4875 Axtell Street

Los Angeles, CA 90032

$883,138
Last Sold Price
6
Beds
5
Baths
2,096 Sq. Ft.
$421 / Sq. Ft.
2,096
Sq. Ft.
$421
per Sq. Ft.

Description

Attention investors…5 units under $200K per door! Act now on this 5-unit multi-family property with strong rental income and lots of building character located in lower Monterey Hills area not far from Alhambra. Situated on a generously sized lot with three separate building structures, each unit is single level and includes designated parking. Below market rents offers the new ownership significant rental upside of 20% or greater. Separately metered for both electricity & gas plus a well-maintained...Attention investors…5 units under $200K per door! Act now on this 5-unit multi-family property with strong rental income and lots of building character located in lower Monterey Hills area not far from Alhambra. Situated on a generously sized lot with three separate building structures, each unit is single level and includes designated parking. Below market rents offers the new ownership significant rental upside of 20% or greater. Separately metered for both electricity & gas plus a well-maintained property, this investment offers historically low expenses, ease of management and superb cash flow. Unit mix: one 2 bed/1 bath house and four 1 bed/1bath units. The prime location is in an upcoming area surrounded by plenty of large and new developments. Priced for a quick sale at only $990,000 this investment will not last long!
  1. Listed by Brian Gordon • DRE #01302670 • Lotus Property Services, Inc.

Property Details for 4875 Axtell Street

Parking Spaces Total
4
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2096
Assessor Parcel Number
5218-013-021
Property Attached YN
true

Location

Listing Courtesy of Lotus Property Services, Inc., Brian Gordon, DRE #01302670

Sold By IRN Realty, Chao Chiao, DRE #01101875

Add your commute
LISTING UPDATED: 04/20/2021 02:58 AM

Property Details for 4875 Axtell Street

StatusClosed
MLS #AR21023022
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
CountyLos Angeles County

Location

Listing Courtesy of Lotus Property Services, Inc., Brian Gordon, DRE #01302670

Sold By IRN Realty, Chao Chiao, DRE #01101875

Add your commute

Building Information for 4875 Axtell Street

Building/Complex4875 Axtell StFloor-Stories1Residences-Pet Policy-Year Built1924Building Size-

Payment Calculator

$5,808 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,820

Property Taxes

$988

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4875 Axtell Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $68,099
  • Gross Scheduled Income: $68,099
  • Net Operating Income: $47,318
  • Cap Rate: 4.78
  • Financing: Conventional
Expense Details
  • Operating Expense: $19,418
  • Operating Expense Percent: 29.00%
  • New Taxes Expense: $11,088
  • Gardener Expense: $260
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,190
  • Maintenance Expense: $2,002
  • Maintenance Percent: 5.00%
  • Professional Management Expense: $0
  • Trash Expense: $38
  • Water Sewer Expense: $3,840
  • Total Expenses: $19,418
Tax / Assessment Info
  • Tax Tract Number: 3478
  • Tax Census Tract: 2015.03
  • Tax Lot: 37
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Near Public Transit
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • 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: $1,591
  • Unit Type Total Rent: $1,591
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,044
  • Unit Type Total Rent: $4,044
  • Unit Type Pro Forma: 5400
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 4875 Axtell 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 4875 Axtell Street

Taxable ValueLand$593,028Additions$325,788Total$918,816
Tax Record2023$11,856 ($988 / month)
Home Facts
Total Finished SqFt2,096 SqFtAbove Grade Finished SqFt2,096 SqFtLot Size6,128 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLARD3CountyLOS ANGELESAPN5218-013-021

Schools near 4875 Axtell Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sierra Park Elementary School
PublicK to 6

Los Angeles Leadership Academy
Charter6 to 12

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior 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.

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 Lotus Property Services, Inc., Brian Gordon, DRE #01302670

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.