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645 W 97th Street

Los Angeles, CA 90044

– beds
– baths
– sqft
6,301 sqft lot
2019 build
– on site

RENT INCREASES APPROVED AND NEWER CONSTRUCTION PRICED AT 6% CAP RATE! Modern spacious triplex newly built in 2019 and not under rent control. 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, there are close to zero maintenance costs and the new construction building warranty guarantees the new owner against latent hidden repairs and/or costs. 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.

Listed By CRMLS_CA / Amir Torkamani / Esquire Real Estate Brokerage, Inc.

Last checked: Checking… • Last updated Nov 7, 2024 •

MLS# 24458067 —

This property is listed in more than one place. See it here.

The Building

Year Built:

2019
Year Built Source:

Builder
New Construction:

No
Architectural Style:

Modern
Entry Level:

1
Building Area Total:

4800.00
# of Buildings:

3
Total Number Of Units:

3
Stories Total:

2
# of Separate Gas Meters:

3
# of Separate Water Meters:

3

Interior

Levels:

Two
Entry Location:

Main Level
Fireplace:

No
Fireplace:

None
Laundry:

Washer Included, Dryer Included
Laundry:

1

Location

Directions:

North of Vermont, west of 110.
Latitude:

33.94843100
Longitude:

-118.28633800

The Property

Property Type:

Residential Income
Property Condition:

Updated/Remodeled
Zoning:

LARD2
Lot Size Area:

6301.0000
Lot Size Dimensions:

45x140
Lot Size Acres:

0.1447
Lot Size SqFt:

6301.00
View:

None

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6054027027

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Appliances

Appliances:

Dishwasher, Disposal, Microwave, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Attached Carport, Driveway, Garage - Two Door
Parking Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

AT&T Internet

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
10/30/24 Oct 30, 2024	Listed / Active	CRMLS_CA	$1,986,000	47.2% (10.5% / YR)
9/4/24 Sep 4, 2024	Price Changed	CRMLS_CA
7/31/24 Jul 31, 2024	Price Changed	CRMLS_CA

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This multifamily located in South LA, Los Angeles, CA 90044 is currently for sale for $1,986,000. 645 W 97th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 25 days. 645 W 97th Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 66, making it somewhat walkable. This multifamily is in the attendance area of Bret Harte Preparatory Middle School, Charles W Barrett Elementary School, and Alain Leroy Locke College Preparatory Academy.

Listing Courtesy of: CRMLS_CA and Esquire Real Estate Brokerage, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 13:00 on Nov 24.

This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.