NOT LISTED FOR SALE

Estimated Value: $951,000 - $1,189,000

7 Beds
4 Baths
2,848 Sq Ft
$369/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $825,000 $290 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,891/month

90 Days on Market

About This Home

As of November 2020

These units are a great investment for a first-time investor or seasoned investor seeking solid returns. The property is composed of three units with upside rent potential. The front unit has three bedrooms and two bathrooms. The two rear units consist of two bedrooms and one bath. There’s a two-car garage plus carport parking. Close to schools, restaurants, transportation, freeway access and near SoFi Stadium and LAX. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.

Last Agent to Sell the Property

The Mark and Al Team

CENTURY 21 MASTERS License #00914322 Listed on: 08/05/2020

CENTURY 21 MASTERS

Last Buyer's Agent

Neda Farjoodi

Keller Williams Shoreline License #01734749

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,471

Year Built

  • Built in 1938

Lot Details

  • 8,261 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • 2,848 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 287
  • Assessor Parcel Number 4037013028

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,152
  • Fuel Expense $1,200
  • Insurance Expense $1,224
  • Trash Expense $876
  • Water Sewer Expense $876
  • New Taxes Expense $10,800
  • Operating Expense $16,128
  • Gross Income $59,400
  • Net Operating Income $43,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,471

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.81
  • Property Attached: No
  • Water Sewer Expenses: 876.00
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Parcel Number: 4037013028
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 289.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Trash Expense: 876.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8261.00
  • Lot Size Acres: 0.1896

Multi Family

  • Electric Expense: 1152.00
  • Fuel Expense: 1200.00
  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 1224.00
  • Lot Size Area: 8261.0000 Square Feet
  • Net Operating Income: 43272.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 16128.00
  • Rent Control: No
  • Total Expenses: 16128.00

Tax Info

  • New Taxes Expense: 10800.00
  • Tax Census Tract: 6017.00
  • Tax Lot: 32
  • Tax Tract Number: 287

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Nov 4, 2020
Sold by
Alarcon Francisca
Bought by
17 Star Holdings Llc
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
Neda Farjoodi
Keller Williams Shoreline
List Price
$899,900
Sold Price
$825,000
Premium/Discount to List
-$74,900
-8.32%
Current Estimated Value
$1,051,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,574
Avg. Annual Appreciation
4.76%

Purchase Details

Closed on
May 3, 2008
Sold by
Alarcon Francisco and Alarcon Francisca
Bought by
Alarcon Francisco and Alarcon Francisca
Source: Public Records

Range of Values:

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Average Value
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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
17 Star Holdings Llc $825,000 Chicago Title Company
Alarcon Francisco -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alarcon Francisco $318,500
Previous Owner Alarcon Francisco $207,700
Previous Owner Alarcon Francisco $197,000
Previous Owner Alarcon Francisco $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $825,000 -2.8% $290 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
09/23/2020 09/23/20 Price Changed $849,000 -5.7% $298 / Sq Ft
08/05/2020 08/05/20 For Sale $899,900 -- $316 / 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
2025 $14,471 $893,003 $535,802 $357,201
2024 $14,471 $875,495 $525,297 $350,198
2023 $13,938 $858,330 $514,998 $343,332
2022 $14,004 $841,500 $504,900 $336,600
2021 $13,295 $825,000 $495,000 $330,000
2020 $5,045 $211,560 $66,251 $145,309
2019 $4,716 $207,412 $64,952 $142,460
2018 $4,516 $203,346 $63,679 $139,667
2016 $4,139 $195,452 $61,207 $134,245
2015 $4,051 $192,517 $60,288 $132,229
2014 $4,045 $188,747 $59,108 $129,639
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20156169

California Regional Multiple Listing Service (CRMLS)

APN: 4037-013-028