NOT LISTED FOR SALE

Estimated Value: $757,954 - $938,000

4 Beds
3 Baths
1,872 Sq Ft
$445/Sq Ft Est. Value

Last Sold January 08, 2020

Last sale price $565,000 $302 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,037/month

Highlights

  • No HOA
  • Tankless Water Heater
  • No Heating
  • Laundry Room

About This Home

As of January 2020

Triplex opportunity at a great value! This gated property consists of two 1 Bedroom, 1 Bathroom units, and the rear unit above the garage is 2 bedrooms, 1 bathroom. Each unit has its own washer/dryer hookups, laminate flooring, 2 units have tankless water heaters and 3 single car garages. Tenants in all units. Minutes from USC and downtown LA.

Last Agent to Sell the Property

George Ouzounian

The Agency License #01948763 Listed on: 10/07/2019

The Agency

Co-Listed By

Gina Michelle

The Agency License #01503003

Last Buyer's Agent

Francis Porras

T.N.G. Real Estate Consultants License #01272919

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,653

Year Built

  • Built in 1942

Lot Details

  • 5,628 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 1,872 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • No Heating
  • Tankless Water Heater
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 19
  • Tax Tract Number 4195
  • Assessor Parcel Number 6003014005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $850
  • Water Sewer Expense $1,450
  • New Taxes Expense $6,750
  • Operating Expense $9,050
  • Gross Income $38,808
  • Net Operating Income $29,758

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,653

Year Built

Built in 1942

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1450.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6003014005
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 301.82

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Water Heater, Tankless Water Heater
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5628.00
  • Lot Size Acres: 0.1292

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 38808.00
  • Gross Scheduled Income: 38808.00
  • Insurance Expense: 850.00
  • Lot Size Area: 5628.0000 Square Feet
  • Net Operating Income: 29758.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 9050.00
  • Rent Control: Yes
  • Total Actual Rent: 3234.00
  • Total Expenses: 9050.00

Tax Info

  • New Taxes Expense: 6750.00
  • Tax Census Tract: 2371.01
  • Tax Lot: 19
  • Tax Tract Number: 4195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2019
Closed on
Jan 3, 2020
Sold by
Mardigian Shant and Mardigian Emelia
Bought by
Aceves Jose and Aceves Veronica
Seller's Agent
George Ouzounian
The Agency
Buyer's Agent
Francis Porras
T.N.G. Real Estate Consultants
List Price
$599,995
Sold Price
$565,000
Premium/Discount to List
-$34,995
-5.83%
Current Estimated Value
$832,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,239
Avg. Annual Appreciation
6.93%
Original Mortgage
$395,500
Outstanding Balance
$349,440
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$482,799

Purchase Details

Closed on
May 5, 2017
Sold by
Mardigian Shant and Mardigian Emeua
Bought by
Mardigian Shant and Mardigian Emelia

Purchase Details

Listed on
Mar 28, 2013
Closed on
May 3, 2013
Sold by
Rancho Horizon Llc
Bought by
Mardigian Shant and Mardigian Emelia
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
ALICE MARDIGIAN
RICH COSNER & ASSOCIATES
List Price
$339,000
Sold Price
$305,000
Premium/Discount to List
-$34,000
-10.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.39%
Original Mortgage
$228,750
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2012
Sold by
Daniels Michael
Bought by
Rancho Horizon Llc

Purchase Details

Closed on
Nov 1, 2011
Sold by
Corona Soledad
Bought by
1036 West 60Th St Property Holding Trust

Purchase Details

Closed on
Oct 11, 2011
Sold by
Abridged Investment Opportunity Trust
Bought by
Corona Soledad

Purchase Details

Closed on
Oct 1, 2011
Sold by
Organic Essentials Trust
Bought by
Abridged Investment Opportunity Trust

Purchase Details

Closed on
Sep 5, 2011
Sold by
Daniels Michael
Bought by
Organic Essentials
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
Aceves Jose $565,000 Lawyers Title
Mardigian Shant -- None Available
Mardigian Shant $305,000 Ticor Title Riverside
Rancho Horizon Llc $229,500 Accommodation
1036 West 60Th St Property Holding Trust -- None Available
Corona Soledad -- None Available
Abridged Investment Opportunity Trust -- None Available
Organic Essentials -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aceves Jose $395,500
Previous Owner Mardigian Shant $228,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2020 01/08/20 Sold $565,000 -5.8% $302 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
10/07/2019 10/07/19 For Sale $599,995 +96.7% $321 / Sq Ft
05/06/2013 05/06/13 Sold $305,000 -10.0% $163 / Sq Ft View Prior Sale
04/05/2013 04/05/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $339,000 -- $181 / 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 $7,653 $617,904 $546,820 $71,084
2024 $7,653 $605,790 $536,099 $69,691
2023 $7,512 $593,913 $525,588 $68,325
2022 $7,174 $582,269 $515,283 $66,986
2021 $7,079 $570,853 $505,180 $65,673
2020 $4,490 $343,421 $275,865 $67,556
2019 $4,322 $336,688 $270,456 $66,232
2018 $4,232 $330,087 $265,153 $64,934
2016 $4,038 $317,270 $254,857 $62,413
2015 $3,982 $312,505 $251,029 $61,476
2014 $4,015 $306,384 $246,112 $60,272
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19237191

California Regional Multiple Listing Service (CRMLS)

APN: 6003-014-005