NOT LISTED FOR SALE

Estimated Value: $899,000 - $3,227,000

12 Beds
14 Baths
5,242 Sq Ft
$434/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $2,250,000 $429 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $14,499/month

35 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Granite Countertops
  • Primary Bedroom Suite
  • Contemporary Architecture
  • Balcony

About This Home

As of September 2020

Ultra modern contemporary 3 story townhouse style 4 units just completed construction May 2020. The seller has paid careful attention to all the details of the building to stand out from other new buildings. The subject property is located near USC and a great option for offsite student housing. The building is NON rent control. All units are 3 story townhouse style with plenty of on site parking that would provide 3 parking spaces per unit. All units have stainless steel refrigerator, stove, dish washer and microwave hood. All bathrooms have tile enclosures and tile floors. Modern rectangular stainless steel under mount kitchen sinks. Central air condition and heat. All units are separately metered for water, gas and electricity. All water heaters are tank less. Back units will enjoy a private grassy back yard. The laundry is inside the unit. All rooms are en suite. At a cap rate of 5.72 this is a property not to be missed. The property located with in close proximity to metro rail.

Last Agent to Sell the Property

Suminda Sellahewa

Avarnka Real Estate, Inc. License #01155576 Listed on: 06/01/2020

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,261

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50x130
  • South Facing Home
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

Home Design

  • Contemporary Architecture
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 5,242 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens

Kitchen

  • Gas Oven
  • Range Hood
  • Microwave
  • Freezer
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Primary Bedroom Suite
  • 14 Bathrooms
  • Low Flow Toliet
  • Bathtub

Laundry

  • Laundry Room
  • Stacked Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 11 Car Garage
  • 7 Open Parking Spaces
  • Garage Door Opener
  • Driveway
  • Automatic Gate

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, electricity, water, trash collection
  • The owner pays for gardener
  • Assessor Parcel Number 5037-007-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,261

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: Yes
  • Living Area: 5242
  • Lot Acreage: 0.1492
  • Lot Dimensions: 50x130
  • Probate: No
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2020
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Recessed Lighting, Turnkey, Open Floor Plan, Drywall Walls
  • Number Dishwasher: 4
  • Number Disposal: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Flooring: Ceramic Tile, Laminate
  • Appliances: Free Standing Gas, Oven-Gas, Microwave, Range Hood
  • Bedrooms: 12
  • Bedroom Features: Master Bedroom, Master Suite
  • Common Walls: Attached
  • Bathroom Features: Low Flow Toilet(s), Tile, Tub Only
  • Kitchen Features: Granite Counters
  • Laundry: In Unit, Inside
  • Total Bathrooms: 14.00
  • Equipment: Built-Ins, Dishwasher, Freezer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Water Line to Refrigerator
  • Price Per S Q F T: 448.30
  • Windows: Double Pane Windows, Screens

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Features: Balcony, Custom Built
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 7
  • Covered Parking: 4
  • Parking Garage: Covered Parking, Driveway - Combination, Door Opener
  • Total Parking: 11

Utilities

  • Water Heater: Tankless, Gas
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 4
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire Sprinklers, Smoke Detector
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Rear, Front, Sprinkler Timer
  • Additions Alterations: Yes
  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 66753
  • Assessed Land Percent: 80
  • Assessed Land Value: 267017
  • Total Assessed Value: 333770
  • Assessor Parcel Number: 5037-007-025
  • Geocode Override: No
  • Lot Size Area: 6500

Rental Info

  • Garage Rental Rate: 0
  • Land Lease Type: Fee
  • Owner Pays: Gardener
  • Rent Control: No
  • Tenant Pays: Gas, Electricity, Water, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.99
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Town house
  • Vacancy Rate: 1

Tax Info

  • Private Transfer Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2022
Sold by
Tae Chang Sung
Bought by
Sgs 1003 Llc
Current Estimated Value
$2,274,909

Purchase Details

Closed on
Sep 29, 2021
Sold by
Sgs 1003 Llc
Bought by
Chang Sung Tae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,261,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2020
Closed on
Sep 24, 2020
Sold by
Chang Sung Tae
Bought by
Sgs 1003 Llc
Seller's Agent
Suminda Sellahewa
Avarnka Real Estate, Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,350,000
Sold Price
$2,250,000
Premium/Discount to List
-$100,000
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.22%

Purchase Details

Closed on
Jul 8, 2020
Sold by
39Th 100 Llc
Bought by
Chang Sung Tae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2018
Sold by
Gunawardena Chiraj Nadeera and Jayawardene Manjari
Bought by
39Th 100 Llc

Purchase Details

Closed on
Jun 8, 2018
Sold by
Sanchez Avi Morales
Bought by
Gunawardena Chiraj Nadeera and Jayawardene Manjari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2014
Sold by
Apg Fund 1 Llc
Bought by
Sanchez Avi Morales and Deborba Patricia Ausendia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,400
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2014
Sold by
California Foreclosure Prevention Inc
Bought by
Apg Fund I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,400
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2014
Sold by
Mcdade Karen Arenita
Bought by
Ca Foreclosure Prevention Inc

Purchase Details

Closed on
Nov 10, 2012
Sold by
Smith Dianne
Bought by
Mcdade Karen Arenita
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
Sgs 1003 Llc -- None Listed On Document
Chang Sung Tae -- North American Title
Sgs 1003 Llc -- Accommodation
Chang Sung Tae $2,250,000 Stewart Title
39Th 100 Llc -- None Available
Gunawardena Chiraj Nadeera $705,000 Lawyers Title
Sanchez Avi Morales $316,000 First American Title Company
Apg Fund I Llc $1,000 Accommodation
Ca Foreclosure Prevention Inc $208,500 Orange Coast Title Company O
Mcdade Karen Arenita -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chang Sung Tae $1,261,000
Previous Owner Chang Sung Tae $1,250,000
Previous Owner Gunawardena Chiraj Nadeera $634,500
Previous Owner Sanchez Avi Morales $284,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2020 09/17/20 Sold $2,250,000 -4.3% $429 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $2,350,000 -- $448 / 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 $29,261 $2,435,472 $1,353,040 $1,082,432
2024 $29,261 $2,387,718 $1,326,510 $1,061,208
2023 $28,696 $2,340,900 $1,300,500 $1,040,400
2022 $27,363 $2,295,000 $1,275,000 $1,020,000
2021 $26,882 $2,250,000 $900,000 $1,350,000
2020 $16,861 $1,391,500 $719,100 $672,400
2019 $8,699 $719,100 $575,280 $143,820
2018 $4,290 $340,445 $272,357 $68,088
2016 $4,098 $327,227 $261,782 $65,445
2015 $4,355 $322,312 $257,850 $64,462
2014 $579 $30,153 $22,380 $7,773
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-585034

The MLS

APN: 5037-007-025