NOT LISTED FOR SALE
13 Beds
12 Baths
7,061 Sq Ft
9,600 Sq Ft Lot

Last Sold December 20, 2021

Last sale price $2,500,000 $354 Per Sq Ft

15 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • No HOA
  • Ramona Elementary School Rated A-
  • Granite Countertops
  • Living Room

About This Home

As of December 2021

Great Location for this newer 6 unit well maintained building located 1/2 block from busy Valley Blvd. and Garfield Ave. Walk to bus, dining, & banking. Also close to elementary school. All bathrooms remodeled last year and roof replaced in 2018. Property fully occupied with all rentals paying as scheduled during pandemic without any rental subsidies. Freeway close to downtown L. A., U.S.C. Medical School, and CSULA.

Last Agent to Sell the Property

Mel K H Wong

RE/MAX ELITE REALTY License #00390209 Listed on: 10/31/2021

RE/MAX ELITE REALTY

Co-Listed By

Lan 'Gloria' Xiao

RE/MAX ELITE REALTY License #01937896

Last Buyer's Agent

Jason Guo

Treeline Realty & Investment License #01279792

Treeline Realty & Investment

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 9,600 Sq Ft Lot
  • Lot Dimensions are 60x160
  • Two or More Common Walls
  • West Facing Home
  • Block Wall Fence
  • Fence is in good condition
  • Rectangular Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer

Home Design

  • Contemporary Architecture
  • Apartment
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 7,061 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room

Kitchen

  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 12 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Natural Gas Connected
  • Central Water Heater
  • Sewer Paid
  • Phone Connected

Additional Features

  • Doors swing in
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas
  • Legal Lot and Block 2 / 19
  • Tax Tract Number 481
  • Assessor Parcel Number 5357008005
  • $2,441 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Electric Expense $628
  • Fuel Expense $1,233
  • Gardener Expense $480
  • Insurance Expense $3,300
  • Other Expense $18,671
  • Trash Expense $2,254
  • Water Sewer Expense $3,654
  • Operating Expense $11,549
  • Gross Income $125,760
  • Net Operating Income $100,148

Property Details

Home Type

Multi-Family

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Other Phone Description: 6262525668
  • Other Phone Number: 6262489229
  • Price Per Unit: 416667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3654.00
  • Zoning: ALRPD*
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 5357008005
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: Doors - Swing In
  • Door Features: Storm Door(s)
  • Levels: Two
  • Price Per Square Foot: 354.06
  • Room Type: Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block, Good Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater Central
  • Electric: 220 Volts
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 2254.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Sprinklers In Front, Sprinklers Timer
  • Lot Size: 60x160
  • Lot Size Sq Ft: 9600.00
  • Lot Size Acres: 0.2204

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas

Multi Family

  • Electric Expense: 628.00
  • Fuel Expense: 1233.00
  • Gross Income: 125760.00
  • Gross Scheduled Income: 130368.00
  • Insurance Expense: 3300.00
  • Lot Size Area: 9600.0000 Square Feet
  • Net Operating Income: 100148.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 30220.00
  • Other Expense: 18671.00
  • Other Expense Description: Ppty tax
  • Rent Control: Yes
  • Total Actual Rent: 125760.00
  • Total Expenses: 11549.00

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 4816.06
  • Tax Lot: 2
  • Tax Tract Number: 481...
  • TaxOtherAnnualAssessmentAmount: 2441.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $2,500,000 0.0% $354 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/11/2021 11/11/21 Price Changed $2,500,000 -16.7% $354 / Sq Ft
10/31/2021 10/31/21 For Sale $3,000,000 -- $425 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21239273

California Regional Multiple Listing Service (CRMLS)