NOT LISTED FOR SALE

Estimated Value: $1,724,703

4 Beds
3 Baths
2,484 Sq Ft
$694/Sq Ft Est. Value

Sale Details

Date Sold: January 8, 2024

Last sale price $1,495,000 $602 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $10,673 / mo

16 Days on Market

Highlights

  • Quartz Countertops
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • No HOA
  • Accessible Parking
  • 1-Story Property

About This Home

As of January 2024

This south of Ventura Blvd property provides an incredible opportunity for an owner/user or investor. Three free-standing well-maintained units with upgrades and upside potential for increased rents or even possible future redevelopment. Two 2+1 and one studio. One unit will be delivered vacant.
All three units are freestanding with no common walls.
The total sq ft of the three structures is 2484 and the lot size is 6726 with RD1.5 zoning.
The front unit, on Dickens Street, has two bedrooms, den and one bath with a remodeled kitchen and inside laundry. There are two parking spaces in the front driveway. The middle unit also has two bedrooms and one bath with a remodeled kitchen and inside laundry. There is a two-car tandem space off the alley in the back for this unit. The rear unit is on the alley and is a freestanding studio. It also has a two-car tandem parking space off the alley.
All units are separately metered for gas and electric. The front and middle units have central air and heat, the back unit has a window air conditioner. All three properties have newer electrical panels. The middle unit has a newer roof, approximately 2 to 3 years old.
Units one and three have new water heaters.
The first unit is vacant with a probable rent amount between $2800 and $3000 per month.
Unit two is currently paying approximately $2250 a month, and the back unit is paying approximately $1200 per month.

Last Agent to Sell the Property

Jill Fischer

The One Luxury Properties License #00907458 Listed on: 11/13/2023

Last Buyer's Agent

Zach Sklar

The ONE Luxury Properties License #01453593

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,726 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,484 Sq Ft Home
  • 1-Story Property
  • Den with Fireplace
  • Laminate Flooring
  • Quartz Countertops
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

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

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 217
  • Tax Tract Number 5822
  • Assessor Parcel Number 2276001024
  • $475 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $2,700
  • Other Expense $17,000
  • Trash Expense $400
  • Water Sewer Expense $2,200
  • Operating Expense $5,300
  • Net Operating Income $55,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

6,726 Sq Ft Lot

Listing Details

  • CapRate: 3.60
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 2200.00
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2276001024
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Quartz Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Entry Level: 1
  • Fireplace Features: Den
  • Levels: One
  • Price Per Square Foot: 601.85
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Paved, Off Street
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6726.00
  • Lot Size Acres: 0.1544

Multi Family

  • Gross Scheduled Income: 77280.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 6726.0000 Square Feet
  • Net Operating Income: 55000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 22300.00
  • Other Expense: 17000.00
  • Other Expense Description: prop tax
  • Rent Control: Yes
  • Total Expenses: 5300.00

Tax Info

  • Tax Census Tract: 1413.04
  • Tax Lot: 217
  • Tax Tract Number: 5822
  • TaxOtherAnnualAssessmentAmount: 475.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2024
Sold by
Bought by
Current Estimated Value
$1,724,703

Purchase Details

Listed on
Nov 13, 2023
Closed on
Dec 18, 2023
Sold by
Bought by
Seller's Agent
Jill Fischer
The One Luxury Properties
Buyer's Agent
Zach Sklar
The ONE Luxury Properties
List Price
$1,495,000
Sold Price
$1,495,000
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$1,117,500
Interest Rate
7.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2014
Sold by
Bought by

Purchase Details

Closed on
May 3, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,495,000 Chicago Title Company
$1,195,011 Title 365
-- None Available
$1,000,000 United Title
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,117,500
Previous Owner $900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $1,495,000 0.0% $602 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
11/13/2023 11/13/23 For Sale $1,495,000 -- $602 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,242 $1,495,000 $1,120,000 $375,000
2024 $17,712 $1,436,173 $1,081,640 $354,533
2023 $17,370 $1,408,014 $1,060,432 $347,582
2022 $16,564 $1,380,407 $1,039,640 $340,767
2021 $16,361 $1,353,341 $1,019,255 $334,086
2020 $16,527 $1,339,465 $1,008,804 $330,661
2019 $15,873 $1,313,202 $989,024 $324,178
2018 $15,766 $1,287,454 $969,632 $317,822
2016 $15,075 $1,237,463 $931,981 $305,482
2015 $14,855 $1,218,876 $917,982 $300,894
2014 $11,318 $900,000 $630,000 $270,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23208522

California Regional Multiple Listing Service (CRMLS)

APN: 2276-001-024

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