$900,000
SOLD SEP 8, 2020
9 Beds
4 Baths
2,756 Sq Ft
7,527 Sq Ft Lot

Recently Sold

$327 Per Sq Ft

18% Below List Price

119 Days on Market

About This Home

As of September 2020

Mix of three-2+1 and one-3+1. The property is subject to rent control with tremendous rental upside. Located in a high demand rental location. The property has been recently updated with new paint, new roof, and new windows and driveway. Amenities include: on-site, garage parking for each unit, individual metered for gas and electric, individual water heaters. The property has tremendous rental upside! The units are well maintained and provide strong cash-flow. Great for a first time investor. The property is within walking distance of grocery store, restaurants and transit line.

Last Agent to Sell the Property

Grace Carelli

Sotheby's International Realty License #00977102 Listed on: 03/20/2020

Sotheby's International Realty

Last Buyer's Agent

Christian Aragon

Elevate Homes License #01930233

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,465

Year Built

  • Built in 1948

Home Design

  • 2,756 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Car Garage
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Additional Features

  • Oven or Range
  • 7,527 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2216-032-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,465

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2756
  • Year Built: 1948
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 4.00
  • Equipment: Cable, Range/Oven, Refrigerator
  • Price Per S Q F T: 361.03

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Garage, Uncovered
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 416292
  • Assessed Land Value: 352088
  • Assessor Parcel Number: 2216-032-014
  • Geocode Override: No
  • Lot Size Area: 7527

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.78
  • Number Of Units: 4
  • Total Annual Expense: 24550
  • Type Of Units: 2's & 3's
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Aug 28, 2020
Sold by
Aragon Richard V
Bought by
Aragon Christian
Seller's Agent
Grace Carelli
Sotheby's International Realty
Buyer's Agent
Christian Aragon
Elevate Homes
List Price
$1,095,000
Sold Price
$900,000
Premium/Discount to List
-$195,000
-17.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.55%
Original Mortgage
$883,698
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 20, 2020
Closed on
Jul 24, 2020
Sold by
Krupnick Matthew and Krupnick Robert
Bought by
Aragon Richard V
Seller's Agent
Grace Carelli
Sotheby's International Realty
Buyer's Agent
Christian Aragon
Elevate Homes
List Price
$1,095,000
Sold Price
$900,000
Premium/Discount to List
-$195,000
-17.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,698
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 25, 2016
Closed on
Mar 31, 2017
Sold by
Hernandez Vidal
Bought by
Krupnick Vivian G and Vivian G Krupnick Family Trust
Seller's Agent
Mike Pesci
Keller Williams Studio City
Buyer's Agent
Grace Carelli
Sotheby's International Realty
List Price
$955,000
Sold Price
$915,000
Premium/Discount to List
-$40,000
-4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.49%

Purchase Details

Listed on
Nov 17, 2014
Closed on
Dec 3, 2014
Sold by
Corona Martin
Bought by
The Hernandez Family Trust
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$742,000
Sold Price
$742,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%

Purchase Details

Closed on
Dec 15, 2005
Sold by
Corona Imelda
Bought by
Corona Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 1, 2005
Sold by
Cusano Gary
Bought by
Corona Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 28, 1998
Sold by
Frawley Kevin R
Bought by
Cusano Gary and Cusano Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,400
Interest Rate
6.82%
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

Date Type Sale Price Title Company
Gift Deed -- None Listed On Document
Grant Deed $900,000 Fidelity National Title
Grant Deed $915,000 Chicago Title Company
Grant Deed $742,000 Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title Comp
Grant Deed $660,000 Fidelity National Title Comp
Grant Deed $196,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $111,505 FHA
Previous Owner $883,698 FHA
Previous Owner $75,000 Credit Line Revolving
Previous Owner $500,000 Negative Amortization
Previous Owner $236,000 Unknown
Previous Owner $48,900 No Value Available
Previous Owner $176,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 For Sale $1,229,000 +36.6% $446 / Sq Ft
09/08/2020 09/08/20 Sold $900,000 -9.5% $327 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
05/14/2020 05/14/20 Price Changed $995,000 -9.1% $361 / Sq Ft
05/14/2020 05/14/20 For Sale $1,095,000 0.0% $397 / Sq Ft
03/30/2020 03/30/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $1,095,000 +19.7% $397 / Sq Ft
04/28/2017 04/28/17 Sold $915,000 -4.2% $332 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
09/12/2016 09/12/16 For Sale $955,000 0.0% $347 / Sq Ft
09/12/2016 09/12/16 Price Changed $955,000 +4.4% $347 / Sq Ft
08/26/2016 08/26/16 Off Market $915,000 -- --
07/25/2016 07/25/16 For Sale $959,000 +29.2% $348 / Sq Ft
12/22/2014 12/22/14 Sold $742,000 0.0% $269 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
11/17/2014 11/17/14 For Sale $742,000 -- $269 / 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 $16,465 $1,324,000 $794,000 $530,000
2023 $11,812 $936,360 $561,816 $374,544
2022 $11,274 $918,000 $550,800 $367,200
2021 $11,130 $900,000 $540,000 $360,000
2020 $12,202 $971,004 $742,845 $228,159
2019 $11,728 $951,966 $728,280 $223,686
2018 $11,564 $933,300 $714,000 $219,300
2016 $9,252 $753,315 $345,185 $408,130
2015 $9,118 $742,000 $340,000 $402,000
2014 $9,354 $735,760 $412,472 $323,288
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-565678

The MLS

APN: 2216-032-014