Seller's Agent in 2020
Carlos Borraez
Keller Williams R. E. Services
(818) 432-3200
2 in this area
20 Total Sales
1451 S Fairfax Ave Los Angeles, CA 90019
Mid-City NeighborhoodEstimated Value: $1,832,000 - $2,424,000
8
Beds
4
Baths
5,168
Sq Ft
$408/Sq Ft
Est. Value
Highlights
- Dumbwaiter
- Spanish Architecture
- Laundry Room
- Wood Flooring
- No HOA
- Central Heating
About This Home
As of December 2020Located in highly coveted Picfair neighborhood, at the edge of Miracle Mile of Los Angeles, just minutes to Culver City, The Grove, Beverly Hills, Santa Monica, and Downtown LA. The Spanish Style building boasts 4 very large 2 bedroom 1 bath units, with great architectural character, all units have laundry, gas fireplace, hardwood floors, tile kitchens, the two upper units have central AC and Heat and 3 out of the four have dishwashers. The building was painted in 2018, and has updated Electrical, the sewer was lined recently, there is no deferred maintenance. This building delivers currently a solid 4.7 Cap and is priced at a reasonable 15.3 GRM. This is a great investment now and in the future.
Last Agent to Sell the Property
Keller Williams R. E. Services License #00930706 Listed on: 08/03/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,696
Year Built
- Built in 1929
Lot Details
- 7,123 Sq Ft Lot
- 1 Common Wall
Home Design
- Spanish Architecture
- Property Attached
- Frame Construction
Interior Spaces
- 5,168 Sq Ft Home
- Free Standing Fireplace
- Gas Fireplace
- Living Room with Fireplace
- Laundry Room
Kitchen
- Dumbwaiter
- Range
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Covered Parking
Utilities
- Central Heating
- Combination Of Heating Systems
Listing and Financial Details
- Assessor Parcel Number 5068017023
Community Details
Overview
- No Home Owners Association
- 4 Units
- Not Applicable 105 Subdivision
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $31,884
- Net Operating Income $90,923
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2020
Closed on
Dec 9, 2020
Sold by
Hoffman Bridget E
Bought by
Hutton Fairfax Llc
Seller's Agent
Carlos Borraez
Keller Williams R. E. Services
Buyer's Agent
Kelley Christine
eXp Realty of California Inc
List Price
$1,949,000
Sold Price
$1,877,250
Premium/Discount to List
-$71,750
-3.68%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,014
Avg. Annual Appreciation
1.03%
Purchase Details
Listed on
Aug 3, 2020
Closed on
Nov 4, 2020
Sold by
Hutton Rif
Bought by
Hoffman Bridget E
Seller's Agent
Carlos Borraez
Keller Williams R. E. Services
Buyer's Agent
Kelley Christine
eXp Realty of California Inc
List Price
$1,949,000
Sold Price
$1,877,250
Premium/Discount to List
-$71,750
-3.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,314,075
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 24, 2020
Sold by
1451 Fairfax Llc
Bought by
Hoffman Bridget E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,314,075
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 21, 2011
Sold by
Foster Robert W and Robert Foster 2000 Trust
Bought by
1451 Fairfax Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$861,250
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 11, 2006
Sold by
Foster Robert W and Robert Foster 2000 Trust
Bought by
1451 Fairfax Llc
Purchase Details
Closed on
Sep 27, 2004
Sold by
Schmieg Richard P
Bought by
Foster Robert W and Bendick Katherine Foster
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 7, 2004
Sold by
Bendick Robert Clarke
Bought by
Bendick Katherine Foster
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 1, 2000
Sold by
Schmieg Jane H
Bought by
Schmieg Richard P
Purchase Details
Closed on
Dec 22, 1998
Sold by
Ravitz Florence E and Ravitz Harry
Bought by
Schmieg Jane H and Schmieg Richard P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.82%
Purchase Details
Closed on
Jun 8, 1998
Sold by
Meadow Esther Family Trust
Bought by
Meadow Marc L and Meadow L Alan
Purchase Details
Closed on
Nov 9, 1996
Sold by
Meadow Esther
Bought by
Meadow Esther and Esther Meadow Family Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hutton Fairfax Llc | -- | Chicago Title | |
| Hoffman Bridget E | -- | Chicago Title Company | |
| Hoffman Bridget E | $1,877,500 | Chicago Title Company | |
| 1451 Fairfax Llc | -- | Stewart Title Of California | |
| Simmons Kathrine W F | -- | Stewart Title Of California | |
| Foster Robert W | -- | Stewart Title Of California | |
| 1451 Fairfax Llc | -- | None Available | |
| Foster Kathrine W | -- | None Available | |
| Foster Robert W | -- | None Available | |
| Foster Robert W | $950,000 | California Title | |
| Bendick Katherine Foster | -- | California Title | |
| Schmieg Richard P | -- | -- | |
| Schmieg Jane H | $230,000 | Old Republic Title Company | |
| Meadow Marc L | -- | -- | |
| Meadow Esther | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hoffman Bridget E | $1,314,075 | |
| Previous Owner | 1451 Fairfax Llc | $826,000 | |
| Previous Owner | Foster Robert W | $861,250 | |
| Previous Owner | 1451 Fairfax Llc | $200,000 | |
| Previous Owner | Foster Robert W | $760,000 | |
| Previous Owner | Schmieg Richard P | $85,000 | |
| Previous Owner | Schmieg Jane H | $184,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/07/2020 12/07/20 | Sold | $1,877,250 | -3.7% | $363 / Sq Ft |
| 09/18/2020 09/18/20 | Pending | -- | -- | -- |
| 08/03/2020 08/03/20 | For Sale | $1,949,000 | -- | $377 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $24,696 | $2,031,722 | $1,423,397 | $608,325 |
| 2024 | $24,696 | $1,991,886 | $1,395,488 | $596,398 |
| 2023 | $24,226 | $1,952,830 | $1,368,126 | $584,704 |
| 2022 | $23,113 | $1,914,540 | $1,341,300 | $573,240 |
| 2021 | $22,815 | $1,877,000 | $1,315,000 | $562,000 |
| 2020 | $15,282 | $1,210,820 | $637,274 | $573,546 |
| 2019 | $14,691 | $1,187,079 | $624,779 | $562,300 |
| 2018 | $14,538 | $1,163,804 | $612,529 | $551,275 |
| 2016 | $13,874 | $1,118,614 | $588,745 | $529,869 |
| 2015 | $13,675 | $1,101,812 | $579,902 | $521,910 |
| 2014 | $13,739 | $1,080,230 | $568,543 | $511,687 |
Source: Public Records
Agents Affiliated with this Home
-
-
K
Buyer's Agent in 2020
Kelley Christine
eXp Realty of California Inc
(310) 702-7214
2 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: 320002626
APN: 5068-017-023
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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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