NOT LISTED FOR SALE

Estimated Value: $717,000 - $824,645

4 Beds
2 Baths
1,561 Sq Ft
$503/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $740,000 $474 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,097/month

38 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Wall Furnace
  • Contemporary Architecture

About This Home

As of September 2022

10 minutes to downtown, 10 minutes to LAX, 10 minutes to the beach but it will only take 10 seconds to figure out this is a great investment property. This recently remodeled duplex offers two 2 bed 1 bath units. Each unit has quartz counters, New faux wood floors, and modern appointments throughout. Owner's unit has laundry hook up. Perfect for the buyer who is looking to live in one and rent out the other. Units are separately metered and mastered, with garage parking, and a fenced yard with avocado, orange, and lime trees. Hurry this one won't last. 25K price reduction THIS WEEKEND ONLY!

Last Agent to Sell the Property

Will Wheaton

Will Wheaton Real Estate License #01857540 Listed on: 07/13/2022

Last Buyer's Agent

Max James-Armand

Electric Estates License #01912736

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,558

Year Built

  • Built in 1944 | Remodeled

Lot Details

  • 5,991 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Property Attached

Interior Spaces

  • 1,561 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 85
  • Tax Tract Number 5294
  • Assessor Parcel Number 6063015030
  • $558 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $1,271
  • Pest Control $600
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,375
  • Operating Expense $16,046
  • Gross Income $52,800
  • Net Operating Income $35,170

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,558

Year Built

Built in 1944 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.60
  • Other Phone Number: 424 522 6262
  • Price Per Unit: 362500
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 6063015030
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Price Per Square Foot: 474.06
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5991.00
  • Lot Size Acres: 0.1375

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 780 Square Feet
  • Gross Income: 52800.00
  • Gross Multiplier: 14.20
  • Gross Operating Income: 51216.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1271.00
  • Lot Size Area: 5991.0000 Square Feet
  • Net Operating Income: 35170.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 16046.00
  • Operating Expense Percent: 31.00
  • Rent Control: Yes
  • Total Expenses: 16046.00
  • Vacancy Allowance: 1584
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Census Tract: 2406.00
  • Tax Lot: 85
  • Tax Tract Number: 5294
  • TaxOtherAnnualAssessmentAmount: 558.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Sep 8, 2022
Sold by
Justine Loyo-Brisibe
Bought by
Brisibe Henry
Seller's Agent
Will Wheaton
Will Wheaton Real Estate
Buyer's Agent
Max James-Armand
Electric Estates
List Price
$749,999
Sold Price
$740,000
Premium/Discount to List
-$9,999
-1.33%
Current Estimated Value
$785,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,411
Avg. Annual Appreciation
2.07%
Original Mortgage
$726,596
Outstanding Balance
$693,717
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$91,694

Purchase Details

Listed on
Jul 13, 2022
Closed on
Aug 16, 2022
Sold by
Shaniqua Williams
Bought by
Brisibe Henry
Seller's Agent
Will Wheaton
Will Wheaton Real Estate
Buyer's Agent
Max James-Armand
Electric Estates
List Price
$749,999
Sold Price
$740,000
Premium/Discount to List
-$9,999
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,596
Outstanding Balance
$693,717
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$91,694

Purchase Details

Closed on
Aug 23, 2021
Sold by
Avery Wesley H and The Bankruptcy Estate Of Bird
Bought by
Williams Shaniqua and Allen Jo Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 2019
Sold by
Holt Kathleen Marie
Bought by
Bird S Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,350
Interest Rate
3.82%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Brisibe Henry -- Lawyers Title
Brisibe Henry $740,000 Lawyers Title
Williams Shaniqua $530,000 First American Title Co
Bird S Estate Llc $281,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brisibe Henry $726,596
Previous Owner Williams Shaniqua $520,400
Previous Owner Bird S Estate Llc $253,350
Previous Owner Holt Kathleen $253,350
Previous Owner Holt Harry James $90,000
Previous Owner Holt Harry James $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $740,000 +2.1% $474 / Sq Ft
08/21/2022 08/21/22 Pending -- -- --
08/05/2022 08/05/22 Price Changed $724,999 -3.3% $464 / Sq Ft
07/13/2022 07/13/22 For Sale $749,999 -- $480 / 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
2025 $9,558 $769,896 $416,160 $353,736
2024 $9,558 $754,800 $408,000 $346,800
2023 $9,375 $740,000 $400,000 $340,000
2022 $7,800 $620,000 $200,000 $420,000
2021 $893 $35,502 $15,151 $20,351
2020 $893 $35,139 $14,996 $20,143
2019 $871 $34,451 $14,702 $19,749
2018 $784 $33,776 $14,414 $19,362
2016 $728 $32,466 $13,855 $18,611
2015 $716 $31,979 $13,647 $18,332
2014 $725 $31,353 $13,380 $17,973
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22151196

California Regional Multiple Listing Service (CRMLS)

APN: 6063-015-030