Seller's Agent in 2018
William Miura
Assurance Properties
(949) 266-7895
43 Total Sales
1600 S Holt Ave Los Angeles, CA 90035
Pico-Robertson NeighborhoodEstimated Value: $2,516,000 - $4,384,000
3
Beds
2
Baths
2,153
Sq Ft
$1,518/Sq Ft
Est. Value
Highlights
- Property is near a park
- Corner Lot
- Neighborhood Views
- Wood Flooring
- No HOA
- Living Room
About This Home
As of October 2018Located in prime Beverlywood, this triplex built in 1942 is zoned LAR2 and features a prime large size corner lot (6,045 sq. ft.). The current unit mix is two 1-bedroom 1-bath units, one 2-bedroom 1-bath unit and a detached garage with 3 individual spaces. This property is under the City of LA rent control ordinance, is in a state of disrepair and will require deferred maintenance to be addressed. This property to be sold in “AS-IS” condition with no repairs or warranties offered by the Seller. A prime value add opportunity with significant rental upside or future development potential for an investor/developer.
Last Agent to Sell the Property
Assurance Properties License #01708641 Listed on: 10/09/2018
Co-Listed By
Loria Rigby
Rigby & Associates R.E. Svc. License #01914506
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $59,961
Year Built
- Built in 1942
Lot Details
- 6,045 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Wood Fence
- Brick Fence
- Corner Lot
- Back and Front Yard
- Value in Land
- Tear Down
Parking
- 3 Car Garage
- Parking Available
- Driveway
Home Design
- Triplex
- Entry on the 1st floor
- Major Repairs Completed
- Fixer Upper
- Shingle Roof
- Stucco
Interior Spaces
- 2,153 Sq Ft Home
- 1-Story Property
- Living Room
- Neighborhood Views
- Gas Oven
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Home Security
- Window Bars
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Location
- Property is near a park
- Property is near public transit
Additional Features
- Exterior Lighting
- Floor Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 232
- Tax Tract Number 7385
- Assessor Parcel Number 4303030001
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,359
- Maintenance Expense $1,404
- Trash Expense $1,200
- Water Sewer Expense $2,000
- New Taxes Expense $17,500
- Operating Expense $23,463
- Gross Income $46,800
- Net Operating Income $23,337
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 26, 2019
Sold by
Gm Builders And Associates
Bought by
Grimberg Guy
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Outstanding Balance
$2,211,308
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$1,057,025
Purchase Details
Closed on
Nov 25, 2019
Sold by
Grimberg Michelle
Bought by
Grimberg Guy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Outstanding Balance
$2,211,308
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$1,057,025
Purchase Details
Listed on
Oct 9, 2018
Closed on
Oct 17, 2018
Sold by
Pollack Shoshana and Pollack Darrio
Bought by
Gm Builders And Associates
Seller's Agent
William Miura
Assurance Properties
Buyer's Agent
Micah Hiller
Prime Rock Realty
List Price
$1,250,000
Sold Price
$1,210,000
Premium/Discount to List
-$40,000
-3.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.28%
Original Mortgage
$907,500
Interest Rate
4.6%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 26, 2018
Sold by
Pollack Irvin
Bought by
Pollack Shoshanna and Pollack Darrio
Purchase Details
Closed on
Sep 28, 2015
Sold by
Pollack W M
Bought by
Pollack W Marlene and The W Marlene Pollack Revocable Trust 20
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Grimberg Guy | -- | Provident Title | |
| Grimberg Guy | -- | Provident Title | |
| Gm Builders And Associates | $1,210,000 | First American Title Company | |
| Pollack Shoshanna | -- | None Available | |
| Pollack W Marlene | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Grimberg Guy | $2,450,000 | |
| Previous Owner | Gm Builders And Associates | $907,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2018 10/30/18 | Sold | $1,210,000 | -3.2% | $562 / Sq Ft |
| 10/11/2018 10/11/18 | Pending | -- | -- | -- |
| 10/09/2018 10/09/18 | For Sale | $1,250,000 | -- | $581 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $59,961 | $3,294,056 | $1,115,517 | $2,178,539 |
| 2024 | $59,961 | $4,944,960 | $2,958,000 | $1,986,960 |
| 2023 | $38,615 | $3,166,147 | $1,072,201 | $2,093,946 |
| 2022 | $36,813 | $3,104,067 | $1,051,178 | $2,052,889 |
| 2021 | $36,351 | $3,043,204 | $1,030,567 | $2,012,637 |
| 2020 | $36,728 | $3,012,000 | $1,020,000 | $1,992,000 |
| 2019 | $14,581 | $1,210,000 | $1,000,000 | $210,000 |
| 2018 | $13,035 | $1,071,000 | $918,000 | $153,000 |
| 2016 | $3,948 | $314,962 | $94,462 | $220,500 |
| 2015 | $3,892 | $310,232 | $93,044 | $217,188 |
| 2014 | $3,924 | $304,156 | $91,222 | $212,934 |
Source: Public Records
Agents Affiliated with this Home
-
William Miura
-
L
Seller Co-Listing Agent in 2018
Loria Rigby
Rigby & Associates R.E. Svc.
-
Micah Hiller
Buyer's Agent in 2018
Micah Hiller
Prime Rock Realty
(310) 280-6417
17 in this area
31 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18245831
APN: 4303-030-001
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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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