NOT LISTED FOR SALE

Estimated Value: $1,515,000 - $2,027,000

4 Beds
4 Baths
3,523 Sq Ft
$495/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $1,740,000 $494 Per Sq Ft

Current estimated payment $11,324/month

67 Days on Market

Highlights

  • French Architecture
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wood Flooring

About This Home

As of June 2022

French County Fourplex in the fantastic Pico Fairfax Neighborhood Fantastic fourplex building with lots of character. The French Country Architecture construction from 1938 counts with private entrances to each unit, decorative fireplaces, thick crown moldings, dining rooms and Laundry in all units, beautiful hardwood floors and independent garages for each tenant. The property is in the trendy Pico Fairfax area also known as the Picfair neighborhood. The location is so close to all the great places in LA, just minutes to Culver City, the Grove, Beverly Hills, Santa Monica, and Downtown LA. The building delivers a solid 3.5 CAP and 17.8 GRM. This is a very stable well managed asset, with great tenants and nearly market rents. Information deem reliable but not verified. It is up to the buyer to verify all information here contain, including sqft, lot size, zoning, permits and everything else deem necessary. Agents nor seller guarantees accuracy of information. DRIVE BY ONLY! PLEASE DO NOT WALK THROUGH THE PROPERTY! TENANTS DO NOT WANT TO BE DISTURB Thank you

Last Agent to Sell the Property

Carlos Borraez

Keller Williams R. E. Services License #00930706 Listed on: 03/28/2022

Keller Williams R. E. Services

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,149

Year Built

  • Built in 1937

Lot Details

  • 6,994 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • French Architecture
  • Property Attached

Interior Spaces

  • 3,523 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Living Room with Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5068022019

Community Details

Overview

  • 4 Units
  • Not Applicable 105 Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,188
  • Insurance Expense $2,088
  • Maintenance Expense $3,750
  • Pest Control $1,375
  • Water Sewer Expense $4,046
  • New Taxes Expense $19,525
  • Operating Expense $38,274
  • Gross Income $100,212
  • Net Operating Income $61,938

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,149

Year Built

Built in 1937

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Price Per Unit: 443725
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-105
  • Water Sewer Expenses: 4046.00
  • Zoning: LAR3
  • Architectural Style: French
  • Property Type: Residential Income
  • Gardener Expense: 1188.00
  • Parcel Number: 5068022019
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Fireplace Features: Living Room, Decorative
  • Levels: Two
  • Price Per Square Foot: 493.90

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Private
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Forced Air, Natural Gas
  • Pest Control Expense: 1375.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6994.00
  • Lot Size Acres: 0.1606

Multi Family

  • Gross Operating Income: 100212.00
  • Gross Scheduled Income: 100212.00
  • Insurance Expense: 2088.00
  • Lot Size Area: 6994.0000 Square Feet
  • Maintenance Expense: 3750.00
  • Net Operating Income: 61938.00
  • 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: 38274.00
  • Total Actual Rent: 8351.00
  • Total Expenses: 38274.00

Tax Info

  • New Taxes Expense: 19525.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2023
Sold by
Bhasuwongse Kittivech 2001 Revocable Liv
Bought by
Bhasuwongse Kittivech 2001 Revocable Living T
Total Days on Market
67
Current Estimated Value
$1,742,921

Purchase Details

Closed on
Dec 21, 2011
Sold by
Foster Robert W
Bought by
1442 S Fairfax Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2009
Sold by
Foster Robert W
Bought by
1442 S Fairfax Apartments Llc

Purchase Details

Closed on
Sep 25, 2009
Sold by
Monroe Kevin
Bought by
Foster Robert W and Foster Kathrine W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2009
Sold by
Simmons Brian A
Bought by
Foster Kathrine W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2003
Sold by
Huff Patrick D
Bought by
Monroe Kevin and Makunga Sonya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2002
Sold by
Chavez Jose
Bought by
Huff Patrick D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.52%

Purchase Details

Closed on
Feb 14, 2002
Sold by
Hernandez German A
Bought by
Chavez Jose

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
7.04%

Purchase Details

Closed on
Feb 18, 1999
Sold by
Chavez Amparo
Bought by
Chavez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,731
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 9, 1998
Sold by
Chavez Amparo
Bought by
Chavez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,698
Interest Rate
6.97%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 1997
Sold by
Green Harvey
Bought by
Chavez Jose and Hernandez German A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,698
Interest Rate
6.97%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 11, 1996
Sold by
Wolfe Elizabeth
Bought by
Brador Ltd Partnership
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
Bhasuwongse Kittivech 2001 Revocable Living T -- --
1442 S Fairfax Apartments Llc -- Stewart Title Of California
Simmons Kathrine W F -- Stewart Title Of California
Foster Robert W -- Stewart Title Of California
1442 S Fairfax Apartments Llc -- None Available
Foster Robert W $910,000 Equity Title
Foster Kathrine W -- Equity Title
Monroe Kevin -- Equity Title
Makunga Sonya -- Equity Title
Monroe Kevin $750,000 Southland Title
Huff Patrick D $460,000 Southland Title
Chavez Jose -- Fidelity National Title Co
Chavez Jose -- North American Title Co
Chavez Jose -- United Title Company
Chavez Jose $213,500 United Title Company
Brador Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foster Robert W $647,500
Previous Owner Foster Robert W $682,500
Previous Owner Makunga Sonya $815,000
Previous Owner Monroe Kevin $600,000
Previous Owner Huff Patrick D $368,000
Previous Owner Chavez Jose $280,000
Previous Owner Chavez Jose $212,731
Previous Owner Chavez Jose $206,698
Closed Huff Patrick D $46,000
Closed Monroe Kevin $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $1,740,000 -2.0% $494 / Sq Ft
03/28/2022 03/28/22 For Sale $1,774,900 -- $504 / Sq Ft
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 $22,149 $1,828,398 $1,471,125 $357,273
2024 $22,149 $1,792,548 $1,442,280 $350,268
2023 $21,935 $1,774,800 $1,428,000 $346,800
2022 $13,546 $1,106,888 $729,819 $377,069
2021 $13,368 $1,085,185 $715,509 $369,676
2019 $12,977 $1,053,000 $694,288 $358,712
2018 $12,872 $1,032,354 $680,675 $351,679
2016 $12,298 $992,269 $654,245 $338,024
2015 $12,122 $977,365 $644,418 $332,947
2014 $12,182 $958,221 $631,795 $326,426
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320009667

California Regional Multiple Listing Service (CRMLS)

APN: 5068-022-019