NOT LISTED FOR SALE
12 Beds
7 Baths
5,700 Sq Ft
9,091 Sq Ft Lot

Sale Details

Date Sold: March 11, 2016

Last sale price $1,150,000 $202 Per Sq Ft

3 Days on Market

Highlights

  • Fireplace in Bathroom
  • Modern Architecture
  • Laundry Room
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Wrought Iron Fence

About This Home

As of March 2016

Pride of ownership of this 6-unit apartment, owned since new in 1979. No lead-base paint problem. Well maintained. New roof and exterior paint. Great interior condition. Excellent quiet rental area. Directly across street from L.A. County court house. Walk to library in 2 minutes. Each unit has its own garage. Easy freeway access.

Last Agent to Sell the Property

Tim Feng

Goldkey Realty License #00777600 Listed on: 12/27/2015

Last Buyer's Agent

Alex Suk Joon

Team Spirit Realty, Inc. License #01843430

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 9,091 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Modern Architecture
  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,700 Sq Ft Home
  • Gas Fireplace
  • Casement Windows
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 7 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • 220 Volts in Kitchen
  • Central Water Heater

Additional Features

  • Doors are 32 inches wide or more
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, HVAC maintenance
  • Tax Lot 297
  • Tax Tract Number 2267
  • Assessor Parcel Number 7109016012

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Insurance Expense $1,671
  • Professional Management Expense $9,718
  • Trash Expense $1,418
  • Water Sewer Expense $1,700
  • New Taxes Expense $16,778
  • Gross Income $7,970
  • Net Operating Income $69,748

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

9,091 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 5.82
  • Professional Management Expense: 9718.00
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1700.00
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Parcel Number: 7109016012
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Family Room, Gas
  • Price Per Square Foot: 201.75
  • Room Type: All Bedrooms Up
  • Window Features: Casement Windows

Exterior Features

  • Foundation: Slab
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Disposal, Water Heater Central
  • Electric: 220 Volts in Kitchen
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 1418.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9091.00
  • Price Per Lot Square Foot: 126.50
  • Lot Size Acres: 0.2090

Rental Info

  • Tenant Pays: Electricity, Gas, HVAC Maintenance

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 7970.00
  • Gross Multiplier: 12.54
  • Gross Scheduled Income: 95640.00
  • Insurance Expense: 1671.00
  • Lot Size Area: 9091.0000 Square Feet
  • Net Operating Income: 69748.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 25892.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 16778.00
  • Taxes Percent: 1.39
  • Tax Lot: 297
  • Tax Tract Number: 02267

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
0.0365%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$1,150,000 Lawyers Title Oc
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/11/2016 03/11/16 Sold $1,150,000 -4.1% $202 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
12/27/2015 12/27/15 For Sale $1,199,000 -- $210 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,984 $1,361,360 $884,293 $477,067
2024 $17,203 $1,334,667 $866,954 $467,713
2023 $16,537 $1,308,498 $849,955 $458,543
2022 $16,254 $1,282,842 $833,290 $449,552
2021 $15,915 $1,257,689 $816,951 $440,738
2019 $15,517 $1,221,587 $792,721 $428,866
2018 $15,036 $1,197,659 $777,178 $420,481
2016 $7,899 $560,902 $143,434 $417,468
2015 $7,748 $552,478 $141,280 $411,198
2014 $7,677 $541,657 $138,513 $403,144
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15266545

California Regional Multiple Listing Service (CRMLS)
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