Seller's Agent in 2020
Fred DiBernardo
Fred DiBernardo
(310) 832-4572
84 in this area
131 Total Sales
1027 W 7th St Los Angeles, CA 90731
8
Beds
8
Baths
4,800
Sq Ft
18,226
Sq Ft Lot
Highlights
- Active Adult
- Midcentury Modern Architecture
- Laundry Room
- 0.42 Acre Lot
About This Home
As of July 2020Charming Mid Century 8 Unit single level "Court Style" 1 Bedroom Cottages on large 18,225 square foot parcel consisting of 3 individual RD1.5 zoned Lots. Side alley access to 8 individual garages, and a laundry room. Ideal Investment Opportunity with huge upside for rental increase. Perfect site for Condominium or Apartment Development. Current Zoning Density allows for construction of at least 12residential units. Verify with City of Los Angeles Building Department and possible density bonus.
Last Agent to Sell the Property
Fred DiBernardo License #00573495 Listed on: 05/19/2020
Last Buyer's Agent
Gordon Inman
Keller Williams Realty License #00446156
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1944
Lot Details
- 18,225 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Density is 16-20 Units/Acre
Parking
- 8 Car Garage
Home Design
- 4,800 Sq Ft Home
- Midcentury Modern Architecture
- Cottage
- Property Attached
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Laundry Room
- Exterior Lighting
- Suburban Location
- Sewer Paid
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 5158
- Assessor Parcel Number 7458002023
Community Details
Overview
- Active Adult
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Recreation
- Water Sports
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $1,200
- Fuel Expense $1,200
- Gardener Expense $1,200
- Insurance Expense $2,500
- Trash Expense $3,000
- Water Sewer Expense $6,000
- New Taxes Expense $18,737
- Operating Expense $30,837
- Gross Income $91,440
- Net Operating Income $60,603
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2020 07/21/20 | Sold | $1,625,000 | +8.4% | $339 / Sq Ft |
| 07/09/2020 07/09/20 | For Sale | $1,499,000 | 0.0% | $312 / Sq Ft |
| 07/07/2020 07/07/20 | Pending | -- | -- | -- |
| 07/06/2020 07/06/20 | For Sale | $1,499,000 | 0.0% | $312 / Sq Ft |
| 05/28/2020 05/28/20 | Pending | -- | -- | -- |
| 05/19/2020 05/19/20 | For Sale | $1,499,000 | -- | $312 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $22,399 | $1,784,950 | $1,114,268 | $670,682 |
| 2024 | $22,399 | $1,749,952 | $1,092,420 | $657,532 |
| 2023 | $21,682 | $1,690,650 | $936,360 | $754,290 |
| 2022 | $20,714 | $1,657,500 | $918,000 | $739,500 |
| 2021 | $20,458 | $1,625,000 | $900,000 | $725,000 |
| 2020 | $5,572 | $350,719 | $237,355 | $113,364 |
| 2019 | $5,402 | $343,847 | $232,701 | $111,146 |
| 2018 | $5,081 | $337,110 | $228,139 | $108,971 |
| 2017 | $4,943 | $330,305 | $223,666 | $106,639 |
| 2016 | $4,793 | $323,830 | $219,281 | $104,549 |
| 2015 | $4,736 | $318,967 | $215,988 | $102,979 |
| 2014 | $4,809 | $312,720 | $211,758 | $100,962 |
Source: Public Records
Agents Affiliated with this Home
-
Fred DiBernardo
-
G
Buyer's Agent in 2020
Gordon Inman
Keller Williams Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20095239
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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