NOT LISTED FOR SALE

Estimated Value: $917,000 - $1,093,000

4 Beds
2 Baths
1,704 Sq Ft
$574/Sq Ft Est. Value

Last Sold October 02, 2019

Last sale price $750,000 $440 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,171/month

68 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wood Flooring
  • Neighborhood Views
  • Living Room

About This Home

As of October 2019

Two detached homes on a single lot in the South Bay area, that is well maintained and beautiful. This is a must see. Great opportunity for investors and potential future rent growth. The properties rest on a quiet and attractive tree-lined street with quick access to 110, PCH, public transportation, shopping, restaurants, entertainment, parks, and downtown LA to name a few. A well-appointed "English" garden in the front of the house and a private tranquil backyard with waterfall. The two houses have separate addresses, separate enclosed garages with carports, separate in-unit laundry, separate gas and electric meters. Rents are set at current market rate as the owner did not lease the property to the public.

Last Agent to Sell the Property

Susan Jung

Realty ONE Group United License #01984588 Listed on: 06/06/2019

Realty ONE Group United

Last Buyer's Agent

Enei Igwue

Keller Williams South Bay License #01369106

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,102

Year Built

  • Built in 1948

Lot Details

  • 6,016 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Fence is in excellent condition
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Carport
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Interior Spaces

  • 1,704 Sq Ft Home
  • Family Room
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Gas Range
  • Free-Standing Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 1589
  • Assessor Parcel Number 7410023020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,102

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Washer, Dryer, Dish washer, Refrigerator in both units
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7410023020
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 440.14
  • Room Type: All Bedrooms Down, Family Room, Laundry, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Excellent Condition, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Garage, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, Free-Standing Range, Gas Oven, Gas Range, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6016.00
  • Lot Size Acres: 0.1381

Multi Family

  • Lot Size Area: 6016.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2933.04
  • Tax Lot: 10
  • Tax Tract Number: 1589

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2019
Closed on
Sep 10, 2019
Sold by
Amirshahi Kambiz
Bought by
Veal Annette Cole and Cole Valerie
Seller's Agent
Susan Jung
Realty ONE Group United
Buyer's Agent
Enei Igwue
Keller Williams South Bay
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%
Current Estimated Value
$978,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,147
Avg. Annual Appreciation
4.73%
Original Mortgage
$726,596
Outstanding Balance
$637,937
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$347,484

Purchase Details

Closed on
Jul 10, 2006
Sold by
Welsh Crane Roger E and Welsh Crane Lynne
Bought by
Amirshahi Kambiz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.51%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 24, 2003
Sold by
Welsh Crane Roger E and Welsh Crane Lynne
Bought by
Welsh Crane Roger E and Welsh Crane Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2002
Sold by
Welsh Crane Roger E and Welsh Crane Lynne
Bought by
Welsh Crane Roger E and Welsh Crane Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.04%

Purchase Details

Closed on
Feb 14, 2002
Sold by
Welsh Crane Roger E and Welsh Crane Lynne
Bought by
Welsh Crane Roger E and Welsh Crane Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.04%

Purchase Details

Closed on
Dec 10, 1993
Sold by
Welsh Crane Roger E and Welsh Crane Lynne
Bought by
Welsh Crane Roger E and Welsh Crane Lynne
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
Veal Annette Cole $750,000 Provident Title Company
Amirshahi Kambiz $600,000 Progressive Title Company
Welsh Crane Roger E -- --
Welsh Crane Roger E -- Lawyers Title Company
Welsh Crane Roger E -- First American Title Co
Welsh Crane Roger E -- First American Title Co
Welsh Crane Roger E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veal Annette Cole $26,942
Open Veal Annette Cole $726,596
Previous Owner Amirshahi Kambiz $400,000
Previous Owner Welsh Crane Roger E $131,000
Previous Owner Welsh Crane Roger E $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2019 10/02/19 Sold $750,000 -6.1% $440 / Sq Ft
08/26/2019 08/26/19 For Sale $799,000 0.0% $469 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $799,000 -- $469 / 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 $10,102 $820,229 $535,884 $284,345
2024 $10,102 $804,147 $525,377 $278,770
2023 $9,906 $788,380 $515,076 $273,304
2022 $9,450 $772,923 $504,977 $267,946
2021 $9,411 $757,769 $495,076 $262,693
2020 $9,503 $750,000 $490,000 $260,000
2019 $7,426 $590,000 $255,000 $335,000
2018 $7,122 $560,000 $242,700 $317,300
2016 $5,916 $464,000 $201,100 $262,900
2015 $5,624 $440,000 $190,700 $249,300
2014 $5,020 $380,000 $164,700 $215,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19133661

California Regional Multiple Listing Service (CRMLS)

APN: 7410-023-020