NOT LISTED FOR SALE
5 Beds
6 Baths
4,220 Sq Ft
5,002 Sq Ft Lot

Sale Details

Date Sold: February 16, 2018

Last sale price $2,650,000 $628 Per Sq Ft

27 Days on Market

About This Home

As of February 2018

- Strong Rental Market with Significant Rental Upside -One Unit Delivered Vacant - Provides Owner/User Potential -Private Garage that can be Rented for Additional Income - 10 Total Parking Spaces -Tenants pay Gas and Electric -On-Site Laundry -Unit 3 (2+2) has Washer/Dryer in Unit -Walking Distance from the Beach -Close Proximity to LA's Most Popular Nightlife, Restaurants, and Attractions

Last Agent to Sell the Property

Thomas Jonsson

James Capital Advisors, Inc. License #01755842 Listed on: 01/19/2018

Last Buyer's Agent

Ali Bahramain

Berkshire Hathaway HomeService License #01412253

Berkshire Hathaway HomeService
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 5,002 Sq Ft Lot

Parking

  • 2 Car Garage
  • Tandem Parking

Interior Spaces

  • 4,220 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 4282-008-012

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • Vacancy Allowance $3,911

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

5,002 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 4220
  • Price Per Unit: 530000.00
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 627.96

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Tandem
  • Total Parking: 10

Utilities

  • Number Electric Meters: 5
  • Number Gas Meters: 5
  • Water Expense: 5146.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 1104.00
  • Insurance Expense: 1899.00
  • Maintenance Expense: 3000.00
  • Other Expense: 2000.00

Lot Info

  • Assessed Improvement Value: 556107
  • Assessed Land Value: 896779
  • Assessor Parcel Number: 4282-008-012
  • Geocode Override: No
  • Lot Size Area: 5002

Rental Info

  • Total Actual Rent: 130356.00
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.89
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: 2, 1 Bd, Sng
  • Vacancy Allow: 3911
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Expense: 33125.00
  • Tax Percent: 1.25
  • Tax Total: 33125.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2018
Closed on
Jan 31, 2018
Sold by
Bought by
Seller's Agent
Thomas Jonsson
James Capital Advisors, Inc.
Buyer's Agent
Ali Bahramain
Berkshire Hathaway HomeService
List Price
$2,650,000
Sold Price
$2,650,000

Purchase Details

Closed on
Oct 17, 2017
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 3, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 25, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,650,000 Ticor Title Company
-- Ticor Title Company Of Ca
$1,306,500 Fidelity National Title Co
-- Fidelity National Title Co
-- --
-- --
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $671,000
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/16/2018 02/16/18 Sold $2,650,000 0.0% $628 / Sq Ft
02/15/2018 02/15/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $2,650,000 -- $628 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $37,940 $3,015,244 $2,673,897 $341,347
2024 $35,620 $2,956,122 $2,621,468 $334,654
2023 $35,059 $2,898,160 $2,570,067 $328,093
2022 $34,637 $2,841,334 $2,519,674 $321,660
2021 $33,801 $2,785,622 $2,470,269 $315,353
2019 $33,257 $2,703,000 $2,397,000 $306,000
2018 $18,061 $1,481,943 $914,714 $567,229
2016 $17,342 $1,424,399 $879,196 $545,203
2015 $17,122 $1,403,004 $865,990 $537,014
2014 $16,910 $1,375,522 $849,027 $526,495
Source: Public Records

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Map

Source: The MLS

MLS Number: 18-305312

The MLS
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