NOT LISTED FOR SALE

Estimated Value: $1,306,000 - $1,370,000

3 Beds
3 Baths
1,298 Sq Ft
$1,033/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $1,280,000 $986 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,784/month

37 Days on Market

Highlights

  • No HOA
  • Venice High School Rated A
  • Laundry Room

About This Home

As of June 2022

Perfect starter duplex ideally located in Mar Vista, only blocks from Venice Beach, Abbot Kinney, and Marina Del Rey. One of the lowest priced residential income properties in the entire Westside. Both units have private outdoor spaces, feeling like bungalows. Original hardwood floors and some interior updates in both units. 2-bedroom unit has 2 bathrooms including one en-suite, large kitchen, and faces quiet residential street of Maplewood. One car garage with laundry.

Last Agent to Sell the Property

Anthony Walker

Buckingham Investments, Inc License #01908153 Listed on: 04/04/2022

Last Buyer's Agent

Lulu Knowlton

eXp Realty of California Inc License #01950225

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,258

Year Built

  • Built in 1954

Lot Details

  • 3,502 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,298 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 6636
  • Assessor Parcel Number 4245021007
  • $272 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $120
  • Fuel Expense $120
  • Insurance Expense $800
  • Maintenance Expense $2,678
  • Pest Control $800
  • Professional Management Expense $3,214
  • Trash Expense $120
  • Water Sewer Expense $120
  • New Taxes Expense $15,000
  • Operating Expense $23,473
  • Gross Income $53,569
  • Net Operating Income $30,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,258

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • CapRate: 2.50
  • Price Per Unit: 650000
  • Professional Management Expense: 3214.00
  • Property Attached: Yes
  • Water Sewer Expenses: 120.00
  • Property Type: Residential Income
  • Parcel Number: 4245021007
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 986.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Pest Control Expense: 800.00
  • Sewer: Public Sewer
  • Trash Expense: 120.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3502.00
  • Lot Size Acres: 0.0804

Multi Family

  • Electric Expense: 120.00
  • Fuel Expense: 120.00
  • Gross Multiplier: 21.28
  • Gross Operating Income: 53569.00
  • Gross Scheduled Income: 56388.00
  • Insurance Expense: 800.00
  • Lot Size Area: 3502.0000 Square Feet
  • Maintenance Expense: 2678.00
  • Net Operating Income: 30096.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 23473.00
  • Rent Control: Yes
  • Total Expenses: 23473.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 21
  • Tax Tract Number: 6636
  • TaxOtherAnnualAssessmentAmount: 271.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2022
Sold by
Gary Lamperillo
Bought by
Katherine Lin Family Trust
Current Estimated Value
$1,341,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2008
Sold by
Gutierrez Ernesto
Bought by
Lamperillo Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2005
Sold by
Gurrola Stephen and Gurrola Epifania
Bought by
Gutierrez Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
7.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 1, 2005
Sold by
Gutierrez Graciela
Bought by
Gutierrez Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
7.99%
Mortgage Type
Balloon

Purchase Details

Closed on
May 14, 1996
Sold by
Federal National Mortgage Association
Bought by
Gurrola Stephen and Gurrola Epifania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 1996
Sold by
Semnani Mansour and Federal National Mortgage Asso
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 21, 1995
Sold by
Semnani Mansour
Bought by
Whitaker Thomas
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
Katherine Lin Family Trust $1,280,000 Ticor Title
Lamperillo Gary $480,000 First American Title
Gutierrez Ernesto $655,000 United Title Company Westlak
Gutierrez Ernesto -- United Title Company Westlak
Gurrola Stephen $129,000 Southland Title Corporation
Federal National Mortgage Association $140,000 First Southwestern Title
Whitaker Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Katherine Lin Family Trust $700,000
Previous Owner Lamperillo Gary R $333,200
Previous Owner Lamperillo Gary $378,750
Previous Owner Lamperillo Gary $384,000
Previous Owner Gutierrez Ernesto $5,000
Previous Owner Gutierrez Ernesto $524,000
Previous Owner Gutierrez Ernesto $98,250
Previous Owner Gurrola Stephen $145,000
Previous Owner Gurrola Stephen $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2022 06/28/22 Sold $1,280,000 -1.5% $986 / Sq Ft
05/06/2022 05/06/22 Price Changed $1,300,000 +8.3% $1,002 / Sq Ft
04/04/2022 04/04/22 For Sale $1,200,000 0.0% $924 / Sq Ft
06/05/2014 06/05/14 Rented $2,800 0.0% --
06/05/2014 06/05/14 Under Contract -- -- --
05/14/2014 05/14/14 For Rent $2,800 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $16,258 $1,331,712 $936,360 $395,352
2023 $15,944 $1,305,600 $918,000 $387,600
2022 $7,073 $582,462 $461,120 $121,342
2021 $6,983 $571,042 $452,079 $118,963
2019 $6,777 $554,107 $438,671 $115,436
2018 $6,727 $543,243 $430,070 $113,173
2017 $6,583 $532,592 $421,638 $110,954
2016 $6,433 $522,150 $413,371 $108,779
2015 $6,341 $514,308 $407,162 $107,146
2014 $6,372 $504,235 $399,187 $105,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22067335

California Regional Multiple Listing Service (CRMLS)

APN: 4245-021-007