NOT LISTED FOR SALE

Estimated Value: $2,308,000 - $3,506,000

8 Beds
5 Baths
5,301 Sq Ft
$515/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $2,860,000 $540 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $17,407/month

13 Days on Market

Highlights

  • Victorian Architecture
  • 4 Car Garage
  • Forced Air Heating System
  • Third Street Elementary School Rated A
  • Air Conditioning

About This Home

As of April 2022

New to market is the beautiful Victorian 4Plex located on a quiet treelined street one block east of La Brea. The offering consists of Two 2bed/1.5bath townhomes, each newly renovated with luxury finishes including but not limited to quartz countertops, new gas ranges, farm sinks, and drop down hoods. These spacious units have the perfect blend of 1920's character through the large living areas, original wood floors, and art-deco wall inlays, and modern finishes included in the new kitchens and bathrooms. The property also consists of two 2bed/1bath apartments that also have been recently renovated with upgrades to the flooring and kitchens. All 4 units have their own in-unit washer/dryer. All tenants can enjoy relaxing or eating on the patio table in the spacious backyard. Each unit comes with one private secure automatic garage parking space. Additionally, over the past couple years, Landlord has made upgrades to the sewer, electrical systems, plumbing, gas lines, and a new roof. Tenants pay individually metered electricity and gas while landlord pays for common water. 3 out of 4 units currently rented. This neighborhood has very low vacancy and tons of amazing shopping and retail nearby including Sugarfish, Sweetgreen, Bluestone Lane, and many more! Offering memorandum attached in "Documents."

Last Agent to Sell the Property

Brad Stone

Stone-Miller License #00784115 Listed on: 03/08/2022

Last Buyer's Agent

Brad Stone

Stone-Miller License #00784115 Listed on: 03/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,423

Year Built

  • Built in 1936

Lot Details

  • 7,504 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Victorian Architecture

Interior Spaces

  • 5,301 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer Hookup

Home Security

  • Window Bars
  • Security Lights

Utilities

  • Air Conditioning
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 5513-018-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,423

Year Built

Built in 1936

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Victorian
  • Street Number Display: Yes
  • Living Area: 5301
  • Lot Acreage: 0.1723
  • Stories: 2
  • Year Built: 1936
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: In Unit
  • Total Bathrooms: 5.00
  • Equipment: Stackable W/D Hookup, Range/Oven, Refrigerator, Garbage Disposal
  • Price Per S Q F T: 518.77

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Forced Air
  • Security: Exterior Security Lights, Window Bars
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 5513-018-026
  • Lot Size Area: 7504

Rental Info

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

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2024
Sold by
Selway Philip Hamilton
Bought by
King Ronald Warren
Current Estimated Value
$2,732,325

Purchase Details

Listed on
Mar 8, 2022
Closed on
Apr 18, 2022
Sold by
Roe & Roe Inc
Bought by
Selway Philip Hamilton and King Ronald Warren
Seller's Agent
Brad Stone
Stone-Miller
Buyer's Agent
Brad Stone
Stone-Miller
List Price
$2,750,000
Sold Price
$2,860,000
Premium/Discount to List
$110,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.29%
Original Mortgage
$2,288,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2022
Closed on
Apr 5, 2022
Sold by
Roe & Roe Inc
Bought by
Selway Philip Hamilton and King Ronald Warren
Seller's Agent
Brad Stone
Stone-Miller
Buyer's Agent
Brad Stone
Stone-Miller
List Price
$2,750,000
Sold Price
$2,860,000
Premium/Discount to List
$110,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,288,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 7, 2019
Closed on
Apr 23, 2020
Sold by
Silva Anthony Jacob
Bought by
Roe & Roe Inc
Seller's Agent
Daniel Corcoran
Corcoran Group of California Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,599,000
Sold Price
$2,439,000
Premium/Discount to List
-$160,000
-6.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.60%

Purchase Details

Closed on
May 1, 1997
Sold by
Walter G Jackson Trust and Paul
Bought by
Silva Anthony Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,400
Interest Rate
2.82%
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
King Ronald Warren -- Accommodation/Courtesy Recordi
Selway Philip Hamilton $2,860,000 Stewart Title Of California In
Selway Philip Hamilton $2,860,000 Stewart Title Of California In
Roe & Roe Inc $2,439,000 First Aemrican Title
Silva Anthony Jacob $548,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Selway Philip Hamilton $2,288,000
Previous Owner Selway Philip Hamilton $2,288,000
Previous Owner Silva Anthony Jacob $438,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2022 04/18/22 Sold $2,860,000 +4.0% $540 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $2,750,000 +12.8% $519 / Sq Ft
05/14/2020 05/14/20 Sold $2,439,000 -4.3% $460 / Sq Ft View Prior Sale
03/25/2020 03/25/20 Price Changed $2,549,000 -1.9% $481 / Sq Ft
03/15/2020 03/15/20 For Sale $2,599,000 0.0% $490 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $2,599,000 0.0% $490 / Sq Ft
02/23/2020 02/23/20 Pending -- -- --
01/25/2020 01/25/20 Price Changed $2,599,000 -1.9% $490 / Sq Ft
11/04/2019 11/04/19 Price Changed $2,649,000 -3.7% $500 / Sq Ft
10/06/2019 10/06/19 Price Changed $2,749,500 -1.6% $519 / Sq Ft
09/24/2019 09/24/19 Price Changed $2,795,000 -3.5% $527 / Sq Ft
09/07/2019 09/07/19 For Sale $2,895,000 -- $546 / 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 $36,423 $2,423,520 $1,734,000 $689,520
2024 $36,423 $2,975,544 $2,184,840 $790,704
2023 $35,718 $2,917,200 $2,142,000 $775,200
2022 $30,020 $2,513,552 $1,855,020 $658,532
2021 $29,641 $2,464,268 $1,818,648 $645,620
2020 $10,469 $816,088 $446,764 $369,324
2019 $10,071 $800,087 $438,004 $362,083
2018 $9,967 $784,400 $429,416 $354,984
2016 $9,492 $753,943 $412,743 $341,200
2015 $9,358 $742,619 $406,544 $336,075
2014 $9,412 $728,073 $398,581 $329,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-134335

The MLS

APN: 5513-018-026