NOT LISTED FOR SALE

1400 W 37th Place Los Angeles, CA 90018

Exposition Park Neighborhood

Estimated Value: $1,325,000 - $1,430,000

8 Beds
4 Baths
3,736 Sq Ft
$369/Sq Ft Est. Value

Last Sold December 08, 2015

Last sale price $727,000 $195 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $8,066/month

5 Days on Market

Highlights

  • Gated Parking
  • Balcony
  • Carpet
  • Corner Lot
  • Ceiling Fan

About This Home

As of December 2015

Investors 4 units NO RENT CONTROL serious seller. Built 1984. High rents, well kept with low maintenance property. Family neighborhood. All 2 bds/1ba, washer/dryer hookups, patios, balconies & 8 car spaces. Historic West Adams revitalized neighborhood near USC, Metro Line and freeway. Drive By ONLY do not disturb occupants

Last Agent to Sell the Property

GAIL MERCEDES COLE

The Hills Premier Realty License #00788828 Listed on: 11/10/2015

Last Buyer's Agent

GAIL MERCEDES COLE

The Hills Premier Realty License #00788828 Listed on: 11/10/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,679

Year Built

  • Built in 1984

Lot Details

  • 5,588 Sq Ft Lot
  • Corner Lot

Home Design

  • Stucco

Interior Spaces

  • 3,736 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Carpet
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Gated Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Additional Features

  • Balcony
  • City Lot

Community Details

  • 140 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5041-029-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,679

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Other
  • Living Area: 3736
  • Probate: No
  • Stories: 2
  • Year Built: 1984
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Cable
  • Price Per S Q F T: 187.37

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 8

Utilities

  • Cooling: Ceiling Fan
  • Electric Expense: 1600.00
  • Heating: Wall Gas
  • Water Expense: 1600.00

Fee Information

  • Insurance Expense: 400.00
  • Trash Expense: 200.00

Lot Info

  • Assessed Improvement Value: 236595
  • Assessed Land Value: 354898
  • Assessor Parcel Number: 5041-029-034
  • Geocode Override: No
  • Lot Location: Alley Access, City, Corner Lot
  • Lot Size Area: 5588

Rental Info

  • Total Actual Rent: 60000.00
  • Land Lease Type: Fee
  • Lease Per Month Year: Month

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.66
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 5000.00
  • Type Of Units: rental
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 6250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2021
Sold by
Zahir Roya
Bought by
Zahir Farid
Current Estimated Value
$1,299,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$681,000
Outstanding Balance
$611,854
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$768,374

Purchase Details

Listed on
Nov 10, 2015
Closed on
Dec 15, 2015
Sold by
Fz Investment Inc
Bought by
Zahir Farid
Seller's Agent
GAIL MERCEDES COLE
The Hills Premier Realty
Buyer's Agent
GAIL MERCEDES COLE
The Hills Premier Realty
List Price
$700,000
Sold Price
$727,000
Premium/Discount to List
$27,000
3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$500,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Listed on
Nov 10, 2015
Closed on
Nov 25, 2015
Sold by
Davidson Render B
Bought by
Fzinvestment Inc
Seller's Agent
GAIL MERCEDES COLE
The Hills Premier Realty
Buyer's Agent
GAIL MERCEDES COLE
The Hills Premier Realty
List Price
$700,000
Sold Price
$727,000
Premium/Discount to List
$27,000
3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 25, 2004
Sold by
Casarez Rosa
Bought by
Davidson Render B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1999
Sold by
Laines Cami
Bought by
Evans Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,007
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 11, 1998
Sold by
Delphine Group Llc
Bought by
Casarez Rosa and Casarez Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,007
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 12, 1998
Sold by
Evans Donald
Bought by
Delphine 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
$298,007
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 1998
Sold by
Federal National Mortgage Association
Bought by
Evans Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.07%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 19, 1998
Sold by
Underwood Lindval and Federal National Mortgage Asso
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 4, 1996
Sold by
Underwood Lindval and Underwood Sylvia
Bought by
American Bonding Company
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
Zahir Farid -- Provident Title Company
Zahir Farid -- None Available
Fzinvestment Inc $727,000 Equity Title Company
Davidson Render B $500,000 Fidelity Van Nuys
Evans Donald -- --
Casarez Rosa $300,000 --
Delphine Group Llc -- United Title
Delphine Group Llc -- United Title Company
Evans Donald $170,000 Continental Title
Federal National Mortgage Association $210,000 --
American Bonding Company $60,313 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zahir Farid $681,000
Closed Zahir Farid $700,000
Previous Owner Fzinvestment Inc $500,000
Previous Owner Davidson Render B $400,000
Previous Owner Casarez Rosa $298,007
Previous Owner Evans Donald $195,000
Closed Evans Donald $10,000
Closed Davidson Render B $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2015 12/08/15 Sold $727,000 +3.9% $195 / Sq Ft
11/15/2015 11/15/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $700,000 -- $187 / 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 $10,679 $860,614 $603,734 $256,880
2024 $10,679 $843,741 $591,897 $251,844
2023 $10,482 $827,198 $580,292 $246,906
2022 $10,009 $810,979 $568,914 $242,065
2021 $9,870 $795,078 $557,759 $237,319
2020 $9,966 $786,926 $552,040 $234,886
2019 $9,582 $771,497 $541,216 $230,281
2018 $9,478 $756,370 $530,604 $225,766
2017 $9,278 $741,540 $520,200 $221,340
2016 $9,040 $727,000 $510,000 $217,000
2015 $7,426 $591,493 $354,898 $236,595
2014 $7,475 $579,908 $347,947 $231,961
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    GAIL MERCEDES COLE

    The Hills Premier Realty

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Map

Source: The MLS

MLS Number: 15-958039

The MLS

APN: 5041-029-034

California Los Angeles County Los Angeles 90007 Exposition Park

1400 W 37th Place, Los Angeles, CA

This home is located at 1400 W 37th Place, Los Angeles, CA 90018 since 10 November 2015 and is currently estimated at $1,380,228, approximately $369 per square foot. This property was built in 1984. 1400 W 37th Place is a home located in Los Angeles County with nearby schools including Lenicia B. Weemes Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

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