NOT LISTED FOR SALE

Estimated Value: $836,054

6 Beds
5 Baths
2,900 Sq Ft
$288/Sq Ft Est. Value

Last Sold May 13, 2020

Last sale price $670,000 $231 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,197/month

44 Days on Market

About This Home

As of May 2020

4 unit apartment building centrally located real estate investment opportunity located near the Staples Center and the new LA Rams stadium. This property offers a unique mix of (1) 3bd/2ba & (3) 1bd/1ba units that are 100% occupied with month to month tenants. The property is zoned for LAC2 and sits on 4,795 sqft lot. The owner is currently operating the property as a 4 unit but assessors shows 6 units. The new owner will have the opportunity to take advantage of the true upside potential through rental increases and capital improvements.

Last Agent to Sell the Property

Juan Michael

Forward Real Estate License #01830409 Listed on: 01/08/2020

Last Buyer's Agent

Hofit Kahn

Compass License #01983538

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,114

Year Built

  • Built in 1919

Lot Details

  • 4,796

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Covered Parking

Additional Features

  • 4,796 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6019-001-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,114

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2900
  • Probate: No
  • Stories: 2
  • Year Built: 1919
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 231.03

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 249581
  • Assessed Land Value: 106066
  • Assessor Parcel Number: 6019-001-004
  • Geocode Override: No
  • Lot Size Area: 4796

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.57
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 15682
  • Type Of Units: Standard
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2021
Sold by
Montoya Maia Mercerdes
Bought by
Florence Ave Property Llc
Total Days on Market
44
Current Estimated Value
$836,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$426,277
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$409,777

Purchase Details

Closed on
Feb 23, 2021
Sold by
Florence Ave Property Llc
Bought by
Montoya Maia Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$426,277
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$409,777

Purchase Details

Listed on
Jan 8, 2020
Closed on
May 7, 2020
Sold by
Montoya Maia Mercedes
Bought by
Florence Ave Llc
Seller's Agent
Juan Michael
Forward Real Estate
Buyer's Agent
Hofit Kahn
Compass
List Price
$670,000
Sold Price
$670,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.48%

Purchase Details

Closed on
Mar 5, 2020
Sold by
Staggers Alfonza and Staggers Regina
Bought by
Montoya Mata Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2002
Sold by
Staggers Alfonza
Bought by
Staggers Alfonza and Staggers Regina

Purchase Details

Closed on
Aug 21, 2002
Sold by
Community Housing Restoration
Bought by
Staggers Alfonza and Pineda Regina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,596
Interest Rate
6.43%
Mortgage Type
FHA

Purchase Details

Closed on
May 24, 2001
Sold by
Inglewood Neighborhood Housing
Bought by
Community Housing Restoration

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,690
Interest Rate
7.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2001
Sold by
Hud
Bought by
Inglewood Neighborhood Housing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,690
Interest Rate
7.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 13, 2000
Sold by
Credit Based Asset Servicing & Securitiz
Bought by
Hud

Purchase Details

Closed on
Nov 30, 1999
Sold by
Jones Kristi M
Bought by
Credit Based Asset Servicing & Securitiz

Purchase Details

Closed on
Apr 24, 1998
Sold by
Angarica Roberto
Bought by
Jones Kristi Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,916
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 4, 1998
Sold by
Caroulis Steven M
Bought by
Angarica Roberto and Rodriguez Silvino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,916
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 1997
Sold by
Universal American Mtg Company
Bought by
Caroulis Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 1997
Sold by
Lindo Adolphus Benjamin
Bought by
Universal American Mtg Company
Source: Public Records

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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
Florence Ave Property Llc -- Western Resources Title
Montoya Maia Mercedes -- Western Resources Title
Florence Ave Llc -- Accommodation
Montoya Mata Mercedes $670,000 First American Title Company
Staggers Alfonza -- --
Staggers Alfonza $285,000 Provident Title
Community Housing Restoration -- --
Inglewood Neighborhood Housing $104,000 Benefit Land Title
Hud -- First American Title Ins Co
Credit Based Asset Servicing & Securitiz $262,006 Benefit Land Title Ins Co
Jones Kristi Marie $246,000 Benefit Land Title Company
Angarica Roberto $168,000 Commonwealth Land Title Co
Caroulis Steven M $158,500 Commonwealth Land Title Co
Universal American Mtg Company $100,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Florence Ave Property Llc $470,000
Previous Owner Montoya Mata Mercedes $502,500
Previous Owner Staggers Alfonza $430,500
Previous Owner Staggers Alfonza $305,515
Previous Owner Staggers Alfonza $284,804
Previous Owner Staggers Alfonza $280,596
Previous Owner Inglewood Neighborhood Housing $94,690
Previous Owner Jones Kristi Marie $236,916
Previous Owner Angarica Roberto $132,000
Previous Owner Caroulis Steven M $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2020 05/13/20 Sold $670,000 0.0% $231 / Sq Ft
04/07/2020 04/07/20 Price Changed $670,000 0.0% $231 / Sq Ft
04/07/2020 04/07/20 For Sale $670,000 -2.8% $231 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
02/07/2020 02/07/20 Price Changed $689,500 -0.1% $238 / Sq Ft
01/27/2020 01/27/20 Price Changed $690,000 -1.4% $238 / Sq Ft
01/08/2020 01/08/20 For Sale $700,000 -- $241 / 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
2024 $9,114 $718,372 $410,652 $307,720
2023 $8,947 $704,287 $402,600 $301,687
2022 $8,545 $690,478 $394,706 $295,772
2021 $8,428 $676,940 $386,967 $289,973
2020 $4,998 $377,413 $112,557 $264,856
2019 $4,814 $370,013 $110,350 $259,663
2018 $4,720 $362,759 $108,187 $254,572
2016 $4,494 $348,675 $103,987 $244,688
2015 $4,432 $343,439 $102,426 $241,013
2014 $4,455 $336,712 $100,420 $236,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-542254

The MLS

APN: 6019-001-004