NOT LISTED FOR SALE

Estimated Value: $884,000 - $971,000

9 Beds
4 Baths
3,142 Sq Ft
$292/Sq Ft Est. Value

Sale Details

Date Sold: November 21, 2014

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

Est. 76% increase in value since last sale

Current estimated payment $5,629 / mo

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

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

Year Built

Built in 1953

Lot Details

4,337 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2014
Closed on
Oct 7, 2014
Sold by
Bought by
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
$917,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,667
Avg. Annual Appreciation
5.01%
Original Mortgage
$547,668
Outstanding Balance
$408,811
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$508,856

Purchase Details

Closed on
May 5, 2011
Sold by
Bought by

Purchase Details

Closed on
May 11, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 14, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2005
Sold by
Bought by

Purchase Details

Closed on
Jul 13, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 13, 2004
Sold by
Bought by

Purchase Details

Closed on
May 8, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 16, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 11, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 17, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 21, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 13, 1995
Sold by
Bought by

Purchase Details

Closed on
May 17, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$520,000 Provident Title Company
$520,000 Provident Title Company
$320,003 First American Title Ins Co
$320,003 First American Title Ins Co
-- First American Title Ins Co
-- First American Title Ins Co
$405,000 None Available
$405,000 None Available
-- Chicago Title Company
-- Chicago Title Company
$670,000 --
$670,000 --
-- North American Title Co
-- North American Title Co
$600,000 North American Title Co
-- North American Title Co
$600,000 North American Title Co
-- North American Title Co
-- Fidelity National Title
-- Fidelity National Title
$261,000 Nations
$261,000 Nations
$289,164 Chicago Title Co
$289,164 Chicago Title Co
-- Chicago
-- Chicago
$270,000 American Title Co
$270,000 American Title Co
$156,500 --
$156,500 --
-- Benefit Land Title Ins Co
-- Benefit Land Title Ins Co
$216,904 Benefit Land Title Ins Co
$216,904 Benefit Land Title Ins Co
-- --
-- --
$23,198 Commonwealth Land Title
$23,198 Commonwealth Land Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $547,668
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,428 $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

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