616 South Ford Boulevard

Los Angeles, CA 90022

$580,000
Last Sold Price
6
Beds
4
Baths
2,162 Sq. Ft.
$268 / Sq. Ft.
2,162
Sq. Ft.
$268
per Sq. Ft.

Description

**DO NOT DISTURB TENANTS** Fully occupied with great long term tenants and a value add opportunity. This is a wonderful cash flowing property to add to your portfolio with upside. Very easy to manage with very low maintenance. Water heaters/lines are new or newer, roof approx 17 years old, some electrical & one electrical panel replaced. Buyer (s) to do there due diligence on rent control/rent stabilization in the area.**DO NOT DISTURB TENANTS** Fully occupied with great long term tenants and a value add opportunity. This is a wonderful cash flowing property to add to your portfolio with upside. Very easy to manage with very low maintenance. Water heaters/lines are new or newer, roof approx 17 years old, some electrical & one electrical panel replaced. Buyer (s) to do there due diligence on rent control/rent stabilization in the area.

Listing Agent

  1. Sebastian Wolski

    Sebastian Wolski

    Listing Agent

    Compass

    DRE #01947480

Property Details for 616 South Ford Boulevard

Zoning
LCR3YY
Parcel Number
5247011003
Total Units
4.0
Living Area
2162
Source Living Area
Title Company
Area
East LA
Vacancy Rate
0
Lot Size Area
6531

Location

Listing Courtesy of Compass, Sebastian Wolski, DRE #01947480; Compass, Richard Alvarado, DRE #01987484

Sold By Compass, Sebastian Wolski, DRE #01947480; Compass, Richard Alvarado, DRE #01987484

Add your commute
LISTING UPDATED: 07/22/2019 12:44 PM

Property Details for 616 South Ford Boulevard

StatusSold
MLS #19-476954
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.15 AC / 6,531 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Sebastian Wolski, DRE #01947480; Compass, Richard Alvarado, DRE #01987484

Sold By Compass, Sebastian Wolski, DRE #01947480; Compass, Richard Alvarado, DRE #01987484

Add your commute

Building Information for 616 South Ford Boulevard

Stories-Residences-Year Built1947Building Size-Lot Size0.15 AC / 6,531 SF

Payment Calculator

$4,276 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,165

Property Taxes

$1,111

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 616 South Ford Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
Structure Info
Structure Info
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: .
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $55,500
  • Net Operating Income: $36,696.00
  • Gross Income: $55,500
  • Cap Rate: 5.65%
  • Gross Rent Multiplier: $11.70
  • Total Annual Expense: 18804
  • Water Expense: $6,900.00
  • Gas Expense: $0
  • Electric Expense: $.00
  • Trash Expense: $.00
  • Tax Expense: $7,800
  • Gardener Expense: $300
  • Insurance Expense: $1,800
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6531
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 4+ Car
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Air Conditioning
  • Heating Type: Forced Air
  • Equipment: Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 06-11-2019
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,025.00
  • Unit Actual Rent: $1,025.00
  • Unit Projected Rent: $1,150.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $1,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $148,578.00
  • Assessed Land Value: $104,005.00

Property History for 616 South Ford Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 616 South Ford Boulevard

Taxable ValueLand$468,180Additions$488,988Total$957,168
Tax Record2023$13,329 ($1,111 / month)
Home Facts
Total Finished SqFt2,162 SqFtAbove Grade Finished SqFt2,162 SqFtLot Size6,531 SqFtStyleQuadraplexYear Built1947ZoningLCR3YYCountyLOS ANGELESAPN5247-011-003

Schools near 616 South Ford Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 4
Charter - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
KIPP Raices Academy
CharterK to 4

KIPP Academy Of Innovation
Charter5 to 8

James A. Garfield 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 Compass, Sebastian Wolski, DRE #01947480; Compass, Richard Alvarado, DRE #01987484

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.