NOT LISTED FOR SALE
7 Beds
7 Baths
4,488 Sq Ft
7,001 Sq Ft Lot

Sale Details

Date Sold: August 25, 2014

Last sale price $1,040,000 $232 Per Sq Ft

48 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Tile Countertops
  • Front Yard

About This Home

As of August 2014

23% upside in rents. Pro Forma CAP 6.43%. Excellent 2 story building located near Pico and Crenshaw. Subject is legal 7 units. Front building is 6 units built in 1951. Rear building is one unit and built in 1921. Separately metered for gas and electric. Individual water heaters. Near mass transit and major freeways. 2 of the apartments have remodeled kitchen with granite counters and new cabinets.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 05/09/2014

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,001 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 4,488 Sq Ft Home
  • Property Attached
  • Partial Copper Plumbing

Kitchen

  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 9 / 49
  • Tax Tract Number 2181
  • Assessor Parcel Number 5072025011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Gardener Expense $900
  • Insurance Expense $2,141
  • Maintenance Expense $2,100
  • Trash Expense $121
  • New Taxes Expense $13,600
  • Gross Income $7,013
  • Net Operating Income $56,457

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

7,001 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: LARD2
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5072025011
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 231.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Trash Expense: 121.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7001.00
  • Lot Size Acres: 0.1610

Multi Family

  • Gross Income: 7013.00
  • Gross Scheduled Income: 84156.00
  • Insurance Expense: 2141.00
  • Lot Size Area: 7001.0000 Square Feet
  • Maintenance Expense: 2100.00
  • Net Operating Income: 56457.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 25247.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 13600.00
  • Tax Block: 49
  • Tax Lot: 9
  • Tax Tract Number: 2181
  • Tax Year: 2013

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
May 9, 2014
Closed on
Aug 5, 2014
Sold by
Bought by
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
List Price
$1,088,000
Sold Price
$1,040,000
Premium/Discount to List
-$48,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
0.0411%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,500
Interest Rate
0.0573%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 7, 2002
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 2001
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 1999
Sold by
Bought by
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

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
-- None Available
$1,040,000 None Available
$610,000 Fidelity Van Nuys
-- --
-- --
-- --
-- --
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 $650,000
Previous Owner $75,000
Previous Owner $395,000
Previous Owner $396,500
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
08/25/2014 08/25/14 Sold $1,040,000 -4.4% $232 / Sq Ft
06/26/2014 06/26/14 Pending -- -- --
05/09/2014 05/09/14 For Sale $1,088,000 -- $242 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $15,974 $1,249,916 $961,476 $288,440
2024 $15,786 $1,225,409 $942,624 $282,785
2023 $15,498 $1,201,383 $924,142 $277,241
2022 $14,812 $1,177,827 $906,022 $271,805
2021 $14,618 $1,154,733 $888,257 $266,476
2020 $14,759 $1,143,594 $879,150 $264,444
2019 $14,201 $1,121,185 $861,912 $259,273
2018 $14,039 $1,099,215 $845,012 $254,203
2016 $13,372 $1,055,860 $812,200 $243,660
2015 $13,184 $1,040,000 $800,000 $240,000
2014 -- $693,619 $511,687 $181,932
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14097981

California Regional Multiple Listing Service (CRMLS)
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