NOT LISTED FOR SALE

Estimated Value: $1,769,000 - $1,970,931

6 Beds
3 Baths
3,330 Sq Ft
$562/Sq Ft Est. Value

Last Sold January 20, 2022

Last sale price $1,840,000 $553 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $12,159/month

15 Days on Market

Highlights

  • Wood Flooring
  • Breakfast Area or Nook
  • Living Room
  • Den
  • Bathtub with Shower
  • Open Patio

About This Home

As of January 2022

This outstanding Spanish Revival triplex in the Mid-City neighborhood of Picfair Village provides you with a rare opportunity to own an architectural treasure. This corner property is bathed in an abundance of natural light with a grassy backyard and patio area. The beauty and charm of all three units reflect its quintessential California living. Each unit is comprised of two bedrooms, one bathroom, a spacious living room, and 2 with decorative fireplaces, formal dining rooms, laundry room/closet, and 2 with spacious flex rooms, and well-apportioned kitchens. The top unit has been remodeled with attention to detail and in keeping with the building's architectural period while providing a modern appeal. Brilliant white painted walls and wood flooring throughout unify the space, providing added beauty. This unit also has a veranda perfect for plant and sun lovers alike. The lower unit is vacant and has the potential to be transformed into an amazing home sanctuary for future owners or for realizing market-value rents. The third unit is comprised of a stand-alone building situated over the three covered garage spaces. This spacious unit has a light-filled living room, kitchen with appliances, a dining room with charming period built-ins, laundry closet, and wooden floors throughout. In addition, this gorgeous multi-family unit is centrally located along very popular venues and destinations, such as The Grove, Miracle Mile Corridor, Little Ethiopia, Museum Row, La Brea Tar Pits, and more. This Spanish Revival gem is your golden opportunity to call your own.

Last Agent to Sell the Property

Rena Braud

Compass License #01128549 Listed on: 11/29/2021

Compass

Co-Listed By

Clarke Ball

Pacific Playa Realty License #02115812

Last Buyer's Agent

Michael Telega

Compass License #01973319

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,543

Year Built

  • Built in 1929

Lot Details

  • 7,125

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Triplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,330 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Den
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Open Patio
  • 7,125 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5068-022-033

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,543

Year Built

Built in 1929

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Living Room
  • Living Area: 3330
  • Lot Acreage: 0.1636
  • Probate: Yes
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 35
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 3
  • Number Dishwasher: 2
  • Number Disposal: 3
  • Number Refrigerator: 3
  • Flooring: Hardwood, Carpet, Tile
  • Appliances: Cooktop - Gas, Microwave
  • Bedrooms: 6
  • Bathroom Features: Shower Over Tub
  • Dining Room: 1
  • Family Room: 0
  • Kitchen Features: Remodeled
  • Laundry: Inside, In Unit, Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Dishwasher, Ceiling Fan, Gas Or Electric Dryer Hookup, Hood Fan, Microwave, Washer, Dryer, Range/Oven, Refrigerator
  • Price Per S Q F T: 518.02

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Patio Open
  • Pool: No
  • Roof: Composition, Tile
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking: 3
  • Number Rented Garages: 2
  • Parking Garage: Driveway - Concrete, Garage - 3 Car
  • Total Parking: 3

Utilities

  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Central, Wall Gas
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Security: Carbon Monoxide Detector(s)
  • Sewer: In Street
  • Water: In Street
  • Water Expense: 2500.00
  • Water Heaters: Yes

Association/Amenities

  • Pet Rules: Pets Permitted, Weight Limit

Fee Information

  • Insurance Expense: 2200.00
  • Other Expense: 1500.00

Lot Info

  • Assessed Improvement Percent: 49.74
  • Assessed Improvement Value: 43461
  • Assessed Land Percent: 50.26
  • Assessed Land Value: 43911
  • Total Assessed Value: 87372
  • Assessor Parcel Number: 5068-022-033
  • Lot Size Area: 7125

Rental Info

  • Court Approve: No
  • Total Actual Rent: 4150.00
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 3.00
  • Number Of Units: 3
  • Total Annual Expense: 28963
  • Type Of Units: Triplex
  • Vacancy Rate: 33%

Tax Info

  • Private Transfer Taxes: No
  • Tax Expense: 21563.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Dec 23, 2021
Sold by
Harold Ball
Bought by
Form Venture Partners Llc
Seller's Agent
Rena Braud
Compass
Buyer's Agent
Michael Telega
Compass
List Price
$1,725,000
Sold Price
$1,840,000
Premium/Discount to List
$115,000
6.67%
Current Estimated Value
$1,871,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,483
Avg. Annual Appreciation
0.68%
Original Mortgage
$1,472,000
Outstanding Balance
$1,406,815
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$478,397

Purchase Details

Closed on
Jun 28, 2011
Sold by
Reid Ronald D
Bought by
Reid Ronald D and Reid Rohmi J
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
Form Venture Partners Llc -- Stewart Title Company
Reid Ronald D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Form Venture Partners Llc $1,472,000
Previous Owner Reid Rohmi J $500,000
Previous Owner Reid Rohmi J $500,000
Previous Owner Reid Ronald D $70,000
Previous Owner Reid Ronald $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $1,840,000 +6.7% $553 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $1,725,000 -- $518 / Sq Ft
Source: The MLS

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 $23,543 $1,952,622 $1,379,570 $573,052
2024 $23,543 $1,914,336 $1,352,520 $561,816
2023 $23,091 $1,876,800 $1,326,000 $550,800
2022 $1,546 $90,041 $45,252 $44,789
2021 $1,505 $88,276 $44,365 $43,911
2020 $1,510 $87,992 $43,911 $44,081
2019 $1,470 $86,279 $43,050 $43,229
2018 $1,348 $84,600 $42,206 $42,394
2016 $1,256 $80,720 $40,568 $40,152
2015 $1,242 $79,508 $39,959 $39,549
2014 $1,354 $77,952 $39,177 $38,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-107527

The MLS

APN: 5068-022-033