NOT LISTED FOR SALE

Estimated Value: $1,210,009 - $1,494,000

8 Beds
4 Baths
3,672 Sq Ft
$357/Sq Ft Est. Value

Last Sold January 07, 2021

Last sale price $1,040,000 $283 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $8,292/month

Highlights

  • Georgian Architecture
  • Private Yard
  • Tile Countertops
  • Wood Flooring
  • Wood Frame Window
  • Living Room

About This Home

As of January 2021

This Arlington Heights 4-Plex will be delivered with 2 units vacant at close of escrow. Four spacious 2 bedroom, 1 bath units with a welcoming floor plan, perfect for a first time investor or seasoned investor looking to build their portfolio. Live in 1 unit, and rent out the others! Close to shopping, public transportation, walking distance to Johnnie Cochran Jr Middle School. Minutes to Downtown LA, Exposition Park, Coliseum, & USC.

Last Agent to Sell the Property

Cherry Ng

Keller Williams DTLA License #02093019 Listed on: 10/30/2020

Keller Williams DTLA

Co-Listed By

Frank Parra

Century 21 Masters License #01324312

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,826

Year Built

  • Built in 1947

Lot Details

  • 6,294 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Shared Driveway

Home Design

  • Georgian Architecture
  • Quadruplex
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,672 Sq Ft Home
  • Ceiling Fan
  • Wood Frame Window
  • Window Screens
  • Living Room
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Window Bars
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 29
  • Tax Tract Number 4465
  • Assessor Parcel Number 5072004007

Community Details

Overview

  • 4 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $12,500
  • Operating Expense $16,100
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,826

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s), Window Bars
  • Subdivision Name Other: Arlington Heights
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR3
  • Architectural Style: Georgian
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5072004007
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Price Per Square Foot: 283.22
  • Room Type: Kitchen, Living Room
  • Window Features: Screens, Wood Frames

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Paved, Garage, Garage - Two Door, Shared Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped, Level with Street, Rectangular Lot, Yard
  • Lot Size Sq Ft: 6294.00
  • Lot Size Acres: 0.1445

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6294.0000 Square Feet
  • Net Operating Income: 27600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 3600.00
  • Rent Control: Yes
  • Total Actual Rent: 15600.00
  • Total Expenses: 16100.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Census Tract: 2181.10
  • Tax Lot: 29
  • Tax Tract Number: 4465

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Dec 11, 2020
Sold by
Kikuchi Jean and Yamamoto Carol
Bought by
Kim Lawrence and Song Seulki
Seller's Agent
Cherry Ng
Keller Williams DTLA
List Price
$999,000
Sold Price
$1,040,000
Premium/Discount to List
$41,000
4.1%
Current Estimated Value
$1,310,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,252
Avg. Annual Appreciation
4.43%
Original Mortgage
$624,000
Outstanding Balance
$558,196
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$713,421

Purchase Details

Closed on
Dec 4, 2010
Sold by
Kubomoto Natsuko
Bought by
Kubomoto Natsuko and Kikuchi Jean
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
Kim Lawrence $1,040,000 Chicago Title Company
Kubomoto Natsuko -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Lawrence $624,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2021 01/07/21 Sold $1,040,000 +4.1% $283 / Sq Ft
11/16/2020 11/16/20 For Sale $999,000 -3.9% $272 / Sq Ft
11/09/2020 11/09/20 Off Market $1,040,000 -- --
10/30/2020 10/30/20 For Sale $999,000 -3.9% $272 / Sq Ft
10/09/2020 10/09/20 Off Market $1,040,000 -- --
09/19/2020 09/19/20 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 $13,826 $1,125,727 $757,701 $368,026
2024 $13,826 $1,103,655 $742,845 $360,810
2023 $13,567 $1,082,016 $728,280 $353,736
2022 $12,950 $1,060,800 $714,000 $346,800
2021 $13,074 $1,072,200 $911,370 $160,830
2020 $13,203 $1,061,207 $902,026 $159,181
2019 $12,687 $1,040,400 $884,340 $156,060
2018 $12,527 $1,020,000 $867,000 $153,000
2016 $1,099 $69,326 $21,717 $47,609
2015 $1,087 $68,285 $21,391 $46,894
2014 $1,113 $66,948 $20,972 $45,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20197190

California Regional Multiple Listing Service (CRMLS)

APN: 5072-004-007