NOT LISTED FOR SALE

1221 S Fairfax Ave Unit 4 Los Angeles, CA 90019

Carthay Neighborhood
1 Bed
1 Bath
4,302 Sq Ft
5,503 Sq Ft Lot

Last Sold August 03, 2017

Last sale price $1,143,450 $266 Per Sq Ft

87 Days on Market

About This Home

As of August 2017

We are pleased to present this Six (6) Unit Apartment building located at 1221 S. Fairfax Ave. Built in 1950, all units are One (1) Bedroom & One (1) Bathroom units. Individually metered for Gas and Electric, this secure building provides Garage, On-Site Parking and an excellent rental location.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 03/17/2017

Keller Williams Realty-Studio City

Last Buyer's Agent

John Mullen

Greysteel California, Inc. License #02008656

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,503 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,302 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6869
  • Tax Tract Number 7603
  • Assessor Parcel Number 5086003004

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,640
  • Insurance Expense $2,366
  • Maintenance Expense $2,060
  • Professional Management Expense $2,000
  • Trash Expense $720
  • Water Sewer Expense $2,280
  • New Taxes Expense $15,938
  • Operating Expense $29,095
  • Gross Income $70,788
  • Net Operating Income $39,570

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

5

Listing Details

  • Other Phone Description: 213-820-1335
  • Price Per Unit: 212500
  • Professional Management Expense: 2000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2280.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5086003004
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 265.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5503.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 3640.00
  • Gross Income: 70788.00
  • Gross Operating Income: 68664.00
  • Gross Scheduled Income: 70788.00
  • Insurance Expense: 2366.00
  • Maintenance Expense: 2060.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 39570.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 29095.00
  • Operating Expense Percent: 41.10
  • Rent Control: Yes
  • Total Expenses: 29095.00
  • Vacancy Allowance: 2124
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15938.00
  • Tax Census Tract: 2168.00
  • Tax Lot: 6869
  • Tax Tract Number: 7603

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2017 08/03/17 Sold $1,143,450 -10.3% $266 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $1,275,000 -- $296 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Antonucci

    Seller's Agent in 2017

    James Antonucci

    Keller Williams Realty-Studio City

    (818) 432-1647

    72 Total Sales

    James Antonucci
    Section Image

  • J

    Buyer's Agent in 2017

    John Mullen

    Greysteel California, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17054110

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90019 Carthay

1221 S Fairfax Ave Unit 4, Los Angeles, CA

This home is located at 1221 S Fairfax Ave Unit 4, Los Angeles, CA 90019 since 17 March 2017. This property was built in 1950. 1221 S Fairfax Ave Unit 4 is a home located in Los Angeles County with nearby schools including Carthay Center Elementary School, Fairfax High School, and Tashbar Sephardic Yeshiva Ketana.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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