NOT LISTED FOR SALE

Estimated Value: $944,000 - $2,385,000

12 Beds
8 Baths
4,669 Sq Ft
$348/Sq Ft Est. Value

Last Sold September 26, 2018

Last sale price $1,475,000 $316 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,444/month

68 Days on Market

Highlights

  • Gated Parking
  • Contemporary Architecture
  • Main Floor Bedroom
  • 12,569 Sq Ft lot
  • Property is near public transit
  • Corner Lot

About This Home

As of September 2018

GREAT APARTMENT BUILDING IN A LARGE CORNER LOT. ALL UNITS ARE 3 BEDROOMS AND 2 BATHS IN A VERY GOOD CONDITION. PLENTY OF PARKING AREA. THREE OF THE UNITS ARE 2 STORY WITH A BEDROOM DOWNSTAIRS ( per seller) THERE IS PLENTY OF ROOM FOR ADDITIONAL UNITS (buyer(s) to verify with City Planning Division) THIS PROPERTY IS GATED ALL ARROUND. EASY ACCES TO 105 AND 110 FREEWAYS. SHORT DISTANCE TO DOWNTOWN LA.

Last Agent to Sell the Property

Luis Flores

The Real Estate Solution License #01379309 Listed on: 03/07/2018

Last Buyer's Agent

Luis Flores

The Real Estate Solution License #01379309 Listed on: 03/07/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,347

Year Built

  • Built in 1942

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • No Landscaping
  • Corner Lot
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction

Interior Spaces

  • 4,669 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Main Floor Bedroom
  • 8 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Gated Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 166
  • Tax Tract Number 14076
  • Assessor Parcel Number 6132026030

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $150
  • Water Sewer Expense $300
  • New Taxes Expense $12,312
  • Operating Expense $17,712
  • Gross Income $94,500
  • Net Operating Income $77,688

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,347

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 299950
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 300.00
  • Zoning: LAC2
  • Architectural Style: Contemporary
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6132026030
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1st floor
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 315.91
  • Room Type: Kitchen, Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Construction Materials: Drywall Walls, Frame

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Gated
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, No Landscaping, Paved
  • Lot Size Sq Ft: 12569.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 94500.00
  • Gross Scheduled Income: 94500.00
  • Net Operating Income: 77688.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17712.00
  • Rent Control: Yes
  • Total Expenses: 17712.00

Tax Info

  • New Taxes Expense: 12312.00
  • Tax Census Tract: 2414.00
  • Tax Lot: 166
  • Tax Tract Number: 14076

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2018
Closed on
Sep 19, 2018
Sold by
Flores Real Estate Investments Llc
Bought by
S Main Psh L P
Seller's Agent
Luis Flores
The Real Estate Solution
Buyer's Agent
Luis Flores
The Real Estate Solution
List Price
$1,199,800
Sold Price
$1,475,000
Premium/Discount to List
$275,200
22.94%
Current Estimated Value
$1,624,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,099
Avg. Annual Appreciation
2.25%
Original Mortgage
$1,401,250
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 7, 2018
Closed on
Sep 17, 2018
Sold by
Flores Francisco
Bought by
Flores Real Estate Investments Llc
Seller's Agent
Luis Flores
The Real Estate Solution
Buyer's Agent
Luis Flores
The Real Estate Solution
List Price
$1,199,800
Sold Price
$1,475,000
Premium/Discount to List
$275,200
22.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,401,250
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 28, 2017
Closed on
Jan 11, 2018
Sold by
Rodriguez Javier and Rodriguez Hilda
Bought by
Flores Francisco
Seller's Agent
MANUEL REYES
First Family Homes
Buyer's Agent
MANUEL REYES
First Family Homes
List Price
$969,000
Sold Price
$985,000
Premium/Discount to List
$16,000
1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.25%
Original Mortgage
$738,750
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2016
Sold by
Diaz Investments Llc
Bought by
Rodriguez Javier and Rodriguez Hilda

Purchase Details

Closed on
Apr 14, 2016
Sold by
Rodriguez Maria Luisa
Bought by
Diaz Investments Llc

Purchase Details

Closed on
Jan 27, 2016
Sold by
Diaz Investments Llc
Bought by
Rodriguez Maria Luisa

Purchase Details

Closed on
Nov 11, 2011
Sold by
Jackson John H and Jackson John Henry
Bought by
Diaz Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,800
Interest Rate
3.94%
Mortgage Type
Unknown
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
S Main Psh L P $1,475,000 Chicago Title Company
Flores Real Estate Investments Llc -- Chicago Title Company
Flores Francisco $985,000 Stewart Title
Rodriguez Javier -- None Available
Diaz Investments Llc -- None Available
Rodriguez Maria Luisa -- None Available
Diaz Investments Llc $250,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S Main Psh Lp $12,000,000
Closed S Main Psh Lp $14,750,395
Closed S Main Psh Lp $5,944,538
Closed S Main Psh Lp $550,000
Closed S Main Psh L P $1,401,250
Previous Owner Flores Francisco $738,750
Previous Owner Diaz Investments Llc $40,000
Previous Owner Diaz Investments Llc $360,000
Previous Owner Diaz Investments Llc $232,000
Previous Owner Diaz Investments Llc $272,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2018 09/26/18 Sold $1,475,000 +22.9% $316 / Sq Ft
05/14/2018 05/14/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $1,199,800 +21.8% $257 / Sq Ft
02/22/2018 02/22/18 Sold $985,000 +1.7% $211 / Sq Ft
12/30/2017 12/30/17 Pending -- -- --
12/28/2017 12/28/17 For Sale $969,000 -- $208 / 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 $7,347 $1,645,387 $1,645,387 --
2024 $7,347 $1,613,125 $1,613,125 --
2023 $26,505 $1,581,496 $1,581,496 $0
2022 $25,503 $1,550,487 $1,550,487 $0
2021 $25,512 $1,520,086 $1,030,567 $489,519
2019 $18,929 $1,475,000 $1,000,000 $475,000
2018 $9,615 $693,600 $554,880 $138,720
2017 $6,713 $455,923 $243,506 $212,417
2016 $6,519 $446,984 $238,732 $208,252
2015 $6,428 $440,271 $235,147 $205,124
2014 $5,543 $358,117 $230,541 $127,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18053174

California Regional Multiple Listing Service (CRMLS)

APN: 6132-026-030