NOT LISTED FOR SALE

Estimated Value: $819,000 - $1,026,000

4 Beds
6 Baths
2,294 Sq Ft
$400/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $860,000 $375 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,762/month

223 Days on Market

Highlights

  • Auto Driveway Gate
  • Private Yard
  • Guest Parking
  • Property is near park and public transit
  • Parking Storage or Cabinetry
  • 4 Car Garage

About This Home

As of May 2022

Wow 4 rental units in the heart of Los Angeles, a short drive to the new SoFi Stadium… Honey stop the car! The front unit features a 3 bedroom 3 bath single family house with kitchen and bathrooms both updated.
(owner has the Master bedroom including its own bath/kitchenette and separate entry, partitioned for added rental income currently making this 4 units, perfect for housing extra family members!)

There is a detached 4 car garage (+bonus room) in the rear of the property. Although no electrical or water currently this bonus room could easily convert to a 5th unit. There are 2 additional 1 bed / 1 bath units above the garage (one recently remodeled), the other is tenant occupied and will remain so at COE , both including in unit washer/dryers, Three of the current units are separately metered for gas, electrical, and water. There is huge potential to build your very own compound or collect an estimated $76,800 each year in rental income the choice is yours! The rare 7795 sq ft lot offers plenty of parking ( 15-17 cars easily) /or recreational space for RV parking, bring your magic touch and the opportunities to create and thrive are truly unlimited! Centrally located in one the most expensive cities in the world...What more can you ask for? 1 bedroom unit is currently rented and tenant occupied, all other units will be delivered vacant at closing so set your own rents!

Last Agent to Sell the Property

Amir Shain

Alexander Lux Properties Inc. License #01873224 Listed on: 08/24/2021

Last Buyer's Agent

Elmer Florian

Realty World Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,795 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Private Yard

Parking

  • 4 Car Garage
  • 15 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Driveway
  • Auto Driveway Gate
  • Guest Parking
  • RV Potential

Home Design

  • 2,294 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Location

  • Property is near park and public transit
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 30
  • Tax Tract Number 4219
  • Assessor Parcel Number 6022002008
  • $485 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $1,200
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $360
  • Operating Expense $1,600
  • Gross Income $72,960
  • Net Operating Income $65,664

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

7,795 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.12
  • Property Attached: No
  • Water Sewer Expenses: 360.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6022002008
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 374.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Built-In Storage, Driveway, Garage, Garage Faces Front, Gated, Guest, On Site, Private, RV Potential, Uncovered
  • Total Parking Spaces: 19.00
  • Uncovered Spaces: 15.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Park Nearby, Yard
  • Lot Size Sq Ft: 7795.00
  • Lot Size Acres: 0.1789

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Electric Expense: 1200.00
  • Gross Multiplier: 16.71
  • Gross Operating Income: 72960.00
  • Gross Scheduled Income: 76800.00
  • Gross Spendable Income: 3388.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7795.0000 Square Feet
  • Net Operating Income: 65664.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 4
  • Operating Expense: 7296.00
  • Operating Expense Percent: 10.00
  • Rent Control: Yes
  • Total Expenses: 1600.00
  • Vacancy Allowance Rate: 10.00

Tax Info

  • Tax Census Tract: 2396.01
  • Tax Lot: 30
  • Tax Tract Number: 4219
  • TaxOtherAnnualAssessmentAmount: 485.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Apr 14, 2022
Sold by
Martinez Guzman Jesus
Bought by
Navarro Brenda Arely
Seller's Agent
Amir Shain
Alexander Lux Properties Inc.
Buyer's Agent
Elmer Florian
Realty World Experts
List Price
$1,199,900
Sold Price
$860,000
Premium/Discount to List
-$339,900
-28.33%
Current Estimated Value
$917,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,395
Avg. Annual Appreciation
1.71%
Original Mortgage
$460,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2021
Closed on
Apr 6, 2022
Sold by
Jackson Pauline E
Bought by
Navarro Brenda Arely and Reyes Marvin Alonso
Seller's Agent
Amir Shain
Alexander Lux Properties Inc.
Buyer's Agent
Elmer Florian
Realty World Experts
List Price
$1,199,900
Sold Price
$860,000
Premium/Discount to List
-$339,900
-28.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2018
Sold by
Bryant Melvina Maria
Bought by
Burrows Willa M

Purchase Details

Closed on
Jun 11, 2018
Sold by
Jackson Pauline E
Bought by
Jackson Pauline E and Burrows Willa M

Purchase Details

Closed on
May 4, 2001
Sold by
Bryant Melvina M
Bought by
Bryant Melvina M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Navarro Brenda Arely -- Fidelity National Title
Navarro Brenda Arely $860,000 Fidelity National Title
Burrows Willa M -- None Available
Jackson Pauline E -- None Available
Bryant Melvina M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Navarro Brenda Arely $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $860,000 -7.0% $375 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
02/03/2022 02/03/22 Price Changed $925,000 -7.5% $403 / Sq Ft
11/02/2021 11/02/21 Price Changed $999,999 -16.7% $436 / Sq Ft
08/24/2021 08/24/21 For Sale $1,199,900 -- $523 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,237 $912,638 $668,561 $244,077
2024 $11,237 $894,744 $655,452 $239,292
2023 $11,024 $877,200 $642,600 $234,600
2022 $4,303 $326,566 $170,382 $156,184
2021 $4,242 $320,164 $167,042 $153,122
2020 $4,288 $316,882 $165,330 $151,552
2019 $831 $43,901 $14,920 $28,981
2018 $726 $43,041 $14,628 $28,413
2016 $672 $41,371 $14,061 $27,310
2015 $664 $40,750 $13,850 $26,900
2014 $680 $39,953 $13,579 $26,374
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21175904

California Regional Multiple Listing Service (CRMLS)

APN: 6022-002-008

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