$1,700,000
SOLD SEP 21, 2021
6 Beds
6 Baths
3,150 Sq Ft
7,800 Sq Ft Lot

Recently Sold

$540 Per Sq Ft

4% Below List Price

Highlights

  • Newly Remodeled
  • City View
  • Bamboo Flooring
  • Gourmet Kitchen
  • Open Floorplan
  • Main Floor Bedroom

About This Home

As of September 2021

LOOKING FOR BACK UP OFFERS! CASH/1031 Buyers Preferred. Don't Miss this Stripped to the Studs UNIQUE Re-Purposed 4 Flex. There is no Compound like this in the Area. The Rehab and Renovations were done with LOVE and this is not an inexpensive cookie cutter property. Composed of 2 Separate Buildings, each Unit feels like a little house/condo with Private Enclosed Landscaped Front & Back Yards with Decks & Patios. 1 Enclosed and Secure Garage/Flex Unit per Unit. ALL UNITS DELIVERED VACANT, so obtain market rents ASAP! USC is back in Session and rentals in the area are full with market rents. The Front 2+2 Units are SMART HOMES with Central A/C & Heat with NEST, Bamboo Floors, Skylights, Double Paned Windows & Sliding Glass Doors. Every Appliance, Fixture & Hard Surface is BRAND NEW! The Upper Rear Units have Polished Concrete Floors and 2 Mini Splits/Unit. New Construction of a 2nd Metro Line and NEW George Lucas Museum are 3 blocks away. The City is anticipating the expansion and growth of this Area and you should too!

Last Agent to Sell the Property

Leena Deneroff

Keller Williams Larchmont License #02044739 Listed on: 07/06/2021

Keller Williams Larchmont

Last Buyer's Agent

Dana Coronado

Compass License #01746702

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,777

Year Built

  • Built in 1921 | Newly Remodeled

Lot Details

  • 7,800 Sq Ft Lot
  • North Facing Home
  • Gated Home
  • Landscaped
  • Lawn
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Shared Driveway
  • Assigned Parking

Home Design

  • Copper Plumbing

Interior Spaces

  • 3,150 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Built-In Features
  • Skylights
  • Recessed Lighting
  • Double Pane Windows
  • Sliding Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room with Fireplace
  • Bonus Room
  • City Views
  • Stacked Washer and Dryer Hookup

Kitchen

  • Gourmet Kitchen
  • Gas Oven
  • Range Hood
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Stone
  • Concrete

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Remodeled Bathroom
  • 6 Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Front Porch

Location

  • City Lot

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Property is located within a water district
  • Tankless Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, trash collection
  • The owner pays for gardener, water
  • Assessor Parcel Number 5037-001-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,777

Year Built

Built in 1921 | Newly Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: LOOKING FOR BACK UP OFFERS! CASH/1031 Buyers Preferred. Don't Miss this Stripped to the Studs UNIQUE Re-Purposed 4 Flex. There is no Compound like this in the Area. The Rehab and Renovations were done with LOVE and this is not an inexpensive cookie cutter property. Composed of 2 Separate Buildings, each Unit feels like a little house/condo with Private Enclosed Landscaped Front & Back Yards with Decks & Patios. 1 Enclosed and Secure Garage/Flex Unit per Unit. ALL UNITS DELIVERED VACANT, so obtain market rents ASAP! USC is back in Session and rentals in the area are full with market rents. The Front 2+2 Units are SMART HOMES with Central A/C & Heat with NEST, Bamboo Floors, Skylights, Double Paned Windows & Sliding Glass Doors. Every Appliance, Fixture & Hard Surface is BRAND NEW! The Upper Rear Units have Polished Concrete Floors and 2 Mini Splits/Unit.
  • Alley: Yes
  • Building Permit: Yes
  • Entry Location: Main Level
  • Living Area: 3150
  • Lot Acreage: 0.1791
  • Probate: No
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 1921
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls, Detached/No Common Walls, Drywall Walls, Living Room Deck Attached, Open Floor Plan, Pre-wired for high speed Data, Recessed Lighting
  • Number Carpet: 0
  • Number Dishwasher: 4
  • Number Disposal: 4
  • Number Drapes: 0
  • Number Range: 4
  • Number Refrigerator: 4
  • Fireplace Rooms: Living Room, Dining
  • Flooring: Stone Tile, Bamboo, Stained Concrete
  • Appliances: Free Standing Gas, Oven-Gas, Range Hood
  • Bedrooms: 6
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Attached
  • Bathroom Features: Remodeled, Low Flow Toilet(s), Tile, Shower and Tub, Shower Stall
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Gourmet Kitchen
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Dishwasher, Freezer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan
  • Price Per S Q F T: 563.49
  • Windows: Skylights, Double Pane Windows

Exterior Features

  • Direction Faces: North
  • Other Features: Balcony, Full Copper Plumbing, Custom Built, Sliding Glass Doors, Two On A Lot
  • Other Structures: None
  • Tennis Court Y/N: No
  • Number Patio: 4
  • Patio: Living Room Deck Attached, Porch - Front
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Garage Structures: 2
  • Number Rented Garages: 4
  • Parking Garage: Assigned, Covered Parking, Driveway, Garage - 1 Car, Private Garage, Shared Driveway
  • Total Parking: 4

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Tankless
  • Cooling: Central, Air Conditioning, Dual
  • Heating: Central, Fireplace, Combination
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Security: Carbon Monoxide Detector(s), Smoke Detector, Gated
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 255000
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 510000
  • Total Assessed Value: 765000
  • Assessor Parcel Number: 5037-001-001
  • Lot Description: Landscaped, Lawn, Back Yard, Front Yard
  • Lot Location: City, Flats, Patio Home
  • Lot Size Area: 7800

Rental Info

  • Number Leased: 0
  • Owner Pays: Gardener, Water
  • Rent Control: No
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.70
  • Number Of Units: 4
  • Number Wall A C: 2
  • Total Annual Expense: 71853
  • Type Of Units: 4
  • Vacancy Rate: 100 %

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Nov 3, 2021
Sold by
Bowe James Francis and Bowe Priya Kim
Bought by
Arasan Properties Llc
Seller's Agent
Leena Deneroff
Keller Williams Larchmont
Buyer's Agent
Dana Coronado
Compass
List Price
$1,775,000
Sold Price
$1,700,000
Premium/Discount to List
-$75,000
-4.23%
Current Estimated Value
$1,513,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$186,174
Avg. Annual Appreciation
-3.29%

Purchase Details

Closed on
Jul 8, 2021
Sold by
1226 Browning Llc
Bought by
Bowe James Francis and Bowe Priya Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,237,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2019
Sold by
Contemporary Habitats Inc
Bought by
1226 Browning Llc

Purchase Details

Listed on
Dec 12, 2018
Closed on
Apr 24, 2019
Sold by
Johnny Chris Williams Family Trust
Bought by
Contemporary Habitats Inc
Seller's Agent
Bethany Londyn
Beverly and Company, Inc.
Buyer's Agent
John Williams
Rodeo Realty
List Price
$747,000
Sold Price
$750,000
Premium/Discount to List
$3,000
0.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.71%

Purchase Details

Closed on
Dec 5, 2018
Sold by
Williams Johnny Chris
Bought by
Stoute Mary Frances

Purchase Details

Closed on
Nov 14, 2018
Sold by
Williams Johnny Chris
Bought by
Curtis Robert and Williams Family Trust

Purchase Details

Closed on
Aug 9, 2016
Sold by
Williams Johnny Chris and The Williams Family Trust
Bought by
Williams Johnny Chris and Johnny Chris Williams Family T

Purchase Details

Closed on
Jan 28, 2016
Sold by
Williams Family Trust
Bought by
Williams Johnny Chris

Purchase Details

Closed on
Dec 28, 1999
Sold by
Williams Johnny C and Williams Henrietta H
Bought by
Horn Williams Johnny Chris and Horn Williams Henrietta

Purchase Details

Closed on
Jan 21, 1998
Sold by
Hughes Callie Louise and Sumlin Callie L
Bought by
Horn Williams Johnny Chris and Horn Williams Henrietta
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Av Land Title Consulting
Grant Deed $1,700,000 Fidelity National Title Co
Grant Deed -- None Available
Grant Deed $750,000 First American Title Company
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,237,500 New Conventional
Previous Owner $200,000 Commercial
Previous Owner $60,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2021 09/21/21 Sold $1,700,000 -4.2% $540 / Sq Ft
07/06/2021 07/06/21 For Sale $1,775,000 +136.7% $563 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
05/15/2019 05/15/19 Sold $750,000 -1.3% $647 / Sq Ft
02/27/2019 02/27/19 Price Changed $760,000 +1.7% $655 / Sq Ft
12/12/2018 12/12/18 For Sale $747,000 -- $644 / Sq Ft
Source: The MLS

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 $21,777 $1,804,053 $1,220,389 $583,664
2024 $21,777 $1,768,680 $1,196,460 $572,220
2023 $21,360 $1,734,000 $1,173,000 $561,000
2022 $20,374 $1,700,000 $1,150,000 $550,000
2021 $9,618 $772,924 $515,283 $257,641
2020 $9,712 $765,200 $510,000 $255,200
2019 $11,276 $915,200 $700,000 $215,200
2018 $2,697 $190,591 $114,357 $76,234
2016 $2,556 $183,000 $109,917 $73,083
2015 $2,524 $180,252 $108,266 $71,986
2014 $2,562 $176,722 $106,146 $70,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-746624

The MLS

APN: 5037-001-001