S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
90 Total Sales
1201 W 36th Place Los Angeles, CA 90007
Exposition Park NeighborhoodEstimated Value: $1,996,000 - $3,007,000
9
Beds
9
Baths
5,703
Sq Ft
$443/Sq Ft
Est. Value
About This Home
As of May 2017The offering is a just-completed development by one of the premier student housing developers and operators of USC student housing. It offers four units: two new constructions that each offer three bedrooms and three baths, and two renovated units, which include a four-bedroom/four-bath and a two-bedroom/two-bath unit. The renovated units feature top-of-the line amenities for tenants. All bedrooms have attached bathrooms, which is an especially attractive feature to student tenants. All units have a common area, a shared kitchen and in-unit laundry. The units are separately metered and tenants are responsible for paying for all utility expenses. Additionally, each unit has its own HVAC and there are seven total parking spaces on the property.
The property is professionally managed and fully leased for the 2016-2017 academic year on 12-month leases. With these leases in place and its excellent condition, 1201 West 36th Place is an oustanding turnkey investment opportunity. Additionally, the Seller is willing to continue managing the property, which could make this a franchise-like acquisition.
The property is less than a quarter-mile from USC within the CSC and DPS patrol areas. It is also less than a half-mile from the brand new $700MM mixed-use University Village Project due to be completed in Fall 2017.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 10/03/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,592
Year Built
- Built in 1907
Lot Details
- 7,482 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 5,703 Sq Ft Home
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
Location
- Urban Location
Listing and Financial Details
- Tax Lot 009
- Tax Tract Number 17
- Assessor Parcel Number 5040017009
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Other Expense $15,570
- Professional Management Expense $7,785
- New Taxes Expense $25,973
- Operating Expense $49,328
- Net Operating Income $106,410
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 3, 2016
Closed on
Apr 14, 2017
Sold by
1201 Housing Rehab Lp
Bought by
1201 West 36Th Place Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Dan Lewin
Younglewin Advisors, Inc.
List Price
$2,150,000
Sold Price
$2,050,000
Premium/Discount to List
-$100,000
-4.65%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,333
Avg. Annual Appreciation
2.76%
Original Mortgage
$1,262,000
Outstanding Balance
$1,053,152
Interest Rate
4.14%
Mortgage Type
Commercial
Estimated Equity
$1,518,181
Purchase Details
Closed on
Jan 5, 2013
Sold by
Binyanim Llc
Bought by
1201 Housing Rehab Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,053
Interest Rate
3.49%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Aug 2, 2008
Sold by
Mcmahan Mary J and Mcmahan Michael
Bought by
Binyanim Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.04%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 24, 2007
Sold by
Mcmahan Mary J
Bought by
Mcmahan Mary J and Mary J Mcmahan Family Trust
Purchase Details
Closed on
Aug 16, 2007
Sold by
Mcmahan Mary J
Bought by
Mcmahan Mary J and Mcmahan Marc L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1201 West 36Th Place Llc | -- | First American Title Company | |
| 1201 Housing Rehab Lp | $560,005 | Title 365 | |
| Binyanim Llc | $2,331,818 | Southland Title | |
| Mcmahan Mary J | -- | None Available | |
| Mcmahan Mary J | -- | Civic Center Title Svcs Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1201 West 36Th Place Llc | $1,262,000 | |
| Previous Owner | 1201 Housing Rehab Lp | $692,053 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2017 05/08/17 | Sold | $2,050,000 | -2.3% | $359 / Sq Ft | |
| 02/03/2017 02/03/17 | Pending | -- | -- | -- | |
| 10/04/2016 10/04/16 | Price Changed | $2,099,000 | -2.4% | $368 / Sq Ft | |
| 10/03/2016 10/03/16 | For Sale | $2,150,000 | +283.9% | $377 / Sq Ft | |
| 04/01/2013 04/01/13 | Sold | $560,000 | -5.9% | $228 / Sq Ft | View Prior Sale |
| 12/21/2012 12/21/12 | Pending | -- | -- | -- | |
| 10/16/2012 10/16/12 | For Sale | $595,000 | -- | $242 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $28,592 | $2,367,588 | $1,415,910 | $951,678 |
| 2024 | $28,592 | $2,321,166 | $1,388,148 | $933,018 |
| 2023 | $28,043 | $2,275,654 | $1,360,930 | $914,724 |
| 2022 | $26,747 | $2,231,035 | $1,334,246 | $896,789 |
| 2021 | $26,403 | $2,187,290 | $1,308,085 | $879,205 |
| 2020 | $26,673 | $2,164,863 | $1,294,673 | $870,190 |
| 2019 | $25,616 | $2,122,416 | $1,269,288 | $853,128 |
| 2018 | $25,426 | $2,080,800 | $1,244,400 | $836,400 |
| 2016 | $10,276 | $819,474 | $416,094 | $403,380 |
| 2015 | $9,017 | $573,781 | $409,844 | $163,937 |
| 2014 | $7,234 | $562,542 | $401,816 | $160,726 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
Dan Lewin
Seller Co-Listing Agent in 2017
Dan Lewin
Younglewin Advisors, Inc.
(310) 720-7939
2 in this area
22 Total Sales
-
Aristide Buhoiu
Seller's Agent in 2013
Aristide Buhoiu
Royal Estate Properties
(818) 445-4663
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16716333
APN: 5040-017-031
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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