Excellent Investment Opportunity with Steady Cash Flow! Featuring a CAP Rate of 5.18% and a GRM of 13.03, this building houses two units, each with 4 bedrooms and 2 bathrooms. The upstairs and downstairs units both offer perfect-sized kitchens, a laundry area with hookups, private entrances, and ample assigned parking space. The open floor plans make these units feel exceptionally spacious. Currently, both units are occupied by long-term tenants, ensuring a stable income stream. Conveniently located just minutes from downtown Los Angeles, shopping centers, transportation, freeways, and the Metro. Don't miss out on this prime investment! Tenants are responsible for all utilities except for water, sewer, and landscaping. Please refer to the supplement section for the income statements. Additional interior photos, videos and income statements can be emailed upon request.
Property Details
Property Features
Property Information:
Year Built: 2006
Stories: 2
Listing Office:
Office Name: Ashby & Graff
Office Phone: (949) 899-2732
Listing Agent: Sepide Ashiq
Interior Features
Interior Information:
Flooring Type: Laminate, Tile
Interior: Open Floorplan
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot: Near Public Transit
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
School Info
Assigned Schools Information:
Animo Watts College Preparatory Academy, Public Charter Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Charles Drew Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Ninety-Ninth Street Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: 105 W Exit Central, R Central, R Clovis
Price Information
Listing Price Info
Price Summary:
List Price: $899,000
Tax Information:
Annual Amount: $8,438
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $96.9K less than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24093994
Listing Office:
Office Name: Ashby & Graff
Office Phone: (949) 899-2732
Listing Agent: Sepide Ashiq
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/1/2024, 10:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 14, 2017
Jun 14, 2017Home Sold
$620,000
Apr 06, 2012
Apr 06, 2012Home Sold
$280,000
Dec 02, 2010
Dec 02, 2010Home Sold
$217,800
Jun 17, 2010
Jun 17, 2010Home Sold
$217,800
Jul 17, 2006
Jul 17, 2006Home Sold
$650,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,438
$664,763
2020
$8,189
$657,948
2019
$8,087
$645,048
2018
$5,578
$632,400
2017
$5,578
$424,412
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Ninety-Ninth Street Elementary School
9900 Wadsworth Ave
Distance between this listing and this school0.39 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.49 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school16.53 miles
Public Magnet Grades KG-5
Middle School
2
/10
Charles Drew Middle School
8511 Compton Ave
Distance between this listing and this school0.78 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.62 miles
Public District Grades 6-8
High School
2
/10
Animo Watts College Preparatory Academy
12628 Avalon Blvd
Distance between this listing and this school2.38 miles
Public Charter Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.45 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school21.72 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Ninety-Ninth Street Elementary School
9900 Wadsworth Ave
Distance between this listing and this school0.39 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.49 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school16.53 miles
Public Magnet Grades KG-5
Assigned Schools
2
/10
Charles Drew Middle School
8511 Compton Ave
Distance between this listing and this school0.78 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.62 miles
Public District Grades 6-8
Nearby Schools
3
/10
Kipp Philosophers Academy
8300 S Central Ave
Distance between this listing and this school0.81 miles
Public Charter Grades 5-8
Assigned Schools
2
/10
Animo Watts College Preparatory Academy
12628 Avalon Blvd
Distance between this listing and this school2.38 miles
Public Charter Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.45 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school21.72 miles
The neighbors living near this home have an average income of $21,429. The majority of Los Angeles, CA residents have income less than $35k annually. The most common type of family is single, with kids. The majority of residents in this area have high school diploma education.
This home is located at 9308 Clovis Ave in Los Angeles, CA and zip code 90002 in the Green Meadows neighborhood. This home, which was built in 2006, sits on a 0.10 acre lot. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $899,000.
Los Angeles, CA housing market in May 2024 saw over 766 listings sold above listed price, more than 198 sold at listed price and over 625 sold below. The number of listings in Los Angeles, CA increased by 15.4% between April 2024 and May 2024. In May 2024 median list price was $995,939 and the average listing age was 33 days.
From Rocket Homes Real Estate and based on county public records data.