NOT LISTED FOR SALE

Estimated Value: $1,358,000 - $2,371,798

2 Beds
1 Bath
3,536 Sq Ft
$491/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $1,670,000 $472 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,038/month

216 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Laundry Room
  • Abraham Lincoln High School Rated A
  • No HOA
  • Forced Air Heating System

About This Home

As of September 2019

Investor high demand Location. First time eve in 35 yrs. Well maintain income property. All units are long term tenants occupy. All tenants are month to month periodic tenancy. Landlord pay water, sewer, gardener. Tenants pay: Gas, Electric, Trash and Internet. Property is located across the street from USC hospital. Walk in distance to public transportation. Couple miles away from China town and Greater Los Angeles down town. Some neighborhood has been purchased by USC and developed, may have future development by USC. Prime location for USC employee and students. Price includes tenants. Please do not disturb tenants, tenants are not aware of selling. Drive by only, subject to inspection interior, upon seller acceptance of an offer. Thank you for understanding and help. If you have any question, Please contact listing agent.

Last Agent to Sell the Property

David Chan

CHAN INVESTMENT GRP. License #01904887 Listed on: 11/21/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,045

Year Built

  • Built in 1964

Lot Details

  • 6,530 Sq Ft Lot
  • 1 Common Wall
  • Northwest Facing Home
  • Block Wall Fence
  • Chain Link Fence

Home Design

  • Traditional Architecture
  • Apartment
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Asphalt Roof
  • Asphalt
  • Stucco

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 32
  • Tax Tract Number 3630
  • Assessor Parcel Number 5202002012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,300
  • Other Expense $2,000
  • Pest Control $135
  • Water Sewer Expense $2,000
  • New Taxes Expense $1
  • Operating Expense $4,035
  • Gross Income $46,500
  • Net Operating Income $42,465

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,045

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Tenants
  • Other Phone Description: David Chan
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2000.00
  • Zoning: LAR3
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5202002012
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 472.29
  • Window Features: Screens

Exterior Features

  • Direction Faces: Northwest
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Asphalt, Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, On Site
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Pest Control Expense: 135.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Near Public Transit
  • Lot Size Sq Ft: 6530.00
  • Lot Size Acres: 0.1499

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Gross Operating Income: 46500.00
  • Gross Scheduled Income: 46500.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 6530.0000 Square Feet
  • Net Operating Income: 42465.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4035.00
  • Other Expense: 2000.00
  • Rent Control: Yes
  • Total Expenses: 4035.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Census Tract: 2033.00
  • Tax Lot: 32
  • Tax Tract Number: 3630

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2018
Closed on
Sep 10, 2019
Sold by
Chin Patricia and Patricia Chin Living Trust
Bought by
University Of Southern California
Seller's Agent
David Chan
CHAN INVESTMENT GRP.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,669,999
Sold Price
$1,670,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$1,735,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,450
Avg. Annual Appreciation
0.64%

Purchase Details

Closed on
Mar 29, 2002
Sold by
Chin Patricia C
Bought by
Chin Patricia and The Patricia Chin Living Trust
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
University Of Southern California $1,670,000 First American Title Company
Chin Patricia -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2019 09/30/19 Sold $1,670,000 0.0% $472 / Sq Ft
06/25/2019 06/25/19 Pending -- -- --
11/21/2018 11/21/18 For Sale $1,669,999 -- $472 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,045 $1,826,385 $1,093,645 $732,740
2024 $22,045 $1,790,574 $1,072,201 $718,373
2023 $21,619 $1,755,466 $1,051,178 $704,288
2022 $20,615 $1,721,046 $1,030,567 $690,479
2021 $20,358 $1,687,301 $1,010,360 $676,941
2019 $3,402 $245,136 $59,417 $185,719
2018 $3,295 $240,330 $58,252 $182,078
2016 $3,117 $230,999 $55,991 $175,008
2015 $3,076 $227,530 $55,150 $172,380
2014 $3,112 $223,074 $54,070 $169,004
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18279247

California Regional Multiple Listing Service (CRMLS)

APN: 5202-002-012