1344 W 98th Street Los Angeles, CA ^$ 900,000

1344 W 98th Street

^$ 900,000

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1344 W 98th Street

Los Angeles, CA, 90044

^$ 900,000

Bedrooms4 Baths4.0 Sq 2,734

Monthly Estimate*

^$ 6,287

Listed by Compass

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1344 W 98th Street, Los Angeles, CA 90044 - Image 12

Multi-Family Home for sale in Los Angeles, CA

for $900,000 with 4 bedrooms and 4 full baths. This 2,734 square foot home was built in 1948 on a lot size of 0.1436.

1344 West 98th is a four-unit value-add South LA property with approx. 52% upside compared to renovated units in the area. Located just north of Century Blvd. and Normandie Ave, the property is approx. 3.0 miles from The Village at Century, SoFi Stadium, Hollywood Park, and The Forum. 1344 West 98th features (4) 1-bdrm. units, across 3 structures, on a 6,256 SF lot zoned LCC3YY. This value-add opportunity is offered at $225,000 per unit and $329 per foot. At projected market rents, 1344 West 98th will stabilize at an 8.12% CAP and 9.44 GRM. Additional property amenities include a community laundry room and (4) 1-car garages that can be converted into ADUs (buyer to verify).

Multi-Family Active

Price

^$ 900,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1436

Year Built

1948

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24367725

Days on Market

Features

General

Appliances Refrigerator

Zoning LCC3YY

Garage Spaces 4.0

Security Features GatedCommunity

Year Built 1948

View None

Stories 2

Levels Two

Gross Income 63360.0

Community Features Gated

County Los Angeles

Net Operating Income 40350.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Located one block north of the intersection of Century Blvd. and Normandie Ave and 0.5 miles from Jesse Owens Park

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 4

MLS Area C36 - Metropolitan Southwest

Lot Size Square Feet 6256.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 98th

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Standard Status Active

Occupancy Description Tenant

Year Built Source Assessor

Cap Rate 4.48

Exterior

Parking Features DoorSingle Garage

Total Parking 4.0

Lot Size Area 6256.0

Number of Buildings 3

Spa N

Building Area Total 2734.0

Lot Size Acres 0.1436

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Laundry Features CommonArea

Total Bedrooms 4

Electric On Property Y/N N

Total Baths 4

Internal Only

Street Number 1 1344

* Excluded Features

List By

Compass

Broker

(818) 321-4972

Phone

Affordability Calculator

$6,287

Per Month

Monthly Principal & Interest: $6,287
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,000,821

Percent of Sale Price 122%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
3/20/2024	$900,000		Listed Price

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1344 W 98th Street, Los Angeles, CA, 90044 is a Multi-Family Home for sale at $900,000 with 2,734 sqft and a lot size of 0.1436. 1344 W 98th Street has 4 bedrooms, 4.0 baths, and was built in 1948. The property's zip code is 90044 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. 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.

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1344 W 98th Street

Multi-Family Home for sale in Los Angeles, CA

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