$1,150,000
SOLD FEB 6, 2015
4 Beds
4 Baths
3,325 Sq Ft
6,606 Sq Ft Lot

Recently Sold

$346 Per Sq Ft

4% Below List Price

64 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Landscaped
  • Lawn
  • Fire Pit
  • Central Heating

About This Home

As of February 2015

Bank on the Market!! - Buyer could not perform...Pride of ownership property w/same owner for over 35 Years!! Nice duplex in Miracle Mile consisting of similar large units. Upper unit has a spacious porch with Spanish tile flooring. Property has New roof on the house & garage, Electrical upgrades in both units, Central air and heating in both units, Copper piping in both units, Outdoor gas fire pit next to patio, fireplace with gas lighting in both units, Hardwood flooring (carpeting in bedrooms) in downstairs unit, cork flooring throughout in upper unit, Anderson double pane windows in upper unit, Decorative stain glass windows in both units, Wood shutters in bathrooms and bedrooms. 2 private garages with 2 car parking for each unit. additional cars can fit in driveway. Upper unit will be vacant at close of escrow and downstairs unit will be delivered with existing tenant (currently $2260/mo)

Last Agent to Sell the Property

Fred Nabati

Trimax Realty, Inc. License #01276914 Listed on: 11/06/2014

Last Buyer's Agent

Rhonda Scott

Coldwell Banker Realty License #01814437

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,861

Year Built

  • Built in 1937

Lot Details

  • 6,606 Sq Ft Lot
  • East Facing Home
  • Landscaped
  • Sprinkler System
  • Lawn
  • Back Yard

Parking

  • 4 Car Garage
  • Driveway

Home Design

  • Duplex
  • Spanish Tile Roof
  • Clay Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,325 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Oven or Range
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer

Outdoor Features

  • Balcony
  • Fire Pit

Utilities

  • Central Heating
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for air cond/heat maint, cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5085-011-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,861

Year Built

Built in 1937

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3325
  • Stories: 2
  • Year Built: 1937
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: Auction
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Fire Pit, Living Room
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Trash Compactor
  • Price Per S Q F T: 360.90

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Features: Balcony, Full Copper Plumbing
  • Tennis Court Y/N: No
  • Patio: Balcony
  • Pool: No
  • Roof: Clay, Spanish Tile
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 2
  • Parking Garage: Driveway - Concrete, Garage - 2 Car, Garage - 4+ Car
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Central, Fireplace
  • Water: Meter on Property
  • Water Expense: 1440.00

Fee Information

  • Insurance Expense: 1700.00

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Value: 45345
  • Assessed Land Value: 66107
  • Assessor Parcel Number: 5085-011-019
  • Geocode Override: No
  • Lot Description: Back Yard, Landscaped, Lawn, Sidewalks, Single Lot, Street Lighting, Yard
  • Lot Size Area: 6606

Rental Info

  • Land Lease Type: Fee
  • Lease Per Month Year: Full Term
  • Monthly Gross Income: 5475.00
  • Owner Pays: Gardener, Water
  • Tenant Pays: Air Cond/Heat Maint, Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.48
  • Gross Scheduled Income: 65700.00
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 18620
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 15000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2023
Sold by
Stone Charlotte M
Bought by
Ppcs Property Llc
Total Days on Market
64
Current Estimated Value
$1,717,635

Purchase Details

Listed on
Nov 6, 2014
Closed on
Jan 13, 2015
Sold by
Stroman Ernest Earl
Bought by
Stone Charlotte M
Seller's Agent
Fred Nabati
Trimax Realty, Inc.
Buyer's Agent
Rhonda Scott
Coldwell Banker Realty
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$800,700
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2003
Sold by
Stroman Ernest Earl
Bought by
Stroman Ernest Earl and Ernest Earl Stroman Separate Property Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,000
Interest Rate
5.82%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 10, 2003
Sold by
Stroman Ernest Earl
Bought by
Stroman Ernest Earl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,000
Interest Rate
5.82%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 11, 2002
Sold by
Stroman Ernest Earl
Bought by
Stroman Ernest Earl and Ernest Earl Stroman Separate Property Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.69%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 16, 2000
Sold by
Stroman Ernest E
Bought by
Stroman Ernest Earl and Ernest Earl Stroman Separate Property Tr
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 Type Sale Price Title Company
Quit Claim Deed -- --
Grant Deed $1,150,000 North American Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Southland Title
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $800,700 New Conventional
Previous Owner $490,000 Stand Alone First
Previous Owner $60,000 Credit Line Revolving
Previous Owner $60,000 Credit Line Revolving
Previous Owner $440,000 Stand Alone First
Previous Owner $362,000 Stand Alone First
Previous Owner $150,000 Stand Alone Second
Previous Owner $195,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2017 04/03/17 Rented $3,950 0.0% --
04/03/2017 04/03/17 Under Contract -- -- --
02/15/2017 02/15/17 For Rent $3,950 0.0% --
02/06/2015 02/06/15 Sold $1,150,000 -4.2% $346 / Sq Ft
01/09/2015 01/09/15 Pending -- -- --
11/06/2014 11/06/14 For Sale $1,200,000 -- $361 / 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
2024 $17,861 $1,448,400 $943,500 $504,900
2023 $16,421 $1,328,450 $866,380 $462,070
2022 $15,665 $1,302,403 $849,393 $453,010
2021 $15,463 $1,276,867 $832,739 $444,128
2019 $15,002 $1,238,997 $808,041 $430,956
2018 $14,869 $1,214,704 $792,198 $422,506
2016 $14,206 $1,167,537 $761,437 $406,100
2015 $1,562 $113,677 $67,427 $46,250
2014 $1,582 $111,452 $66,107 $45,345
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-808041

The MLS

APN: 5085-011-019