NOT LISTED FOR SALE

1626 W 104th St Los Angeles, CA 90047

Westmont Neighborhood

Estimated Value: $916,000 - $1,240,000

6 Beds
4 Baths
3,027 Sq Ft
$358/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $1,050,000 $347 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,136/month

7 Days on Market

About This Home

As of December 2021

Turn Key, 1983 construction 3-unit asset located in the heart of
Westmont at 1626 W. 104th St., Los Angeles 90047. With Prop 21 failing
to pass, investors can take advantage of this Turnkey, NON-RENT
CONTROLLED asset offering strong current rents, with room to grow the
monthly income. Two identical buildings for sale next door; Can be sold together for a total of 9 units.
1626 W 104th St., is comprised of (1) 2-Bd/2-Ba units and (2) 2-Bd/1-Ba
units. These spacious units feature new flooring, countertops,
appliances and fixtures, as well dishwashers. Plumbing and electrical
have been upgraded. Additionally, each units comes with their own
parking spaces. Laundry room on site. There is still room to grow the
rental income nearly 20%.
The subject property is located in a quiet neighborhood comprised of
primarily single-family homes. Additionally, 1626 W 104th St. is minutes
from new developments such as SoFi Stadium, Clippers Arena,
Hawthorne Mall, Ring, Hollywood Park and SpaceX. This is an ideal
pickup for any investor or owner/user looking to live in one unit and let
the others pay off the mortgage!

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 06/15/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,780

Year Built

  • Built in 1983

Lot Details

  • 5,310 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,027 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1234
  • Assessor Parcel Number 6059010025

Community Details

Overview

  • 3 Units

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $20,064
  • Gross Income $65,640
  • Net Operating Income $42,294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,780

Year Built

Built in 1983

Lot Details

0

Listing Details

  • CapRate: 4.03
  • Property Attached: Yes
  • Zoning: LCR2*
  • Property Type: Residential Income
  • Parcel Number: 6059010025
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 346.88

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Hiking, Park

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5310.00
  • Lot Size Acres: 0.1219

Multi Family

  • Gross Income: 65640.00
  • Gross Multiplier: 16.00
  • Gross Scheduled Income: 65640.00
  • Lot Size Area: 5310.0000 Square Feet
  • Net Operating Income: 42294.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 20064.00
  • Rent Control: No
  • Total Expenses: 20064.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 6002.02
  • Tax Lot: 3
  • Tax Tract Number: 1234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2021
Sold by
Fine Tina and Fine Daniel
Bought by
Nickerson Christina
Current Estimated Value
$1,083,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,083,571
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2018
Sold by
1630 West 104Th Street Llc
Bought by
Fine Tina and Fine Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,464,915
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2018
Sold by
Travlos George
Bought by
Fine Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,464,915
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 23, 2017
Closed on
Oct 19, 2017
Sold by
Blue Joe
Bought by
1630 W 104Th St Llc
Seller's Agent
Sharon Mackey
Sharon L Mackey
Buyer's Agent
Sharon Mackey
Sharon L Mackey
List Price
$515,000
Sold Price
$516,666
Premium/Discount to List
$1,666
0.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%
Original Mortgage
$1,084,998
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2016
Sold by
Blue Joe
Bought by
Blue Joe and Brown Joyce Ann

Purchase Details

Closed on
Aug 9, 1994
Sold by
Brown Joyce Ann
Bought by
Blue Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
8.73%
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
Nickerson Christina $1,050,000 Provident Title Company
Fine Tina $410,000 Ticor Title
1630 West 104Th Street Llc -- Ticor Title
Fine Tina -- Ticor Title Blake Uradomo
1630 W 104Th St Llc $517,000 Old Republic Title
Blue Joe -- None Available
Blue Joe -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nickerson Christina $1,083,571
Previous Owner Nickerson Christina $1,083,571
Previous Owner 1630 West 104Th Street Llc $1,464,915
Previous Owner Fine Tina $1,464,915
Previous Owner 1630 W 104Th St Llc $1,084,998
Previous Owner Blue Joe $290,000
Previous Owner Blue Joe $145,000
Previous Owner Blue Joe $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $1,050,000 0.0% $347 / Sq Ft
06/15/2021 06/15/21 For Sale $1,050,000 +103.2% $347 / Sq Ft
11/08/2017 11/08/17 Sold $516,666 +0.3% $171 / Sq Ft
10/11/2017 10/11/17 Pending -- -- --
09/23/2017 09/23/17 For Sale $515,000 -- $170 / 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 $14,780 $1,114,268 $445,707 $668,561
2024 $14,780 $1,092,420 $436,968 $655,452
2023 $14,279 $1,071,000 $428,400 $642,600
2022 $13,613 $1,050,000 $420,000 $630,000
2021 $8,802 $626,978 $396,887 $230,091
2019 $8,546 $608,383 $385,116 $223,267
2018 $7,470 $517,000 $267,000 $250,000
2017 $4,724 $283,969 $22,800 $261,169
2016 $4,599 $278,402 $22,353 $256,049
2015 $4,536 $274,221 $22,018 $252,203
2014 $4,546 $268,850 $21,587 $247,263
Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2021

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    7 in this area

    182 Total Sales

    Section Image

  • S

    Seller's Agent in 2017

    Sharon Mackey

    Sharon L Mackey

    (310) 623-6580

    2 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21113040

California Regional Multiple Listing Service (CRMLS)

APN: 6059-010-025

California Los Angeles County Los Angeles 90047 Westmont

1626 W 104th St, Los Angeles, CA

This home is located at 1626 W 104th St, Los Angeles, CA 90047 since 15 June 2021 and is currently estimated at $1,083,667, approximately $358 per square foot. This property was built in 1983. 1626 W 104th St is a home located in Los Angeles County with nearby schools including Century Park Elementary School, George Washington Preparatory High School, and Teach Academy Of Technologies.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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