$1,100,000
$90K PRICE DROP

Estimated payment $6,791/month

Total Views 2,720
8 Beds
4 Baths
3,192 Sq Ft
$345 Price per Sq Ft

Highlights

  • Property is near a park
  • Quartz Countertops
  • Double Pane Windows
  • Wood Flooring
  • No HOA
  • Living Room

About This Home

Welcome to a prime investment opportunity in the vibrant Park Hills Heights area of Los Angeles! Nestled at 1919 West 35th Street, this four-unit rental property is a rare find, boasting a total of 8 bedrooms and 4 bathrooms across 3,192 square feet of living space. Each unit has been updated with modern conveniences, including newer kitchens, hardwood flooring, and energy-efficient dual pane windows. Spanning a 6,905 square foot lot, this property offers plenty of space for residents to enjoy. Detached garage where each unit benefits from its own garage space, ensuring secure parking and added convenience or storage space. The location is unbeatable, minutes from USC, LA Memorial Coliseum, with easy access to public transportation, downtown Los Angeles, bustling shopping centers, and major freeways, making it a highly desirable spot for tenants. Whether you're looking to expand your investment portfolio or seeking a promising rental property, this offering combines a smart investment with the comfort and convenience tenants seek. Don't miss out on this extraordinary opportunity!

Listing Agent

Geoffrey Rodil

Compass Brokerage Phone: 310-995-1008 License #02015920 Listed on: 05/06/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,590

Year Built

  • Built in 1945

Lot Details

  • 6,907 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Landscaped
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,192 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room
  • Dining Room with Fireplace
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Quartz Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 222
  • Assessor Parcel Number 5042033008
  • $519 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $120
  • Insurance Expense $3,160
  • Water Sewer Expense $800
  • Operating Expense $4,080
  • Gross Income $73,973
  • Net Operating Income $69,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,590

Year Built

Built in 1945

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 6.35
  • Price Per Unit: 275000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 800.00
  • Zoning: LAC2
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 120.00
  • Parcel Number: 5042033008
  • Year Built: 1945
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial, Quartz Counters
  • Stories: 2
  • Entry Location: front
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Dining Room, Family Room
  • Levels: One
  • Price Per Square Foot: 344.61
  • Room Type: Family Room, Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Cooktop
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped, Park Nearby
  • Lot Size Sq Ft: 6907.00
  • Lot Size Acres: 0.1586

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 798 Square Feet
  • Gross Income: 73973.00
  • Gross Multiplier: 14.87
  • Gross Scheduled Income: 73973.00
  • Insurance Expense: 3160.00
  • Lot Size Area: 6907.0000 Square Feet
  • Net Operating Income: 69893.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4080.00
  • Rent Control: Yes
  • Total Actual Rent: 6164.41
  • Total Expenses: 4080.00

Tax Info

  • Tax Area: 67
  • Tax Lot: 14
  • Tax Tract Number: 222...
  • Tax Annual Amount: 8590.00
  • TaxOtherAnnualAssessmentAmount: 519.00

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,590 $673,009 $480,724 $192,285
2023 $8,433 $659,814 $471,299 $188,515
2022 $8,056 $646,877 $462,058 $184,819
2021 $7,943 $634,195 $452,999 $181,196
2020 $8,019 $627,694 $448,355 $179,339
2019 $7,713 $615,387 $439,564 $175,823
2018 $7,625 $603,322 $430,946 $172,376
2016 $7,273 $579,897 $414,213 $165,684
2015 $7,170 $571,188 $407,992 $163,196
2014 $7,218 $560,000 $400,000 $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Price Changed $1,100,000 -7.6% $345 / Sq Ft
05/15/2025 05/15/25 For Sale $1,190,000 0.0% $373 / Sq Ft
05/14/2025 05/14/25 Off Market $1,190,000 -- --
05/06/2025 05/06/25 For Sale $1,190,000 +112.5% $373 / Sq Ft
11/13/2013 11/13/13 Sold $560,000 +1.9% $175 / Sq Ft
10/20/2013 10/20/13 Pending -- -- --
10/08/2013 10/08/13 For Sale $549,800 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $560,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $381,500 New Conventional
Closed $388,000 New Conventional
Closed $420,000 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25093490

California Regional Multiple Listing Service (CRMLS)

APN: 5042-033-008