342 East 99th Street

Los Angeles, CA 90003

$875,000
Last Sold Price
8
Beds
4
Baths
2,988 Sq. Ft.
$293 / Sq. Ft.
2,988
Sq. Ft.
$293
per Sq. Ft.

Description

We are pleased to present a 4-unit multi-family community located in the Green Meadows neighborhood of South Los Angeles, CA. A short 15 minute drive to Downtown Los Angeles and centrally located near 2 major freeways, the subject property gives tenants convenient access to the 105 and110 Freeways. The property was built in 1965 and is comprised of approximately 2,988 rentable square feet on a 5,085 square foot lot. The building has an outstanding unit mix, comprising entirely of spacious 2 bedroom...We are pleased to present a 4-unit multi-family community located in the Green Meadows neighborhood of South Los Angeles, CA. A short 15 minute drive to Downtown Los Angeles and centrally located near 2 major freeways, the subject property gives tenants convenient access to the 105 and110 Freeways. The property was built in 1965 and is comprised of approximately 2,988 rentable square feet on a 5,085 square foot lot. The building has an outstanding unit mix, comprising entirely of spacious 2 bedroom 1 bathroom units. There is one vacant unit that LA City Section 8 Housing will pay $2,263 for, allowing an investor to achieve market rent for that unit. The property is separately metered for gas and electricity, features ample secured parking, and the tenants benefit from their own washer and dryer hookups inside each unit. This is an outstanding opportunity to acquire a desirable multi-family asset with substantial upside in the city of Los Angeles and would be a great addition to any investors portfolio.
  1. Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap
  2. Listed by Ryan Gonzalez • DRE #01874815 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 342 East 99th Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2988
Assessor Parcel Number
6052-017-016
Property Attached YN
true

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184; Marcus & Millichap, Ryan Gonzalez, DRE #01874815

Sold By Century 21 Hollywood, Benjamin Martin, DRE #01454577

Add your commute
LISTING UPDATED: 01/12/2021 03:42 AM

Property Details for 342 East 99th Street

StatusClosed
MLS #PW20251884
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.12 AC / 5,227 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184; Marcus & Millichap, Ryan Gonzalez, DRE #01874815

Sold By Century 21 Hollywood, Benjamin Martin, DRE #01454577

Add your commute

Building Information for 342 East 99th Street

Stories2Residences-Year Built1965Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$5,764 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$989

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 342 East 99th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $74,656
  • Gross Scheduled Income: $74,656
  • Net Operating Income: $50,044
  • Financing: Cash
Expense Details
  • Operating Expense: $24,323
  • New Taxes Expense: $11,375
  • Gardener Expense: $475
  • Fuel Expense: $850
  • Electric Expense: $850
  • Insurance Expense: $1,345
  • Maintenance Expense: $3,000
  • Professional Management Expense: $3,718
  • Other Expense: $1,000
  • Other Expense Description: Misc/Exp
  • Trash Expense: $850
  • Water Sewer Expense: $850
  • Total Expenses: $24,313
Tax / Assessment Info
  • Tax Block: 8
  • Tax Tract Number: 6401
  • Tax Census Tract: 2406.00
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: None, Public Sewer, Septic Type Unknown, Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,272
  • Unit Type Total Rent: $1,272
  • Unit Type Pro Forma: 2263
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,504
  • Unit Type Total Rent: $1,504
  • Unit Type Pro Forma: 2263
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,263
  • Unit Type Total Rent: $2,263
  • Unit Type Pro Forma: 2263
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,349
  • Unit Type Total Rent: $1,349
  • Unit Type Pro Forma: 2263
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 342 East 99th 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 342 East 99th Street

Taxable ValueLand$416,160Additions$494,190Total$910,350
Tax Record2023$11,874 ($989 / month)
Home Facts
Total Finished SqFt2,988 SqFtAbove Grade Finished SqFt2,988 SqFtLot Size5,085 SqFtStyleQuadraplexYear Built1965ZoningLAR2CountyLOS ANGELESAPN6052-017-016

Schools near 342 East 99th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Charter - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Ninety-Third Street Elementary School
PublicK to 6

Charles Drew Middle School
Public7 to 8

Alain Leroy Locke College Prep Academy
Charter9 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Marcus & Millichap, Kevin King, DRE #01158184; Marcus & Millichap, Ryan Gonzalez, DRE #01874815

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.