NOT LISTED FOR SALE

1450 S Sherbourne Dr Los Angeles, CA 90035

Pico-Robertson Neighborhood

Estimated Value: $1,808,000 - $2,136,935

4 Beds
2 Baths
2,991 Sq Ft
$663/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $1,550,000 $518 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $12,646/month

1 Day on Market

About This Home

As of March 2019

Adorable 2 unit apartments in bustling neighborhood. Up side potential. Very Large units
Buyer to Cooperate with Seller's 1031 Exchange.
6,500 sq. ft. R-3 lot with 2 units on beautiful tree lined street.

Last Agent to Sell the Property

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 12/13/2018

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 12/13/2018

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,760

Year Built

  • Built in 1933

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Front Yard
  • Density is 11-15 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 2,991 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 101
  • Tax Tract Number 7385
  • Assessor Parcel Number 4303019018

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,181
  • Fuel Expense $1,823
  • Gardener Expense $650
  • Insurance Expense $1,196
  • Maintenance Expense $4,091
  • Trash Expense $948
  • Water Sewer Expense $1,587
  • New Taxes Expense $16,744
  • Operating Expense $30,670
  • Gross Income $70,296
  • Net Operating Income $36,615

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,760

Year Built

Built in 1933

Lot Details

0

Parking

1

Listing Details

  • CapRate: 2.68
  • Property Attached: No
  • Water Sewer Expenses: 1587.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 650.00
  • Parcel Number: 4303019018
  • Year Built: 1933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 518.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 948.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Front Yard, Level with Street
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Electric Expense: 3181.00
  • Fuel Expense: 1823.00
  • Gross Income: 70296.00
  • Gross Multiplier: 19.92
  • Gross Scheduled Income: 70296.00
  • Insurance Expense: 1196.00
  • Lot Size Area: 6501.0000 Square Feet
  • Maintenance Expense: 4091.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 36615.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 30670.00
  • Operating Expense Percent: 40.00
  • Rent Control: Yes
  • Total Actual Rent: 5858.00
  • Total Expenses: 30670.00
  • Vacancy Allowance: 2109
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16744.00
  • Tax Area: 0-067
  • Tax Census Tract: 2170.02
  • Tax Lot: 101
  • Tax Tract Number: 7385

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2018
Sold by
Prado Jesse S and Prado Frances B
Bought by
1450 S Sherbourne Drive Llc
Total Days on Market
1
Current Estimated Value
$1,993,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 3, 2017
Sold by
Prado Frances
Bought by
Prado Jesse S and Prado Frances B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$814,500
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2017
Sold by
Prado Jesse S
Bought by
Prado Frances and Prado Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$814,500
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2006
Sold by
Prado Francisca B
Bought by
Prado Jesse S

Purchase Details

Closed on
Sep 10, 2002
Sold by
Prado Jesse
Bought by
Prado Francisca B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
4.99%

Purchase Details

Closed on
Aug 27, 2002
Sold by
Biston Aaron
Bought by
Prado Francisca B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
4.99%

Purchase Details

Closed on
Jul 16, 2001
Sold by
Gersh Carla R
Bought by
Biston Aaron

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
7.37%
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
1450 S Sherbourne Drive Llc $1,550,000 Fidelity National Title
Prado Jesse S -- Accommodation
Prado Frances -- Wfg National Title Company
Prado Jesse S -- None Available
Prado Francisca B -- First American Title Co
Prado Francisca B $695,000 First American Title Co
Biston Aaron $500,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1450 S Sherbourne Drive Llc $1,157,000
Previous Owner 1450 S Sherbourne Drive Llc $1,162,500
Previous Owner Prado Frances $814,500
Previous Owner Prado Jesse S $504,000
Previous Owner Prado Jesse S $620,000
Previous Owner Prado Francisca B $539,000
Previous Owner Prado Francisca B $556,000
Previous Owner Biston Aaron $6,964,500
Previous Owner Biston Aaron $15,800
Previous Owner Biston Aaron $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2019 03/01/19 Sold $1,550,000 +10.7% $518 / Sq Ft
12/14/2018 12/14/18 Pending -- -- --
12/13/2018 12/13/18 For Sale $1,400,000 -- $468 / 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 $20,760 $1,729,049 $1,338,620 $390,429
2024 $20,760 $1,695,147 $1,312,373 $382,774
2023 $20,360 $1,661,910 $1,286,641 $375,269
2022 $19,414 $1,629,324 $1,261,413 $367,911
2021 $19,171 $1,597,378 $1,236,680 $360,698
2020 $20,919 $1,581,000 $1,224,000 $357,000
2019 $10,991 $902,342 $753,038 $149,304
2018 $10,901 $884,650 $738,273 $146,377
2016 $10,410 $850,300 $709,606 $140,694
2015 $10,259 $837,529 $698,948 $138,581
2014 $10,301 $821,124 $685,257 $135,867
Source: Public Records

Agents Affiliated with this Home

  • Michael Millea

    Seller's Agent in 2019

    Michael Millea

    Lyon Stahl Investment Real Estate, Inc.

    (310) 251-2083

    40 Total Sales

    Section Image
  • Micah Hiller

    Buyer Co-Listing Agent in 2019

    Micah Hiller

    Prime Rock Realty

    (310) 280-6417

    18 in this area

    35 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18290820

California Regional Multiple Listing Service (CRMLS)

APN: 4303-019-018

California Los Angeles County Los Angeles 90035 Pico-Robertson

1450 S Sherbourne Dr, Los Angeles, CA

This home is located at 1450 S Sherbourne Dr, Los Angeles, CA 90035 since 13 December 2018 and is currently estimated at $1,982,234, approximately $662 per square foot. This property was built in 1933. 1450 S Sherbourne Dr is a home located in Los Angeles County with nearby schools including Crescent Heights Boulevard Elementary School, Daniel Webster Middle School, and Alexander Hamilton Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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