NOT LISTED FOR SALE

Estimated Value: $1,349,000 - $1,801,000

8 Beds
8 Baths
3,676 Sq Ft
$440/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $1,245,000 $339 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $10,666/month

2 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Room

About This Home

As of November 2018

INVESTORS!!!Turn Key 4-unit apartment building. A perfect income opportunity for investors. Built in 1989 and NOT subject to rent control. This quadruplex consists of four (4) 2 bedrooms 2 bathrooms units with 2 parking garage spaces per unit and a community laundry room. 3 Storage spaces available currently used by the owners ( 2 downstairs and 1 upstairs) . The unit sizes are as follow: Unit#1: 837 Sqft. Unit#2: 966 Sqft.(it has a balcony), Unit#3: 945 Sqft., Unit#4: 919 Sqft. This property has been well maintained and is located in close proximity to restaurants, shops. Easy access to the 110 & 405 freeways.

Last Agent to Sell the Property

Rosy Riera

Keller Williams South Bay License #01458701 Listed on: 10/10/2018

Keller Williams South Bay

Last Buyer's Agent

Morgan McMullin

Keller Williams Beverly Hills License #01716570

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,373

Year Built

  • Built in 1989

Lot Details

  • 7,009 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,676 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351006021

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,440
  • Insurance Expense $1,300
  • Professional Management Expense $4,704
  • Water Sewer Expense $4,497
  • New Taxes Expense $12,760
  • Operating Expense $27,192
  • Gross Income $41,229
  • Net Operating Income $41,229

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,373

Year Built

Built in 1989

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 4704.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4497.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7351006021
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: Two
  • Price Per Square Foot: 338.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Upper Level, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7009.00
  • Lot Size Acres: 0.1609

Multi Family

  • Gross Income: 41229.00
  • Gross Scheduled Income: 68421.00
  • Insurance Expense: 1300.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1060.00
  • Lot Size Area: 7009.0000 Square Feet
  • Net Operating Income: 41229.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 27192.00
  • Other Income1: 161.00
  • Other Income Description: Systematic code enforce
  • Rent Control: No
  • Total Expenses: 27192.00

Tax Info

  • New Taxes Expense: 12760.00
  • Tax Census Tract: 2920.00
  • Tax Lot: 21
  • Tax Tract Number: 4983

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2020
Sold by
Tellis Roland and Tellis Almas
Bought by
Kaas Properties Llc
Current Estimated Value
$1,691,750

Purchase Details

Closed on
Feb 19, 2020
Sold by
Kaas Properties Llc
Bought by
Tellis Roland and Tellis Almas

Purchase Details

Closed on
Jun 18, 2019
Sold by
Tellis Roland and Tellis Almas
Bought by
Kaas Properties Llc

Purchase Details

Listed on
Oct 10, 2018
Closed on
Oct 24, 2018
Sold by
Hall David and The Margaret Mehall Trust
Bought by
Tellis Roland and Tellis Almas
Seller's Agent
Rosy Riera
Keller Williams South Bay
Buyer's Agent
Morgan McMullin
Keller Williams Beverly Hills
List Price
$1,160,000
Sold Price
$1,245,000
Premium/Discount to List
$85,000
7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$871,500
Interest Rate
4.7%
Mortgage Type
New Conventional
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
Kaas Properties Llc -- None Available
Tellis Roland -- None Available
Kaas Properties Llc -- None Available
Tellis Roland $1,245,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaas Properties Llc $1,110,000
Previous Owner Tellis Roland $853,800
Previous Owner Tellis Roland $871,500
Previous Owner Mehall Margaret $356,500
Previous Owner Mehall Margaret $285,000
Previous Owner Mehall Margaret $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $1,245,000 +7.3% $339 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
10/10/2018 10/10/18 For Sale $1,160,000 -- $316 / 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 $17,373 $1,388,815 $831,059 $557,756
2024 $17,373 $1,361,584 $814,764 $546,820
2023 $17,039 $1,334,888 $798,789 $536,099
2022 $16,264 $1,308,715 $783,127 $525,588
2021 $16,052 $1,283,055 $767,772 $515,283
2020 $16,208 $1,269,900 $759,900 $510,000
2019 $15,578 $1,245,000 $745,000 $500,000
2018 $10,800 $840,792 $323,377 $517,415
2016 $10,298 $808,145 $310,821 $497,324
2015 $10,452 $796,007 $306,153 $489,854
2014 $6,342 $440,000 $176,000 $264,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18248451

California Regional Multiple Listing Service (CRMLS)

APN: 7351-006-021