NOT LISTED FOR SALE
7 Beds
7 Baths
5,405 Sq Ft
10,830 Sq Ft Lot

Last Sold November 22, 2017

Last sale price $1,510,000 $279 Per Sq Ft

3 Days on Market

Highlights

  • City Lights View
  • High Ceiling
  • Balcony
  • Mediterranean Architecture
  • Granite Countertops
  • Double Pane Windows

About This Home

As of November 2017

Great opportunity to own a very clean and well maintained 6 Unit Building built in 2006 and NOT subject to Los Angeles Rent Control Ordinance!! Five units are 2 bedroom and one and 1/2 Bathrooms the other unit is One Bedroom 1 Bathroom. All Units have been upgraded with laminate flooring, carpet and vinyl windows with a townhouse feel. All units have individual Tuff shed storage units with 2 parking spaces each and the entire property is gated. Brand new Seven Camera Security Surveillance System with mobile view compatibility. New copper plumbing installed and laundry room on site.

Last Agent to Sell the Property

Vickie McShane

West Shores Realty, Inc. License #01293999 Listed on: 10/09/2017

West Shores Realty, Inc.

Last Buyer's Agent

Vickie McShane

West Shores Realty, Inc. License #01293999 Listed on: 10/09/2017

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • 10,830 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Fence is in fair condition
  • Density is 2-5 Units/Acre

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Raised Foundation
  • Tile Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 5,405 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Sliding Doors
  • Living Room
  • City Lights Views

Kitchen

  • Gas Oven
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Upper Level Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Home Security System
  • Security Lights
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Side by Side Parking
  • Parking Lot
  • Assigned Parking

Accessible Home Design

  • Low Pile Carpeting
  • Accessible Parking

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 325
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347007028

Community Details

Building Details

  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $468
  • Gardener Expense $1,800
  • Insurance Expense $1,534
  • Trash Expense $1,200
  • Water Sewer Expense $1,810
  • New Taxes Expense $17,487
  • Operating Expense $24,299
  • Gross Income $100,392
  • Net Operating Income $72,193

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 2006 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.16
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Security Lights, Security System, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1810.00
  • Zoning: LARD1.5
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 7347007028
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s), Copper Plumbing Full, Granite Counters, High Ceilings, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: Low Pile Carpeting, Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 279.37
  • Room Type: All Bedrooms Up, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage
  • Exterior Features: Lighting
  • View: City Lights
  • Fence: Yes
  • Fencing: Fair Condition, Wrought Iron
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Parking Space, Side by Side

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Community, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10830.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 468.00
  • Gross Income: 100392.00
  • Gross Scheduled Income: 96492.00
  • Insurance Expense: 1534.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 3600.00
  • Net Operating Income: 72193.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Carpet: 4
  • Number With Disposal: 6
  • Number With Patio: 4
  • Number With Range: 6
  • Operating Expense: 24299.00
  • Rent Control: No
  • Total Expenses: 24299.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 17487.00
  • Tax Census Tract: 2932.02
  • Tax Lot: 325
  • Tax Tract Number: 4529

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 List to Sale Price per Sq Ft Prior Sale
11/22/2017 11/22/17 Sold $1,510,000 +7.9% $279 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
10/09/2017 10/09/17 For Sale $1,399,000 +16.6% $259 / Sq Ft
06/15/2015 06/15/15 Sold $1,200,000 -4.0% $222 / Sq Ft View Prior Sale
05/11/2015 05/11/15 Pending -- -- --
03/16/2015 03/16/15 For Sale $1,250,000 -- $231 / 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: SB17231426

California Regional Multiple Listing Service (CRMLS)