$635,000
SOLD OCT 31, 2024 RENTED DEC 30, 2024
1 Bed
2 Baths
552 Sq Ft
2,850 Sq Ft Lot

Recently Sold

$1,150 Per Sq Ft

2% Below List Price

1 Day on Market

About This Home

As of October 2024

We are pleased to offer the opportunity to acquire this vacant student housing Single Family Residence, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This 1-bedroom + 1.5-bathroom SFR has been completely updated & remodeled - featuring hardwood floors, stainless steel kitchen appliances, granite counter tops, AC mini-splits, double pane windows, tiled showers with glass enclosures, & an in-unit washer & dryer. The 2,850 SF lot is zoned LAR3, and has a spacious empty detached garage, excellent for an investor to convert into a 4-bedroom + 4-bathroom ADU to further increase cash-flow (about $6,000/month), generating an even higher yield/ net income. Landlord expenses are significantly minimal as the tenants pay for all water, trash, gas & electricity. In addition to its proximity to USC, the property benefits from being walking distance to a Metro Expo Line station offering a short commute to Downtown Los Angeles and the Westside. The property is also nearby to Exposition Park, home of the world-famous LA Coliseum, the new LAFC Stadium and the new George Lucas Museum of Narrative Art. Exposition Park will play host to many key activities and events in the upcoming 2028 LA Olympics.

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 09/02/2024

Keller Williams Hollywood Hills

Last Buyer's Agent

Raj Shah

Pioneer Realty & Investments License #01915603

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,089

Year Built

  • Built in 1922

Lot Details

  • 2,850 Sq Ft Lot
  • Lot Dimensions are 38x66

Interior Spaces

  • 552 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Private Parking

Listing and Financial Details

  • Assessor Parcel Number 5040-022-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,089

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 552
  • Lot Acreage: 0.0654
  • Lot Dimensions: 38x66
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 1
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven, Refrigerator, Dryer, Washer, Freezer, Garbage Disposal
  • Price Per S Q F T: 1175.72

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Garage, Private
  • Total Parking: 2

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 96708
  • Assessed Land Percent: 80
  • Assessed Land Value: 386832
  • Total Assessed Value: 483540
  • Assessor Parcel Number: 5040-022-016
  • Lot Size Area: 2850

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 5.40
  • Number Of Units: 1
  • Total Annual Expense: 12000
  • Type Of Units: SFR
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Aug 29, 2024
Sold by
Av Real Estate Company Llc
Bought by
Addanki Akhil
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Raj Shah
Pioneer Realty & Investments
List Price
$649,000
Sold Price
$632,500
Premium/Discount to List
-$16,500
-2.54%
Views
34
Current Estimated Value
$625,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,612
Avg. Annual Appreciation
0.73%
Original Mortgage
$600,875
Outstanding Balance
$597,213
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$39,105

Purchase Details

Listed on
Jul 15, 2019
Closed on
Sep 13, 2019
Sold by
Berrera Humberto
Bought by
Av Real Estate Company Llc
Seller's Agent
Miguel Minera
CITYWIDE ELITE REALTY
Buyer's Agent
Miguel Minera
CITYWIDE ELITE REALTY
List Price
$460,000
Sold Price
$460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.59%

Purchase Details

Listed on
Feb 19, 2014
Closed on
Apr 28, 2014
Sold by
Malibu Equity Builders Llc
Bought by
Barrera Humberto
Seller's Agent
Juan Gonzalez
No Firm Affiliation
List Price
$255,500
Sold Price
$251,000
Premium/Discount to List
-$4,500
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.89%
Original Mortgage
$189,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 19, 2014
Closed on
Apr 5, 2014
Sold by
Jaimes Teodulo
Bought by
Malibu Equity Builders Llc
Seller's Agent
Juan Gonzalez
No Firm Affiliation
List Price
$255,500
Sold Price
$251,000
Premium/Discount to List
-$4,500
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2011
Sold by
Ushella Giancarlo
Bought by
Malibu Equity Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2011
Sold by
Pena Miguel A and Ayala Margarita
Bought by
Ushella Giancarlo

Purchase Details

Closed on
Jan 27, 2004
Sold by
Cocolan Guadalupe Perez and Cocolan Damian Peraide
Bought by
Pena Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2002
Sold by
Cocolan Guadalupe Perez and Cocolan Damian Peralda
Bought by
Cocolan Damian Peralda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,721
Interest Rate
6.84%

Purchase Details

Closed on
Mar 4, 2002
Sold by
Perez Silvino
Bought by
Cocolan Damian Peraida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,721
Interest Rate
6.84%

Purchase Details

Closed on
Sep 20, 1996
Sold by
Perez Maria Dejesus
Bought by
Perez Silvino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,477
Interest Rate
7.87%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 1996
Sold by
Mendoza Jess E
Bought by
Perez Silvino and Lainez Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,477
Interest Rate
7.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 6, 1994
Sold by
Louis Goldman and Hardin Lillie Mae
Bought by
Mendoza Jess E
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $632,500 Orange Coast Title
Grant Deed $460,000 Provident Title Company
Grant Deed $210,002 Fidelity Sherman Oaks
Quit Claim Deed -- Fidelity
Grant Deed -- None Available
Grant Deed -- Cctn
Grant Deed $169,000 Fidelity Long Beach
Interfamily Deed Transfer -- Fidelity National Title Co
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Gift Deed -- Southland Title Corporation
Grant Deed $85,000 Southland Title Corporation
Trustee Deed $32,593 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,875 New Conventional
Previous Owner $200,000 New Conventional
Previous Owner $260,000 New Conventional
Previous Owner $224,000 New Conventional
Previous Owner $189,000 New Conventional
Previous Owner $93,000 New Conventional
Previous Owner $276,000 Unknown
Previous Owner $220,000 Unknown
Previous Owner $135,200 Purchase Money Mortgage
Previous Owner $170,721 No Value Available
Previous Owner $15,000 Credit Line Revolving
Previous Owner $5,500 Credit Line Revolving
Previous Owner $104,099 Unknown
Previous Owner $84,477 FHA
Closed $33,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Rented $2,500 0.0% --
12/22/2024 12/22/24 Under Contract -- -- --
12/13/2024 12/13/24 Price Changed $2,500 -10.7% $5 / Sq Ft
12/09/2024 12/09/24 For Rent $2,800 0.0% --
10/31/2024 10/31/24 Sold $635,000 +0.4% $1,150 / Sq Ft
09/11/2024 09/11/24 Sold $632,500 -2.5% $1,146 / Sq Ft
09/11/2024 09/11/24 For Sale $649,000 0.0% $1,176 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
09/02/2024 09/02/24 For Sale $649,000 +2.6% $1,176 / Sq Ft
08/26/2024 08/26/24 Off Market $632,500 -- --
08/05/2024 08/05/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $649,000 +41.1% $1,176 / Sq Ft
09/17/2019 09/17/19 Sold $460,000 0.0% $833 / Sq Ft
08/16/2019 08/16/19 Off Market $460,000 -- --
08/11/2019 08/11/19 For Sale $460,000 0.0% $833 / Sq Ft
08/05/2019 08/05/19 Off Market $460,000 -- --
08/05/2019 08/05/19 For Sale $460,000 0.0% $833 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
08/04/2019 08/04/19 Off Market $460,000 -- --
07/20/2019 07/20/19 For Sale $460,000 0.0% $833 / Sq Ft
07/20/2019 07/20/19 Off Market $460,000 -- --
07/15/2019 07/15/19 For Sale $460,000 +83.3% $833 / Sq Ft
04/30/2014 04/30/14 Sold $251,000 -1.8% $455 / Sq Ft
03/14/2014 03/14/14 Pending -- -- --
02/19/2014 02/19/14 For Sale $255,500 -- $463 / 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
2024 $6,089 $493,210 $394,568 $98,642
2023 $5,975 $483,540 $386,832 $96,708
2022 $5,701 $474,060 $379,248 $94,812
2021 $5,630 $464,765 $371,812 $92,953
2019 $2,795 $230,767 $184,615 $46,152
2018 $2,742 $226,244 $180,996 $45,248
2016 $4,927 $217,461 $173,969 $43,492
2015 $2,581 $214,195 $171,356 $42,839
2014 $2,059 $158,817 $122,955 $35,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-434435

The MLS

APN: 5040-022-016