NOT LISTED FOR SALE

Estimated Value: $798,000 - $1,197,000

8 Beds
5 Baths
3,000 Sq Ft
$323/Sq Ft Est. Value

Last Sold April 25, 2014

Last sale price $505,000 $168 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,498/month

19 Days on Market

Highlights

  • Custom Home
  • Laundry Room
  • Forced Air Heating System
  • Cooling Available

About This Home

As of April 2014

BRAND NEW CONSTRUCTION! NO RENT CONTROL! Stunning, Huge Duplex Perfect for Investor or Owner Occupant. (2) 4 Bedroom units for a total of 3000 sqft of Living Space. Front unit features Central A/C and Vaulted Ceilings. All Units have Custom Cabinetry with Granite Countertops and Stylish Tile, Washer Dryer Connections, and Fire Sprinklers. Tons of Off Street Parking!! Property features Low Maintenance Yard, Large Easy Access to Freeway, Public Transportation, and Downtown. Live in One, Rent Out the other and Live for Free! Rent them all out & Enjoy Zero Deferred Maintenance.

Last Agent to Sell the Property

Jason Zielonka

Absolute Real Estate Services, Inc. License #01899967 Listed on: 02/12/2014

Last Buyer's Agent

Clara Shim

America Realty Los Angeles License #00999769

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2014

Lot Details

  • 5,402 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 3,000 Sq Ft Home
  • Custom Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 61
  • Tax Tract Number 2287
  • Assessor Parcel Number 5107027034

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,440
  • Trash Expense $600
  • Water Sewer Expense $3,000
  • New Taxes Expense $6,000
  • Gross Income $4,400
  • Net Operating Income $41,760

Property Details

Home Type

Multi-Family

Year Built

Built in 2014

Lot Details

0

Listing Details

  • CapRate: 8.20
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Architectural Style: Custom Built
  • Property Type: Residential Income
  • Parcel Number: 5107027034
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 168.33

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Closet
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5402.00
  • Lot Size Acres: 0.1240

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1440.00
  • Lot Size Area: 5402.0000 Square Feet
  • Net Operating Income: 41760.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11040.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 61
  • Tax Tract Number: 2287
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2020
Sold by
Park Albert
Bought by
Park Albert
Current Estimated Value
$929,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 12, 2014
Closed on
Apr 14, 2014
Sold by
Nomad 102 Asset Management Llc
Bought by
Park Albert
Seller's Agent
Jason Zielonka
Absolute Real Estate Services, Inc.
Buyer's Agent
Clara Shim
America Realty Los Angeles
List Price
$499,900
Sold Price
$505,000
Premium/Discount to List
$5,100
1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$378,750
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2013
Sold by
Los Angeles First Inner City Church Inc
Bought by
Normad 102 Asset Management Llc

Purchase Details

Closed on
Nov 5, 2007
Sold by
Southern California District Council Of
Bought by
Los Angeles First Inner City Church Inc

Purchase Details

Closed on
May 11, 2004
Sold by
City Of Los Angeles
Bought by
Rogers Annie
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

Date Buyer Sale Price Title Company
Park Albert -- Provident Title Company
Park Albert -- Provident Title Company
Park Albert $505,000 Chicago Title
Normad 102 Asset Management Llc $160,000 Fidelity National Title Co
Los Angeles First Inner City Church Inc -- None Available
Rogers Annie -- --
Rogers Annie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Albert $397,000
Previous Owner Park Albert $378,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2014 04/25/14 Sold $505,000 +1.0% $168 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $499,900 -- $167 / 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 $7,710 $619,052 $202,262 $416,790
2024 $7,710 $606,915 $198,297 $408,618
2023 $7,566 $595,015 $194,409 $400,606
2022 $7,221 $583,349 $190,598 $392,751
2021 $7,122 $571,911 $186,861 $385,050
2019 $6,914 $554,949 $181,319 $373,630
2018 $6,795 $544,068 $177,764 $366,304
2016 $6,516 $522,943 $170,862 $352,081
2015 $6,423 $515,089 $168,296 $346,793
2014 $2,196 $160,725 $140,635 $20,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14030237

California Regional Multiple Listing Service (CRMLS)

APN: 5107-027-034