NOT LISTED FOR SALE
3 Beds
2 Baths
5,570 Sq Ft
6,458 Sq Ft Lot

Sale Details

Date Sold: February 21, 2017

Last sale price $1,375,000 $247 Per Sq Ft

40 Days on Market

About This Home

As of February 2017

The offering comprises a securely gated two-story building that contains eight one-bed/one-bath units and one two-bed/one-bath unit. The property also offers four single-car garages in the rear. The property is just east of Alamitos Avenue within walking distance of Franklin Middle School, St. Anthony Elementary and High schools, and the Museum of Latin American Art. With strong rents in place and a location in a dense rental market, 1056 East 6th Street is a great opportunity for any investor looking for steady cash flow.

This property is offered as part of a five-property portfolio. The other four properties may be viewed at the following MLS listing IDs: PW16761901
, PW16761920, PW16761931, PW16761955.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 12/12/2016

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,458 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 5,570 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 005
  • Tax Tract Number 7
  • Assessor Parcel Number 7266007005

Community Details

Overview

  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • Insurance Expense $2,228
  • Professional Management Expense $5,364
  • New Taxes Expense $17,892
  • Operating Expense $41,680
  • Gross Income $3,976
  • Net Operating Income $65,601

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

6,458 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.56
  • Professional Management Expense: 5364.00
  • Property Attached: No
  • Subdivision Name Other: Unknown
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7266007005
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 246.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6458.00

Multi Family

  • Gross Income: 3976.00
  • Gross Scheduled Income: 106500.00
  • Insurance Expense: 2228.00
  • Net Operating Income: 65601.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Units Total: 9
  • Operating Expense: 41680.00
  • Rent Control: No
  • Total Expenses: 41680.00

Tax Info

  • New Taxes Expense: 17892.00
  • Tax Census Tract: 5765.01
  • Tax Lot: 005
  • Tax Tract Number: 007

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2018
Sold by
Bought by

Purchase Details

Closed on
Jul 16, 2018
Sold by
Bought by

Purchase Details

Closed on
Jul 10, 2018
Sold by
Bought by

Purchase Details

Listed on
Dec 12, 2016
Closed on
Jan 19, 2017
Sold by
Bought by
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Jon Swire
The Agency
List Price
$1,440,000
Sold Price
$1,375,000
Premium/Discount to List
-$65,000
-4.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,000
Interest Rate
0.042%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 4, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 13, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
0.0706%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0806%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0806%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Stewart Title
$2,250,000 Stewart Title
$1,975,000 Stewart Title Wlv
$1,355,000 Chicago Title
-- --
$330,000 American Title Co
-- Stewart Title
-- Stewart Title
$125,000 Stewart Title
-- North American Title Co
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $883,000
Previous Owner $24,250,000
Previous Owner $645,000
Previous Owner $483,000
Previous Owner $247,500
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/21/2017 02/21/17 Sold $1,375,000 -4.5% $247 / Sq Ft
01/21/2017 01/21/17 Pending -- -- --
12/12/2016 12/12/16 For Sale $1,440,000 -- $259 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $33,674 $2,509,913 $1,723,475 $786,438
2024 $32,226 $2,460,700 $1,689,682 $771,018
2023 $31,677 $2,412,451 $1,656,551 $755,900
2022 $29,728 $2,365,149 $1,624,070 $741,079
2021 $29,131 $2,318,775 $1,592,226 $726,549
2019 $28,715 $2,252,700 $1,545,000 $707,700
2018 $18,057 $1,384,800 $969,000 $415,800
2016 $6,112 $420,045 $152,742 $267,303
2015 $5,892 $413,736 $150,448 $263,288
2014 $5,901 $405,632 $147,501 $258,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16761890

California Regional Multiple Listing Service (CRMLS)
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