$1,245,000
$183K PRICE DROP

Estimated payment $7,759/month

Total Views 17,284
4 Beds
4 Baths
2,212 Sq Ft
$563 Price per Sq Ft

Highlights

  • Craftsman Architecture
  • Gated Home
  • 4-minute walk to Normandie Recreation Center
  • Views
  • West Facing Home

About This Home

REASONABLY LOW PRICE FOR Harvard Heights,AND OWNER WILL CONSIDER AN OFFER AS WELL! (just above West Adams Heights!)...A RARE opportunity! This Craftsman Classic 4-Unit Smart Investment has so much to offer! Existing are 4 One-Bedroom Units, yet the Tax Assessor states that there are 2 Two-Bedroom Units and 2 One-Bedroom Units, Tax Assessor has stated ''6 Bedrooms'', something to look into, for sure! Many Property Features have been Updated in recent years. AND 'EVEN BETTER' GOOD NEWS: One unit can be delivered Vacant! This allows the Buyer(s) to either provide this Vacancy to a Family Member, OR Rent this Vacancy at Current Market Rates (which is pretty darn good these days!). ALSO, Should this help the Buyer(s), there is an Assumable LOW Interest Rate(3%, 4% and 5% at specified times during the term of the loan)1st Trust Deed Loan of about $350,000, with approximately 8 more years left on the Loan, available to the Buyer. This is a MAJOR benefit for the Buyer. Interest only payments due each month on the assumable loan!!!

Listing Agent

Jonathan Jay

Bruce Jay Associates License #01979786 Listed on: 12/27/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,703

Year Built

  • Built in 1905

Lot Details

  • 6,039 Sq Ft Lot
  • West Facing Home
  • Gated Home

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,212 Sq Ft Home
  • 2-Story Property
  • Oven or Range
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5075-026-006

Community Details

Overview

  • 4 Units
  • Bruce Jay Associates Association

Building Details

  • Rent Control
  • Vacancy Allowance $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,703

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 2212
  • Lot Acreage: 0.1386
  • Stories: 2
  • Year Built: 1905
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 562.84

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 4
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Security: Gated
  • Water Expense: 3050.00
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Bruce Jay Associates
  • Mgmt Co Phone: 3236603600|304

Fee Information

  • Insurance Expense: 1640.00
  • Maintenance Expense: 2500.00

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 300000
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 600000
  • Total Assessed Value: 900000
  • Assessor Parcel Number: 5075-026-006
  • Lot Size Area: 6039

Rental Info

  • Number Leased: 3
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 21.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 8390
  • Type Of Units: Apartments
  • Vacancy Allow: 2400
  • Vacancy Allow Percent: 25.00
  • Vacancy Rate: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $11,703 $955,086 $636,724 $318,362
2024 $11,703 $936,360 $624,240 $312,120
2023 $11,484 $918,000 $612,000 $306,000
2022 $10,962 $900,000 $600,000 $300,000
2021 $1,599 $104,622 $60,666 $43,956
2020 $1,608 $103,550 $60,044 $43,506
2019 $1,560 $101,520 $58,867 $42,653
2018 $1,421 $99,530 $57,713 $41,817
2016 $1,338 $95,668 $55,473 $40,195
2015 $1,322 $94,232 $54,640 $39,592
2014 $1,348 $92,387 $53,570 $38,817
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $1,245,000 +4.8% $563 / Sq Ft
06/16/2025 06/16/25 Price Changed $1,188,000 +6.1% $537 / Sq Ft
12/23/2024 12/23/24 Price Changed $1,120,000 -2.6% $506 / Sq Ft
09/05/2024 09/05/24 Price Changed $1,150,000 -10.7% $520 / Sq Ft
08/17/2024 08/17/24 Price Changed $1,288,000 -7.3% $582 / Sq Ft
05/13/2024 05/13/24 Price Changed $1,389,000 -0.7% $628 / Sq Ft
04/23/2024 04/23/24 Price Changed $1,399,000 -2.0% $632 / Sq Ft
12/27/2023 12/27/23 For Sale $1,428,000 +58.7% $646 / Sq Ft
09/20/2021 09/20/21 Sold $900,000 -28.0% $407 / Sq Ft
06/18/2021 06/18/21 Price Changed $1,250,000 +28.6% $565 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
04/07/2021 04/07/21 Price Changed $972,000 -8.7% $439 / Sq Ft
03/08/2021 03/08/21 For Sale $1,065,000 -- $481 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $900,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 Seller Take Back
Source: Public Records

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Source: The MLS

MLS Number: 23-321311

The MLS

APN: 5075-026-006