$760,000
SOLD MAR 5, 2020
3 Beds
2 Baths
3,738 Sq Ft
5,248 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

4% Above List Price

9 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • No HOA
  • Spanish Architecture
  • Lawn
  • Living Room

About This Home

As of October 2020

Outstanding investment opportunity in Vermont Knolls Community. The property sits in the heart of several groundbreaking events unfolding in Los Angeles and the Vermont Corridor, including a New Metro line expansion to the Westside, The Rams Stadium and the 2028 Olympics. All units have access to a covered and gated parking in the attached car port under second story of the rear units at 8318 Kansas Avenue. All units are currently tenant occupied and are working with a Los Angeles based foundation. The Foundation & tenants have enjoyed a long and productive tenancy at this location, along with the valued relationship with the owner. Tucked away in a one of Los Angeles Southwest residential communities sits this investment opportunity that is minutes from downtown Los Angeles and/or Inglewood with access to the nearby 110 Freeway.

Last Agent to Sell the Property

Cuoe Arrigotti

Home Team Realty License #01245081 Listed on: 12/09/2019

Home Team Realty

Last Buyer's Agent

Eliza Kerndian

Keller Williams Beverly Hills License #01398836

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,889

Year Built

  • Built in 1936

Lot Details

  • 5,248 Sq Ft Lot
  • Lot Dimensions are 42 x 125
  • Property fronts an alley
  • No Common Walls
  • Southeast Facing Home
  • Wrought Iron Fence
  • Fence is in poor condition
  • Landscaped
  • Corner Lot
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Flat Roof Shape
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,738 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Casement Windows
  • Window Screens
  • Living Room
  • Gas Oven
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Community Parking Structure

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 4438
  • Assessor Parcel Number 6033023025

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,889

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: Vermont Knolls
  • View: No
  • Zoning: LARD1.5
  • Architectural Style: Spanish
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 6033023025
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 203.32
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Casement Windows, Insulated Windows, Screens

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Combination, Raised, Slab
  • Fence: Yes
  • Fencing: Poor Condition, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Community Structure
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Lawn, Near Public Transit, Utilities - Overhead
  • Lot Size: 42 X 125
  • Lot Size Sq Ft: 5248.00
  • Lot Size Acres: 0.1205

Multi Family

  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5248.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 6500.00

Tax Info

  • Tax Census Tract: 2382.00
  • Tax Lot: 37
  • Tax Tract Number: 4438

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2021
Sold by
Akuamoah Emmanuel
Bought by
Akuamoah Emmanuel and The Akuamoah Family Trust
Current Estimated Value
$1,229,314

Purchase Details

Listed on
Sep 15, 2020
Closed on
Sep 25, 2020
Sold by
Eghbali Michael
Bought by
Akuamoah Emmanuel
Seller's Agent
Eliza Kerndian
Keller Williams Beverly Hills
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,295,000
Sold Price
$1,050,000
Premium/Discount to List
-$245,000
-18.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.93%
Original Mortgage
$1,030,981
Outstanding Balance
$919,073
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$344,225

Purchase Details

Listed on
Sep 15, 2020
Closed on
Sep 24, 2020
Sold by
Akuamoah Della Wenyah
Bought by
Akuamoah Emmanuel
Seller's Agent
Eliza Kerndian
Keller Williams Beverly Hills
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,295,000
Sold Price
$1,050,000
Premium/Discount to List
-$245,000
-18.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,030,981
Outstanding Balance
$919,073
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$344,225

Purchase Details

Listed on
Dec 9, 2019
Closed on
Feb 13, 2020
Sold by
Wilson Doreen
Bought by
Eghbali Michael
Seller's Agent
Cuoe Arrigotti
Home Team Realty
Buyer's Agent
Eliza Kerndian
Keller Williams Beverly Hills
List Price
$730,000
Sold Price
$760,000
Premium/Discount to List
$30,000
4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.87%
Original Mortgage
$560,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 9, 2019
Closed on
Jan 21, 2020
Sold by
Haboosheh Maryam
Bought by
Eghbali Michael
Seller's Agent
Cuoe Arrigotti
Home Team Realty
Buyer's Agent
Eliza Kerndian
Keller Williams Beverly Hills
List Price
$730,000
Sold Price
$760,000
Premium/Discount to List
$30,000
4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2005
Sold by
Adams Frank and Adams Tracie D
Bought by
Wilson Doreen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2004
Sold by
Adams Tracie Dent and Dent Tracie Tranese
Bought by
Adams Frank and Adams Tracie Dent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2003
Sold by
Tyson Terry
Bought by
Dent Tracie Tranese

Purchase Details

Closed on
Feb 12, 2002
Sold by
Drommerhausen Daniel and Adco Investment Company
Bought by
Tyson Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,600
Interest Rate
7.4%

Purchase Details

Closed on
Aug 20, 1999
Sold by
Hainsworth Romella
Bought by
Adco Investment Co

Purchase Details

Closed on
Apr 27, 1994
Sold by
Resolution Trust Corp
Bought by
Hainesworth Romella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.79%

Purchase Details

Closed on
Sep 21, 1993
Sold by
G S L Financial
Bought by
Guardian Federal Savings Association Fa and Guardian S&L Assn
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Amrock Inc
Grant Deed $1,050,000 First American Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $760,000 Fidelity National Title Co
Quit Claim Deed -- Fidelity National Title Co
Grant Deed $560,000 Itc Sb
Interfamily Deed Transfer -- Gateway Title Company
Grant Deed -- --
Grant Deed $287,000 Stewart Title
Trustee Deed $27,504 --
Grant Deed $130,000 South Coast Title
Trustee Deed $155,090 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,030,981 FHA
Closed $129,500 Unknown
Previous Owner $560,000 New Conventional
Previous Owner $476,000 Purchase Money Mortgage
Previous Owner $240,000 New Conventional
Previous Owner $229,600 No Value Available
Previous Owner $12,000 Unknown
Previous Owner $20,566 Unknown
Previous Owner $100,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2020 10/12/20 Sold $1,050,000 0.0% $281 / Sq Ft
10/09/2020 10/09/20 Price Changed $1,050,000 -18.9% $281 / Sq Ft
09/15/2020 09/15/20 For Sale $1,295,000 +70.4% $346 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
03/05/2020 03/05/20 Sold $760,000 +4.1% $203 / Sq Ft
12/19/2019 12/19/19 For Sale $730,000 -3.9% $195 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
12/10/2019 12/10/19 Off Market $760,000 -- --
12/09/2019 12/09/19 For Sale $699,950 -- $187 / 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
2024 $13,889 $1,114,267 $779,987 $334,280
2023 $13,628 $1,092,420 $764,694 $327,726
2022 $13,005 $1,071,000 $749,700 $321,300
2021 $12,830 $1,050,000 $735,000 $315,000
2020 $9,052 $713,740 $407,854 $305,886
2019 $8,704 $699,746 $399,857 $299,889
2018 $8,611 $686,026 $392,017 $294,009
2016 $8,209 $659,390 $376,796 $282,594
2015 $8,093 $649,487 $371,137 $278,350
2014 $8,135 $636,765 $363,867 $272,898
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19278046

California Regional Multiple Listing Service (CRMLS)

APN: 6033-023-025