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Image 1 - 1344 W 98th St, Los Angeles, California, 90044 - House for sale
Image 2 - 1344 W 98th St, Los Angeles, California, 90044 - House for sale
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Image 4 - 1344 W 98th St, Los Angeles, California, 90044 - House for sale
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Home For Sale In Los Angeles, California
1344 W 98th St, Los Angeles, California, 90044

Home For Sale In Los Angeles, California

house for sale
Listed: 03/15/24

1344 W 98th St, Los Angeles, California, 90044

4 Bed:
4 Bath:
2,734 Sq Ft Living Area:
Save
Price
$ 900,000

About This House

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 a6, 256 SFlot zonedLCC3YY.This value-add opportunity is offered at$225, 000per unit and $329 per foot. At projected market rents, 1344 West 98th will stabilize at an 8.12% CAP and9.44 GRM.Additional property amenities include a community laundry room and (4) 1-car garages that can be converted into ADUs (buyer to verify).

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Westmont Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.