1201 W 36th Place Los Angeles, CA 90007
Exposition Park Neighborhood
4
Beds
4
Baths
2,454
Sq Ft
7,482
Sq Ft Lot
About This Home
As of May 2017Attention Investors, Developers, Student Housing Owners!!! Located one block from the USC campus in Los Angeles, this 4-plex features one 3+1, one 1+1 and two studios, totaling 2,454SF and a 7,482SF lot. This property is zoned RD-1.5. Great opportunity to build multi-units, multi bedrooms student housing building where $1,250-$1,275/bedroom pro forma rents are the norm. It may be possible to build 5-6 units with multi bedrooms pre unit, but buyer to investigate. Broker and owner make no warranties of any kind. This property is sold for land value only and in as-is condition. Buyer to investigate all permits, zoning and ability to build.
Last Agent to Sell the Property
Royal Estate Properties License #01322666 Listed on: 10/16/2012
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
Home Design
- 2,454 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Parking Available
- Unassigned Parking
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 9441
- Assessor Parcel Number 5040017009
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $244,800
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
$521,333
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
Similar Home in Los Angeles, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | First American Title Company | |
| Grant Deed | $560,005 | Title 365 | |
| Grant Deed | $2,331,818 | Southland Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Civic Center Title Svcs Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $295,000 | New Conventional | |
| Open | $1,262,000 | Commercial | |
| Closed | $1,262,000 | Commercial | |
| Previous Owner | $692,053 | Stand Alone First | |
| Previous Owner | $300,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1200
93 Total Sales
-
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
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR12128888
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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