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645 W 97th St, Los Angeles, CA, 90044

$1,986,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
9 Baths
4,800 SqFt
$414/SqFt
House

Location

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645 W 97th St, Los Angeles$1,986,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAttached Carport, Door-Multi, Driveway, Garage
Attached GarageYes
Year Built2019
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewNone
MLS #24458067
Lot Size0.14 Acres
StatusActive

About 645 W 97th St

RENT INCREASES APPROVED AND NEWER CONSTRUCTION PRICED AT 6% CAP RATE! Modern spacious triplex newly built in 2019. Centrally located with easy access to freeways, restaurants, shopping, and more. The front home is a completely independent, detached home with 4 beds, 3 baths, 1,700 square feet, and a two car garage. Separate building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths, and 1,561 square feet. All units promise consistent cash flow at maximum approved rents. All are designed with open living space floorplans, primary bedroom suites, and in-unit laundry. Due to the units being brand new construction as of 2019, the property is not subject to rent control, there are close to zero maintenance costs, and the new construction building warranty guarantees the new owner against latent defects. Hardscaped exterior driveways allow for ample parking, with additional yard space secured by a gate, which also adds extra security for the grounds. All units are separately metered for gas, electricity, and water, with each tenant paying their own utilities. Significant potential for appreciation based on upcoming nearby Olympic and World Cup events, expanding public transportation system, and an influx of investment into the area. Priced at a cap rate of 6% this deal is a no-brainer.

Property Details

Property Features

Property Information:

  • Architectural Style: Modern
  • Year Built: 2019
  • Stories: 2
  • Living Area: 4,800 SqFt

Listing Office:

  • Office Name: Esquire Real Estate Brokerage, Inc.
  • Listing Agent: Amir Torkamani

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • View: None

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached Carport, Door-Multi, Driveway, Garage

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: North of Vermont, west of 110.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,986,000
  • Price Per SqFt: $414/SqFt

Tax Information:

  • Annual Amount: $16,308
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

645 W 97th St vs Los Angeles

33 DAYS ON ROCKET

-5 Days

$1,986,000

+$964.4K More

$414/SqFt

-$226 Less

KEY TAKEAWAY

This property is $964.4K more than the Median Sold Price and $226/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24458067

Listing Office:

  • Office Name: Esquire Real Estate Brokerage, Inc.
  • Listing Agent: Amir Torkamani

IDX 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: 12/3/2024, 1:20:58 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

May 05, 2020Home Sold
$1,349,000
Jan 30, 2006Home Sold
$285,000

Tax History

YEARPROP. TAXASSESSMENT
2021$16,308$1,362,975
2020$1,567$397,800
2019$3,235$258,971
2018$3,169$253,894
2017$3,169$248,917

History based on county public records data.

Payment Calculator

$9,980

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,021

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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.

Nearby Schools

school-card-donut-3510982
3
/10

  • Charles W. Barrett STEAM Academy

  • 419 W 98th St

  • 0.30 miles

  • Public District Grades KG-5

school-card-donut-3510983
3
/10

  • 95th Street Elementary School

  • 1109 W 96th St

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-3510984
7
/10

  • Watts Learning Center

  • 310 W 95th St

  • 0.45 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,276. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 645 W 97th St

What is the listing price of this property?

The listing price of 645 W 97th St property is $1,986,000.

What type of property is this?

The property 645 W 97th St is a house located in Los Angeles, California, 90044.

Is this property for sale now?

Active Listing: 645 W 97th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $16,308 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 5, 2020 for $1,349,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 645 W 97th St has 12 bedrooms and 9 bathrooms.

What is the square footage of this property?

The property 645 W 97th St is 4,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 645 W 97th St is 2019.

Rocket Homes›California›Los Angeles County›Los Angeles›90044›645 W 97th St

This home is located at 645 W 97th St in Los Angeles, CA and zip code 90044 in the Vermont Vista neighborhood. This 4,800 square foot home, which was built in 2019, sits on a 0.14 acre lot. Features: 12 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $1,986,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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