NOT LISTED FOR SALE

Estimated Value: $869,000 - $1,171,000

9 Beds
4 Baths
3,142 Sq Ft
$320/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $520,000 $165 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $6,310/month

97 Days on Market

Highlights

  • No HOA
  • Tile Countertops
  • Wall Furnace

About This Home

As of November 2014

Perfect investor opportunity, take advantage of this recent price reduction!! Great time to buy apartment building with 4 units of income. Situated with easy access to 110, 91, 105 freeways. A quick drive to top LA attractions, Staples Center, Coliseum, LA Live, USC, giving this building a strong rental property probability. Two story, well maintained, 100% occupied, on-site parking. Low vacancy rates.

This is an excellent time to take advantage of incredibly low interest rates. The area has an eclectic mix of single family homes, apartment buildings and condo's. Its residents have the draw of being in very close proximity to a wide array of entertainment, shopping, public transportation and dining that LA is known for.

Excellent unit mix of 2 bedrooms, 1 bath units. There is also one larger size unit that is great for your tenants with larger families, having 3 bedrooms, 1 bathroom. Gated entry, privacy hedges, interior and exterior new paint, some units provide crown molding, move in ready. New roof, New interior paint, tile flooring, Staircase, Nice size closets. This apartment building is a must see!!! Sellers are very, very, motivated, give us a call and make an appointment today!! All reasonable offers will be considered.

Last Agent to Sell the Property

Chantay Clark-Bridges

eXp Realty of California Inc License #01816854 Listed on: 06/10/2014

eXp Realty of California Inc

Last Buyer's Agent

Chantay Clark-Bridges

eXp Realty of California Inc License #01816854 Listed on: 06/10/2014

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,291

Year Built

  • Built in 1953

Lot Details

  • 4,337 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 3,142 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Parking Available
  • Uncovered Parking

Utilities

  • Wall Furnace
  • Septic Type Unknown

Additional Features

  • Tile Countertops
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 23
  • Tax Tract Number 5278
  • Assessor Parcel Number 6052006022

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,148
  • Water Sewer Expense $322
  • New Taxes Expense $4,791
  • Gross Income $4,940
  • Net Operating Income $29,712

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,291

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 322.00
  • Property Type: Residential Income
  • Parcel Number: 6052006022
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 165.50

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4337.00
  • Lot Size Acres: 0.1000

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Gross Income: 4940.00
  • Gross Scheduled Income: 59280.00
  • Insurance Expense: 2148.00
  • Lot Size Area: 4337.0000 Square Feet
  • Net Operating Income: 29712.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 29712.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4791.00
  • Tax Lot: 23
  • Tax Tract Number: 5278
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2014
Closed on
Oct 7, 2014
Sold by
Julia S Investments Llc
Bought by
Bell Vincent
Seller's Agent
Chantay Clark-Bridges
eXp Realty of California Inc
Buyer's Agent
Chantay Clark-Bridges
eXp Realty of California Inc
List Price
$589,000
Sold Price
$520,000
Premium/Discount to List
-$69,000
-11.71%
Current Estimated Value
$1,031,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,333
Avg. Annual Appreciation
6.35%
Original Mortgage
$547,668
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2011
Sold by
109 East 95Th Avenue Investors Llc
Bought by
Julias Investments Llc

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
4.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 11, 2009
Sold by
Deutsche Bank Trust Company Americas
Bought by
109 East 95Th Avenue Investors Llc

Purchase Details

Closed on
Jul 14, 2008
Sold by
Salako Oyekunle
Bought by
Deutsche Bank Trust Co Americas

Purchase Details

Closed on
Dec 19, 2005
Sold by
Salako Margo
Bought by
Salako Oyekunle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,500
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 11, 2005
Sold by
Kweon Sung Wook
Bought by
Salako Oyekunle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,500
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 4, 2005
Sold by
Kim Eun H
Bought by
Kweon Sung Wook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.64%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 13, 2005
Sold by
Atl Investment Group Llc
Bought by
Kweon Sung Wook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.64%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 13, 2004
Sold by
Trinh Loan Phuong
Bought by
Trinh An Duc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2003
Sold by
Hud
Bought by
Trinh Loan Phuong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,900
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2001
Sold by
Rodriguez Erick N and Rodriguez Olivia
Bought by
Firstar Bank Na

Purchase Details

Closed on
Apr 27, 2001
Sold by
Firstar Bank Na
Bought by
Hud

Purchase Details

Closed on
Mar 11, 1999
Sold by
Hernandez Ricardo
Bought by
Rodriguez Erick N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,206
Interest Rate
6.92%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 17, 1997
Sold by
Hud
Bought by
Hernandez Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,592
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 21, 1997
Sold by
Harbourton Mtg Co Lp
Bought by
Hud

Purchase Details

Closed on
Oct 31, 1996
Sold by
Alfar Jose Roberto and Harbourton Mtg Co Lp
Bought by
Harbourton Mtg Co Lp

Purchase Details

Closed on
Jun 13, 1995
Sold by
Sun West Mtg Co Inc
Bought by
Roman Alvaro Dejesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 17, 1995
Sold by
Iglesias Juan M and Sunwest Mtg Company Inc
Bought by
Sun West Mtg Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.37%
Mortgage Type
Seller Take Back
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
Bell Vincent $520,000 Provident Title Company
Julias Investments Llc $320,003 First American Title Ins Co
109 East 95Th Avenue Investors Llc -- First American Title Ins Co
Deutsche Bank Trust Co Americas $405,000 None Available
Salako Oyekunle -- Chicago Title Company
Salako Oyekunle $670,000 --
Kweon Sung Wook -- North American Title Co
Kweon Sung Wook $600,000 North American Title Co
Atl Investment Group Llc -- North American Title Co
Trinh An Duc -- Fidelity National Title
Trinh Loan Phuong $261,000 Nations
Firstar Bank Na $289,164 Chicago Title Co
Hud -- Chicago
Rodriguez Erick N $270,000 American Title Co
Hernandez Ricardo $156,500 --
Hud -- Benefit Land Title Ins Co
Harbourton Mtg Co Lp $216,904 Benefit Land Title Ins Co
Roman Alvaro Dejesus -- --
Sun West Mtg Co Inc $23,198 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Vincent $453,000
Closed Bell Vincent $547,668
Previous Owner Julias Investments Llc $230,000
Previous Owner Julias Investments Llc $377,500
Previous Owner Julias Investments Llc $100,000
Previous Owner Salako Oyekunle $100,500
Previous Owner Salako Oyekunle $536,000
Previous Owner Kweon Sung Wook $30,000
Previous Owner Atl Investment Group Llc $30,000
Previous Owner Kweon Sung Wook $540,000
Previous Owner Trinh An Duc $350,000
Previous Owner Trinh Loan Phuong $234,900
Previous Owner Rodriguez Erick N $75,000
Previous Owner Rodriguez Erick N $268,206
Previous Owner Hernandez Ricardo $196,592
Previous Owner Roman Alvaro Dejesus $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2014 11/21/14 Sold $520,000 -11.7% $165 / Sq Ft
09/15/2014 09/15/14 Pending -- -- --
06/10/2014 06/10/14 For Sale $589,000 -- $187 / 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 $8,291 $624,954 $264,403 $360,551
2024 $8,291 $612,701 $259,219 $353,482
2023 $8,138 $600,688 $254,137 $346,551
2022 $7,782 $588,910 $249,154 $339,756
2021 $7,673 $577,364 $244,269 $333,095
2019 $7,450 $560,241 $237,025 $323,216
2018 $7,366 $549,257 $232,378 $316,879
2016 $7,014 $527,930 $223,355 $304,575
2015 $6,908 $520,000 $220,000 $300,000
2014 $4,803 $334,439 $188,122 $146,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14124033

California Regional Multiple Listing Service (CRMLS)

APN: 6052-006-022