5534 Geer Avenue

Los Angeles, CA 90016

$950,000
Last Sold Price
3
Beds
2
Baths
1,332 Sq. Ft.
$713 / Sq. Ft.
1,332
Sq. Ft.
$713
per Sq. Ft.

Description

We are pleased to exclusively offer for sale this sleek Duplex located in the lively West Adams neighborhood of Los Angeles. This 4,798 SF Tier 3 TOC Lot runs adjacent to Culver City and is strategically positioned near Amazon Studios, HBO Headquarters, and the La Cienega/Jefferson & Expo/La Brea Transit Stations. The building features a Fully Remodeled Owner’s Unit in the back that will be delivered VACANT. This beautifully designed unit boasts a well-lit and open floor plan, new stainless steel...We are pleased to exclusively offer for sale this sleek Duplex located in the lively West Adams neighborhood of Los Angeles. This 4,798 SF Tier 3 TOC Lot runs adjacent to Culver City and is strategically positioned near Amazon Studios, HBO Headquarters, and the La Cienega/Jefferson & Expo/La Brea Transit Stations. The building features a Fully Remodeled Owner’s Unit in the back that will be delivered VACANT. This beautifully designed unit boasts a well-lit and open floor plan, new stainless steel appliances and HVAC system, tasteful finishes and fixtures in both the kitchen and bathroom, and new hardwood/tile flooring throughout. This 793 SF, 1 Bed/1 Bath structure is accompanied by an attached ~160 SF addition (with all the same finishes) that can double as an Office or a 2nd Bdrm. Further, this Back Unit is served by a gated perimeter that provides its occupant w/ a privately secluded, outdoor oasis that is lush with ample outdoor living space, a hip lounge/fireplace area, and gorgeous greenery throughout. In the front half of the lot, there is a detached, 1 Bed/1 Bath Unit that’s been recently renovated and features an open floor plan, laminate flooring, and a large kitchen w/ a breakfast bar and abundant cabinet space. In addition, the tenants have access to a 2-Car Carport and (6) Total Parking Spaces on site, which is especially significant in this parking impacted submarket. Also, there are (2) detached, ~80 SF Storage Units that can most certainly be leveraged for additional income. All in all, the building’s close proximity to USC, DTLA, etc provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, especially as it falls in an “Opportunity Zone”.
  1. Listed by Keaton Quaack • DRE #02172607 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 562-743-8204
  2. Listed by Joshua Barut • DRE #01971720 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 5534 Geer Avenue

View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1332

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Keaton Quaack, DRE #02172607; Lyon Stahl Investment Real Estate, Inc., Joshua Barut, DRE #01971720

Sold By KW Advisors, Richard Schulman, DRE #01427211; KW Advisors, Amy Johns, DRE #02055816

Add your commute
LISTING UPDATED: 05/04/2023 08:17 AM

Property Details for 5534 Geer Avenue

StatusClosed
MLS #SB23030132
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.11 AC / 4,798 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Keaton Quaack, DRE #02172607; Lyon Stahl Investment Real Estate, Inc., Joshua Barut, DRE #01971720

Sold By KW Advisors, Richard Schulman, DRE #01427211; KW Advisors, Amy Johns, DRE #02055816

Add your commute

Building Information for 5534 Geer Avenue

Stories-Residences-Year Built1966Building Size-Lot Size0.11 AC / 4,798 SF

Payment Calculator

$5,185 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5534 Geer Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $57,480
  • Gross Scheduled Income: $57,480
  • Vacancy Allowance: 2874
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $54,606
  • Net Operating Income: $37,281
  • Gross Multiplier: 19.14
  • Cap Rate: 3.39
  • Financing: Cash
Expense Details
  • Operating Expense: $17,325
  • New Taxes Expense: $13,201
  • Insurance Expense: $799
  • Trash Expense: $600
  • Water Sewer Expense: $1,000
  • Total Expenses: $16,632
Tax / Assessment Info
  • Tax Tract Number: 219...
  • Tax Census Tract: 2199.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 182
Community / Development
Community / Development
  • Accessibility Features: Doors - Swing In, Parking
  • Disability Access: Doors - Swing In, Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Biking, Curbs, Dog Park, Gutters, Park, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: Freezer, Disposal, Gas Oven, Gas Cooktop, Microwave, Refrigerator
  • Equipment: Freezer, Gas Dryer Hookup, Microwave, Refrigerator, Washer Hookup
  • Interior Features: Beamed Ceilings, Storage
  • Room Type: Entry, Kitchen, Living Room, Office, Walk-In Closet
  • Bedroom Features: WalkInCloset
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Wood
Exterior Features
  • Door Features: Double Door Entry
  • Window Features: Screens
  • Security Features: Carbon Monoxide Detector(s), Card/Code Access, Smoke Detector(s)
  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Other Structures: Shed(s), Storage
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: Above Ground
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Landscaped, Rectangular Lot, Near Public Transit, Paved, Rocks, Sprinkler System, Sprinklers In Front, Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Privately Maintained
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2450
  • 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: $3,150
  • Unit Type Total Rent: $3,150
  • Unit Type Pro Forma: 3150
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 5534 Geer Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5534 Geer Avenue

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 5
Rating
School
Distance
Marvin Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

New Los Angeles Elementary School
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 Lyon Stahl Investment Real Estate, Inc., Keaton Quaack, DRE #02172607; Lyon Stahl Investment Real Estate, Inc., Joshua Barut, DRE #01971720

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.