$750,000
SOLD JAN 29, 2016
9 Beds
5 Baths
3,943 Sq Ft
6,804 Sq Ft Lot

Recently Sold

$190 Per Sq Ft

12% Below List Price

55 Days on Market

About This Home

As of March 2017

We are proud to present the sale of 1321 W. 36th St., a 5 Unit Multi-family apartment building located just two and one half blocks from the University of Southern California. The subject property consist of four (4) two bedroom one bathrooms (2+1), and one (1) one bedroom one bathroom (1+1)(Per Seller). The building is individually metered for Gas and Electricity. With two tenants possibly willing to relocate, the savvy investor can capitalize on the potential for student housing to greatly increase the properties cash flow. Tremendous upside potential!

Last Agent to Sell the Property

Mike Pesci

Keller Williams Studio City License #01274379 Listed on: 09/30/2015

Keller Williams Studio City

Last Buyer's Agent

Mike Pesci

Keller Williams Studio City License #01274379 Listed on: 09/30/2015

Keller Williams Studio City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,418

Year Built

  • Built in 1948

Lot Details

  • 6,804 Sq Ft Lot

Interior Spaces

  • 3,943 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Assigned Parking

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5040-005-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,418

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3943
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 215.32

Exterior Features

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

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 156571
  • Assessed Land Value: 487117
  • Assessor Parcel Number: 5040-005-001
  • Geocode Override: No
  • Lot Size Area: 6804

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 17.03
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 22095
  • Type Of Units: 1-1+1; 4-2+1
  • Vacancy Rate: 3%

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%
Current Estimated Value
$1,337,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$587,541
Avg. Annual Appreciation
6.27%
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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $750,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Grant Deed $555,000 --
Grant Deed $350,000 Stewart Title
Interfamily Deed Transfer -- Old Republic Title Company
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,180,000 Commercial
Closed $980,000 Commercial
Closed $500,000 Commercial
Previous Owner $315,000 Commercial
Previous Owner $125,000 Commercial
Closed $12,000 No Value Available
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: 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
2025 $11,418 $887,842 $686,600 $201,242
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

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Map

Source: The MLS

MLS Number: 15-946161

The MLS

APN: 5040-005-001