NOT LISTED FOR SALE
Studio
1 Bath
6,528 Sq Ft
7,180 Sq Ft Lot

Last Sold September 28, 2012

Last sale price $840,000 $129 Per Sq Ft

105 Days on Market

About This Home

As of September 2012

Pride of ownership property in highly desirable South LA location. Consisits of 14 singles and 3 commercial units. Recently rehabbed including new electric and plumbing. Everything signed off by the Department of Building and Safety. 11 Units + 3 commercial are vacant and rent ready. Chase Bank just opened in walking distance. Don't miss out on this opportunity!

Last Agent to Sell the Property

Talwinder Rana

On It Realty Listed on: 06/15/2012

Last Buyer's Agent

Greg Trotter

License #00978695

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,180 Sq Ft Lot

Home Design

  • 6,528 Sq Ft Home

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Community Details

  • 17 Units

Listing and Financial Details

  • The owner pays for electricity, gas
  • Assessor Parcel Number 5104-025-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6528
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 137.85

Exterior Features

  • Pool: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 5

Utilities

  • Electric Expense: 4200.00
  • Water Expense: 6900.00

Fee Information

  • Gas Expense: 1680.00
  • Insurance Expense: 3600.00
  • Maintenance Expense: 8400.00
  • Management Expense: 4200.00

Lot Info

  • Assessed Improvement Value: 59980
  • Assessed Land Value: 209939
  • Assessor Parcel Number: 5104-025-024
  • Lot Size Area: 7180

Rental Info

  • Owner Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 7.40
  • Number Of Units: 17
  • Rent Control: 100
  • Type Of Units: Mixed Use

Tax Info

  • Tax Expense: 10124.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2017
Sold by
Hogan Brent
Bought by
856 W 42Nd Pl Llc

Purchase Details

Closed on
Oct 30, 2014
Sold by
Medina William and William Medina Revocable Trust
Bought by
Hogan Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 15, 2012
Closed on
Sep 19, 2012
Sold by
1122 East 57Th Street Lp
Bought by
Medina William and William Medina Revocable Trust
Seller's Agent
Talwinder Rana
On It Realty
Buyer's Agent
Greg Trotter
List Price
$899,000
Sold Price
$840,000
Premium/Discount to List
-$59,000
-6.56%

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
3.59%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 23, 2011
Sold by
Watts Kenneth C and Watts Arleta
Bought by
1122 E 57Th Street Lp

Purchase Details

Closed on
Sep 12, 2000
Sold by
Watts Kenneth C
Bought by
Watts Kenneth C and Watts Arleta

Purchase Details

Closed on
Jan 13, 2000
Sold by
Garrett Rubye
Bought by
Garrett Rubye and Watts Kenneth C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
856 W 42Nd Pl Llc -- None Available
Hogan Brent -- Equity Title
Medina William $840,000 Fidelity National Title
1122 E 57Th Street Lp -- Fidelity National Title Co
Watts Kenneth C -- Old Republic Title
Garrett Rubye -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hogan Brent $637,000
Previous Owner Medina William $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2012 09/28/12 Sold $840,000 -6.6% $129 / Sq Ft
09/28/2012 09/28/12 Pending -- -- --
06/15/2012 06/15/12 For Sale $899,000 -- $138 / 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
2025 $13,809 $1,093,674 $372,568 $721,106
2024 $13,809 $1,072,230 $365,263 $706,967
2023 $13,551 $1,051,206 $358,101 $693,105
2022 $12,938 $1,030,595 $351,080 $679,515
2021 $12,757 $1,010,389 $344,197 $666,192
2020 $12,876 $1,000,030 $340,668 $659,362
2019 $12,385 $714,000 $357,000 $357,000
2018 $12,213 $961,200 $327,441 $633,759
2017 $11,953 $942,354 $321,021 $621,333
2016 $11,641 $923,877 $314,727 $609,150
2015 $11,476 $910,000 $310,000 $600,000
2014 $10,938 $843,813 $290,312 $553,501
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-607175

The MLS

APN: 5104-025-024