NOT LISTED FOR SALE

Estimated Value: $1,226,000 - $1,503,000

4 Beds
4 Baths
3,584 Sq Ft
$366/Sq Ft Est. Value

Last Sold May 03, 2012

Last sale price $480,000 $134 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $7,583/month

75 Days on Market

Highlights

  • Spanish Architecture
  • 4 Car Detached Garage
  • Built-In Features

About This Home

As of May 2012

Large Spanish style fourplex in Mid LA near Venice and La Brea Blvd, five minutes from LA Live and 10 minutes from Santa Monica, centrally located to public transportation and Hwy access. Very clean and large units, each unit is around 900 sq.ft per unit (buyer to verify) ***DRIVE BY ONLY***, submit offer subject to interior inspection.....REGULAR SALE...REGULAR SALE.

Last Agent to Sell the Property

Walter Castillo

Coldwell Banker Realty License #01141632 Listed on: 12/08/2011

Coldwell Banker Realty

Last Buyer's Agent

PAUL LEPAGE

License #01035915

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 1923

Lot Details

  • 7,013 Sq Ft Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Spanish Architecture
  • Shingle Roof

Interior Spaces

  • 3,584 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5071-015-047

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,800

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 3584
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Built-Ins
  • Price Per S Q F T: 133.93

Exterior Features

  • Pool: No
  • Roof: Shingle

Garage/Parking

  • Parking Garage: Detached, Garage
  • Total Parking: 4

Utilities

  • Electric Expense: 360.00
  • Heating: Wall
  • Sewer: In Street
  • Water Expense: 2400.00

Fee Information

  • Insurance Expense: 1200.00

Lot Info

  • Assessor Parcel Number: 5071-015-047
  • Lot Size Area: 7013

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 6360
  • Type Of Units: income
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 2400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2017
Sold by
Heinemann Alexandra
Bought by
Heinemann Alexandra and Heinemann Charles P
Current Estimated Value
$1,311,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$450,938
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$860,518

Purchase Details

Closed on
Jul 12, 2017
Sold by
Bean Danielle
Bought by
Heinemann William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$450,938
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$860,518

Purchase Details

Listed on
Dec 8, 2011
Closed on
Mar 7, 2012
Sold by
Foster Dale L
Bought by
Heinemann Alexandra and Heinemann Charles
Seller's Agent
Walter Castillo
Coldwell Banker Realty
Buyer's Agent
PAUL LEPAGE
List Price
$490,000
Sold Price
$480,000
Premium/Discount to List
-$10,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$467,832
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2000
Sold by
Foster Dale L and Estate Of Mavis Mae Dawkins
Bought by
Foster Dale L
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
Heinemann Alexandra -- Fatcola
Heinemann William A -- First American Title Co
Heinemann Alexandra $480,000 Pacific Coast Title
Foster Dale L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heinemann Alexandra $540,000
Closed Heinemann William A $540,000
Previous Owner Heinemann Alexandra $467,832
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2012 05/03/12 Sold $480,000 -2.0% $134 / Sq Ft
02/21/2012 02/21/12 Pending -- -- --
12/08/2011 12/08/11 For Sale $490,000 -- $137 / 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 $7,800 $602,895 $376,811 $226,084
2024 $7,800 $591,074 $369,423 $221,651
2023 $7,663 $579,485 $362,180 $217,305
2022 $7,331 $568,124 $355,079 $213,045
2021 $7,225 $556,985 $348,117 $208,868
2019 $7,022 $540,467 $337,793 $202,674
2018 $6,865 $529,870 $331,170 $198,700
2016 $6,544 $509,296 $318,311 $190,985
2015 $6,453 $501,647 $313,530 $188,117
2014 $6,500 $491,822 $307,389 $184,433
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 11-570061

The MLS

APN: 5071-015-047