NOT LISTED FOR SALE

1074 S Genesee Ave Unit 4 Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $2,031,000 - $3,227,096

6 Beds
7 Baths
5,054 Sq Ft
$518/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $1,875,000 $371 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $15,941/month

114 Days on Market

About This Home

As of October 2015

Pleased to present this Turn-Key 4 unit multifamily investment opportunity located at 1074 South Genesee Avenue in Los Angeles, CA. The building consists of the following unit mix: one three-bedroom/three-and-one-half bathroom; one one-and-one-half bedroom/one-and-one-half bathroom; one one-bedroom/one-bathroom; one, single/one-bathroom. Situated on a 7,679-square foot lot with approximately 5,010 square feet of rentable space, this building's well-maintained, beautiful 1930s architecture makes it a luxurious investment that includes a courtyard, fountain and lush landscaping. There is a great value to be added by using the back portion of this property to build two additional units.

Last Agent to Sell the Property

Jon Emrani

Marcus & Millichap License #01427038 Listed on: 05/05/2015

Last Buyer's Agent

Viola Benson

License #01984227

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,354

Year Built

  • Built in 1933

Lot Details

  • 7,679 Sq Ft Lot

Interior Spaces

  • 5,054 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5086-026-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,354

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5054
  • Stories: 2
  • Year Built: 1933
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 385.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 601113
  • Assessed Land Value: 983641
  • Assessor Parcel Number: 5086-026-004
  • Geocode Override: No
  • Lot Size Area: 7679

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.36
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 35094
  • Type Of Units: Residential
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2018
Sold by
Saja Enterprises Llc
Bought by
Realgen Properties Lp
Current Estimated Value
$2,615,774

Purchase Details

Closed on
Apr 19, 2016
Sold by
Avery Steve B and The Steven B Avery Revocable T
Bought by
Saja Enterprises Llc

Purchase Details

Listed on
May 5, 2015
Closed on
Aug 26, 2015
Sold by
Crawford M Elizabeth Jarrett and Lo Yi
Bought by
Avery Steve B and The Steven B Avery Revocable T
Seller's Agent
Jon Emrani
Marcus & Millichap
Buyer's Agent
Viola Benson
List Price
$1,950,000
Sold Price
$1,875,000
Premium/Discount to List
-$75,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.37%
Original Mortgage
$1,312,500
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2007
Sold by
Crawford M Elizabeth Jarrett
Bought by
Crawford M Elizabeth Jarrett and Lo Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 13, 2007
Sold by
Lo Yi
Bought by
Crawford M Elizabeth Jarrett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 8, 2007
Sold by
Crawford M Elizabeth Jarrett and Lo Yi
Bought by
Crawford M Elizabeth Jarrett and Lo Yi

Purchase Details

Closed on
Feb 1, 2007
Sold by
Crawford M Elizabeth Jarrett
Bought by
Crawford M Elizabeth Jarrett and Lo Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Interest Rate
6.11%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 19, 2007
Sold by
1074 S Genesee Ave Llc
Bought by
Crawford M Elizabeth Jarrett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Interest Rate
6.11%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 28, 2005
Sold by
Cohen Nureet and Cohen Ben Moshe
Bought by
1074 S Genesee Ave Llc

Purchase Details

Closed on
Oct 12, 2004
Sold by
Carroll Bev and Betty Rudberg Family Trust
Bought by
Cohen Nureet and Cohen Ben Moshe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
5.82%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 16, 2004
Sold by
Cohen David
Bought by
Cohen Nureet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
5.82%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 23, 1996
Sold by
Rudberg Betty
Bought by
Rudberg Betty I and Betty Rudberg Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Realgen Properties Lp -- Title Company
Saja Enterprises Llc -- None Available
Avery Steve B $1,875,000 North American Title Co Inc
Crawford M Elizabeth Jarrett -- Fidelity National Title Co
Crawford M Elizabeth Jarrett -- Fidelity National Title Co
Crawford M Elizabeth Jarrett -- None Available
Lo Yi -- None Available
Crawford M Elizabeth Jarrett -- None Available
Crawford M Elizabeth Jarrett $1,450,000 Fidelity National Title Co
1074 S Genesee Ave Llc -- --
Cohen Nureet $950,000 Fidelity National Title
Cohen Nureet -- Fidelity National Title
Rudberg Betty I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Avery Steve B $1,312,500
Previous Owner Crawford M Elizabeth Jarrett $130,000
Previous Owner Crawford M Elizabeth Jarrett $1,087,500
Previous Owner Cohen Nureet $580,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2015 10/01/15 Sold $1,875,000 -3.8% $371 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
05/05/2015 05/05/15 For Sale $1,950,000 -- $386 / 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
2025 $25,354 $2,097,171 $1,784,828 $312,343
2024 $25,354 $2,056,051 $1,749,832 $306,219
2023 $24,868 $2,015,737 $1,715,522 $300,215
2022 $23,720 $1,976,214 $1,681,885 $294,329
2021 $23,415 $1,937,465 $1,648,907 $288,558
2019 $24,006 $1,989,865 $1,459,161 $530,704
2018 $23,871 $1,950,850 $1,430,550 $520,300
2016 $22,811 $1,875,000 $1,375,000 $500,000
2015 $19,731 $1,616,417 $1,003,294 $613,123
2014 $19,809 $1,584,754 $983,641 $601,113
Source: Public Records

Agents Affiliated with this Home

  • Jon Emrani

    Seller's Agent in 2015

    Jon Emrani

    Marcus & Millichap

    (310) 422-8052

    17 Total Sales

    Jon Emrani
    Section Image

  • V

    Buyer's Agent in 2015

    Viola Benson

  • K

    Buyer's Agent in 2015

    Kathryn Pearson

See All Agents

Map

Source: The MLS

MLS Number: 15-902365

The MLS

APN: 5086-026-004

California Los Angeles County Los Angeles 90019 Miracle Mile

1074 S Genesee Ave Unit 4, Los Angeles, CA

This home is located at 1074 S Genesee Ave Unit 4, Los Angeles, CA 90019 since 05 May 2015 and is currently estimated at $2,615,774, approximately $517 per square foot. This property was built in 1933. 1074 S Genesee Ave Unit 4 is a home located in Los Angeles County with nearby schools including Carthay Center Elementary School, Fairfax High School, and City Language Immersion Charter (CLIC).

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