$442,000
SOLD AUG 31, 2016
4 Beds
2 Baths
1,641 Sq Ft
5,877 Sq Ft Lot

Recently Sold

$269 Per Sq Ft

5% Below List Price

1,135 Days on Market

Highlights

  • City View
  • Ceiling Fan
  • 1-Story Property
  • Built-In Features

About This Home

As of August 2016

ATTENTION INVESTORS :: Consistent income producing, duplex-zoned rental property consists of a main 3 BR / 1 BA house and a 1 BR / 1 BA guest house at the rear of the property. Occupants are two sets of long term, well-paying tenants with excellent rental history. Rare opportunity to invest near USC, I-10, and DTLA. Very appealing architecture and lots of character: hard wood floors, vintage accents, early 20th century design. This property is ideal for long-term minded professional landlords, asset portfolio holders, and patient investors. Rent control applies. Opportunity is prime for NON-OWNER OCCUPANTS who want to invest in an area known for it's appreciation while benefiting from incredibly reliable tenants. Low maintenance and steady revenue help realize a 3.25% CAP rate with minimal regular maintenance. Bring your cash and/or non-owner occupied conventional loans. Landlord will not deliver vacant; opportunity here is turnkey maintenance and steady income

Last Agent to Sell the Property

Roddy de la Garza

eXp Realty of Greater Los Angeles License #01995374 Listed on: 06/13/2016

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Lee Ziff

Keller Williams Beverly Hills License #01212150

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,375

Year Built

  • Built in 1910

Lot Details

  • 5,877 Sq Ft Lot

Interior Spaces

  • 1,641 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5055-018-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,375

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Exclusions: All Tenant's Personal Items
  • Living Area: 1641
  • Probate: No
  • Stories: 1
  • Year Built: 1910
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Range: 2
  • Number Refrigerator: 2
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Ceiling Fan
  • Price Per S Q F T: 283.36

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 2
  • Pool: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway - Concrete
  • Total Parking: 2

Utilities

  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Water Expense: 840.00

Fee Information

  • Insurance Expense: 640.00
  • Maintenance Expense: 2200.00

Lot Info

  • Assessed Improvement Value: 74000
  • Assessed Land Value: 280000
  • Assessor Parcel Number: 5055-018-024
  • Geocode Override: No
  • Lot Size Area: 5877

Rental Info

  • Total Actual Rent: 23320.00
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.00
  • Gross Scheduled Income: 23320.00
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 7219
  • Type Of Units: Detached
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 3179.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2016
Closed on
Aug 10, 2016
Sold by
Lu Yi and Li Ning
Bought by
Canon Equity Partners Llc
Seller's Agent
Roddy de la Garza
eXp Realty of Greater Los Angeles
Buyer's Agent
Lee Ziff
Keller Williams Beverly Hills
List Price
$465,000
Sold Price
$442,000
Premium/Discount to List
-$23,000
-4.95%
Current Estimated Value
$975,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$533,640
Avg. Annual Appreciation
9.18%
Original Mortgage
$325,500
Interest Rate
3.44%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Aug 7, 2014
Closed on
Oct 23, 2014
Sold by
Canjura Manuel
Bought by
Lu Yi and Li Ning
Seller's Agent
Nancy Zelada
Century 21 Masters
Buyer's Agent
Nancy Zelada
Century 21 Masters
List Price
$349,000
Sold Price
$354,000
Premium/Discount to List
$5,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%
Original Mortgage
$247,800
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2003
Sold by
Martir Maria M
Bought by
Canjura Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 1998
Sold by
Rivala Enterprises Inc
Bought by
Canjura Manuel and Martir Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.17%

Purchase Details

Closed on
Feb 13, 1998
Sold by
Wallach Arthur
Bought by
Rivala Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,796
Interest Rate
6.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 18, 1997
Sold by
Goetz Ernest John
Bought by
Guzman Robert

Purchase Details

Closed on
Nov 17, 1997
Sold by
Guzman Robert
Bought by
Wallach Arthur
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 $434,000 First American Title Company
Grant Deed $354,000 Orange Coast Title Company
Grant Deed -- American Title Co
Grant Deed $165,000 Stewart Title
Quit Claim Deed -- --
Grant Deed $86,000 Fidelity National Title Ins
Grant Deed $98,500 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $396,000 Adjustable Rate Mortgage/ARM
Closed $325,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $247,800 New Conventional
Previous Owner $400,000 Negative Amortization
Previous Owner $171,000 Purchase Money Mortgage
Previous Owner $148,500 No Value Available
Previous Owner $99,796 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2016 08/31/16 Sold $442,000 -4.9% $269 / Sq Ft
07/24/2016 07/24/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $465,000 +5.2% $283 / Sq Ft
07/17/2016 07/17/16 Off Market $442,000 -- --
07/13/2016 07/13/16 Price Changed $465,000 +31.4% $283 / Sq Ft
11/26/2014 11/26/14 Sold $354,000 +1.4% $216 / Sq Ft
08/15/2014 08/15/14 Pending -- -- --
08/07/2014 08/07/14 For Sale $349,000 -29.5% $213 / Sq Ft
06/15/2013 06/15/13 For Sale $495,000 -- $302 / 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 $6,375 $502,915 $375,482 $127,433
2023 $6,259 $493,055 $368,120 $124,935
2022 $5,978 $483,388 $360,902 $122,486
2021 $5,898 $473,911 $353,826 $120,085
2020 $5,956 $469,052 $350,198 $118,854
2019 $5,727 $459,856 $343,332 $116,524
2018 $5,630 $450,840 $336,600 $114,240
2016 $4,496 $359,398 $284,270 $75,128
2015 $4,433 $354,000 $280,000 $74,000
2014 $3,179 $241,944 $195,603 $46,341
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-135884

The MLS

APN: 5055-018-024