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Sold for $1,040,000
  • Listed by: Lyon Stahl Investment Real Estate, Inc. • Cameron Samimi • Contact: 310-425-9838
    Bought with: Silverwood Properties
    $1,040,000

    1246 W 96th St, Los Angeles, CA 90044

    8beds
    4baths
    2,808sqft
    Triplex
    Built in 1957
    -- sqft lot
    $1,108,400 Zestimate®
    $370/sqft
    $2,183 Estimated rent

    Home value

    $1,108,400

    $1.04M - $1.19M

    $2,183/mo

    Zestimate® history
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    $2,183/mo

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    What's special

    Central ac throughoutNew floorsNew roofCopper plumbing
    Cash Cow! Perfect for an Owner User. 7.16% Cap Rate and 10.42 GRM! Can deliver 1 or 2 units vacant at the close of escrow upon buyer's choice. Beautifully remodeled triplex located at 1246 W 96th St, Los Angeles! This gem is comprised of a 4Bed+2Bath House and two 2Bed+1Bath duplex in the back. Both 2Bed+1Bath units are currently vacant and are rent/owner-user ready. Once the property is fully occupied, it will operate at a 7.16% CAP and 10.42 GRM - this is the best cash-flow deal on the market! 1246 W 96th St features stunning remodels, including new floors, cabinets, countertops, bathrooms, appliances, etc. There is also copper plumbing and central AC throughout both buildings, as well as a new roof and washer/dryer hookups on the 4Bed house. All interior work has been done for the new owner making this an extremely low maintenance property ! Plenty of parking throughout - 2 parking spots for each 2Bed units and 6 spots for the 4Bed House. With one of the high CAP rate and lowest GRM on the market, this is the perfect investment for any buyer looking for high cash-flow and low maintenance or a move-in-ready property where your tenants pay your mortgage.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cameron Samimi DRE #02035763 310-259-7556,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    Ken Shapiro, DRE #01715663

    Silverwood Properties

    Source: CRMLS,MLS#: SB23179711MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Cooling
    • Central Air
    Appliances
    • Laundry: Inside
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,808
    • Total interior livable area: 2,808 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 7,154 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 6056013010
    • Zoning: LCR320U*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Urban
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $370/sqft
    • Tax assessed value: $1,060,800
    • Annual tax amount: $14,712
    • Date on market: 9/28/2023
    • Cumulative days on market: 76 days
    • Listing terms: Cash,Conventional,Cal Vet Loan,1031 Exchange,FHA,Government Loan

    Price history

    DateEventPrice
    1/8/2024Sold$1,040,000-0.9%$370/sqft
    Source: CRMLS #SB23179711 Report a problem
    12/21/2023Contingent$1,049,000$374/sqft
    Source: CRMLS #SB23179711 Report a problem
    11/28/2023Listed for sale$1,049,000+57.7%$374/sqft
    Source: CRMLS #SB23179711 Report a problem
    5/26/2023Sold$665,000+504.5%$237/sqft
    Source: Public Record Report a problem
    3/15/1995Sold$110,000-36.1%$39/sqft
    Source: Public Record Report a problem
    2/7/1994Sold$172,099$61/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,712 +48.9%$1,060,800 +56.4%
    2024$9,879 +72.9%$678,300 +94.3%
    2023$5,714 +4.1%$349,055 +2%
    2022$5,489 +1%$342,212 +2%
    2021$5,433 -0.6%$335,503 +1%
    2020$5,465 $332,064 +2%
    2019$5,465 +6.1%$325,554 +2%
    2018$5,149 $319,171 +2%
    2017$5,149 +1.7%$312,913 +2%
    2016$5,062 +2.9%$306,778 +1.5%
    2015$4,917 +1.2%$302,170 +2%
    2014$4,860 $296,252 +4.5%
    2011-- $283,464 +0.5%
    2009-- $282,016 +4%
    2007-- $271,067 +2%
    2006-- $265,753 +21.6%
    2004-- $218,553 +1.9%
    2003-- $214,548 +2%
    2002-- $210,342 +4%
    2000-- $202,176
    Find assessor info on the county website

    Neighborhood: 90044

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,108,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,108,400