NOT LISTED FOR SALE

Estimated Value: $1,505,000 - $2,182,000

4 Beds
3 Baths
3,280 Sq Ft
$584/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $1,888,000 $576 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $12,271/month

4 Days on Market

Highlights

  • Detached Guest House
  • Maid or Guest Quarters
  • No HOA
  • City Lights View
  • Traditional Architecture
  • 1-minute walk to Everett Park

About This Home

As of September 2022

** Home Ownership & Investment Opportunity ** This includes the Main Home, 3 Additional Units in the front + 2 Guest Homes ** The main home has 3 Bedrooms + 2 Baths and approx. 1,456 sf ** 3 Units in the front building each have 1 Bedroom + 1 Bath Each and approx. 700 s.f. each ** Both Guest homes are setup as studios with approx. 500 s.f. each ** Spectacular Views of Downtown LA ** The main home was built in 1908 but renovated throughout the years. There is a huge basement below the main home currently being used as storage and adds valuable space to the property ** The front units is a 3 story building built in 1970 and there is a 2 car attached garage that fronts the street, Large balcony ** Driveway leads up to the back home and there is plenty of room for parking **

Last Agent to Sell the Property

INGRID OSORIO

ALTICORE REALTY License #01341468 Listed on: 07/09/2022

ALTICORE REALTY

Co-Listed By

Eduardo Franco

ALTICORE REALTY License #01342548

Last Buyer's Agent

Gregory Wolf

Keller Williams VIP Properties License #01478071

Keller Williams VIP Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908 | Remodeled

Lot Details

  • 7,310 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Chain Link Fence

Parking

  • 2 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Attached Carport
  • Parking Available
  • Driveway

Home Design

  • Traditional Architecture
  • Quadruplex
  • Brick Exterior Construction
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,280 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Laminate Flooring
  • City Lights Views
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • 3 Bathrooms

Additional Homes

  • Detached Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 23 / 32
  • Tax Tract Number 1977
  • Assessor Parcel Number 5406018021
  • $539 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Trash Expense $1,800
  • Water Sewer Expense $1,500
  • New Taxes Expense $24,000
  • Operating Expense $29,300
  • Gross Income $114,000
  • Net Operating Income $84,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1908 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: LAR3
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5406018021
  • Year Built: 1908
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 575.61
  • Room Type: Guest/Maid's Quarters, Kitchen, Living Room

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Guest House Attached, Guest House Detached
  • View: City Lights
  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Brick, Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Direct Garage Access, Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 7310.00
  • Lot Size Acres: 0.1678

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 114000.00
  • Gross Scheduled Income: 114000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7310.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 84700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 29300.00
  • Rent Control: Yes
  • Total Expenses: 29300.00

Tax Info

  • New Taxes Expense: 24000.00
  • Tax Block: 32
  • Tax Census Tract: 1977.00
  • Tax Lot: 23
  • Tax Tract Number: 1977
  • TaxOtherAnnualAssessmentAmount: 539.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2010
Sold by
Wussek Liudmila
Bought by
Wussek Liudmila and Wussek Living 2006 Trust
Current Estimated Value
$1,977,590
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wussek Liudmila -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2022 09/06/22 Sold $1,888,000 -5.6% $576 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/10/2022 07/10/22 Price Changed $1,999,999 0.0% $610 / Sq Ft
07/09/2022 07/09/22 For Sale $2,000,000 -- $610 / 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 $23,779 $1,964,275 $1,183,975 $780,300
2024 $23,779 $1,925,760 $1,160,760 $765,000
2023 $23,217 $1,888,000 $1,138,000 $750,000
2022 $2,647 $185,664 $45,713 $139,951
2021 $2,596 $182,024 $44,817 $137,207
2020 $2,613 $180,159 $44,358 $135,801
2019 $2,527 $176,628 $43,489 $133,139
2018 $2,388 $173,166 $42,637 $130,529
2016 $2,248 $166,443 $40,982 $125,461
2015 $2,219 $163,944 $40,367 $123,577
2014 $2,246 $160,734 $39,577 $121,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22148337

California Regional Multiple Listing Service (CRMLS)

APN: 5406-018-021