NOT LISTED FOR SALE

10876 Sutter Ave Los Angeles, CA 91331

Estimated Value: $848,074 - $934,000

5 Beds
3 Baths
2,140 Sq Ft
$416/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $760,000 $355 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,826/month

65 Days on Market

About This Home

As of February 2022

10876 Sutter Ave in Pacoima is a (4) Four-Plex in the heart of the redeveloping area of Pacoima. The property is comprised of (1) One (3) Three Bedroom and (1) One Bath House, (1) One (2) Two Bedroom and (1) One Bath Unit and (2) Two (1) One Bedroom and (1) One Bath Units. Located between Paxton and Van Nuys Blvd just north of San Fernando Rd. and The property has tremendous rental upside. The property is individually metered for gas and electricity. The Rents are as follows: 3+1 - $890.00, 2+1 - $710.00, 1+1 - $710.00 and 1+1 - $675.00.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 11/23/2021

Keller Williams Realty-Studio City

Co-Listed By

Mike Pesci

Keller Williams Studio City License #01274379

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,347

Year Built

  • Built in 1940

Lot Details

  • 7,099 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 2,140 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 537 / 20
  • Tax Tract Number 2535
  • Assessor Parcel Number 2535015004
  • $845 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,466
  • Fuel Expense $1,466
  • Insurance Expense $1,070
  • Trash Expense $360
  • Water Sewer Expense $1,466
  • Operating Expense $19,357
  • Gross Income $35,820
  • Net Operating Income $15,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,347

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Price Per Unit: 224750
  • Property Attached: Yes
  • Water Sewer Expenses: 1466.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2535015004
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 355.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7099.00
  • Lot Size Acres: 0.1630

Multi Family

  • Electric Expense: 1466.00
  • Fuel Expense: 1466.00
  • Gross Income: 35820.00
  • Gross Operating Income: 34745.00
  • Gross Scheduled Income: 35820.00
  • Insurance Expense: 1070.00
  • Lot Size Area: 7099.0000 Square Feet
  • Net Operating Income: 15388.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 19357.00
  • Rent Control: Yes
  • Total Expenses: 19357.00
  • Vacancy Allowance: 1075
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 20
  • Tax Census Tract: 1043.20
  • Tax Lot: 537
  • Tax Tract Number: 2535
  • TaxOtherAnnualAssessmentAmount: 845.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Jan 13, 2022
Sold by
Lopez Family Trust
Bought by
Serrano Adolfo A and Serrano Raquel C
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
List Price
$899,000
Sold Price
$760,000
Premium/Discount to List
-$139,000
-15.46%
Current Estimated Value
$891,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,037
Avg. Annual Appreciation
3.92%
Original Mortgage
$532,000
Outstanding Balance
$500,572
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$363,998

Purchase Details

Closed on
Oct 26, 2021
Sold by
Lopez Eliseo
Bought by
Lopez Gregory and Rangel Deborah Ann

Purchase Details

Closed on
Aug 8, 2018
Sold by
Lopez Eliseo Adame
Bought by
Lopez Eloise

Purchase Details

Closed on
Feb 8, 2001
Sold by
Lopez Eliseo and Lopez Eloise
Bought by
Lopez Eliseo and Lopez Eloise
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 Buyer Sale Price Title Company
Serrano Adolfo A $760,000 Lawyers Title
Lopez Eliseo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Serrano Adolfo A $532,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $760,000 -15.5% $355 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
11/23/2021 11/23/21 For Sale $899,000 -- $420 / 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 $10,347 $790,703 $474,422 $316,281
2023 $10,159 $775,200 $465,120 $310,080
2022 $1,456 $50,771 $10,365 $40,406
2021 $1,434 $49,776 $10,162 $39,614
2019 $1,412 $48,301 $9,861 $38,440
2018 $1,299 $47,355 $9,668 $37,687
2016 $1,194 $45,519 $9,294 $36,225
2015 $1,186 $44,836 $9,155 $35,681
2014 $1,225 $43,959 $8,976 $34,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21254246

California Regional Multiple Listing Service (CRMLS)

APN: 2535-015-004