NOT LISTED FOR SALE

Estimated Value: $1,339,000 - $2,216,668

10 Beds
8 Baths
7,005 Sq Ft
$254/Sq Ft Est. Value

Last Sold March 13, 2018

Last sale price $1,580,000 $226 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $11,167/month

About This Home

As of March 2018

Turn Key & Regular Sale! This 4-unit apartment building is the perfect income property for investors or for the landlord who wants to live in one unit and rent out the rest. Two of the units are 3 bedrooms and 2 full baths while the other two units are 2 bedrooms and 2 full baths. All of the units have been tastefully remodeled with a very contemporary vibe inside including new paint and laminate flooring throughout. All of the kitchens feature upgraded cabinets, fixtures, and stainless steel appliances. Bathrooms have been updated with new vanities and fixtures as well. Located near shopping, groceries, and museums. Best of all, there is no rent control!

Last Agent to Sell the Property

Tin-Jon Syiau

REVA License #01913608 Listed on: 03/02/2018

Last Buyer's Agent

Morgan McMullin

Keller Williams Beverly Hills License #01716570

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,259

Year Built

  • Built in 1988

Lot Details

  • 7,005 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 10 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 7,005 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351014008

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $6,000
  • Insurance Expense $1,464
  • Water Sewer Expense $6,000
  • New Taxes Expense $9,959
  • Operating Expense $18,073
  • Net Operating Income $113,927

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,259

Year Built

Built in 1988

Lot Details

0

Parking

10

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 6000.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 6000.00
  • Parcel Number: 7351014008
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 225.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7005.00

Multi Family

  • Gross Scheduled Income: 132000.00
  • Insurance Expense: 1464.00
  • Net Operating Income: 113927.00
  • 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: 18073.00
  • Rent Control: No
  • Total Expenses: 18073.00

Tax Info

  • New Taxes Expense: 9959.00
  • Tax Lot: 8
  • Tax Tract Number: 4983

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2019
Sold by
Tellis Roland and Tellis Almas
Bought by
Kaas Properties Llc
Current Estimated Value
$1,778,917

Purchase Details

Listed on
Mar 2, 2018
Closed on
Mar 5, 2018
Sold by
Rac Development Inc
Bought by
Tellis Roland and Tellis Almas
Seller's Agent
Tin-Jon Syiau
REVA
Buyer's Agent
Morgan McMullin
Keller Williams Beverly Hills
List Price
$1,580,000
Sold Price
$1,580,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.56%
Original Mortgage
$871,450
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2017
Sold by
Rac Development Inc
Bought by
Rac Development Inc and Rac Development Inc Investment Trust

Purchase Details

Listed on
Feb 22, 2016
Closed on
Jun 22, 2016
Sold by
Garcia Luis
Bought by
Rac Development Inc
Seller's Agent
Yesenia Chicas
Champions Real Estate Group South Bay
Buyer's Agent
Judy Tyng-Ru Chen
Judy Chen, BROKER
List Price
$1,110,000
Sold Price
$1,050,000
Premium/Discount to List
-$60,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$700,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2011
Sold by
Jackson Delsenia
Bought by
Garcia Luis and Garcia Jaqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,621
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 2007
Sold by
Jackson Delsenia
Bought by
Jackson Delsenia and Delsenia Jackson Family Trust

Purchase Details

Closed on
Jul 27, 2004
Sold by
Hurd Bernice
Bought by
Jackson Delsenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2002
Sold by
Kumara Chitralal S
Bought by
Jackson Delsenia and Hurd Bernice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,497
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 2000
Sold by
Davis Daniel J Tr Daniel J Davis Trust
Bought by
Kumara Sisira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,200
Interest Rate
8.37%

Purchase Details

Closed on
Sep 29, 1998
Sold by
Davis Daniel J
Bought by
Davis Daniel J and Daniel J Davis Revocable Living Trust

Purchase Details

Closed on
Feb 5, 1997
Sold by
Davis Daniel J
Bought by
Swette Glen and Swette Living Trust

Purchase Details

Closed on
Aug 26, 1995
Sold by
World S & L Assn Fsla
Bought by
Davis Daniel Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
7.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 31, 1995
Sold by
Kuo Frank
Bought by
World S & L Assn Fsla

Purchase Details

Closed on
Oct 6, 1994
Sold by
Kuo Joanna
Bought by
Kuo Frank F
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kaas Properties Llc -- None Available
Tellis Roland $1,580,000 Ticor Title Company
Rac Development Inc -- Ticor Title Company
Rac Development Inc $1,050,000 Chicago Title Company
Garcia Luis -- Chicago Title Company
Garcia Luis $725,000 Ticor Title Company
Jackson Delsenia -- None Available
Jackson Delsenia -- Fidelity National Title Co
Jackson Delsenia $398,000 Fidelity Title
Kumara Sisira $338,000 Fidelity Title
Davis Daniel J -- --
Swette Glen -- Commonwealth Land Title Co
Davis Daniel Joseph $262,500 Fidelity National Title Ins
World S & L Assn Fsla $275,000 Stewart Title
Kuo Frank F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tellis Roland $871,450
Previous Owner Rac Development Inc $700,000
Previous Owner Garcia Luis $706,621
Previous Owner Garcia Luis $706,621
Previous Owner Jackson Delsenia $544,000
Previous Owner Jackson Delsenia $385,497
Previous Owner Kumara Sisira $304,200
Previous Owner Davis Daniel Joseph $236,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2018 03/13/18 Sold $1,580,000 0.0% $226 / Sq Ft
03/02/2018 03/02/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $1,580,000 0.0% $226 / Sq Ft
03/02/2018 03/02/18 Off Market $1,580,000 -- --
06/30/2016 06/30/16 Sold $1,050,000 -5.4% $225 / Sq Ft View Prior Sale
06/13/2016 06/13/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $1,110,000 +53.1% $238 / Sq Ft
02/27/2012 02/27/12 Sold $725,000 -2.2% $156 / Sq Ft View Prior Sale
12/07/2011 12/07/11 Pending -- -- --
10/23/2011 10/23/11 For Sale $741,000 -- $159 / 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 $22,259 $1,797,765 $1,137,827 $659,938
2024 $22,259 $1,762,516 $1,115,517 $646,999
2023 $21,830 $1,727,958 $1,093,645 $634,313
2022 $20,830 $1,694,077 $1,072,201 $621,876
2021 $20,559 $1,660,861 $1,051,178 $609,683
2020 $20,763 $1,643,832 $1,040,400 $603,432
2019 $19,950 $1,611,600 $1,020,000 $591,600
2018 $13,950 $1,092,420 $593,028 $499,392
2016 $9,960 $769,252 $424,415 $344,837
2015 $9,811 $757,698 $418,040 $339,658
2014 $9,851 $742,857 $409,852 $333,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18048970

California Regional Multiple Listing Service (CRMLS)

APN: 7351-014-008