NOT LISTED FOR SALE

Estimated Value: $1,776,000 - $2,372,000

8 Beds
4 Baths
3,488 Sq Ft
$577/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $1,680,000 $482 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,888/month

34 Days on Market

Highlights

  • No HOA
  • 4 Car Attached Garage
  • Laundry Room
  • Culver City Middle School Rated A-
  • Cooling System Powered By Gas
  • Storage

About This Home

As of December 2022

Picturesque Colonial style 4-plex is located in a prime area of Culver City. This offering presents a rare opportunity, perfect for owner-occupants or investors, to acquire a terrific located, well-maintained, and easy-to-manage apartment building. Built-in 1950, the units consist of (4) Two Beds/One bath. Each unit is spacious and bright. In addition, all four units were renovated in 2016 with new countertops, sinks, and double-paned windows. Units have a combination of hardwood floors, tile, and linoleum. Each unit has a single garage with newer roll-up doors. Laundry hookups available. The property has 4 electric meters, 4 gas meters, and 1 water meter. Minutes from the 405 and 10 freeways. Close to the beach and trendy downtown Culver City, minutes from Westwood, Downtown LA. 11516 Washington Place carries a Los Angeles zip code but is located in Culver City proper and enjoys all of the Culver City amenities, including a highly responsive Fire and Police Department and a Highly Acclaimed Culver City School District. Culver City, soaked in movie-making history, features a buzzing dining and nightlife scene, which includes globally inspired eateries, gastropubs, and cozy cocktail bars. Excellent income potential, or make the unit your own to live in. This incredible opportunity cannot be missed!

Last Agent to Sell the Property

Emoli Mendez

Century 21 Masters License #02102381 Listed on: 09/02/2022

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,160

Year Built

  • Built in 1950

Lot Details

  • 5,396 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,488 Sq Ft Home
  • Ceiling Fan
  • Storage

Bedrooms and Bathrooms

  • 8 Bedrooms | 2 Main Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window
  • Whole House Fan
  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 131
  • Tax Tract Number 7665
  • Assessor Parcel Number 4233004015
  • $3,903 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,160

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Structure Type: Quadruplex
  • Assessments: No
  • Ad Number: 818-399-1014
  • Property Attached: No
  • View: No
  • Zoning: CCR4YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Parcel Number: 4233004015
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3488.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Storage
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 8
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 481.65
  • Room Type: Kitchen

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Gas, Wall/Window Unit(s), Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Culver City Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 5396.00
  • Lot Size Acres: 0.1239

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5396.0000 Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Census Tract: 7028.02
  • Tax Lot: 131
  • Tax Tract Number: 7665
  • TaxOtherAnnualAssessmentAmount: 3903.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2022
Closed on
Nov 15, 2022
Sold by
Estrada Victor O
Bought by
Estrada Avelina L
Seller's Agent
Emoli Mendez
Century 21 Masters
List Price
$1,755,000
Sold Price
$1,680,000
Premium/Discount to List
-$75,000
-4.27%
Views
28
Current Estimated Value
$1,812,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,508
Avg. Annual Appreciation
3.49%
Original Mortgage
$1,176,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2022
Closed on
Oct 12, 2022
Sold by
Mollie Haberman Trust
Bought by
Estrada Avelina and Rillera Raquel
Seller's Agent
Emoli Mendez
Century 21 Masters
List Price
$1,755,000
Sold Price
$1,680,000
Premium/Discount to List
-$75,000
-4.27%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,176,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2016
Sold by
The Mollie Haberman Trust
Bought by
Mollie Haberman Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.64%
Mortgage Type
Commercial
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
Estrada Avelina L -- Chicago Title Company
Rillera Raquel -- Chicago Title Company
Estrada Avelina $1,680,000 Chicago Title Company
Mollie Haberman Trust -- Ortc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Estrada Avelina $1,176,000
Previous Owner Mollie Haberman Trust $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $1,680,000 -4.3% $482 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
09/02/2022 09/02/22 For Sale $1,755,000 -- $503 / 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 $24,160 $1,747,872 $1,040,400 $707,472
2024 $24,160 $1,713,600 $1,020,000 $693,600
2023 $22,597 $1,680,000 $1,000,000 $680,000
2022 $5,236 $110,829 $46,864 $63,965
2021 $5,088 $108,657 $45,946 $62,711
2019 $4,812 $105,435 $44,584 $60,851
2018 $4,472 $103,368 $43,710 $59,658
2017 $14,240 $984,848 $720,623 $264,225
2016 $3,804 $99,356 $42,013 $57,343
2015 $3,178 $97,864 $41,382 $56,482
2014 $3,802 $95,948 $40,572 $55,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22193161

California Regional Multiple Listing Service (CRMLS)

APN: 4233-004-015