NOT LISTED FOR SALE

1536 W 30th St Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $2,404,000

11 Beds
7 Baths
6,815 Sq Ft
$353/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $1,367,000 $201 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $14,186/month

71 Days on Market

Highlights

  • Craftsman Architecture
  • Laundry Room
  • Wall Furnace

About This Home

As of September 2018

Rare opportunity to own 5 unit investment property, located in the West Adams Historic neighborhood, and the USC rental district. Situated on a 9,927sqft Lot, the 6,815sqft complex boast a great unit mix of four two bedroom units, and one three bedroom. The property has better than one-to-one parking, is separate metered and has onsite laundry with owner owned equipment. This property is updated and very well-maintained, with low operating cost. DRIVE BY ONLY. Please do not disturb occupants. Email LA for OM.

Last Agent to Sell the Property

Chelsea Kyles

Keller Williams Beach Cities License #02006051 Listed on: 05/29/2018

Keller Williams Beach Cities

Last Buyer's Agent

Peter Strauss

Iconic Investments License #01335696

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,236

Year Built

  • Built in 1912

Lot Details

  • 9,927 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • 6,815 Sq Ft Home
  • Craftsman Architecture
  • Property Attached
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 2221
  • Assessor Parcel Number 5040002017

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $350
  • Gardener Expense $1,800
  • Insurance Expense $2,770
  • Water Sewer Expense $2,100
  • New Taxes Expense $7,806
  • Operating Expense $17,142
  • Gross Income $77,232
  • Net Operating Income $60,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,236

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: LAR3
  • Architectural Style: Craftsman
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5040002017
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 200.59

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9927.00

Multi Family

  • Electric Expense: 350.00
  • Gross Income: 77232.00
  • Gross Multiplier: 18.00
  • Gross Scheduled Income: 77232.00
  • Insurance Expense: 2770.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Net Operating Income: 60090.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 17142.00
  • Rent Control: Yes
  • Total Actual Rent: 76632.00
  • Total Expenses: 17142.00

Tax Info

  • New Taxes Expense: 7806.00
  • Tax Census Tract: 2221.00
  • Tax Lot: 16
  • Tax Tract Number: 2221.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 24, 2018
Sold by
Kyles Shawn
Bought by
Iconic Property Ix Llc
Seller's Agent
Chelsea Kyles
Keller Williams Beach Cities
Buyer's Agent
Peter Strauss
Iconic Investments
List Price
$1,695,000
Sold Price
$1,367,000
Premium/Discount to List
-$328,000
-19.35%
Current Estimated Value
$2,404,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,037,000
Avg. Annual Appreciation
8.28%
Original Mortgage
$1,500,000
Outstanding Balance
$1,302,689
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$1,101,311

Purchase Details

Closed on
Feb 12, 2009
Sold by
Anderson Eric V
Bought by
Kyles Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
4.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 5, 2008
Sold by
Anderson Eric V and Anderson Anna Maria
Bought by
Anderson Eric V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2005
Sold by
Anderson Eric V
Bought by
Anderson Eric V and Anderson Anna Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2005
Sold by
Fernandez Vashti Louise
Bought by
Anderson Eric V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2005
Sold by
Anderson Anna M
Bought by
Anderson Eric V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2003
Sold by
Mccord Janet L
Bought by
Anderson Eric V
Source: Public Records

Range of Values:

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Average Value
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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
Iconic Property Ix Llc $1,367,000 Provident Title Company
Kyles Shawn -- Lawyers Title Company
Anderson Eric V -- Lawyers Title Company
Anderson Eric V -- Fidelity National Title Co
Anderson Eric V -- --
Anderson Eric V $221,254 Ticor Title
Anderson Eric V -- Ticor Title
Anderson Eric V $414,909 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iconic Property Ix Llc $1,500,000
Previous Owner Kyles Shawn $440,000
Previous Owner Anderson Eric V $440,000
Previous Owner Anderson Eric V $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2018 09/21/18 Sold $1,367,000 -2.0% $201 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
07/12/2018 07/12/18 Price Changed $1,395,000 -5.4% $205 / Sq Ft
07/10/2018 07/10/18 Price Changed $1,475,000 -4.5% $216 / Sq Ft
06/26/2018 06/26/18 Price Changed $1,545,000 -8.8% $227 / Sq Ft
05/29/2018 05/29/18 For Sale $1,695,000 -- $249 / 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 $19,236 $1,524,910 $1,026,275 $498,635
2024 $19,236 $1,495,010 $1,006,152 $488,858
2023 $18,884 $1,465,697 $986,424 $479,273
2022 $18,045 $1,436,959 $967,083 $469,876
2021 $17,799 $1,408,784 $948,121 $460,663
2020 $17,980 $1,394,340 $938,400 $455,940
2019 $17,299 $1,367,000 $920,000 $447,000
2018 $8,004 $577,195 $396,117 $181,078
2017 $7,806 $565,878 $388,350 $177,528
2016 $7,565 $554,784 $380,736 $174,048
2015 $7,467 $546,451 $375,017 $171,434
2014 $7,530 $535,747 $367,671 $168,076
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Chelsea Kyles

    Keller Williams Beach Cities

    Section Image

  • P

    Buyer's Agent in 2018

    Peter Strauss

    Iconic Investments

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18126218

California Regional Multiple Listing Service (CRMLS)

APN: 5040-002-017

California Los Angeles County Los Angeles 90007 Adams-Normandie

1536 W 30th St, Los Angeles, CA

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