NOT LISTED FOR SALE

Estimated Value: $991,000 - $1,191,000

7 Beds
4 Baths
3,000 Sq Ft
$354/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $885,000 $295 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,756/month

16 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Rectangular Lot

About This Home

As of April 2021

Expertly maintained investment property in a high demand area near the new Los Angeles RAMS Sofi Stadium! Located in Harbor Gateway, this property is centrally located to work and play. Less than 15 minutes to LAX; 20 minutes to the beach, Torance, DTLA, Venice Beach and more! This property consists of four (4) individual units, all on month to month rental agreements, including a detached front house, a duplex and a rear apartment. All units are individually metered for electricity and gas. Three of the four units have their own interior washer and dryer units. The property shows well and has been nicely maintained by the current ownership. Parking is available on site for the tenants, including a rear carport with gated alley access. With the desirable unit mix including a front house, this one won't last long!

Last Agent to Sell the Property

Greg Foster

Skymark Real Estate Group License #01800079 Listed on: 03/01/2021

Last Buyer's Agent

Gordon Deutsch

Century 21 Everest License #02076816

Century 21 Everest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,519

Year Built

  • Built in 1922

Lot Details

  • 9,204 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Lawn

Parking

  • 3 Car Garage

Home Design

  • 3,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 131
  • Tax Tract Number 1
  • Assessor Parcel Number 6060016011

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $500
  • Water Sewer Expense $500
  • New Taxes Expense $11,400
  • Operating Expense $20,628
  • Gross Income $68,760
  • Net Operating Income $48,132

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,519

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: LCR320U*
  • Property Type: Residential Income
  • Parcel Number: 6060016011
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 295.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Rectangular Lot
  • Lot Size Sq Ft: 9204.00
  • Lot Size Acres: 0.2113

Multi Family

  • Gross Income: 68760.00
  • Gross Scheduled Income: 68760.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 9204.0000 Square Feet
  • Net Operating Income: 48132.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20628.00
  • Rent Control: Yes
  • Total Actual Rent: 5703.00
  • Total Expenses: 20628.00

Tax Info

  • New Taxes Expense: 11400.00
  • Tax Census Tract: 6003.04
  • Tax Lot: 131
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2022
Sold by
Asghari Maddie
Bought by
Mate1020 Llc
Total Days on Market
16
Current Estimated Value
$1,060,776

Purchase Details

Listed on
Mar 1, 2021
Closed on
Mar 24, 2021
Sold by
Ssensalo Bede
Bought by
Asghari Maddie
Seller's Agent
Greg Foster
Skymark Real Estate Group
Buyer's Agent
Gordon Deutsch
Century 21 Everest
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$663,750
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2014
Sold by
Ssensalo Bede and Ssensalo Renee M
Bought by
Ssensalo Bede

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,030
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2014
Sold by
Ssensalo Renee M
Bought by
Ssensalo Bede

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,030
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2006
Sold by
Ssensalo Bede
Bought by
Ssensalo Bede and Ssensalo Renee M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,250
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2006
Sold by
Ssensalo Bede
Bought by
Ssensalo Bede and Ssensalo Renee M

Purchase Details

Closed on
May 23, 2001
Sold by
Ssensalo Bede
Bought by
Ssensalo Bede

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.14%
Source: Public Records

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Range of Values:

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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
Mate1020 Llc -- --
Asghari Maddie $885,000 North American Title Company
Ssensalo Bede -- Arista National Title
Ssensalo Bede -- Arista National Title
Ssensalo Bede -- First American Title Co La
Ssensalo Bede -- First American Title Company
Ssensalo Bede -- None Available
Ssensalo Bede -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Asghari Maddie $663,750
Previous Owner Ssensalo Bede $349,030
Previous Owner Ssensalo Bede $349,030
Previous Owner Ssensalo Bede $380,250
Previous Owner Ssensalo Bede $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $885,000 -1.1% $295 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $895,000 -- $298 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $13,519 $939,168 $843,660 $95,508
2023 $12,962 $920,754 $827,118 $93,636
2022 $12,386 $902,700 $810,900 $91,800
2021 $4,261 $195,197 $70,992 $124,205
2020 $4,277 $193,197 $70,265 $122,932
2019 $4,168 $189,410 $68,888 $120,522
2018 $3,986 $185,697 $67,538 $118,159
2016 $3,776 $178,488 $64,916 $113,572
2015 $3,729 $175,808 $63,941 $111,867
2014 $3,747 $172,365 $62,689 $109,676
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21042013

California Regional Multiple Listing Service (CRMLS)

APN: 6060-016-011