931 South Hillview Avenue

Los Angeles, CA 90022

$1,050,000
Last Sold Price
3
Beds
9
Baths
3,983 Sq. Ft.
$264 / Sq. Ft.
3,983
Sq. Ft.
$264
per Sq. Ft.

Description

Priced To Sell! $1,099,000 Must Go! Seller has already Identified their 1031-Exchange Upleg. Seller will only consider Cash or Hard Money Offers. This 9 Unit Investment Opportunity Consists of Studios, 1 Bedroom & 2 Bedroom Units. Low Price Per Unit of $122,111 with a 5.72% Cap Rate and 10.50 GRM. Professionally Managed & Maintained with Realistic Rental Upside Potential of +/- 43%. The Property is Surrounded Predominantly by Single Family Homes and is a Walkers Paradise (Walk Score 90) within a...Priced To Sell! $1,099,000 Must Go! Seller has already Identified their 1031-Exchange Upleg. Seller will only consider Cash or Hard Money Offers. This 9 Unit Investment Opportunity Consists of Studios, 1 Bedroom & 2 Bedroom Units. Low Price Per Unit of $122,111 with a 5.72% Cap Rate and 10.50 GRM. Professionally Managed & Maintained with Realistic Rental Upside Potential of +/- 43%. The Property is Surrounded Predominantly by Single Family Homes and is a Walkers Paradise (Walk Score 90) within a Short Distance to many Shops & Restaurants on S Atlantic Blvd & Whittier Blvd. Landlord currently pays for all Electric & Gas utilities, there are 4 Electric meters & 3 Gas meters on the property. 1 Tenant is not paying rent. Property is Located in Unincorporated Los Angeles, LA County Rent Stabilization Ordinance Applies. Buyer to verify all information regarding unit mix, square feet, lot size, year built, rent control, etc.
  1. Listed by Shant Sherbetdjian • DRE #01713570 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 931 South Hillview Avenue

Zoning
LCR4YY
Parcel Number
6340002029
Total Units
9.0
Living Area
3983
Source Living Area
Owner
Area
East LA
Vacancy Rate
3%
Lot Size Area
5053

Location

Listing Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian, DRE #01713570

Sold By Liberty Investment Group, Carlos Estrada, DRE #01413560; BRC Advisors- BH, Mike Iryami, DRE #01825516

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LISTING UPDATED: 11/23/2021 09:17 AM

Property Details for 931 South Hillview Avenue

StatusSold
MLS #21-727860
Days on Market183
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.12 AC / 5,053 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian, DRE #01713570

Sold By Liberty Investment Group, Carlos Estrada, DRE #01413560; BRC Advisors- BH, Mike Iryami, DRE #01825516

Add your commute

Building Information for 931 South Hillview Avenue

Stories2Residences-Year Built1928Building Size-Lot Size0.12 AC / 5,053 SF

Payment Calculator

$7,428 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$1,698

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 931 South Hillview Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartment
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: $101,536
  • Net Operating Income: $62,908.00
  • Gross Income: $104,676
  • Cap Rate: 5.72%
  • Gross Rent Multiplier: $10.50
  • Total Annual Expense: 38627
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.116
  • Lot Size Square Feet: 5053
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 1
  • Open Other Spaces Total: 1
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-05-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,288.00
  • Unit Actual Rent: $1,288.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $919.00
  • Unit Actual Rent: $5,512.00
  • Unit Projected Rent: $8,400.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $961.00
  • Unit Actual Rent: $1,923.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $408,000.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $612,000.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,020,000.00

Property History for 931 South Hillview Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 931 South Hillview Avenue

Taxable ValueLand$714,000Additions$686,460Total$1,400,460
Tax Record2023$20,373 ($1,698 / month)
Home Facts
Total Finished SqFt3,983 SqFtAbove Grade Finished SqFt3,983 SqFtLot Size5,053 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLCR4YYCountyLOS ANGELESAPN6340-002-029

Schools near 931 South Hillview Avenue

This home is within Montebello Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Winter Gardens Elementary School
PublicK to 5

Montebello Intermediate School
Public6 to 8

Montebello High School
Public9 to 12

Montebello Community Day School
Public7 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 Remax Commercial and Investment Realty, Shant Sherbetdjian, DRE #01713570

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.