NOT LISTED FOR SALE

Estimated Value: $926,000 - $1,198,252

7 Beds
4 Baths
2,268 Sq Ft
$468/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $585,000 $258 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,783/month

13 Days on Market

About This Home

As of June 2016

Beautiful Duplex built in 2005 just five blocks from USC. Front unit features 4 large bedrooms & 2 full bathrooms. The rear unit features 3 large bedrooms & 2 full bathrooms. Each unit is highly upgraded and in complete move in condition. Both units feature open floor plan layout, with plenty of room for entertaining. Kitchens feature wood cabinets, stainless steel sinks, and lots of cabinet space. Each unit has its own in-unit laundry room, rear unit has new laminate wood flooring in living room and hallway; parking is gated and with plenty of room for 4+ cars & a gated front grassy yard. It is possible that both units can be delivered vacant, please inquire with agent. A must see turnkey property 5 blocks from USC!

Last Agent to Sell the Property

Danny Mahelka

Coldwell Banker Realty License #01170359 Listed on: 04/15/2016

Coldwell Banker Realty

Last Buyer's Agent

Samuel Woldeyesus

License #01915193

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,602

Year Built

  • Built in 2005

Lot Details

  • 5,229

Home Design

  • 2,268 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Gated Parking

Additional Features

  • 5,229 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5036-014-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,602

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2268
  • Year Built: 2005
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 253.53

Exterior Features

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

Garage/Parking

  • Parking Garage: Gated, Oversized
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Water Expense: 1000.00

Fee Information

  • Insurance Expense: 1200.00

Lot Info

  • Assessed Improvement Value: 236595
  • Assessed Land Value: 260952
  • Assessor Parcel Number: 5036-014-026
  • Geocode Override: No
  • Lot Size Area: 5229

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.98
  • Number Of Units: 2
  • Total Annual Expense: 9387
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 7187.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2023
Sold by
Khachadourian Armin H and Khachadourian Anet
Bought by
Razleen Trust and Khachadourian
Current Estimated Value
$1,060,313

Purchase Details

Closed on
Sep 30, 2021
Sold by
Ghebre Ab Rahwa Habtu and The Rahwa Ghebre Ab Revocable
Bought by
Khachadourian Armin H and Abnous Anet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2019
Sold by
Ghebre Ab Rahwa H
Bought by
Ghebre Ab Rahwa Habtu and The Rahwa Ghebre Ab Revocable

Purchase Details

Listed on
Apr 15, 2016
Closed on
Jun 3, 2016
Sold by
Bradley Leslie Elsworth
Bought by
Ghebre Ab Rahwa H
Seller's Agent
Danny Mahelka
Coldwell Banker Realty
Buyer's Agent
Samuel Woldeyesus
List Price
$575,000
Sold Price
$585,000
Premium/Discount to List
$10,000
1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$574,404
Interest Rate
3.66%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 2004
Sold by
Diamond Properties/Developments Inc
Bought by
Bradley Leslie Elsworth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 20, 2004
Sold by
Ar Homes Inc
Bought by
Diamond Properties/Developments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 18, 2004
Sold by
Financial Empire Inc
Bought by
A R Homes Inc

Purchase Details

Closed on
May 19, 2004
Sold by
City Of Los Angeles
Bought by
Milan Financial Inc

Purchase Details

Closed on
Nov 24, 2003
Sold by
Milan Financial Inc
Bought by
Financial Empire Inc

Purchase Details

Closed on
Aug 6, 2003
Sold by
First Investment Capital Inc
Bought by
Milan Financial Inc

Purchase Details

Closed on
May 4, 2001
Sold by
Winston Mell S
Bought by
First Investment Capital Inc

Purchase Details

Closed on
Sep 17, 1997
Sold by
Board Of Public Works
Bought by
The City Of Los Angeles
Source: Public Records

Range of Values:

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Average Value
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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
Razleen Trust -- None Listed On Document
Khachadourian Armin H $980,000 Lawyers Title Company
Ghebre Ab Rahwa Habtu -- None Available
Ghebre Ab Rahwa H $585,000 Provident Title
Bradley Leslie Elsworth $429,000 Fidelity National Title Co
Diamond Properties/Developments Inc $220,000 Commonwealth Land Title Co
A R Homes Inc -- United Title Company
Milan Financial Inc -- --
Financial Empire Inc -- United Title Company
Milan Financial Inc -- --
First Investment Capital Inc $1,000 --
First Investment Capital Inc $1,000 --
The City Of Los Angeles $22,038 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khachadourian Armin H $735,000
Previous Owner Ghebre Ab Rahwa H $544,223
Previous Owner Ghebre Ab Rahwa H $574,404
Previous Owner Bradley Leslie Elsworth $390,000
Previous Owner Bradley Leslie Elsworth $30,000
Previous Owner Bradley Leslie Elsworth $343,200
Previous Owner Diamond Properties/Developments Inc $199,500
Closed Bradley Leslie Elsworth $42,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2016 06/14/16 Sold $585,000 +1.7% $258 / Sq Ft
04/15/2016 04/15/16 For Sale $575,000 -- $254 / 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 $12,602 $1,039,983 $636,724 $403,259
2024 $12,602 $1,019,592 $624,240 $395,352
2023 $12,363 $999,600 $612,000 $387,600
2022 $11,794 $980,000 $600,000 $380,000
2021 $7,870 $639,779 $382,774 $257,005
2019 $7,639 $620,805 $371,422 $249,383
2018 $7,537 $608,634 $364,140 $244,494
2016 $6,244 $505,134 $264,931 $240,203
2015 $6,154 $497,547 $260,952 $236,595
2014 $4,384 $340,000 $170,000 $170,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-115040

The MLS

APN: 5036-014-026