1321 W 36th St Los Angeles, CA 90007
Exposition Park NeighborhoodEstimated Value: $1,265,755 - $1,358,000
10
Beds
8
Baths
4,939
Sq Ft
$266/Sq Ft
Est. Value
About This Home
As of March 2017Back on Market! Price reduced! 8 Units just 3 blocks from USC campus. Attractive unit mix consisting of three 2/1's, four 1/1's and one studio. Units are separately metered for gas & electricity keeping landlord expenses low. Subject property is professionally managed and located across the street from Weemes Elementary School. Tenants enjoy onsite parking and laundry room. All units are currently section 8, but subject property presents interesting reposition play as student housing.
Last Agent to Sell the Property
Daron Case
Re/Max Commercial & Investment License #01702754 Listed on: 10/27/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,418
Year Built
- Built in 1960
Lot Details
- 6,899 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Interior Spaces
- 4,939 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 5
- Tax Tract Number 5
- Assessor Parcel Number 5040008003
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,333
- Insurance Expense $2,399
- Professional Management Expense $2,400
- Trash Expense $3,597
- Water Sewer Expense $3,909
- New Taxes Expense $18,849
- Operating Expense $39,850
- Gross Income $9,183
- Net Operating Income $68,730
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 30, 2015
Closed on
Jan 15, 2016
Sold by
Abdul Muhaimin Zaid and The Zaid Abdul Muhaimin 2006 R
Bought by
Crescent Capital Partners Iii Llc
Seller's Agent
Mike Pesci
Keller Williams Studio City
Buyer's Agent
Mike Pesci
Keller Williams Studio City
List Price
$849,000
Sold Price
$750,000
Premium/Discount to List
-$99,000
-11.66%
Total Days on Market
62
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$561,878
Avg. Annual Appreciation
6.14%
Original Mortgage
$500,000
Interest Rate
3.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 9, 2006
Sold by
Abdul Muhaimin Zaid
Bought by
Zaid Abdul Muhaimin Revocable Living Tr
Purchase Details
Closed on
Aug 5, 2004
Sold by
Red Shield Inc
Bought by
Muhaimin Zaid Abdul
Purchase Details
Closed on
Sep 23, 2003
Sold by
Posada Maria A
Bought by
Red Shield Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 8, 2001
Sold by
Posada Maria and Marquez Adela
Bought by
Posada Maria A
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
7.19%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 21, 2000
Sold by
Marquez Adela
Bought by
Posada Maria A and Marquez Adela
Similar Homes in Los Angeles, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Crescent Capital Partners Iii Llc | $750,000 | Fidelity National Title Co | |
| Zaid Abdul Muhaimin Revocable Living Tr | -- | None Available | |
| Muhaimin Zaid Abdul | $555,000 | -- | |
| Red Shield Inc | $350,000 | Stewart Title | |
| Posada Maria A | -- | Old Republic Title Company | |
| Posada Maria A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Crescent Capital Partners Iii | $1,180,000 | |
| Closed | Crescent Capital Partners Ill Llc | $980,000 | |
| Closed | Crescent Capital Partners Iii Llc | $500,000 | |
| Previous Owner | Red Shield Inc | $315,000 | |
| Previous Owner | Posada Maria A | $125,000 | |
| Closed | Red Shield Inc | $12,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2017 03/29/17 | Sold | $1,500,000 | -2.9% | $304 / Sq Ft |
| 12/28/2016 12/28/16 | Pending | -- | -- | -- |
| 11/16/2016 11/16/16 | Price Changed | $1,545,000 | -3.1% | $313 / Sq Ft |
| 10/27/2016 10/27/16 | For Sale | $1,595,000 | +112.7% | $323 / Sq Ft |
| 01/29/2016 01/29/16 | Sold | $750,000 | -11.7% | $190 / Sq Ft |
| 11/24/2015 11/24/15 | Pending | -- | -- | -- |
| 09/30/2015 09/30/15 | For Sale | $849,000 | -- | $215 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,418 | $870,435 | $673,138 | $197,297 |
| 2023 | $11,215 | $853,369 | $659,940 | $193,429 |
| 2022 | $10,727 | $836,637 | $647,000 | $189,637 |
| 2021 | $10,583 | $820,233 | $634,314 | $185,919 |
| 2019 | $10,285 | $795,905 | $615,500 | $180,405 |
| 2018 | $10,162 | $780,300 | $603,432 | $176,868 |
| 2016 | $8,513 | $653,503 | $494,545 | $158,958 |
| 2015 | $8,398 | $643,688 | $487,117 | $156,571 |
| 2014 | $8,455 | $631,080 | $477,576 | $153,504 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2017
Daron Case
RE/MAX
(310) 802-2500
2 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2017
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,625 Total Sales
-
Mike Pesci
Seller's Agent in 2016
Mike Pesci
Keller Williams Studio City
(818) 432-1647
63 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16735188
APN: 5040-005-001
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