NOT LISTED FOR SALE

Estimated Value: $1,265,000 - $1,431,678

10 Beds
7 Baths
3,500 Sq Ft
$388/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $1,165,000 $333 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,331/month

5 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 2 Car Garage
  • Laundry Room
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of August 2022

Newly remodeled, no rent control, large 2 units, high yield and a quickly appreciating neighborhood. What more could you ask of a multifamily asset? Each unit is approximately 1,750 sqft with 5 functional bedrooms & 3 full bathrooms plus an additional powder room in the back unit. Total of 10 bedrooms & 7 bathrooms combined.  All units are individually metered for gas, water and electric making the operating expenses at a minimum. The property features beautiful laminate flooring throughout the rooms and living areas, private laundry room inside each unit, open layout and plenty of natural light. There are two garage spaces and plenty of parking spaces in the back. Location is ideal, centrally located to all public transportation and major freeways! Positive cash flow, healthy income stream and solid market appreciation as the area continues its upward trajectory. Opportunity knocks! Don't miss out on this one!

Last Agent to Sell the Property

Michelle Yoon

OneTop Realty License #01991897 Listed on: 07/20/2022

Last Buyer's Agent

Johnny and David Team

Keller Williams Realty Los Feliz License #01394690

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2019

Lot Details

  • 5,065 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 3,500 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 52
  • Tax Tract Number 1702
  • Assessor Parcel Number 6030005022
  • $370 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Professional Management Expense $3,648
  • Operating Expense $4,648
  • Gross Income $91,200
  • Net Operating Income $86,552

Property Details

Home Type

Multi-Family

Year Built

Built in 2019

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3648.00
  • Property Attached: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6030005022
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Levels: Two
  • Price Per Square Foot: 332.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 5065.00
  • Lot Size Acres: 0.1163

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 91200.00
  • Gross Scheduled Income: 91200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5065.0000 Square Feet
  • Net Operating Income: 86552.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 4648.00
  • Rent Control: No
  • Total Expenses: 4648.00

Tax Info

  • Tax Census Tract: 2397.01
  • Tax Lot: 52
  • Tax Tract Number: 1702
  • TaxOtherAnnualAssessmentAmount: 370.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Aug 29, 2022
Sold by
Hoon Yu Si and Sook Hyun
Bought by
Jy Property Llc
Seller's Agent
Michelle Yoon
OneTop Realty
Buyer's Agent
Johnny and David Team
Keller Williams Realty Los Feliz
List Price
$1,180,000
Sold Price
$1,165,000
Premium/Discount to List
-$15,000
-1.27%
Views
3
Current Estimated Value
$1,359,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,420
Avg. Annual Appreciation
4.69%

Purchase Details

Listed on
Aug 25, 2020
Closed on
Nov 23, 2020
Sold by
Deng Zhi Ming and Jiang Shu Ming
Bought by
Lee Seonggyu and An Jeong Hwa
Seller's Agent
Phyllis Lu
Titan One Real Estate
List Price
$950,000
Sold Price
$940,000
Premium/Discount to List
-$10,000
-1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%
Original Mortgage
$650,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2019
Sold by
Obsidian Development Llc
Bought by
The Deng & Jiang Family Living Trust

Purchase Details

Listed on
Aug 7, 2017
Closed on
Sep 15, 2017
Sold by
Valenzuela Emigdio Figueroa
Bought by
Obsidian Development Llc
Seller's Agent
Briana Price
PRICE REAL ESTATE GROUP INC
Buyer's Agent
Briana Price
PRICE REAL ESTATE GROUP INC
List Price
$299,999
Sold Price
$290,000
Premium/Discount to List
-$9,999
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.51%
Original Mortgage
$235,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 1996
Sold by
Salazar Domingo
Bought by
Valenzuela Emigdio Figueroa and Figueroa Argelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,469
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 1996
Sold by
Steffens Lester
Bought by
Salazar Domingo

Purchase Details

Closed on
Nov 14, 1994
Sold by
Holloway Charles E and Holloway Brenda J
Bought by
Fayers Nora
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jy Property Llc -- Accommodation/Courtesy Recordi
Lee Seonggyu $940,000 Wfg National Title Company
The Deng & Jiang Family Living Trust $870,000 First American Title Company
Obsidian Development Llc $290,000 First American Title Company
Valenzuela Emigdio Figueroa $120,000 Investors Title Company
Salazar Domingo $29,000 --
Salazar Domingo $31,500 --
Salazar Domingo $11,000 Investors Title Company
Fayers Nora $84,637 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Seonggyu $650,000
Previous Owner Obsidian Development Llc $235,000
Previous Owner Valenzuela Emigdio Figueroa $119,469
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2022 08/24/22 Sold $1,165,000 -1.3% $333 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $1,180,000 +25.5% $337 / Sq Ft
12/14/2020 12/14/20 Sold $940,000 -1.1% $269 / Sq Ft View Prior Sale
10/26/2020 10/26/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $950,000 +227.6% $271 / Sq Ft
09/26/2017 09/26/17 Sold $290,000 -3.3% $294 / Sq Ft View Prior Sale
08/23/2017 08/23/17 Pending -- -- --
08/12/2017 08/12/17 For Sale $299,999 +3.4% $304 / Sq Ft
08/11/2017 08/11/17 Off Market $290,000 -- --
08/07/2017 08/07/17 For Sale $299,999 -- $304 / 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 $14,661 $1,212,066 $587,826 $624,240
2024 $14,661 $1,188,300 $576,300 $612,000
2023 $14,378 $1,165,000 $565,000 $600,000
2022 $11,572 $958,800 $479,400 $479,400
2021 $11,417 $940,000 $470,000 $470,000
2020 $11,015 $887,400 $448,800 $438,600
2019 $3,686 $295,800 $236,640 $59,160
2018 $3,643 $290,000 $232,000 $58,000
2016 $2,163 $168,383 $97,802 $70,581
2015 $2,133 $165,854 $96,333 $69,521
2014 $2,149 $162,606 $94,446 $68,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22158862

California Regional Multiple Listing Service (CRMLS)

APN: 6030-005-022