NOT LISTED FOR SALE

Estimated Value: $904,000 - $1,148,000

8 Beds
6 Baths
3,400 Sq Ft
$312/Sq Ft Est. Value

Last Sold June 20, 2016

Last sale price $652,000 $192 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,795/month

14 Days on Market

About This Home

As of June 2016

We are pleased to offer for sale this four (4) unit multifamily investment opportunity located in the City of Los Angeles Rent Ordinance. The Property is situated on a 5,060 square foot lot, which is secured with a wrought iron gate. The unit mix consists of four (4) 2+1.5 Townhouse style units. The investment opportunity boasts ample parking with six (6) gated spaces, individual water heaters in each unit, copper plumbing, updated aluminum windows throughout, and all units are separately metered for gas & electricity.

Last Agent to Sell the Property

Ian Hollinger

BRC Advisors- BH License #01889125 Listed on: 04/21/2016

BRC Advisors- BH

Last Buyer's Agent

Marco Gonzalez

License #01985745

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,078

Year Built

  • Built in 1986

Lot Details

  • 5,060

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Private Parking
  • Auto Driveway Gate
  • On-Street Parking
  • Uncovered Parking
  • Unassigned Parking

Additional Features

  • 5,060 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6063-016-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,078

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3400
  • Stories: 2
  • Year Built: 1986
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 183.82

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway Gate, Gated, On street, Private, Unassigned, Uncovered
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 215000
  • Assessed Land Value: 305000
  • Assessor Parcel Number: 6063-016-030
  • Geocode Override: No
  • Lot Size Area: 5060

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.78
  • Number Of Units: 4
  • Total Annual Expense: 15509
  • Type Of Units: (4) 2+1.5 TH
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2016
Closed on
Jun 7, 2016
Sold by
Maine Street Llc
Bought by
Pedraza Marcelo and Pedraza Jennifer
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
Marco Gonzalez
List Price
$625,000
Sold Price
$652,000
Premium/Discount to List
$27,000
4.32%
Total Days on Market
14
Current Estimated Value
$1,060,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,823
Avg. Annual Appreciation
5.51%
Original Mortgage
$640,190
Outstanding Balance
$519,346
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$534,591

Purchase Details

Closed on
Nov 30, 2007
Sold by
Cinelli Ryan A and Ploude Joshua
Bought by
Maine Street Llc

Purchase Details

Closed on
May 22, 2007
Sold by
Cinelli Ryan A and Pounde Joshua
Bought by
Cinelli Ryan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 2007
Sold by
Cinelli Ryan A and Ploude Joshua
Bought by
Cinelli Ryan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2007
Sold by
Maine St Llc
Bought by
Cinelli Ryan A and Pounde Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2006
Sold by
Ploude Joshua and Cinelli Ryan
Bought by
Maine St Llc

Purchase Details

Closed on
Oct 4, 2005
Sold by
Kissane Stephen B
Bought by
Ploude Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 13, 2004
Sold by
Kissane Veronica M
Bought by
Kissane Stephen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,800
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2004
Sold by
Isaac Leroy and Isaac Stella
Bought by
Isaac Stella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,800
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2004
Sold by
Griffin Annette M and Will Of Stella Mae Isaac
Bought by
Kissane Stephen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,800
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Pedraza Marcelo $652,000 Ticor Title Co
Maine Street Llc -- None Available
Cinelli Ryan A -- None Available
Cinelli Ryan A -- Alliance Title Company
Maine St Llc -- Accommodation
Ploude Joshua $630,000 Southland Title
Kissane Stephen B -- Equity Title
Kissane Stephen B $506,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedraza Marcelo $640,190
Previous Owner Cinelli Ryan A $543,256
Previous Owner Cinelli Ryan A $544,000
Previous Owner Ploude Joshua $504,000
Previous Owner Kissane Stephen B $451,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2016 06/20/16 Sold $652,000 +4.3% $192 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
04/21/2016 04/21/16 For Sale $625,000 -- $184 / 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
2024 $10,078 $756,695 $232,114 $524,581
2023 $9,891 $741,859 $227,563 $514,296
2022 $9,457 $727,313 $223,101 $504,212
2021 $9,326 $713,053 $218,727 $494,326
2019 $9,055 $691,906 $212,241 $479,665
2018 $8,922 $678,340 $208,080 $470,260
2016 $7,012 $520,000 $305,000 $215,000
2015 $7,000 $520,000 $305,000 $215,000
2014 $6,279 $448,000 $263,500 $184,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-117754

The MLS

APN: 6063-016-030