NOT LISTED FOR SALE

Estimated Value: $1,609,000 - $2,113,000

12 Beds
4 Baths
2,300 Sq Ft
$844/Sq Ft Est. Value

Last Sold September 25, 2017

Last sale price $1,150,000 $500 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $11,934/month

56 Days on Market

About This Home

As of September 2017

Sale price includes adjacent 3,000 SF single family residence at 1135 Leighton Ave with actual income of $3,000/mo. ($3,500/mo. projected income). Property must be sold together (quadruplex plus SFR). Total building SF = 5,300 on 13,760 SF of land. Pro forma $71,240 annual net income; 5.1% pro forma cap rate. Zoned LA RD1.5. APN 5037-021-026,027. No rent stabilization per Zimas (buyer to verify). Just 1/2 mile west of Los Angeles Coliseum, Exposition Park and USC campus. Upside potential! Total asking price = $1,400,000. Contact broker for more information.

Last Agent to Sell the Property

Bradley Luster

Major Properties License #00913803 Listed on: 04/06/2017

Last Buyer's Agent

Bradley Luster

Major Properties License #00913803 Listed on: 04/06/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,022

Year Built

  • Built in 1989

Lot Details

  • 6,913

Home Design

  • 2,300 Sq Ft Home
  • Quadruplex

Parking

  • 9 Parking Spaces
  • Uncovered Parking

Additional Features

  • Oven or Range
  • 4 Bathrooms
  • 6,913 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5037-021-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,022

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 2300
  • Year Built: 1989
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 608.70

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 9

Utilities

  • Heating: Forced Air

Lot Info

  • Assessed Improvement Value: 109038
  • Assessed Land Value: 267146
  • Assessor Parcel Number: 5037-021-026
  • Geocode Override: No
  • Lot Size Area: 6913

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.40
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 33160
  • Type Of Units: Quadruplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2019
Sold by
Campus 23 Properties Llc
Bought by
1145 Leighton Avenue Llc
Current Estimated Value
$1,738,000

Purchase Details

Closed on
Jun 27, 2017
Sold by
Society Of Saint Vincent De Paul
Bought by
Campus 23 Properties Llc

Purchase Details

Closed on
Feb 12, 2009
Sold by
Peoples William
Bought by
Walker Josephine
Source: Public Records

Range of Values:

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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
1145 Leighton Avenue Llc $4,375,000 Lawyers Title
Campus 23 Properties Llc $1,150,000 First American Title Co
Walker Josephine -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1145 Leighton Avenue Llc $2,950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2017 09/25/17 Sold $1,150,000 -17.9% $500 / Sq Ft
06/01/2017 06/01/17 Pending -- -- --
04/06/2017 04/06/17 For Sale $1,400,000 -- $609 / 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 $29,022 $2,406,018 $1,312,373 $1,093,645
2024 $29,022 $2,358,842 $1,286,641 $1,072,201
2023 $28,464 $2,312,591 $1,261,413 $1,051,178
2022 $27,147 $2,267,247 $1,236,680 $1,030,567
2021 $26,800 $2,222,792 $1,212,432 $1,010,360
2020 $27,075 $2,200,000 $1,200,000 $1,000,000
2019 $9,771 $790,500 $561,000 $229,500
2018 $9,637 $775,000 $550,000 $225,000
2016 $4,817 $376,184 $267,146 $109,038
2015 $4,751 $370,535 $263,134 $107,401
2014 $4,794 $363,278 $257,980 $105,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-217312

The MLS

APN: 5037-021-026