NOT LISTED FOR SALE

Estimated Value: $1,259,000 - $1,387,000

7 Beds
18 Baths
3,778 Sq Ft
$353/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $1,335,000 $353 Per Sq Ft

Current estimated payment $7,459/month

67 Days on Market

Highlights

  • Wooded Lot
  • Balcony
  • Laundry Room
  • Rockdale Elementary School Rated 9+
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

About This Home

As of August 2024

Unique property in excellent area of Eagle Rock, not far from Occidental College and many great Eagle Rock eateries. Located on two streets, each duplex fronts on a different street, providing for great common area between the two buildings. There are two 2 bedroom units, with one bath each and one 1 bedroom units and one two bedroom unit with 1.5 baths. 50% upside on rents to $129K. LA City rent control

Last Agent to Sell the Property

David Brock

Beven & Brock Property Management Company, Inc Brokerage Email: dave@bevenandbrock.com License #00644454 Listed on: 05/06/2024

Last Buyer's Agent

Pakrad Markarian

Re/Max Optima License #01492345

Re/Max Optima

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,985

Year Built

  • Built in 1952

Lot Details

  • 10,285 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Fence is in average condition
  • No Sprinklers
  • Wooded Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door
  • Parking Lot

Home Design

  • Quadruplex

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 18 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Outdoor Features

  • Balcony
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 65
  • Assessor Parcel Number 5690017007

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,888
  • Insurance Expense $2,383
  • Maintenance Expense $3,845
  • Pest Control $720
  • Professional Management Expense $3,690
  • Trash Expense $435
  • Water Sewer Expense $927
  • New Taxes Expense $18,312
  • Operating Expense $32,200
  • Gross Income $84,205
  • Net Operating Income $52,005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,985

Year Built

Built in 1952

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.50
  • Improvements Percent: 67.00
  • Professional Management Expense: 3690.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 927.00
  • Zoning: R2-1
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1888.00
  • Parcel Number: 5690017007
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: No

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition, Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Parking Space
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Garage, In Kitchen
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 435.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Land Lease: No
  • Land Value Percent: 33.00
  • Lot Features: Lot 10000-19999 Sqft, Treed Lot, Sprinklers None
  • Lot Size Sq Ft: 10285.00
  • Lot Size Acres: 0.2361

Multi Family

  • Gross Income: 84205.00
  • Gross Multiplier: 17.40
  • Gross Operating Income: 84205.00
  • Gross Scheduled Income: 84205.00
  • Insurance Expense: 2383.00
  • Lot Size Area: 10285.0000 Square Feet
  • Maintenance Expense: 3845.00
  • Net Operating Income: 52005.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 32200.00
  • Operating Expense Percent: 38.00
  • Rent Control: Yes
  • Total Actual Rent: 84205.00
  • Total Expenses: 32200.00

Tax Info

  • New Taxes Expense: 18312.00
  • Tax Lot: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Aug 9, 2024
Sold by
Loeffler Murray W and Rodgers Sornanong T
Bought by
Rjp Investment Group Llc
Seller's Agent
David Brock
Beven & Brock Property Management Company, Inc
Buyer's Agent
Pakrad Markarian
Re/Max Optima
List Price
$1,465,000
Sold Price
$1,335,000
Premium/Discount to List
-$130,000
-8.87%
Views
31
Current Estimated Value
$1,333,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,453
Avg. Annual Appreciation
-0.05%
Source: Public Records

Range of Values:

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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
Rjp Investment Group Llc $1,335,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fulmer Orena D $930,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $1,335,000 -7.0% $353 / Sq Ft
07/11/2024 07/11/24 Pending -- -- --
06/05/2024 06/05/24 Price Changed $1,435,000 -2.0% $380 / Sq Ft
05/05/2024 05/05/24 For Sale $1,465,000 -- $388 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $2,985 $1,335,000 $800,000 $535,000
2024 $2,985 $196,319 $65,118 $131,201
2023 $2,938 $192,471 $63,842 $128,629
2022 $2,820 $188,698 $62,591 $126,107
2021 $2,767 $184,999 $61,364 $123,635
2019 $2,695 $179,514 $59,545 $119,969
2018 $2,561 $175,995 $58,378 $117,617
2016 $2,412 $169,162 $56,112 $113,050
2015 $2,382 $166,622 $55,270 $111,352
2014 $2,419 $163,359 $54,188 $109,171
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-17532

Pasadena-Foothills Association of REALTORS®

APN: 5690-017-007