$1,050,000
SOLD OCT 12, 2020
10 Beds
5 Baths
3,738 Sq Ft
5,248 Sq Ft Lot

Recently Sold

$281 Per Sq Ft

19% Below List Price

Highlights

  • Converted Garage
  • Bathtub with Shower
  • Remodeled Bathroom

About This Home

As of October 2020

Renovated Hassel free 4 plex with great unit mix, 2 Separate Structure total 3,738 Sqft, Front Structure operates as Single family 3 Bed + 2 Bath, 2nd Structure consist of 3 units, 1 x 3 Bed + 1 Bath plus 2 x 2 Bed + 1 Bath. Rents as followed: 3 Bed + 1 Bath $ 2700, 3 Bed + 2 Bath $ 2650, 2 Bed + 2 Bath $ 2150, 2 Bed + 1 Bath $ 2106 ( one of the 3 Bedrooms is vacant as of now). Total monthly rent $ 9,606 Yearly Gross $ 115,272 Actual GRM 11.26 and CAP RATE OF 7 %. Brand new roof, 3 covered Garages. Close to free way, transportation, restaurants, entertainments, schools etc.

Last Agent to Sell the Property

Eliza Kerndian

Keller Williams Beverly Hills License #01398836 Listed on: 09/15/2020

Keller Williams Beverly Hills

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,889

Year Built

  • Built in 1936 | Remodeled

Interior Spaces

  • 3,738 Sq Ft Home
  • 2-Story Property
  • Gas Cooktop

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Remodeled Bathroom
  • 5 Bathrooms
  • Bathtub with Shower

Parking

  • 3 Parking Spaces
  • Converted Garage

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Cable TV Available
  • TV Antenna

Additional Features

  • 5,248 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 6033-023-025

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,889

Year Built

Built in 1936 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Renovated Hassel free 4 plex with great unit mix, 2 Separate Structure total 3,738 Sqft, Front Structure operates as Single family 3 Bed + 2 Bath, 2nd Structure consist of 3 units, 1 x 3 Bed + 1 Bath plus 2 x 2 Bed + 1 Bath. Rents as followed: 3 Bed + 1 Bath $ 2700, 3 Bed + 2 Bath $ 2650, 2 Bed + 2 Bath $ 2150, 2 Bed + 1 Bath $ 2106 ( one of the Bedrooms might be available for owner user's occupancy). Total monthly rent $ 9,606 Yearly Gross $ 115,272 Actual GRM 11.26 and CAP RATE OF 6.2 %. Brand new roof, 3 covered Garages. Close to free way, transportation, restaurants, entertainments, schools etc.
  • Alley: No
  • Building Permit: Yes
  • Living Area: 3738
  • Lot Acreage: 0.1205
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1936
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Appliances: Cooktop - Gas
  • Bedrooms: 10
  • Bathroom Features: Remodeled, Tile, Shower and Tub
  • Kitchen Features: Counter Top
  • Total Bathrooms: 5.00
  • Equipment: Antenna, Cable
  • Price Per S Q F T: 280.90

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Parking Garage: Converted Garage
  • Total Parking: 3

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Heating: Wall, Wall Gas
  • Sewer: On Site
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 42.86
  • Assessed Land Percent: 57.14
  • Assessor Parcel Number: 6033-023-025
  • Lot Location: City
  • Lot Size Area: 5248

Rental Info

  • Total Actual Rent: 115272.00
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.26
  • Number Of Units: 4
  • Total Annual Expense: 23426
  • Type Of Units: income
  • Vacancy Rate: .25

Tax Info

  • Private Transfer Taxes: No

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
3.20%
Original Mortgage
$1,030,981
Outstanding Balance
$925,253
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$296,134

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
$925,253
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$296,134

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: 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 $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: The MLS

MLS Number: 20-633080

The MLS

APN: 6033-023-025