NOT LISTED FOR SALE

1339 W 35th Place Los Angeles, CA 90007

Exposition Park Neighborhood

Estimated Value: $1,634,000 - $2,136,000

12 Beds
4 Baths
4,384 Sq Ft
$411/Sq Ft Est. Value

Last Sold November 09, 2021

Last sale price $1,580,000 $360 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $11,184/month

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of November 2021

Delighted to present the opportunity to acquire 35th Place Apartments. This offering encompasses four (4) units. The secured access building is approximately 4,384 SF and sits on a 6,790 SF lot and provides controlled access parking. The property generates additional income from an onsite laundry facility. The building consists of (3) updated units, which includes laminated floor, stainless appliances, and quartz countertops. This well-located offering has great visibility and finds itself located near an abundance of amenities and businesses. Easy access to the 110 FWY and DTLA.

Last Agent to Sell the Property

Trina Stone

Victory Realty Group License #01756324 Listed on: 08/04/2021

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,359

Year Built

  • Built in 1966

Lot Details

  • 6,790 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 4,384 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 6
  • Tax Tract Number 210
  • Assessor Parcel Number 5040004004

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,440
  • Fuel Expense $1,080
  • Insurance Expense $3,240
  • Trash Expense $3,180
  • Water Sewer Expense $3,270
  • Operating Expense $12,210
  • Gross Income $102,759
  • Net Operating Income $90,549

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,359

Year Built

Built in 1966

Lot Details

0

Listing Details

  • CapRate: 4.77
  • Price Per Unit: 425000
  • Property Attached: Yes
  • Water Sewer Expenses: 3270.00
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5040004004
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 360.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3180.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6790.00
  • Lot Size Acres: 0.1559

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1440.00
  • Fuel Expense: 1080.00
  • Gross Income: 102759.00
  • Gross Scheduled Income: 102759.00
  • Insurance Expense: 3240.00
  • Lot Size Area: 6790.0000 Square Feet
  • Net Operating Income: 90549.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 12210.00
  • Rent Control: Yes
  • Total Expenses: 12210.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 2226.00
  • Tax Lot: 3
  • Tax Tract Number: 210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Oct 2, 2021
Sold by
Merchant Realty Group Llc
Bought by
Hongxin Ii Llc
Seller's Agent
Trina Stone
Victory Realty Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,900,000
Sold Price
$1,580,000
Premium/Discount to List
-$320,000
-16.84%
Current Estimated Value
$1,803,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,470
Avg. Annual Appreciation
3.41%

Purchase Details

Closed on
Dec 1, 2020
Sold by
Bennett Lester
Bought by
Merchant Realty Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2017
Sold by
Reddish Lugenia
Bought by
Bennett Lester

Purchase Details

Closed on
Apr 14, 2004
Sold by
Bennett Sheila
Bought by
Sheila Ann Bennett Living Trust

Purchase Details

Closed on
Oct 29, 2003
Sold by
The Sheila Ann Bennett Living Trust
Bought by
Bennett Sheila A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,700
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2002
Sold by
Bennett Sheila A
Bought by
The Sheila Ann Bennett Living Trust

Purchase Details

Closed on
Oct 27, 2000
Sold by
Trust Hawkins, Airlean Tr Hawkins Living
Bought by
Bennett Sheila A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.67%

Purchase Details

Closed on
Aug 26, 1999
Sold by
Hawkins Airlean
Bought by
Intervivos Trust Of Airlean Hawkins
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Hongxin Ii Llc $1,580,000 Provident Title
Merchant Realty Group Llc -- Orange Coast Ttl Co Of Socal
Bennett Lester -- None Available
Sheila Ann Bennett Living Trust -- --
Bennett Sheila A -- Commonwealth
The Sheila Ann Bennett Living Trust -- --
Bennett Sheila A $320,000 Commonwealth Title
Intervivos Trust Of Airlean Hawkins -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merchant Realty Group Llc $285,000
Previous Owner Bennett Sheila A $253,700
Previous Owner Bennett Sheila A $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2021 11/09/21 Sold $1,580,000 -7.1% $360 / Sq Ft
11/02/2021 11/02/21 Price Changed $1,700,000 -10.5% $388 / Sq Ft
10/28/2021 10/28/21 For Sale $1,900,000 0.0% $433 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $1,900,000 -- $433 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,359 $1,591,811 $1,167,328 $424,483
2024 $19,359 $1,560,600 $1,144,440 $416,160
2023 $19,970 $1,611,600 $1,122,000 $489,600
2022 $19,051 $1,580,000 $1,100,000 $480,000
2021 $13,093 $1,063,021 $762,270 $300,751
2020 $13,222 $1,052,122 $754,454 $297,668
2019 $12,708 $1,031,493 $739,661 $291,832
2018 $12,577 $1,011,268 $725,158 $286,110
2016 $12,001 $972,000 $697,000 $275,000
2015 $5,198 $401,194 $200,597 $200,597
2014 $5,242 $393,336 $196,668 $196,668
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Trina Stone

    Victory Realty Group

    (818) 639-1097

    1 in this area

    2 Total Sales

    Trina Stone
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,951 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21171437

California Regional Multiple Listing Service (CRMLS)

APN: 5040-004-004

California Los Angeles County Los Angeles 90007 Exposition Park

1339 W 35th Place, Los Angeles, CA

This home is located at 1339 W 35th Place, Los Angeles, CA 90007 since 04 August 2021 and is currently estimated at $1,803,470, approximately $411 per square foot. This property was built in 1966. 1339 W 35th Place is a home located in Los Angeles County with nearby schools including John W. Mack Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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