NOT LISTED FOR SALE

Estimated Value: $1,389,990 - $1,698,000

8 Beds
8 Baths
4,000 Sq Ft
$386/Sq Ft Est. Value

Last Sold December 08, 2016

Last sale price $850,000 $212 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $8,313/month

55 Days on Market

About This Home

As of December 2016

We are pleased to offer this eight (8) unit multifamily investment offering, located in the City of Los Angeles (subject to rent stabilization ordinance). The subject property was constructed of wood frame and stucco in 1927, and consists of approximately 4,000 rentable square feet. The investment consists of three (3) separate structures comprised of a unit mix with eight (8) 1+1 units. Recent building upgrades include windows, electrical services (2005), and new exterior paint (2016). Building amenities include secured entry, individual water heaters for each unit, and the building is separately metered for both gas and electricity.

Last Agent to Sell the Property

Ian Hollinger

BRC Advisors- BH License #01889125 Listed on: 10/11/2016

BRC Advisors- BH

Last Buyer's Agent

Monique Rad-Stein

Power Brokers License #01961753

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • On-Street Parking

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Community Details

  • 3 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5114-014-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4000
  • Stories: 1
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 212.50

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: On street

Lot Info

  • Assessor Parcel Number: 5114-014-013
  • Geocode Override: No
  • Lot Size Area: 6250

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 12.38
  • Number Of Units: 8
  • Type Of Units: (8) 1+1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2016
Closed on
Nov 16, 2016
Sold by
1006 E 35Th Management Llc
Bought by
Ir Management Group Llc
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
Monique Rad-Stein
Power Brokers
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,402,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$552,478
Avg. Annual Appreciation
6.76%

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 7, 2016
Sold by
Hernandez Alfonso A and Hernandez Rosa M
Bought by
1006 E 35Th Management Llc
Seller's Agent
Roman Meza
Century 21 A Better Service
Buyer's Agent
Armando Rios
Keller Williams Pacific Estates
List Price
$690,000
Sold Price
$690,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.85%
Original Mortgage
$103,500
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 2011
Sold by
Hernandez Alfonso A and Hernandez Rosa M
Bought by
Hernandez Alfonso A and Hernandez Rosa M

Purchase Details

Closed on
Apr 30, 2002
Sold by
Performing Assets Dya Llc
Bought by
Hernandez Alfonso A and Hernandez Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,900
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 1999
Sold by
Fidelity Federal Bank
Bought by
Performing Assets Dya Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
7.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 1999
Sold by
Grijalva Raul F and Grijalva Helen
Bought by
Fidelity Federal Bank
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ir Management Group Llc $850,000 Fidelity Sherman Oaks
1006 E 35Th Management Llc $690,000 Fidelity Sherman Oaks
Hernandez Alfonso A -- None Available
Hernandez Alfonso A $227,000 Southland Title Company
Performing Assets Dya Llc $155,000 North American Title Co
Fidelity Federal Bank $91,000 Northern Counties Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1006 E 35Th Management Llc $103,500
Previous Owner 1006 E 35Th Management Llc $517,500
Previous Owner Hernandez Alfonso A $158,900
Previous Owner Performing Assets Dya Llc $186,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/08/2016 12/08/16 Sold $850,000 0.0% $213 / Sq Ft
10/11/2016 10/11/16 For Sale $850,000 +23.2% $213 / Sq Ft
06/20/2016 06/20/16 Sold $690,000 0.0% $173 / Sq Ft View Prior Sale
06/06/2016 06/06/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $690,000 -- $173 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $12,618 $986,493 $348,173 $638,320
2024 $12,618 $967,151 $341,347 $625,804
2023 $12,388 $948,188 $334,654 $613,534
2022 $11,841 $929,597 $328,093 $601,504
2021 $11,687 $911,370 $321,660 $589,710
2019 $11,356 $884,340 $312,120 $572,220
2018 $11,236 $867,000 $306,000 $561,000
2016 $4,133 $283,269 $124,789 $158,480
2015 $4,083 $279,015 $122,915 $156,100
2014 $4,149 $273,551 $120,508 $153,043
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 16-170534

The MLS

APN: 5114-014-013