NOT LISTED FOR SALE

11631 Ayres Ave Los Angeles, CA 90064

Sawtelle Neighborhood

Estimated Value: $2,829,432 - $3,246,000

6 Beds
6 Baths
4,100 Sq Ft
$721/Sq Ft Est. Value

Last Sold December 08, 2016

Last sale price $1,860,000 $454 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $18,064/month

29 Days on Market

Highlights

  • View of Trees or Woods
  • Open Floorplan
  • Main Floor Bedroom
  • Richland Avenue Elementary Rated A-
  • Cathedral Ceiling
  • Granite Countertops

About This Home

As of December 2016

Amazing property and excellent investor opportunity offered in this beautiful 3 unit 2 story townhome style 2 bed/1.75 bath property with a den/office that can be used as and converted to a 3rd bedroom. This special property offers a rare opportunity to convert units to condos and sell each unit separately, or keep as a rental property with excellent monthly income. The condo conversion process has been initiated and approved by the city, see attached city documents for more information. All units are rented to wonderful tenants at current market value rents offering great monthly rental income for the new owner. This property was torn down to the studs and updated in 2002. Walk through a private gate into an enchanting garden that leads to each unit's front door. All homes have their own private garage, in unit washer & dryer, huge updated kitchen, French doors leading to your own private patio, high vaulted ceilings, large open floor plan and walk in closets. 2 bedrooms and baths upstairs and den/office/ 3rd bedroom downstairs. All of this is located near restaurants and shopping and less than half a mile from where the new West LA Exposition Metro stop will be and a new shopping development in the area that will be completed later this year. Please do not disturb occupants or walk the property without an appointment.

Last Agent to Sell the Property

Marie Fimbres

REO Modern Realty Corp License #01414087 Listed on: 10/03/2016

Last Buyer's Agent

Cynthia Imani

Premier Agent Network Inc. License #01366176

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,621

Year Built

  • Built in 1940

Lot Details

  • 5,621 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Front Yard

Parking

  • 4 Car Garage
  • 1 Detached Carport Space
  • Parking Available
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • Patio Home
  • Property Attached

Interior Spaces

  • 4,100 Sq Ft Home
  • Open Floorplan
  • Cathedral Ceiling
  • French Doors
  • Living Room
  • Home Office
  • Tile Flooring
  • Views of Woods

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Stacked Washer and Dryer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 236
  • Tax Tract Number 5498
  • Assessor Parcel Number 4260033027

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • Electric Expense $2,106
  • Insurance Expense $1,752
  • Maintenance Expense $1,500
  • Net Operating Income $89,328

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,621

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.78
  • Property Attached: Yes
  • View: Yes
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 4260033027
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cathedral Ceiling(s), Granite Counters, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: French Doors
  • Price Per Square Foot: 453.66
  • Room Type: All Bedrooms Up, Den, Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Office

Exterior Features

  • View: Trees/Woods
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Garage, Garage Faces Rear, Private
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside, Upper Level, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Patio Home, Paved
  • Lot Size Sq Ft: 5621.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 2106.00
  • Gross Multiplier: 15.80
  • Insurance Expense: 1752.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 89328.00
  • Number Of Units Total: 3
  • Operating Expense: 25484.00
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2712.00
  • Tax Lot: 236
  • Tax Tract Number: 5498

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2023
Sold by
Hirai Motoyuki and Hirai Chisako
Bought by
Hirai Kosen Co Ltd
Current Estimated Value
$2,957,858

Purchase Details

Closed on
Sep 11, 2017
Sold by
Adw #1 Llc
Bought by
Hirai Motoyuki and Hirai Chisako

Purchase Details

Listed on
Oct 3, 2016
Closed on
Nov 21, 2016
Sold by
Campbell Christian
Bought by
Campbell America Olivo
Seller's Agent
Marie Fimbres
REO Modern Realty Corp
Buyer's Agent
Cynthia Imani
Premier Agent Network Inc.
List Price
$1,860,000
Sold Price
$1,860,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%

Purchase Details

Listed on
Oct 3, 2016
Closed on
Nov 2, 2016
Sold by
Campbell America Olivo
Bought by
Adw #1 Llc
Seller's Agent
Marie Fimbres
REO Modern Realty Corp
Buyer's Agent
Cynthia Imani
Premier Agent Network Inc.
List Price
$1,860,000
Sold Price
$1,860,000

Purchase Details

Closed on
Aug 1, 2005
Sold by
Nicholls Naoma
Bought by
Olivo America and Beeley Ross

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 21, 2003
Sold by
Stewart Roscoe O
Bought by
Nicholls Naoma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.78%

Purchase Details

Closed on
Dec 15, 2000
Sold by
Gison Carlo
Bought by
Stewart Roscoe O and Stewart Charlotte R
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
Hirai Kosen Co Ltd -- None Listed On Document
Hirai Motoyuki $2,250,000 Fntg Builder Services
Campbell America Olivo -- Fidelity National Title Co
Adw #1 Llc $1,860,000 Fidelity National Title Co
Olivo America $1,460,000 Provident Title Company
Nicholls Naoma $850,000 Provident Title Company
Stewart Roscoe O $225,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olivo America $1,000,000
Previous Owner Nicholls Naoma $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2016 12/08/16 Sold $1,860,000 0.0% $454 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $1,860,000 -- $454 / 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 $30,621 $2,794,800 $1,122,000 $1,672,800
2024 $30,621 $2,509,913 $1,879,647 $630,266
2023 $30,027 $2,460,700 $1,842,792 $617,908
2022 $28,628 $2,412,452 $1,806,659 $605,793
2021 $28,271 $2,365,150 $1,771,235 $593,915
2019 $27,421 $2,295,000 $1,718,700 $576,300
2018 $27,324 $2,250,000 $1,685,000 $565,000
2016 $20,356 $1,685,432 $1,008,951 $676,481
2015 $20,057 $1,660,116 $993,796 $666,320
2014 $20,126 $1,627,597 $974,329 $653,268
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Marie Fimbres

    REO Modern Realty Corp

    Section Image

  • C

    Buyer's Agent in 2016

    Cynthia Imani

    Premier Agent Network Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16717976

California Regional Multiple Listing Service (CRMLS)

APN: 4260-033-027

California Los Angeles County Los Angeles 90064 Sawtelle

11631 Ayres Ave, Los Angeles, CA

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