Seller's Agent in 2019
Guy Azar
The Agency
(818) 339-4192
48 Total Sales
10721 Francis Place Los Angeles, CA 90034
Estimated Value: $1,375,000 - $2,088,889
5
Beds
4
Baths
2,776
Sq Ft
$652/Sq Ft
Est. Value
Highlights
- City Lights View
- Property is near public transit
- Bamboo Flooring
- Venice High School Rated A
- Traditional Architecture
- Main Floor Primary Bedroom
About This Home
As of May 2019Great investment opportunity in Palms for a four-unit property. Three one-bedroom, one-bathroom residences and one two-bedroom, one-bathroom residence. Property is meticulously well kept and in great condition. Some of the upgrades include tankless water heater, tile kitchen countertops, tile bathroom floors, copper plumbing, laundry hookups and much more. The property has a covered, two-car garage and a total of eight parking spaces that come with the building, a very rare amenity in this area. Property is located in a prime Palms location where residents and tenants can enjoy easy access to the 405 and I-10 freeways. Experience the slew of new bars and restaurants popping up in the immediate area, as well as conveniently located casual dining and nightlife. Ideal for people who work in the entertainment industry due to the close proximity to the vibrant Sony and Fox Studios. College students who attend UCLA which is only five miles north. Minutes away from Beverly Hills, Santa Monica, Los Angeles airport, Hollywood and the world-renowned Venice Beach. The property will be delivered with two units that are tenant occupied and two units that are vacant. This could be great for an investor that is looking for an income property, an owner user that would like to occupy one of the units and rent the rest or a builder/developer that is looking to build a new project. This is an excellent investment opportunity
Last Buyer's Agent
Lihong Ji
Spectrum Realty License #02063471
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,779
Year Built
- Built in 1953
Lot Details
- 6,434 Sq Ft Lot
- No Common Walls
- Fenced
- Fence is in excellent condition
- Lawn
- Density is 6-10 Units/Acre
- Value in Land
Parking
- 2 Car Garage
- 6 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Driveway
- Assigned Parking
Property Views
- City Lights
- Woods
- Mountain
- Hills
- Neighborhood
Home Design
- Quadruplex
- Traditional Architecture
- Turnkey
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
- Wood Siding
- Steel Beams
- Pre-Cast Concrete Construction
- Copper Plumbing
- Plaster
Interior Spaces
- 2,776 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Blinds
- Separate Family Room
- Living Room
Kitchen
- Gas Oven
- Gas Cooktop
- Dishwasher
- Disposal
Flooring
- Bamboo
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- Doors swing in
- Accessible Parking
Location
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 15
- Tax Tract Number 2718
- Assessor Parcel Number 4252033021
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $2,600
- Insurance Expense $1,793
- Maintenance Expense $200
- Other Expense $11,426
- Supplies Expense $457
- Water Sewer Expense $1,352
- New Taxes Expense $24,987
- Operating Expense $18,969
- Gross Income $76,457
- Net Operating Income $76,457
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 25, 2019
Sold by
Sun Qi and Ji Lihong
Bought by
Sun Qi and Ji Lihong
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,234,000
Outstanding Balance
$1,096,562
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$712,160
Purchase Details
Listed on
Mar 14, 2019
Closed on
May 1, 2019
Sold by
Christian Dario Manno Rlt
Bought by
Sun Qi and Ji Lihong
Seller's Agent
Guy Azar
The Agency
Buyer's Agent
Lihong Ji
Spectrum Realty
List Price
$1,999,000
Sold Price
$1,700,000
Premium/Discount to List
-$299,000
-14.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.97%
Original Mortgage
$1,237,500
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 23, 2013
Sold by
Moore Cristian and Mann Ariel H
Bought by
Moore Cristian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 22, 2013
Sold by
Manno Cristian D and Manno Ariel H
Bought by
Manno Cristian D and Manno Cristian Dario
Purchase Details
Closed on
Nov 13, 2000
Sold by
Manno Margaret
Bought by
Manno Cristian D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.81%
Purchase Details
Closed on
Oct 23, 2000
Sold by
Patail Ahmed and Virjee Shams T
Bought by
Manno Cristian D and Manno Ariel H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.81%
Purchase Details
Closed on
Oct 29, 1999
Sold by
Jones Alan Martin
Bought by
Patail Ahmed and Virjee Shams T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,600
Interest Rate
3.45%
Purchase Details
Closed on
Oct 3, 1995
Sold by
Knecht Calvin and Knecht Mirtle C
Bought by
Jones Alvin Martin
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sun Qi | -- | Ticor Title Company Of Ca | |
| Sun Qi | $1,700,000 | Pacific Coast Title Company | |
| Moore Cristian | -- | Lawyers Title | |
| Manno Cristian D | -- | None Available | |
| Manno Cristian D | -- | Chicago Title Co | |
| Manno Ariel H | -- | Chicago Title Co | |
| Manno Cristian D | $360,000 | Chicago Title Co | |
| Patail Ahmed | $292,000 | American Title Co | |
| Jones Alvin Martin | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sun Qi | $1,234,000 | |
| Closed | Sun Qi | $1,237,500 | |
| Previous Owner | Moore Cristian | $300,000 | |
| Previous Owner | Manno Cristian D | $288,000 | |
| Previous Owner | Patail Ahmed | $233,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/28/2019 05/28/19 | Sold | $1,700,000 | -15.0% | $612 / Sq Ft |
| 04/29/2019 04/29/19 | Pending | -- | -- | -- |
| 03/14/2019 03/14/19 | For Sale | $1,999,000 | -- | $720 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $22,779 | $1,896,377 | $1,450,172 | $446,205 |
| 2024 | $22,779 | $1,859,194 | $1,421,738 | $437,456 |
| 2023 | $22,340 | $1,822,740 | $1,393,861 | $428,879 |
| 2022 | $21,304 | $1,787,001 | $1,366,531 | $420,470 |
| 2021 | $21,042 | $1,751,963 | $1,339,737 | $412,226 |
| 2020 | $21,259 | $1,734,000 | $1,326,000 | $408,000 |
| 2019 | $11,563 | $946,433 | $663,354 | $283,079 |
| 2018 | $11,426 | $927,877 | $650,348 | $277,529 |
| 2016 | $10,916 | $891,849 | $625,096 | $266,753 |
| 2015 | $10,758 | $878,454 | $615,707 | $262,747 |
| 2014 | $10,815 | $861,248 | $603,647 | $257,601 |
Source: Public Records
Agents Affiliated with this Home
-
Guy Azar
-
L
Buyer's Agent in 2019
Lihong Ji
Spectrum Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19054642
APN: 4252-033-021
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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