Charming single-family home is a fantastic investment opportunity with a generous lot size of 6,289 sq ft, providing ample outdoor space, with mature trees & plenty of shade!
The home itself is a cozy 912 sq ft and features 2 bedrooms plus 1 bathroom. Tax records say 3 bds; there is a detached room with lots of deferred maintenance and potential in the back yard. With LAR2 "two family" zoning... you can think big & decide to build another unit &/or an ADU.
Located in the heart of Los Angeles, this property is surrounded by a variety of local amenities, and is not RSO. It’s conveniently close to the 105 & 110 freeways, making commuting a breeze.
Restaurants, grocery, and home improvement stores all close at hand. Magic Johnson & multiple other parks nearby. Reasonable 20 min drive to LAX or Long Beach airports.
Ready for your next investment or in a time crunch on your 1031 exchange? Don’t miss out on this great opportunity to invest in a property in central Los Angeles with so much potential!
Sold for $425,000
Listed by: First Team Real Estate • Angie Weeks • Contact: 949-458-1033
Bought with: Good Opportunity Company Inc.
$425,000
326 E 116th St, Los Angeles, CA 90061
3beds
1baths
912sqft
Multi Family
Built in 1928
-- sqft lot
$420,200 Zestimate®
$466/sqft
$2,778 Estimated rent
Home value
$420,200
$378,000 - $466,000
$2,778/mo
Zestimate® history
Owner options
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$2,778/mo
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$2,778/mo
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$2,690/mo
Est. payment
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$2,690/mo
Est. payment
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List your homeWhat's special
Mature treesGenerous lot size
Zillow last checked:
Listing updated:
Listed by:
Angie Weeks DRE #01398537 949-338-7408,
First Team Real Estate,
Jay Dharmasuriya DRE #00815366,
Realty Brokerage Group Inc
Bought with:
Alberto A Romero Meza, DRE #01705343
Good Opportunity Company Inc.
Source: CRMLS,MLS#: OC24198015
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Features: Bedroom on Main Level
Bedroom
- Features: All Bedrooms Down
Cooling
- None
Appliances
- Laundry: Inside
Features
- All Bedrooms Down, Bedroom on Main Level
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 912
- Total interior livable area: 912 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached Carport, Driveway
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: front door
- Pool features: None
- Spa features: None
- Fencing: Average Condition
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,289 Square Feet
- Features: Level, Rectangular Lot, Yard
Details
- Additional structures: Shed(s)
- Parcel number: 6083008015
- Zoning: LAR2
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Concrete, Stucco
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks
- Security: Carbon Monoxide Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $466/sqft
- Tax assessed value: $111,060
- Annual tax amount: $1,844
- Date on market: 9/23/2024
- Cumulative days on market: 178 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA 203(k),FHA,Submit,VA Loan
- Total actual rent: 1500
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/5/2025 | Sold | $425,000-14.8%$466/sqft |
Source:  CRMLS #OC24198015 Report a problem | ||
| 3/20/2025 | Pending sale | $499,000$547/sqft |
Source: CRMLS #OC24198015 Report a problem | ||
| 9/24/2024 | Listed for sale | $499,000$547/sqft |
Source: CRMLS #OC24198015 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,844 +3.7% | $111,060 +2% |
| 2024 | $1,778 +1.7% | $108,883 +2% |
| 2023 | $1,749 +4.1% | $106,749 +2% |
| 2022 | $1,680 +1.4% | $104,656 +2% |
| 2021 | $1,656 -0.6% | $102,605 +1% |
| 2020 | $1,666 | $101,553 +2% |
| 2019 | $1,666 +8.4% | $99,562 +2% |
| 2018 | $1,537 | $97,611 +2% |
| 2017 | $1,537 +2.3% | $95,698 +2% |
| 2016 | $1,503 +2.9% | $93,822 +1.5% |
| 2015 | $1,460 +0.9% | $92,414 +2% |
| 2014 | $1,448 | $90,605 +2.5% |
| 2012 | -- | $88,429 +2% |
| 2011 | -- | $86,696 +0.8% |
| 2010 | -- | $86,049 -0.2% |
| 2009 | -- | $86,255 +2% |
| 2008 | -- | $84,565 +2% |
| 2007 | -- | $82,908 +2% |
| 2006 | -- | $81,283 |
| 2005 | -- | $81,283 +4% |
| 2004 | -- | $78,128 +1.9% |
| 2003 | -- | $76,697 +2% |
| 2002 | -- | $75,194 +4% |
| 2000 | -- | $72,277 |
Find assessor info on the county website
Neighborhood: Southeast Los Angeles
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Nearby schools
GreatSchools rating
- 4/10One Hundred Eighteenth Street SchoolGrades: K-5Distance: 0.3 mi
- 3/10Samuel Gompers Middle SchoolGrades: 6-8Distance: 0.3 mi
- 3/10Alain Leroy Locke College Prep AcademyGrades: 9-12Distance: 0.5 mi
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Estimated market value
$420,200
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Estimated market value
$420,200
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