NOT LISTED FOR SALE

Estimated Value: $726,000 - $1,120,000

5 Beds
5 Baths
3,100 Sq Ft
$296/Sq Ft Est. Value

Last Sold June 11, 2019

Last sale price $705,000 $227 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,814/month

35 Days on Market

About This Home

As of June 2019

Don't miss out on a Bread and Butter income property opportunity! This 4-unit building offers upside rent potential, 2 vacant units upon closing, and separately metered units for gas and electric. Attractive layouts are offered in each of the three 1bd/1 ba units. The top floor 1 bedroom unit will be vacant at closing, and offers wood flooring throughout. The largest unit, also delivered vacant at closing, is a 2 bd/2 ba. Conveniently located in downtown LA, close to shopping, museums, Staples Center, LA Convention Center, USC, 110 and 10 Freeways and LA's Fashion District. Aside from the central location, this property features abundant onsite, gated parking and a newer roof. Please do not disturb tenants. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to permits, rent control, bed/bath count, square footage, legality, etc. No showings w/o accepted offer. Please

Last Agent to Sell the Property

Tressana Alouane

Douglas Elliman License #01519875 Listed on: 03/29/2019

Douglas Elliman

Co-Listed By

Gregory Masi

Compass License #01708321

Last Buyer's Agent

Ben Rafael

Exclusive Realty & Finance License #01206313

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,809

Year Built

  • Built in 1955

Lot Details

  • 6,517

Parking

  • 5 Car Garage

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • 6,517 Sq Ft Lot
  • Baseboard Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5119-030-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,809

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3100
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 225.48

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Private Garage
  • Total Parking: 5

Utilities

  • Heating: Baseboard

Lot Info

  • Assessed Improvement Value: 196212
  • Assessed Land Value: 196321
  • Assessor Parcel Number: 5119-030-018
  • Geocode Override: No
  • Lot Size Area: 6517

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: 4
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2021
Sold by
Gabaie Albert Behel and Gabaie Farideh
Bought by
Gabaie Albert Behel and Gabaie Farideh
Current Estimated Value
$917,175

Purchase Details

Closed on
Mar 12, 2020
Sold by
Gabaie Albert and Gabaie Farideh
Bought by
Gabaie Albert and Gabaie Farideh

Purchase Details

Listed on
Mar 29, 2019
Closed on
May 24, 2019
Sold by
Castro Joel
Bought by
Gabaie Albert and Gabaie Farideh
Seller's Agent
Tressana Alouane
Douglas Elliman
Buyer's Agent
Ben Rafael
Exclusive Realty & Finance
List Price
$699,000
Sold Price
$705,000
Premium/Discount to List
$6,000
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Original Mortgage
$458,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2013
Sold by
Castro Joel and Estate Of Dolores Castro
Bought by
Castro Joel
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gabaie Albert Behel -- None Available
Gabaie Albert -- None Available
Gabaie Albert $705,000 Lawyers Title Company
Castro Joel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabaie Albert $459,000
Closed Gabaie Albert $458,250
Previous Owner Castro Dolores $370,000
Previous Owner Castro Dolores $221,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2019 06/11/19 Sold $705,000 +0.9% $227 / Sq Ft
03/29/2019 03/29/19 For Sale $699,000 -- $225 / 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 $9,809 $786,435 $501,981 $284,454
2024 $9,809 $771,016 $492,139 $278,877
2023 $9,626 $755,899 $482,490 $273,409
2022 $9,189 $741,079 $473,030 $268,049
2021 $9,067 $726,549 $463,755 $262,794
2019 $5,237 $408,389 $204,251 $204,138
2018 $5,106 $400,383 $200,247 $200,136
2016 $4,854 $384,837 $192,472 $192,365
2015 $4,786 $379,057 $189,581 $189,476
2014 $4,825 $371,633 $185,868 $185,765
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-449184

The MLS

APN: 5119-030-018