1118 Masselin Ave Los Angeles, CA 90019
Miracle Mile Neighborhood
4
Beds
4
Baths
2,569
Sq Ft
7,884
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Wall Furnace
About This Home
As of December 2020OFFER DEADLINE IS TUESDAY 12-8-20 at 5PM. First time on market in 44 years! Miracle Mile’s Best Valued Quadruplex! All 4 units are 1 Bedroom + 1 Bathroom. Building is 2569sf on 7884sf lot. One Unit is vacant. Monthly Rents for 3 occupied units are $1,100, $817, and 750. Some units have upgrades. 2 units have washer and dryer hookups. Property has detached 2 Car Garage with more room for on-site parking. Building is well maintained. Separate electric meters and separate gas meters. Centrally located in highly coveted Miracle Mile and close to Mid-Wilshire, Hancock Park, Carthay Circle, Downtown Los Angeles, Westside. Easy access to transportation, entertainment, prime shops, yummy restaurants, elegant cafes, relaxing parks, and museums. Excellent investment opportunity!
Last Agent to Sell the Property
Bogun Realty and Luxury Homes License #01479541 Listed on: 11/28/2020
Last Buyer's Agent
Bogun Realty and Luxury Homes License #01479541 Listed on: 11/28/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,044
Year Built
- Built in 1927
Lot Details
- 7,884 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Open Parking Spaces
- 2 Car Garage
Home Design
- 2,569 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 214
- Tax Tract Number 5674
- Assessor Parcel Number 5085005009
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Gardener Expense $60
- Insurance Expense $250
- Water Sewer Expense $188
- New Taxes Expense $12,500
- Operating Expense $677
- Gross Income $52,404
- Net Operating Income $45,477
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 4, 2023
Sold by
Mcclendon Ceola
Bought by
Tatum-Mack Trust
Current Estimated Value
Purchase Details
Listed on
Nov 28, 2020
Closed on
Dec 22, 2020
Sold by
Hale Fay Janet
Bought by
Boyce Brenda M
Seller's Agent
Bandele Oguntomilade
Bogun Realty and Luxury Homes
Buyer's Agent
Bandele Oguntomilade
Bogun Realty and Luxury Homes
List Price
$1,000,000
Sold Price
$1,215,000
Premium/Discount to List
$215,000
21.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$729,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 28, 2020
Closed on
Dec 18, 2020
Sold by
Boyc Brenda M
Bought by
Mcclendon Ceola
Seller's Agent
Bandele Oguntomilade
Bogun Realty and Luxury Homes
Buyer's Agent
Bandele Oguntomilade
Bogun Realty and Luxury Homes
List Price
$1,000,000
Sold Price
$1,215,000
Premium/Discount to List
$215,000
21.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 2, 2013
Sold by
Hale Fay Janet
Bought by
Hale Fay Janet and The Hale Family Wealth Living Trust
Similar Homes in the area
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Grant Deed | $1,215,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $729,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2020 12/31/20 | Sold | $1,215,000 | 0.0% | $473 / Sq Ft |
| 12/13/2020 12/13/20 | Pending | -- | -- | -- |
| 12/10/2020 12/10/20 | Off Market | $1,215,000 | -- | -- |
| 11/28/2020 11/28/20 | For Sale | $1,000,000 | -- | $389 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,044 | $1,289,367 | $955,087 | $334,280 |
| 2023 | $15,741 | $1,264,086 | $936,360 | $327,726 |
| 2022 | $15,021 | $1,239,300 | $918,000 | $321,300 |
| 2021 | $14,834 | $1,215,000 | $900,000 | $315,000 |
| 2020 | $1,878 | $110,486 | $91,119 | $19,367 |
| 2019 | $1,824 | $108,321 | $89,333 | $18,988 |
| 2018 | $1,675 | $106,198 | $87,582 | $18,616 |
| 2016 | $1,583 | $102,076 | $84,182 | $17,894 |
| 2015 | $1,565 | $100,544 | $82,918 | $17,626 |
| 2014 | $1,601 | $98,575 | $81,294 | $17,281 |
Source: Public Records
Agents Affiliated with this Home
-
Bandele Oguntomilade
Seller's Agent in 2020
Bandele Oguntomilade
Bogun Realty and Luxury Homes
(818) 883-6997
1 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR20247702
APN: 5085-005-009
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