501 Loma Drive
501 Loma Drive
$1,220,000
7
7
5,237
5,237
$233
Sold 8/6/20
Description
Major price reduction of $190,000. The new asking price is $1,300,000. 501 South Loma Drive is a 7-unit multifamily property. Built in 1939, the property was constructed of low-density pre-war style architecture with a two-story, walk-up structure with plenty of character. Units offer walk-in closets, hardwood floors, built-in cabinetry and large windows. All units have private garages, and most have front and rear entrances. The unit-mix contains six one-bedrooms with one-bathroom and one unit that...Major price reduction of $190,000. The new asking price is $1,300,000. 501 South Loma Drive is a 7-unit multifamily property. Built in 1939, the property was constructed of low-density pre-war style architecture with a two-story, walk-up structure with plenty of character. Units offer walk-in closets, hardwood floors, built-in cabinetry and large windows. All units have private garages, and most have front and rear entrances. The unit-mix contains six one-bedrooms with one-bathroom and one unit that is a one-bedroom with one-bathroom and a den that features French doors off a large balcony. All units are individually metered for gas and electricity. Two units to be delivered vacant at close-of-escrow. A very early-stage project for 36-units was started. The property location is ideally zoned LAR4 and situated in a Transit Oriented Communities (TOC) Tier 3 zone. Buyer to perform their own due diligence and investigations into this investment offering.
- Listed by Brent Sprenkle • DRE #01290116 • Brokerage DRE #00843890 • Berkadia
Property Details for 501 Loma Drive
Zoning
LAR4
Parcel Number5153006013
Total Units7.0
Living Area5237
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
Vacancy Rate2
Lot Size Area8333
Location
LISTING UPDATED: 08/07/2020 08:13 PM
Property Details for 501 Loma Drive
Status | Sold |
---|---|
MLS # | 20-567060 |
Days on Market | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1939 |
Lot Size | 0.19 AC / 8,333 SF |
County | Los Angeles County |
Location
Building Information for 501 Loma Drive
Stories2Residences-Year Built1939Building Size-Lot Size0.19 AC / 8,333 SF
Payment Calculator
$8,021 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 501 Loma Drive
Property History for 501 Loma Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 501 Loma Drive
Taxable ValueLand$509,796Additions$759,692Total$1,269,488
Tax Record2023$16,354 ($1,363 / month)
Home Facts
Total Finished SqFt5,237 SqFtAbove Grade Finished SqFt5,237 SqFtLot Size8,333 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningLAR4CountyLOS ANGELESAPN5153-006-013
Schools near 501 Loma 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 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
John H. Liechty Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice 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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