New - 2 days on Rocket
$10,000 Closing Credit¹
#25491163, Griffin White, Listing Office: BRC Advisors- BH
$10,000
closing credit¹
645 W 97th St Los Angeles, CA 90044
$1,986,000 List price
$10,000
Closing credit¹
12 beds
9 baths
4,800 sqft
0.1 acres
$414 / sqft
House
Property details
About 645 W 97th St
RENT INCREASES APPROVED AND NEWER CONSTRUCTION PRICED AT 6% CAP RATE! Modern spacious triplex newly built in 2019. 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, the property is not subject to rent control, there are close to zero maintenance costs, and the new construction building warranty guarantees the new owner against latent defects. 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.
Highlights
Home typeOther
HeatingCentral
StatusActive
CoolingCentral Air
Size4,800 sqft
Lot size0.1447 Acres
Year built2019
ParkingAttached Carport, Door-Multi, Driveway, Garage
MLS #24458067
Attached garageYes
Summary
- MLS Number: 24458067
- MLS Name: CRMLS
- Office Name: Esquire Real Estate Brokerage, Inc.
- Listing Agent: Amir Torkamani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 5:00:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,986,000
645 W 97th St
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 05, 2020 | Home Sold | $1,349,000 |
| Mar 19, 2019 | Home Sold | $390,000 |
| Jan 30, 2006 | Home Sold | $285,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,446,397 | $17,958 |
| 2023 | $1,418,037 | $17,309 |
| 2022 | $1,390,233 | $16,504 |
| 2021 | $1,362,975 | $16,307 |
| 2020 | $397,800 | $1,567 |
| 2019 | $258,971 | $3,235 |
| 2018 | $253,894 | $3,168 |
| 2017 | $248,917 | $3,168 |
History based on county public records data.
Nearby schools
3
Charles W. Barrett STEAM Academy
Public District KG-5
0.3 mi
•419 W 98th St
3
95th Street Elementary School
Public District KG-5
0.4 mi
•1109 W 96th St
7
Watts Learning Center
Public Charter KG-5
0.4 mi
•310 W 95th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,276. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Residents typically live in single, with kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
43%
<35k
53%
35k-100k
3%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
28%
Single, No Kids
33%
Single, with Kids
10%
Married, No Kids
29%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
12%
12-17 yrs old
26%
18-34 yrs old
34%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 645 W 97th St
This home is located at 645 W 97th St in Los Angeles, CA and zip code 90044 in the Vermont Vista neighborhood. This 4,800 square foot home, which was built in 2019, sits on a 0.14 acre lot. Features: 12 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $1,986,000.
Over 524 listings were sold over their listed price in December 2024 in Los Angeles, CA. In the same period over 740 listings were sold below the listed price and 203 listings were sold for the listed price. In December 2024 in Los Angeles, CA there were 5.3% less homes for sale than in November. Listings spent 41 days on the market in December 2024, and had a median list price of $1,026,634 during the same period.
From Rocket Homes Real Estate and based on county public records data.