M
Seller's Agent in 2018
Matt Dunfrund
Lyon Stahl Investment Real Estate, Inc.
1457 W 84th Place Los Angeles, CA 90047
Manchester Square NeighborhoodEstimated Value: $950,000 - $1,026,481
5
Beds
3
Baths
2,363
Sq Ft
$420/Sq Ft
Est. Value
About This Home
As of November 2018Fantastic triplex well-located at 1457 W. 84th Place, just east of Inglewood in the Gramercy Park section of LA. Property features a front duplex with two 2+1 units currently operating as short-term rentals for $2,500/mth each. Typical stays average 1-3 months, and the owner has been renting successfully for years to South Bay tech/aerospace professionals & airline personnel from LAX. Then there's a detached 1+1 home currently rented for $1,000/mth for a total current gross income of $6,000/mth; $72,000/yr. At our $688,000 asking price, the property is priced at: $229,333/unit; a 9.56 current GRM; a 7.73% current CAP, and $291/SF. Assuming 30% down ($206,400) & operating expenses of $15,115/yr, the current cash flow would be approx. $23,066/yr (an 11.18% return). This property provides an investor will stable cash flow in a rapidly appreciating section of LA (90047) that will continue to experience solid rent growth over the coming years once the new Rams/Chargers Stadium & Hollywood Park redevelopment project and the new metro line running with service to LAX are completed. This would also be an attractive owner-user opportunity. The property is conveniently located close to great parks like the St. Andrews Rec Center, and also only a short drive from La Salle Avenue Elementary & Bret Harte Middle. There are a ton of national retailers locally: Ralphs; Chase Bank; Smart & Final; and Superior Grocers. Also a large Kaiser Permanente Hospital only minutes away.
Last Agent to Sell the Property
Matt Dunfrund
Lyon Stahl Investment Real Estate, Inc. License #01785161 Listed on: 10/15/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,494
Year Built
- Built in 1950
Lot Details
- 6,713 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Open Parking Spaces
- 3 Car Garage
- Parking Available
- Assigned Parking
Interior Spaces
- 2,363 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 543
- Tax Tract Number 238200
- Assessor Parcel Number 6034021024
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $827
- Trash Expense $1,200
- Water Sewer Expense $2,400
- New Taxes Expense $8,600
- Operating Expense $15,115
- Gross Income $72,000
- Net Operating Income $53,405
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 28, 2023
Sold by
Brown Lauren E
Bought by
Lauren E Brown Living Trust and Brown
Current Estimated Value
Purchase Details
Listed on
Oct 15, 2018
Closed on
Oct 29, 2018
Sold by
Walker Deborah
Bought by
Brown Lauren E
Seller's Agent
Matt Dunfrund
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Makeba Stallings
Coldwell Banker Realty
List Price
$688,000
Sold Price
$689,000
Premium/Discount to List
$1,000
0.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%
Original Mortgage
$516,750
Interest Rate
4.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 11, 2006
Sold by
Barnes Scott Sr Dennis Dale and Barnes Scott Perrita
Bought by
Walker Deborah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 7, 2000
Sold by
Carruthers Herman Lee
Bought by
Scott Dennis and Scott Perrita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,569
Interest Rate
7.71%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Lauren E Brown Living Trust | -- | None Listed On Document | |
| Brown Lauren E | $689,000 | Fidelity National Title Comp | |
| Walker Deborah | $580,000 | Chicago Title | |
| Scott Dennis | $175,000 | Southland Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Brown Lauren E | $521,000 | |
| Previous Owner | Brown Lauren | $525,000 | |
| Previous Owner | Brown Lauren E | $516,750 | |
| Previous Owner | Walker Deborah | $500,000 | |
| Previous Owner | Walker Deborah | $464,000 | |
| Previous Owner | Scott Dennis Dale | $282,000 | |
| Previous Owner | Scott Dennis Dale | $277,950 | |
| Previous Owner | Scott Dennis | $173,569 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2018 11/30/18 | Sold | $689,000 | +0.1% | $292 / Sq Ft |
| 10/15/2018 10/15/18 | For Sale | $688,000 | -- | $291 / 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 | $9,494 | $768,587 | $545,486 | $223,101 |
| 2024 | $9,494 | $753,518 | $534,791 | $218,727 |
| 2023 | $9,319 | $738,744 | $524,305 | $214,439 |
| 2022 | $8,898 | $724,260 | $514,025 | $210,235 |
| 2021 | $8,780 | $710,060 | $503,947 | $206,113 |
| 2020 | $8,867 | $702,780 | $498,780 | $204,000 |
| 2019 | $8,523 | $689,000 | $489,000 | $200,000 |
| 2018 | $6,925 | $550,000 | $345,700 | $204,300 |
| 2016 | $5,973 | $475,000 | $298,600 | $176,400 |
| 2015 | $5,199 | $410,000 | $257,700 | $152,300 |
| 2014 | $5,334 | $410,000 | $257,700 | $152,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2018
Makeba Stallings
Coldwell Banker Realty
(323) 481-6156
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18251123
APN: 6034-021-024
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