAR4 zoned lot. Un-tapped space in rear of almost 2,000 sq. ft rectangular footprint - could build multiple units in rear without disturbing existing dwelling. Easy ADU concept. All current units have their own (in-unit)...Incredible Triplex Apartment Opportunity with Great Cash Flow near USC. Vacant Lot in Rear for future Development. Make best offer soon. Seller is local, and wants to review all written offers. Well-maintained bread-and-butter 3-Unit apartment building that generates $88,200 annually. LAR4 zoned lot. Un-tapped space in rear of almost 2,000 sq. ft rectangular footprint - could build multiple units in rear without disturbing existing dwelling. Easy ADU concept. All current units have their own (in-unit) washer & dryer hookups + kitchen appliances. Granite Counters. There is 1 unit that is available for view. Please do not disturb other occupants. Complex is well-maintained, gated & provides plenty of off-street parking. Seller is aware of bedroom discrepancy between title & actual. However, 9 bedrooms appear original. Excellent in-demand location near USC, Downtown, Leimert Park, and Sofi Stadium. Public Transportation nearby and easy access to 110 and I-10 freeways. Drive by, or call us to walk the site and see the vacant unit. Come Soon!
  1. Listed by Rachel Hsieh • DRE #01913428 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz
  2. Listed by Oliver Klein • DRE #02048270 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz

Property Details for 1421 West 35th Place

Zoning
LAR4
Style
Traditional
Parcel Number
5041010004
Total Units
3.0
Living Area
2900
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
yes

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Rachel Hsieh, DRE #01913428; Keller Williams Realty Los Feliz, Oliver Klein, DRE #02048270

Sold By Douglas Elliman, Raphael Barragan, DRE #01898434

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LISTING UPDATED: 05/18/2021 02:02 PM

Property Details for 1421 West 35th Place

StatusSold
MLS #21-702036
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1991
Lot Size0.16 AC / 6,800 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Rachel Hsieh, DRE #01913428; Keller Williams Realty Los Feliz, Oliver Klein, DRE #02048270

Sold By Douglas Elliman, Raphael Barragan, DRE #01898434

Add your commute

Building Information for 1421 West 35th Place

Stories2Residences-Year Built1991Building Size-Lot Size0.16 AC / 6,800 SF

Payment Calculator

$8,816 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$1,448

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1421 West 35th Place

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Triplex
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $85,554
  • Net Operating Income: $64,166.00
  • Gross Income: $88,200
  • Cap Rate: 4.90%
  • Gross Rent Multiplier: $15.30
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 21685
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1561
  • Lot Size Square Feet: 6800
  • Lot Size Dimensions: 50x136
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Parking for Guests, Parking Space, Driveway, Driveway Gate
  • Total Parking: 4
  • Parking Features: Guest, Parking Space, Driveway
Interior Features
Interior Features
  • Room Type: Converted Bedroom
  • Rooms: Converted Bedroom
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: Inside, Laundry Area
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-08-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,550.00
  • Unit Actual Rent: $2,550.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $316,200.00
  • Assessed Improvement Percent: 39.74
  • Assessed Land Value: $479,400.00
  • Assessed Land Percent: 60.26
  • Assessed Total Value: $795,600.00

Property History for 1421 West 35th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1421 West 35th Place

Taxable ValueLand$936,360Additions$468,180Total$1,404,540
Tax Record2023$17,372 ($1,448 / month)
Home Facts
Total Finished SqFt2,900 SqFtAbove Grade Finished SqFt2,900 SqFtLot Size6,799 SqFtStyleTriplexYear Built1991ZoningLAR4CountyLOS ANGELESAPN5041-010-004

Schools near 1421 West 35th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
John W. Mack Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

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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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 Keller Williams Realty Los Feliz, Rachel Hsieh, DRE #01913428; Keller Williams Realty Los Feliz, Oliver Klein, DRE #02048270

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.