5748 Morley Street

Los Angeles, CA 90045

$1,175,000
Last Sold Price
5
Beds
3
Baths
2,280 Sq. Ft.
$515 / Sq. Ft.
2,280
Sq. Ft.
$515
per Sq. Ft.

Description

Nice 3 unit building in Westchester. Close to LAX. Fully rented and all tenants are current. Two units have been updated. the pictures are from when you units last vacated. Well maintained. Excellent Opportunity for Developers, Builders & Investors! (Zoned LAR3). Drive by only. No Sign on Property. Inside with accepted offer.Nice 3 unit building in Westchester. Close to LAX. Fully rented and all tenants are current. Two units have been updated. the pictures are from when you units last vacated. Well maintained. Excellent Opportunity for Developers, Builders & Investors! (Zoned LAR3). Drive by only. No Sign on Property. Inside with accepted offer.
  1. Listed by David Rosenfeld • DRE #01109090 • Brokerage DRE #01109090 • Advantage Real Estate

Property Details for 5748 Morley Street

Water Front
None
Zoning
LAR3
Style
Traditional
Accessibility Features
None
Parcel Number
4125011017
Total Units
3.0
Living Area
2280
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Advantage Real Estate, David Rosenfeld, DRE #01109090

Sold By D.G. Realty, Stuart Banerjee, DRE #00893654

Add your commute
LISTING UPDATED: 06/12/2021 08:57 AM

Property Details for 5748 Morley Street

StatusSold
MLS #21-712116
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.16 AC / 6,864 SF
CountyLos Angeles County

Location

Listing Courtesy of Advantage Real Estate, David Rosenfeld, DRE #01109090

Sold By D.G. Realty, Stuart Banerjee, DRE #00893654

Add your commute

Building Information for 5748 Morley Street

Stories2Residences-Year Built1950Building Size-Lot Size0.16 AC / 6,864 SF

Payment Calculator

$7,670 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,412

Property Taxes

$1,258

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5748 Morley Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Water: Water District
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Gas, Water Heater Unit, Tankless
  • Water District: Metropolitan Water District
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Cash
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $56,578
  • Net Operating Income: $36,989.70
  • Gross Income: $56,578
  • Gross Rent Multiplier: $21.19
  • Actual Annual Gross Rent: $56,578.20
  • Actual Gross Annual Income: $56,578
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 19588.50
  • Water Expense: $1,699.00
  • Tax Expense: $14,988
  • Gardener Expense: $1,200
  • Insurance Expense: $1,702
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alternate Street Name: 5746 Morley Street
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1576
  • Lot Size Square Feet: 6864
  • Lot Features: Front Yard
  • Lot Description: Front Yard
  • Lot Location: Flats, City
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 5
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 3
  • Parking Features: Assigned
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal, Dryer, Gas Or Electric Dryer Hookup, Stackable W/D Hookup, Range/Oven
  • Kitchen Features: Granite Counters
  • Bathroom Features: Low Flow Toilet(s)
  • Common Walls: Attached
  • Cooking Appliances: Range
  • Laundry: In Kitchen
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Patio Features: None
  • Windows: Double Pane Windows
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-05-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $1,595.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,124.00
  • Unit Actual Rent: $1,124.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Dishwasher: 2
  • Number of Disposal: 3
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 3
  • Number Range: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $282,462.00
  • Assessed Improvement Percent: 55.75
  • Assessed Land Value: $224,176.00
  • Assessed Land Percent: 44.25
  • Assessed Total Value: $506,638.00
  • Private Transfer Taxes: No

Property History for 5748 Morley 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 5748 Morley Street

Taxable ValueLand$925,956Additions$296,514Total$1,222,470
Tax Record2023$15,101 ($1,258 / month)
Home Facts
Total Finished SqFt2,280 SqFtAbove Grade Finished SqFt2,280 SqFtLot Size6,864 SqFtStyleTriplexYear Built1950ZoningLAR3CountyLOS ANGELESAPN4125-011-017

Schools near 5748 Morley Street

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
Westport Heights Elementary School
PublicK to 5

Westchester Enriched Sciences Magnets
Public9 to 12

Open Charter Magnet 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.

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 Advantage Real Estate, David Rosenfeld, DRE #01109090

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.