NOT LISTED FOR SALE

Estimated Value: $864,825 - $890,000

11 Beds
9 Baths
3,793 Sq Ft
$231/Sq Ft Est. Value

Last Sold March 07, 2024

Last sale price $865,000 $228 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,411/month

16 Days on Market

Highlights

  • Gated Parking
  • Ceiling Fan
  • Gated Home
  • Spanish Architecture

About This Home

As of March 2024

Incredible opportunity to own a 5 unit building with a great unit mix in a rapidly growing part of LA - 50% upside in rents! This fully gated property comprises 3 separate buildings featuring a front duplex with a 4BD/3BA and 3BD/2BA, a detached home with 2 BD, 1BA and another duplex with two 1BD/1BA. Separately metered for gas and electric. Your chance to add significant value to this property which is close to freeways, USC and downtown.

Last Listed By

Grant Linscott

Keller Williams Realty Los Feliz License #01715002 Listed on: 01/31/2024

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,004

Year Built

  • Built in 1920

Lot Details

  • 6,935 Sq Ft Lot
  • Gated Home

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,793 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Private Parking
  • Gated Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5107-008-012

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,004

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3793
  • Lot Acreage: 0.1592
  • Stories: 2
  • Year Built: 1920
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas/Electric Range
  • Bedrooms: 11
  • Total Bathrooms: 9.00
  • Equipment: Ceiling Fan, Range/Oven
  • Price Per S Q F T: 237.02

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Gated, Private
  • Total Parking: 5

Utilities

  • Heating: Wall
  • Security: Gated
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 42.03
  • Assessed Improvement Value: 171619
  • Assessed Land Percent: 57.97
  • Assessed Land Value: 236719
  • Total Assessed Value: 408338
  • Assessor Parcel Number: 5107-008-012
  • Lot Size Area: 6935

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.23
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 25391
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2024
Closed on
Feb 28, 2024
Sold by
Calypso Property Management
Bought by
Mp2 Land Llc
Seller's Agent
Grant Linscott
Keller Williams Realty Los Feliz
Buyer's Agent
Grant Linscott
Keller Williams Realty Los Feliz
List Price
$899,000
Sold Price
$865,000
Premium/Discount to List
-$34,000
-3.78%
Total Days on Market
16
Views
89
Current Estimated Value
$877,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,413
Avg. Annual Appreciation
1.17%

Purchase Details

Closed on
Oct 17, 2012
Sold by
Phillips Jovita and Chilaca Laura
Bought by
Calypso Property Mgmt Llc

Purchase Details

Closed on
Jun 29, 2010
Sold by
Ayala Inez
Bought by
Phillips Jovita

Purchase Details

Closed on
Oct 14, 2008
Sold by
Phillips Jovita
Bought by
Ayala Inez

Purchase Details

Closed on
Sep 25, 2002
Sold by
Phillips Jovita
Bought by
Plascencia Rigoberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
6.15%
Mortgage Type
Commercial

Range of Values:

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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
Mp2 Land Llc $865,000 Upward Title Company
Calypso Property Mgmt Llc $265,000 None Available
Phillips Jovita -- None Available
Ayala Inez $30,000 Nations Title Company
Plascencia Rigoberto -- Fidelity
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Plascencia Rigoberto $141,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $865,000 -3.8% $228 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
01/31/2024 01/31/24 For Sale $899,000 -- $237 / 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 $6,004 $416,504 $241,453 $175,051
2023 $5,905 $408,338 $236,719 $171,619
2022 $5,665 $400,332 $232,078 $168,254
2021 $5,583 $392,483 $227,528 $164,955
2020 $5,627 $388,459 $225,195 $163,264
2019 $5,438 $380,843 $220,780 $160,063
2018 $5,290 $373,376 $216,451 $156,925
2016 $4,995 $358,880 $208,047 $150,833
2015 $4,931 $353,490 $204,922 $148,568
2014 $4,979 $346,566 $200,908 $145,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-345668

The MLS

APN: 5107-008-012