NOT LISTED FOR SALE

1532 S Cloverdale Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,146,000 - $1,479,496

7 Beds
4 Baths
3,063 Sq Ft
$434/Sq Ft Est. Value

Last Sold November 18, 2015

Last sale price $885,000 $289 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $8,055/month

Highlights

  • Traditional Architecture
  • Accessible Parking
  • Paved or Partially Paved Lot
  • Cooling System Mounted To A Wall/Window
  • Privacy Fence
  • Carpet

About This Home

As of November 2015

No rent control. Building was moved on the site from another location. All Cash offer only. 13.06% Cash-on-cash. Excellent 2-story building north of Venice. Consists of (3) 2+1 and (1) 1+1. Actual income of $67,440. Gated security entrance. The apartments have been recently remodeled. New interior & exterior paint. The property is set on 5,506 sq ft (per assessor) lot. Separately metered for gas and electric. Individual water heaters. Low utility bills. Owner pays for water only. Close to transportation, shopping, and dining. Listing agent has not investigated or verified the information in the offering. Buyer to conduct it's own independent investigation and due diligence.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 09/22/2015

Keller Williams Realty Calabasas

Last Buyer's Agent

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 09/22/2015

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,838

Year Built

  • Built in 1992

Lot Details

  • 5,506 Sq Ft Lot
  • 1 Common Wall
  • Privacy Fence
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Entry on the 2nd floor

Interior Spaces

  • 3,063 Sq Ft Home
  • 2-Story Property
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gravity Heating System
  • Water Heater

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 1740
  • Assessor Parcel Number 5070014024

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Water Sewer Expense $2,400
  • New Taxes Expense $11,188
  • Gross Income $5,620
  • Net Operating Income $51,752

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,838

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5070014024
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 288.93

Exterior Features

  • Fencing: Privacy
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Water Heater
  • Heating Type: Gravity, Wall Furnace
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 5506.00
  • Price Per Lot Square Foot: 160.73
  • Lot Size Acres: 0.1260

Multi Family

  • Gross Income: 5620.00
  • Gross Scheduled Income: 67440.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5506.0000 Square Feet
  • Net Operating Income: 51752.00
  • 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: 15688.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11188.00
  • Tax Lot: 24
  • Tax Tract Number: 1740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2015
Closed on
Oct 8, 2015
Sold by
Johnson Monique E
Bought by
Bbb Home Llc
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
Anie Mayelian
Keller Williams Realty Calabasas
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%
Current Estimated Value
$1,327,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$442,874
Avg. Annual Appreciation
4.16%

Purchase Details

Closed on
Dec 26, 2003
Sold by
Johnson Monique E
Bought by
Johnson Monique E and Jolla Johnson Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2003
Sold by
Jolla Johnson Brenda L
Bought by
Johnson Monique E

Purchase Details

Closed on
Dec 14, 1999
Sold by
Johnson Brenda L
Bought by
Jolla Johnson Brenda L and Brenda L Jolla Johnson Living Trust
Source: Public Records

Range of Values:

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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
Bbb Home Llc $885,000 First American Title
Johnson Monique E -- Financial Title Company
Johnson Monique E -- --
Jolla Johnson Brenda L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Monique E $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2015 11/18/15 Sold $885,000 -1.1% $289 / Sq Ft
09/24/2015 09/24/15 Pending -- -- --
09/22/2015 09/22/15 For Sale $895,000 -- $292 / 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 $12,838 $1,047,654 $662,686 $384,968
2024 $12,838 $1,027,113 $649,693 $377,420
2023 $12,597 $1,006,974 $636,954 $370,020
2022 $12,023 $987,230 $624,465 $362,765
2021 $11,865 $967,873 $612,221 $355,652
2019 $11,516 $939,167 $594,063 $345,104
2018 $11,386 $920,753 $582,415 $338,338
2016 $10,876 $885,000 $559,800 $325,200
2015 $4,682 $365,291 $180,083 $185,208
2014 $4,724 $358,137 $176,556 $181,581
Source: Public Records

Agents Affiliated with this Home

  • Anie Mayelian

    Seller's Agent in 2015

    Anie Mayelian

    Keller Williams Realty Calabasas

    (818) 915-9118

    2 in this area

    29 Total Sales

    Anie Mayelian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15209045

California Regional Multiple Listing Service (CRMLS)

APN: 5070-014-024

California Los Angeles County Los Angeles 90019 Mid-City

1532 S Cloverdale Ave, Los Angeles, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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