8900 Baring Cross Street

Los Angeles, CA 90044

$2,500,000
Last Sold Price
9
Beds
12
Baths
9,356 Sq. Ft.
$267 / Sq. Ft.
9,356
Sq. Ft.
$267
per Sq. Ft.

Description

Price just reduced $200,000! We are proud to present our latest investment opportunity located at 8900 Baring Cross. Priced at a current 4.94% Cap Rate, this 11 unit property features strong current cash flow and offers upside of 30% +/- for a new owner! The 9,356 square foot building has a unit mix of one 4 Bed unit, six 3 Bed units, and four 2 Bed units (Property legally 10 units, operated as 11 since before current ownership). The grounds feature onsite laundry facilities and ample parking for...Price just reduced $200,000! We are proud to present our latest investment opportunity located at 8900 Baring Cross. Priced at a current 4.94% Cap Rate, this 11 unit property features strong current cash flow and offers upside of 30% +/- for a new owner! The 9,356 square foot building has a unit mix of one 4 Bed unit, six 3 Bed units, and four 2 Bed units (Property legally 10 units, operated as 11 since before current ownership). The grounds feature onsite laundry facilities and ample parking for tenants.
  1. Listed by Josh Cohen • DRE #01346713 • Brokerage DRE #01368364 • Keller Williams Beach Cities

Property Details for 8900 Baring Cross Street

Parking Spaces Total
10
Private Pool
No
Total Units
11.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9356
Assessor Parcel Number
6038-018-029
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Beach Cities, Josh Cohen, DRE #01346713

Sold By Coldwell Banker Realty, Maria Samouha, DRE #01770340

Add your commute
LISTING UPDATED: 03/09/2022 05:17 AM

Property Details for 8900 Baring Cross Street

StatusClosed
MLS #SB21256802
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.21 AC / 9,029 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beach Cities, Josh Cohen, DRE #01346713

Sold By Coldwell Banker Realty, Maria Samouha, DRE #01770340

Add your commute

Building Information for 8900 Baring Cross Street

Stories2Residences-Year Built1963Building Size-Lot Size0.21 AC / 9,029 SF

Payment Calculator

$16,318 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$2,674

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8900 Baring Cross Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $222,804
  • Gross Scheduled Income: $222,804
  • Vacancy Allowance: 5570
  • Net Operating Income: $128,332
  • Other Income Description: Contact for more inc/exp info
  • Gross Multiplier: 11.4
  • Cap Rate: 5.13
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $90,235
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $90,235
  • Other Expense Description: Contact
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $90,235
Tax / Assessment Info
  • Tax Tract Number: 923
  • Tax Census Tract: 2403.00
  • CFD/Mello-Roos Fee: $1,425
  • Tax Lot: 50
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 11
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • 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: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $21,048
  • Unit Type Total Rent: $21,048
  • Unit Type Pro Forma: 33600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $134,820
  • Unit Type Total Rent: $134,820
  • Unit Type Pro Forma: 172800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $72,216
  • Unit Type Total Rent: $72,216
  • Unit Type Pro Forma: 91200
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1

Property History for 8900 Baring Cross 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 8900 Baring Cross Street

Taxable ValueLand$1,785,000Additions$765,000Total$2,550,000
Tax Record2023$32,093 ($2,674 / month)
Home Facts
Total Finished SqFt9,356 SqFtAbove Grade Finished SqFt9,356 SqFtLot Size9,029 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLARD3CountyLOS ANGELESAPN6038-018-029

Schools near 8900 Baring Cross Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Public - 6 to 8
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Manchester Avenue Elementary School
Public1 to 6

Bret Harte Preparatory Middle School
Public6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

Youth Opportunities Unlimited 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Keller Williams Beach Cities, Josh Cohen, DRE #01346713

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.