225 W Imperial Hwy
Los Angeles, CA 90061

225 W Imperial Hwy
Los Angeles, CA 90061

  • 4 baths
  • 3,720 sqft
  • 6,471 sqft lot size
  • Multi-Family
Off Market · Sold on Aug 11, 2017
$622,000
225 W Imperial Hwy
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  • See the local terrain and how close this home is to parks and main streets.

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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Moderate crime relative to the rest of Los Angeles county.

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  • 86% of residents commute by car.

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  • 46 Restaurants

    12 Grocery stores

    4 Nightlife

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Off Market · Sold on Aug 11, 2017

Home Details

Overview
  • Multi-Family
  • 4 Baths
  • Built in 1964
  • 6,471 sqft lot size
  • 3,720 sqft
Description

This property is no longer available to rent or buy. This description is from August 07, 2014
It doesn't get much better than 12.67% cash on cash return! That's what a new buyer is looking at immediately after the close of escrow, period. We are pleased to introduce the sale of the 'Encore Apartments' at 225 W Imperial Hwy. The property consists of four spacious 2 bedroom apartments bringing in a steady stream of monthly income. Each unit is separately metered for gas and electricity and all tenants enjoy onsite parking. 'Encore' has undergone many recent renovations in the last year including new exterior paint and repaved common areas. Located near the 105, 110, 710, 405, and 91 freeways - tenant's are just minutes to the many significant points throughout the city. Forget parking your money in the Westside and waiting for the market to take off! Invest with the intent of making a positive cash flow today. Buy, hold, refi/sell and buy more. This is the property for you!

Price History
Date
Price
Event

08/11/2017
$622,000
Sold
Recording Date
08/11/2017
Contract Date
08/08/2017
Sale Price
$622,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
$684
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

01/19/2017
$645,000
Posting removed

10/19/2016
$645,000
Listed for sale

10/28/2014
$525,000
Sold
Recording Date
10/28/2014
Contract Date
09/09/2014
Sale Price
$525,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
$578
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

09/08/2014
$525,000
Posting removed

08/06/2014
$525,000
Listed for sale

09/09/2013
$275,000
Sold
Recording Date
09/09/2013
Contract Date
08/27/2013
Sale Price
$275,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
$303
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

05/02/2013
$395,000
Posting removed

11/02/2012
$395,000
Listed for sale

Property Taxes and Assessment
Year
2017
Tax
$7,421.97
Assessments
$543,664
Land
$258,888
Improvements
$284,776
Total
$543,664
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 90061
$362,840
42% below sold price
Median Sale Price for 90061
$362,500
42% below sold price
Average Sale price/sqft for 90061
$334/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
5.37
Multi-Family
$685,000
10/20/17
8
4
3,684
5.13
Multi-Family
$690,000
10/31/17
4
4
4,232
1.89
Multi-Family
$530,000
10/26/17
6
4
3,080
5.98
Multi-Family
$825,000
11/16/17
5
5
2,674
3.34
Multi-Family
$530,000
10/31/17
4
2
2,109
7.51
Multi-Family
$745,000
11/01/17
6
5
3,250
5.85
Multi-Family
$640,000
10/31/17
6
4
2,496
1.83
Multi-Family
$595,000
11/01/17
7
5
3,415
1.23
Multi-Family
$550,000
11/01/17
-
-
4,802
3.19
Multi-Family
$600,000
11/01/17
4
3
2,330

Contact Info


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