$1,075,000
SOLD SEP 1, 2021
8 Beds
4 Baths
2,350 Sq Ft
5,906 Sq Ft Lot

Recently Sold

$457 Per Sq Ft

5% Below List Price

41 Days on Market

Highlights

  • A-Frame Home
  • Ground Level Unit
  • Ceiling Fan
  • Wood Flooring
  • Laundry Room
  • North Facing Home

About This Home

As of September 2021

2 houses on one lot in historic Adams District! Walking distance to USC Village/University and a very short distance to the popular L.A. Live! USC tram stops and Ralphs are minutes away. Located within the USC DPS safety patrol zone! Both houses are 4 bed 2 baths roughly 1,345 SQFT and 1300 SQFT. The basement is rented for storage as well! The Property is zoned LAR4 with the potential to build a 14-unit complex. Buyer to verify all information with applicable agencies. Please do not disturb tenants. Owner is real estate agent.

Last Agent to Sell the Property

Geoffrey Mann

Westgate Property Group Inc. License #01463602 Listed on: 06/03/2021

Last Buyer's Agent

Geoffrey Mann

Westgate Property Group Inc. License #01463602 Listed on: 06/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,835

Year Built

  • Built in 1921

Lot Details

  • 5,906 Sq Ft Lot
  • North Facing Home

Home Design

  • A-Frame Home
  • Wood Siding

Interior Spaces

  • 2,350 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway

Additional Features

  • Ground Level Unit
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, cable TV, gas
  • The owner pays for water
  • Assessor Parcel Number 5055-004-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,835

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: A-Frame
  • Levels: Ground Level
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Living Area: 2350
  • Lot Acreage: 0.1356
  • Probate: No
  • Stories: 1
  • Year Built: 1921
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 8
  • Laundry: Laundry Area
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Dishwasher, Hood Fan, Refrigerator, Range/Oven, Washer, Dryer, Garbage Disposal
  • Price Per S Q F T: 480.85

Exterior Features

  • Direction Faces: North
  • Construction: Wood Siding
  • Other Structures: Accessory Bldgs
  • Tennis Court Y/N: No
  • Foundation Details: Brick & Mortar Per
  • Patio: Concrete Slab
  • View: No

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Value: 0
  • Assessed Land Percent: 0
  • Assessed Land Value: 0
  • Total Assessed Value: 0
  • Assessor Parcel Number: 5055-004-017
  • Lot Size Area: 5906

Rental Info

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

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 5.00
  • Number Of Units: 2
  • Total Annual Expense: 13000
  • Type Of Units: Unit 1 and 2
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jul 16, 2021
Sold by
Badhan Rita Linda
Bought by
Callaway Christopher
Seller's Agent
Geoffrey Mann
Westgate Property Group Inc.
Buyer's Agent
Geoffrey Mann
Westgate Property Group Inc.
List Price
$1,130,000
Sold Price
$1,075,000
Premium/Discount to List
-$55,000
-4.87%
Current Estimated Value
$1,332,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,453
Avg. Annual Appreciation
5.66%
Original Mortgage
$913,750
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2018
Sold by
Badhan Narinder Paul Singh and Badhan Narinder
Bought by
Badhan Rita Linda

Purchase Details

Listed on
Jan 21, 2015
Closed on
Mar 30, 2015
Sold by
Valencia Investment Llc
Bought by
Badhan Narinder and Badhan Rita
Seller's Agent
Fabian Garcia
CENTURY 21 REALTY MASTERS
Buyer's Agent
JOHN RAMLJAK
The Ashton Group, Inc
List Price
$678,800
Sold Price
$678,000
Premium/Discount to List
-$800
-0.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$665,719
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 3, 2014
Closed on
Aug 7, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
Valencia Investments Llc
Seller's Agent
Alex Carrillo
AIE Realty Inc
Buyer's Agent
Jeremy Thana
AIE Realty Inc
List Price
$379,500
Sold Price
$326,500
Premium/Discount to List
-$53,000
-13.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
224.97%
Original Mortgage
$211,000
Interest Rate
4.11%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 3, 2013
Sold by
Davalos Alcaraz Israel Davalos and Davalos Alcaraz Maria Guadalupe
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jul 11, 2002
Sold by
Alcaraz Israel Davalos and Davalos Maria Guadalupe
Bought by
Davalos Alcaraz Israel Davalos and Davalos Alcaraz Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.75%
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 $1,075,000 Stewart Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $678,000 Servicelink
Grant Deed -- Servicelink
Trustee Deed $327,096 Accommodation
Interfamily Deed Transfer -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $169,900 Credit Line Revolving
Previous Owner $913,750 New Conventional
Previous Owner $623,000 New Conventional
Previous Owner $665,719 FHA
Previous Owner $211,000 Stand Alone First
Previous Owner $211,000 Stand Alone First
Previous Owner $344,000 Unknown
Previous Owner $292,000 Unknown
Previous Owner $256,000 Unknown
Previous Owner $200,000 No Value Available
Previous Owner $167,276 Unknown
Previous Owner $170,250 Unknown
Previous Owner $132,455 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2021 09/01/21 Sold $1,075,000 -4.9% $457 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $1,130,000 +66.7% $481 / Sq Ft
04/10/2015 04/10/15 Sold $678,000 -0.1% $289 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $678,800 +107.9% $289 / Sq Ft
08/26/2014 08/26/14 Sold $326,500 -14.0% $259 / Sq Ft
07/30/2014 07/30/14 Pending -- -- --
04/03/2014 04/03/14 For Sale $379,500 -- $301 / 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 $13,835 $1,118,429 $706,951 $411,478
2023 $13,572 $1,096,500 $693,090 $403,410
2022 $12,948 $1,075,000 $679,500 $395,500
2021 $9,244 $752,795 $444,128 $308,667
2020 $9,252 $745,077 $439,575 $305,502
2019 $8,890 $730,468 $430,956 $299,512
2018 $8,769 $716,146 $422,506 $293,640
2016 $8,370 $688,339 $406,100 $282,239
2015 $4,142 $326,500 $226,500 $100,000
2014 $4,246 $326,475 $229,035 $97,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-744790

The MLS

APN: 5055-004-017