NOT LISTED FOR SALE

1624 Preuss Rd Los Angeles, CA 90035

Pico-Robertson Neighborhood

Estimated Value: $1,450,000 - $2,324,000

6 Beds
4 Baths
2,836 Sq Ft
$683/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $1,275,000 $450 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $12,041/month

268 Days on Market

Highlights

  • Central Heating
  • Canfield Avenue Elementary Rated A-
  • 3-minute walk to Robertson Recreational Park

About This Home

As of July 2016

The Preuss Apartments is a Four Unit investment property located in the prime Pico Robertson neighborhood of Los Angeles. The property was originally built in 1955, however two units were remodeled in 2009 and the Studio unit was just completed in 2016. The property features a strong unit-mix of two nicely upgraded Two Bedroom/One Bathroom units, which include Kitchens with Granite Counters, Wood Cabinets, Luxurious Bathrooms, Hardwood Floors, in-unit Washer/Dryer hookups and Central HVAC. These are complimented by a brand new Single unit with Modern Kitchen and Bathroom and a One Bedroom/One Bathroom unit that is ripe for an astute investor to modernize and increase rents, which are currently about 14% below market. There are three garage parking spaces and four onsite bicycle parking spaces. Great for an Investor or as a Potential Owner User property.

Last Agent to Sell the Property

Daniel Baird

Sperry Van Ness License #01249675 Listed on: 07/13/2015

Last Buyer's Agent

Daniel Baird

License #01249675

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,806

Year Built

  • Built in 1955

Lot Details

  • 3,730

Interior Spaces

  • 2,836 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Additional Features

  • 3,730 Sq Ft Lot
  • Central Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4303-003-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,806

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2836
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 467.21

Exterior Features

  • Tennis Court Y/N: No
  • Construction: STUCCO
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Garage - 3 Car
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Electric Expense: 941.00
  • Heating: Central
  • Water Expense: 941.00

Fee Information

  • Gas Expense: 644.00
  • Insurance Expense: 1558.00
  • Maintenance Expense: 2981.00
  • Other Expense: 300.00
  • Trash Expense: 941.00

Lot Info

  • Assessed Improvement Value: 288884
  • Assessed Land Value: 567266
  • Assessor Parcel Number: 4303-003-007
  • Geocode Override: No
  • Lot Size Area: 3730

Rental Info

  • Monthly Gross Income: 5940.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.80
  • Gross Scheduled Income: 67320.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 26216
  • Type Of Units: Apartment
  • Vacancy Rate: 50%

Tax Info

  • Tax Expense: 16900.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2015
Closed on
May 26, 2016
Sold by
Singh Ravinder
Bought by
Saint Mark Coptic Orthodox Church Of Los
Seller's Agent
Daniel Baird
Sperry Van Ness
Buyer's Agent
Daniel Baird
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$1,937,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$662,590
Avg. Annual Appreciation
4.35%
Original Mortgage
$1,020,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 13, 2015
Closed on
May 19, 2016
Sold by
Singh Ravinder
Bought by
Singh Ravinder and Singh Jacquelin M
Seller's Agent
Daniel Baird
Sperry Van Ness
Buyer's Agent
Daniel Baird
List Price
$1,275,000
Sold Price
$1,275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2013
Sold by
Singh Ravinder
Bought by
Singh Ravinder and Singh Jacquelin M

Purchase Details

Closed on
Apr 3, 2009
Sold by
Khaisa Gurudhan
Bought by
Singh Ravinder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,200
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2006
Sold by
Khalsa Siri Sevak K
Bought by
Khalsa Gurudhan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$777,600
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2006
Sold by
Markowitz Samuel and The Revocable Living Tr Of Lot
Bought by
Khalsa Gurudhan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$777,600
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2001
Sold by
Elman Lottie
Bought by
Elman Lottie and Revocable Living Trust Of Lottie Elman
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
Saint Mark Coptic Orthodox Church Of Los $1,275,000 Lawyers Title
Singh Ravinder -- Lawyers Title
Singh Ravinder -- None Available
Singh Ravinder $815,000 Lawyers Title
Khalsa Gurudhan -- New Century Title Company
Khalsa Gurudhan $864,000 New Century Title Ins Co
Elman Lottie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saint Mark Orthodox Chr Of Los Angeles $875,000
Previous Owner Saint Mark Coptic Orthodox Church Of Los $1,020,000
Previous Owner Singh Ravinder $637,500
Previous Owner Singh Ravinder $581,200
Previous Owner Khalsa Gurudhan $43,200
Previous Owner Khalsa Gurudhan $777,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2016 07/12/16 Sold $1,275,000 0.0% $450 / Sq Ft
04/06/2016 04/06/16 Pending -- -- --
07/13/2015 07/13/15 For Sale $1,275,000 -- $450 / Sq Ft
Source: The MLS

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 $17,806 $1,479,741 $1,044,524 $435,217
2024 $17,806 $1,450,728 $1,024,044 $426,684
2023 $17,465 $1,422,283 $1,003,965 $418,318
2022 $16,656 $1,394,396 $984,280 $410,116
2021 $16,445 $1,367,056 $964,981 $402,075
2019 $15,953 $1,326,510 $936,360 $390,150
2018 $15,876 $1,300,500 $918,000 $382,500
2016 $10,822 $886,570 $587,422 $299,148
2015 $10,665 $873,254 $578,599 $294,655
2014 $10,713 $856,150 $567,266 $288,884
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Daniel Baird

    Sperry Van Ness

    (310) 500-1239

    6 Total Sales

    Daniel Baird
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Map

Source: The MLS

MLS Number: 15-922585

The MLS

APN: 4303-003-007

California Los Angeles County Los Angeles 90035 Pico-Robertson

1624 Preuss Rd, Los Angeles, CA

This home is located at 1624 Preuss Rd, Los Angeles, CA 90035 since 13 July 2015 and is currently estimated at $1,937,590, approximately $683 per square foot. This property was built in 1955. 1624 Preuss Rd is a home located in Los Angeles County with nearby schools including Canfield Avenue Elementary, Daniel Webster Middle School, and Alexander Hamilton Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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