NOT LISTED FOR SALE
21 Beds
4 Baths
7,856 Sq Ft
8,623 Sq Ft Lot

Sale Details

Date Sold: June 4, 2015

Last sale price $1,080,000 $137 Per Sq Ft

66 Days on Market

About This Home

As of June 2015

This 7 unit property consists of all 3 bedroom/1.5 bathroom units and is subject to LA City Rent Control. Currently 4 of the 7 units are rented to Section 8 and rents range from $960 to $1,585 per month. There is tremendous rental upside on this property of over 20% with the opportunity to bring the property to a 7.6% CAP at market and under 9x GRM. The current owner has recently spent over $40K improving the property including a complete remodel of Units 3 & 5.Located on the border of Gardena and City of LA. It's a Gardena Zip Code BUT Building is in the City of LA and IS SUBJECT TO RENT CONTROL. Email Seller's Agent for a complete setup including Rent Roll and Expenses.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 02/23/2015

The Agency

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Lyon Stahl Investment Real Est
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,623

Interior Spaces

  • 7,856 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport

Additional Features

  • 8,623 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 6117-027-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

8,623 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 7856
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 21
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 146.26

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 117285
  • Assessed Land Value: 185797
  • Assessor Parcel Number: 6117-027-006
  • Geocode Override: No
  • Lot Size Area: 8623

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.20
  • Number Of Units: 7
  • Rent Control: 100
  • Type Of Units: Income

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
Feb 23, 2015
Closed on
May 18, 2015
Sold by
Ssk Real Estate Investments Llc
Bought by
Seller's Agent
Jon Swire
The Agency
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,149,000
Sold Price
$1,080,000
Premium/Discount to List
-$69,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2014
Sold by
Phyffer Lawrence L
Bought by
Ssk Real Estate Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 1997
Sold by
Stedman Bryan E
Bought by
Phyffer Lawrence L

Purchase Details

Closed on
Oct 6, 1994
Sold by
Phyffer Robbie Marie
Bought by
Phyffer Lawrence L

Purchase Details

Closed on
Sep 13, 1994
Sold by
Great Western Bank Fsb
Bought by
Phyffer Lawrence L and Stedman Bryan E

Purchase Details

Closed on
Dec 28, 1993
Sold by
California Reconveyance Company
Bought by
Great Western Bank Fsb
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
$1,061,000 Commonwealth Land Title Co
Ssk Real Estate Investments Llc $950,000 Chicago Title Company
Phyffer Lawrence L -- --
Phyffer Lawrence L -- Continental Lawyers Title Co
Phyffer Lawrence L $200,000 Continental Lawyers Title Co
Great Western Bank Fsb $261,292 Chicago Title Company
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
Open $1,428,000
Closed Get Lucky Capital Llc $795,000
Previous Owner Ssk Real Estate Investments Llc $665,000
Previous Owner Phyffer Lawrence L $512,000
Previous Owner Phyffer Lawrence L $180,000
Previous Owner Phyffer Lawrence L $153,000
Previous Owner Phyffer Lawrence L $65,000
Previous Owner Phyffer Lawrence L $30,000
Previous Owner Phyffer Lawrence L $260,000
Previous Owner Phyffer Lawrence L $38,000
Previous Owner Phyffer Lawrence L $9,200
Previous Owner Phyffer Lawrence L $210,500
Previous Owner Phyffer Lawrence L $22,000
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 Prior Sale
06/04/2015 06/04/15 Sold $1,080,000 -6.0% $137 / Sq Ft
04/30/2015 04/30/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $1,149,000 +20.9% $146 / Sq Ft
04/19/2014 04/19/14 Sold $950,000 -2.6% $121 / Sq Ft View Prior Sale
01/28/2014 01/28/14 Pending -- -- --
12/05/2013 12/05/13 For Sale $975,000 -- $124 / 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
2026 $17,487 $1,300,658 $490,351 $810,307
2025 $17,487 $1,275,156 $480,737 $794,419
2024 $17,199 $1,250,154 $471,311 $778,843
2023 $16,885 $1,225,642 $462,070 $763,572
2022 $16,160 $1,201,610 $453,010 $748,600
2021 $15,923 $1,178,050 $444,128 $733,922
2019 $15,476 $1,143,110 $430,956 $712,154
2018 $15,291 $1,120,697 $422,506 $698,191
2016 $14,526 $1,077,180 $406,100 $671,080
2015 $13,217 $968,981 $509,990 $458,991
2014 -- $303,082 $185,797 $117,285
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-886617

The MLS
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