Seller's Agent in 2023
John Katnik
BRC Advisors- BH
(310) 956-2291
3 in this area
72 Total Sales
1618 259th St Harbor City, CA 90710
Harbor City NeighborhoodEstimated Value: $1,057,000 - $1,159,000
6
Beds
4
Baths
2,680
Sq Ft
$416/Sq Ft
Est. Value
About This Home
As of November 2023I am proud to present this 4-unit apartment in Harbor City! 1618 259th St is a fantastic opportunity to acquire a 1986 construction apartment in the supply constricted South Bay. The property is not subject to LA City RSO. There is currently one vacancy at the property. The property is currently performing at a 4.75% Cap Rate & a 14.87 GRM and features a great unit mix of 1 and 2 bedroom floorplans. The building features 4 total parking spaces, 1 garage (currently rented for $200/month) and a common area laundry room (owned machines). All units are due for rent increases on 1/1/2024.
Last Agent to Sell the Property
BRC Advisors- BH License #02002695 Listed on: 08/14/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,211
Year Built
- Built in 1986
Lot Details
- 5,001 Sq Ft Lot
- Lot Dimensions are 50x100
- North Facing Home
Parking
- 4 Open Parking Spaces
- 1 Car Garage
Interior Spaces
- 2,680 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Utilities
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for water
- Assessor Parcel Number 7411-003-022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2023
Closed on
Oct 26, 2023
Sold by
Younes Kara
Bought by
Younes Basil
Seller's Agent
John Katnik
BRC Advisors- BH
Buyer's Agent
Sam Alherech
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$1,025,000
Premium/Discount to List
-$75,000
-6.82%
Views
483
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,223
Avg. Annual Appreciation
4.80%
Original Mortgage
$768,750
Interest Rate
7.19%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 12, 2016
Closed on
Dec 14, 2016
Sold by
Sanei Architecture Planning Co Ltd
Bought by
Oakley Bryan
Seller's Agent
Akiko Sasaki
JA Realty, Inc.
Buyer's Agent
Bryan Oakley
Benchmark Real Estate
List Price
$669,000
Sold Price
$660,000
Premium/Discount to List
-$9,000
-1.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%
Purchase Details
Closed on
Aug 31, 2015
Sold by
Yoshizawa Katsuko
Bought by
Sanei Architecture Planning Co Ltd
Purchase Details
Closed on
Nov 14, 2005
Sold by
Akiba Atsuko
Bought by
Yoshizawa Katsuko
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jul 18, 2003
Sold by
Glenburn Co Llc
Bought by
Akiba Atsuko
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 22, 1998
Sold by
Yamamoto Michael H
Bought by
The Glenbum Company Llc
Purchase Details
Closed on
Dec 1, 1997
Sold by
Vallery Mary
Bought by
Yamamoto Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,704
Interest Rate
7.31%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 30, 1997
Sold by
Vallery Mary
Bought by
Vallery Mary and The Mary Vallery Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Younes Basil | -- | Fidelity National Title | |
| Younes Basil | $1,025,000 | Fidelity National Title | |
| Oakley Bryan | $660,000 | Title 365 | |
| Oakley Bryan | -- | Title 365 | |
| Sanei Architecture Planning Co Ltd | $570,000 | Title 365 | |
| Yoshizawa Katsuko | $660,000 | North American Title Company | |
| Akiba Atsuko | $440,000 | Chicago Title | |
| The Glenbum Company Llc | -- | First American | |
| Yamamoto Michael | -- | North American Title Co | |
| Vallery Mary | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Younes Basil | $780,000 | |
| Closed | Younes Basil | $768,750 | |
| Previous Owner | Yoshizawa Katsuko | $125,000 | |
| Previous Owner | Yoshizawa Katsuko | $90,000 | |
| Previous Owner | Akiba Atsuko | $240,000 | |
| Previous Owner | Glenburn Company Llc | $70,000 | |
| Previous Owner | Yamamoto Michael | $13,704 | |
| Closed | Yamamoto Michael | $12,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/07/2023 11/07/23 | Sold | $1,025,000 | -6.8% | $382 / Sq Ft |
| 09/29/2023 09/29/23 | Pending | -- | -- | -- |
| 09/13/2023 09/13/23 | For Sale | $1,100,000 | 0.0% | $410 / Sq Ft |
| 09/07/2023 09/07/23 | Pending | -- | -- | -- |
| 08/14/2023 08/14/23 | For Sale | $1,100,000 | +66.7% | $410 / Sq Ft |
| 12/29/2016 12/29/16 | Sold | $660,000 | -1.3% | $246 / Sq Ft |
| 11/03/2016 11/03/16 | Pending | -- | -- | -- |
| 10/12/2016 10/12/16 | For Sale | $669,000 | -- | $250 / Sq Ft |
Source: The MLS
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 | $13,211 | $1,045,500 | $765,000 | $280,500 |
| 2024 | $13,211 | $1,025,000 | $750,000 | $275,000 |
| 2023 | $9,735 | $736,239 | $362,542 | $373,697 |
| 2022 | $9,300 | $721,804 | $355,434 | $366,370 |
| 2021 | $9,174 | $707,652 | $348,465 | $359,187 |
| 2019 | $8,907 | $686,664 | $338,130 | $348,534 |
| 2018 | $8,790 | $673,200 | $331,500 | $341,700 |
| 2016 | $7,468 | $570,000 | $230,000 | $340,000 |
| 2015 | $6,027 | $450,000 | $275,000 | $175,000 |
| 2014 | $6,774 | $500,000 | $303,000 | $197,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Sam Alherech
Buckingham Investments, Inc
(347) 517-6790
2 in this area
21 Total Sales
-
A
Seller's Agent in 2016
Akiko Sasaki
JA Realty, Inc.
-
B
Buyer's Agent in 2016
Bryan Oakley
Benchmark Real Estate
(310) 977-9077
Map
Source: The MLS
MLS Number: 23-300521
APN: 7411-003-022
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