2616 Somerset Drive

Los Angeles, CA 90016

$1,050,000
Last Sold Price
8
Beds
4
Baths
4,792 Sq. Ft.
$219 / Sq. Ft.
4,792
Sq. Ft.
$219
per Sq. Ft.

Description

Great opportunity to own a 4 well maintained two story Spanish style income property in the highly desired mid city area. All units are spacious 2 bedroom and 1 bathroom with nice size living room and dining room. Curved interior arches with all original architectural characteristic and spacious balcony. Four one car garages with security gate. This property is located within the city of Los Angeles zoning area of LARD1.5 which may allow for additional unit to be built, check with city of Los Angeles....Great opportunity to own a 4 well maintained two story Spanish style income property in the highly desired mid city area. All units are spacious 2 bedroom and 1 bathroom with nice size living room and dining room. Curved interior arches with all original architectural characteristic and spacious balcony. Four one car garages with security gate. This property is located within the city of Los Angeles zoning area of LARD1.5 which may allow for additional unit to be built, check with city of Los Angeles. Property is subject to Rent stabilization Ordinance. Property will be sold "AS-IS" condition with current tenants in place. Submit offers subject to interior inspection. Do not walk on the property or disturb the tenants. DRIVE BY ONLY. Motivated Seller.

Listing Agent

  1. Mitra Moradifar

    Mitra Moradifar

    Alternative Listing Agent

    Compass

    DRE #01230785

Property Details for 2616 Somerset Drive

Zoning
LARD1.5
Parcel Number
5050001012
Total Units
4.0
Living Area
4792
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
None
Lot Size Area
6286

Location

Listing Courtesy of Compass, Mitra Moradifar, DRE #01230785; HomeSmart, Evergreen Realty, David Moradifar, DRE #01881072

Sold By Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Add your commute
LISTING UPDATED: 03/25/2024 02:24 PM

Property Details for 2616 Somerset Drive

StatusSold
MLS #22-157893
Days on Market155
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.14 AC / 6,286 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Mitra Moradifar, DRE #01230785; HomeSmart, Evergreen Realty, David Moradifar, DRE #01881072

Sold By Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Add your commute

Virtual Tour

Building Information for 2616 Somerset Drive

Stories-Residences-Year Built1928Building Size-Lot Size0.14 AC / 6,286 SF

Payment Calculator

$6,770 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$1,040

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2616 Somerset Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Quadruplex
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • 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: $50,988
  • Net Operating Income: $.00
  • Gross Income: $50,988
  • Gross Rent Multiplier: $.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1443
  • Lot Size Square Feet: 6286
Parking Details
Parking Details
  • Parking Garage: Detached, Assigned
  • Total Parking: 4
  • Parking Features: Assigned
  • Attached Garage: No
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Flooring: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-17-2022
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $960.00
  • Unit Actual Rent: $960.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $945.00
  • Unit Actual Rent: $945.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,369.00
  • Unit Actual Rent: $1,369.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $975.00
  • Unit Actual Rent: $975.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $289,815.00
  • Assessed Improvement Percent: 30.64
  • Assessed Land Value: $656,186.00
  • Assessed Land Percent: 69.36
  • Assessed Total Value: $946,001.00

Property History for 2616 Somerset Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2616 Somerset Drive

Taxable ValueLand$682,695Additions$301,523Total$984,218
Tax Record2023$12,481 ($1,040 / month)
Home Facts
Total Finished SqFt4,792 SqFtAbove Grade Finished SqFt4,792 SqFtLot Size6,286 SqFtStyleQuadraplexZoningLARD1.5CountyLOS ANGELESAPN5050-001-012

Schools near 2616 Somerset Drive

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 - K to 8
Rating
School
Distance
Virginia Road Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK 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, Mitra Moradifar, DRE #01230785; HomeSmart, Evergreen Realty, David Moradifar, DRE #01881072

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.