NOT LISTED FOR SALE

1433 Meadowbrook Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,130,000 - $1,758,000

5 Beds
5 Baths
2,923 Sq Ft
$489/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $850,000 $291 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $8,548/month

About This Home

As of March 2016

Upside Potential !If rents are brought up to market value potential cap rate 8.2% !!! Well Maintained 4-Unit Property , In A Strong Rental Pocket Of Mid-City. Units Have Been Updated Within The Past Year. Separately Metered For Gas & Electric. Low Maintenance Building. Centrally Located Just Minutes Away From Culver City, Beverlywood & Miracle Mile. Great Investment Opportunity

Last Agent to Sell the Property

Ben Salem

Compass License #01367073 Listed on: 03/03/2016

Compass

Last Buyer's Agent

OUT OF AREA TRI COUNTY

OUTSIDE OFFICE License #0555555

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,387

Year Built

  • Built in 1921

Lot Details

  • 6,850 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,923 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 44
  • Tax Tract Number 1740
  • Assessor Parcel Number 5070014045

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $100
  • Gross Income $3,490
  • Net Operating Income $39,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,387

Year Built

Built in 1921

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 5070014045
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 290.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available, Water Available

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 6850.00
  • Price Per Lot Square Foot: 124.09
  • Lot Size Acres: 0.1570

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3490.00
  • Gross Scheduled Income: 41880.00
  • Lot Size Area: 6850.0000 Square Feet
  • Net Operating Income: 39880.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 2000.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 44
  • Tax Tract Number: 1740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2016
Closed on
Feb 11, 2016
Sold by
Koopman Kenneth W
Bought by
Roth Avi M and Roth Brochoh M
Seller's Agent
Ben Salem
Compass
Buyer's Agent
OUT OF AREA TRI COUNTY
OUTSIDE OFFICE
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,428,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,923
Avg. Annual Appreciation
5.57%
Original Mortgage
$680,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2004
Sold by
Koopman Lynette S
Bought by
Koopman Kenneth W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2004
Sold by
Seeram Suresh
Bought by
Koopman Kenneth W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2002
Sold by
Hud
Bought by
Seeram Suresh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.99%

Purchase Details

Closed on
Jan 31, 2001
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jun 26, 2000
Sold by
Melgar Froilan
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
May 20, 1999
Sold by
Cogo Richard M
Bought by
Melgar Froilan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,013
Interest Rate
7.24%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 1998
Sold by
Social Awareness For Everyone Inc
Bought by
Cogo Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,420
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 1996
Sold by
Great Western Bank Fsb
Bought by
Social Awareness For Everyone Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,900
Interest Rate
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 1996
Sold by
Banegas Antonio and Great Western Bank Fsb
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Roth Avi M $850,000 Progressive Title
Koopman Kenneth W -- Equity Title Company
Koopman Kenneth W $699,000 Equity Title Company
Seeram Suresh $350,000 First Southwestern Title Co
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $298,651 First American Title
Melgar Froilan $274,000 Chicago Title Co
Cogo Richard M $239,000 Chicago Title Co
Social Awareness For Everyone Inc $146,000 Chicago Title Co
Great Western Bank Fsb $142,936 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roth Avi M $680,000
Previous Owner Koopman Kenneth W $559,200
Previous Owner Seeram Suresh $280,000
Previous Owner Melgar Froilan $271,013
Previous Owner Cogo Richard M $230,420
Previous Owner Social Awareness For Everyone Inc $201,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2016 03/31/16 Sold $850,000 0.0% $291 / Sq Ft
03/03/2016 03/03/16 For Sale $850,000 -- $291 / Sq Ft
02/04/2016 02/04/16 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,387 $1,006,222 $651,086 $355,136
2024 $12,387 $986,493 $638,320 $348,173
2023 $12,156 $967,151 $625,804 $341,347
2022 $11,605 $948,188 $613,534 $334,654
2021 $11,453 $929,597 $601,504 $328,093
2020 $11,567 $920,066 $595,337 $324,729
2019 $11,118 $902,026 $583,664 $318,362
2018 $10,975 $884,340 $572,220 $312,120
2016 $10,277 $839,523 $660,571 $178,952
2015 $10,128 $826,913 $650,649 $176,264
2014 $10,182 $810,716 $637,904 $172,812
Source: Public Records

Agents Affiliated with this Home

  • Ben Salem

    Seller's Agent in 2016

    Ben Salem

    Compass

    (310) 773-6141

    2 in this area

    67 Total Sales

    Ben Salem
    Section Image

  • O

    Buyer's Agent in 2016

    OUT OF AREA TRI COUNTY

    OUTSIDE OFFICE

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16017457

California Regional Multiple Listing Service (CRMLS)

APN: 5070-014-045

California Los Angeles County Los Angeles 90019 Mid-City

1433 Meadowbrook Ave, Los Angeles, CA

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