NOT LISTED FOR SALE

Estimated Value: $1,146,000 - $1,689,000

6 Beds
4 Baths
3,512 Sq Ft
$425/Sq Ft Est. Value

Last Sold May 03, 2022

Last sale price $1,337,400 $381 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,340/month

6 Days on Market

Highlights

  • Fireplace in Bathroom
  • Spanish Architecture
  • Views
  • Engineered Wood Flooring
  • Walk-In Closet
  • Ceiling Fan

About This Home

As of May 2022

This multi-unit property has a total of 4 Units. Two of the units are 1 bedroom, 1 bath and 2 units have been converted (with permits) to a 2-bedroom 1 bath, There are permits to convert both 1 bedroom units to 2 bedrooms. This property has been recently painted and is close to USC and Downtown Los Angeles. Listing Agent is related to Seller.

Last Agent to Sell the Property

Dieceintia La Rue-Mathews

econdo.com License #01384484 Listed on: 01/25/2022

Last Buyer's Agent

Mark Jones

eXp Realty of California Inc License #02064623

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,215

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 6,800 Sq Ft Lot
  • South Facing Home
  • Fenced
  • Front Yard

Home Design

  • Spanish Architecture
  • Split Level Home
  • Pillar, Post or Pier Foundation
  • Clay Roof
  • Quake Bracing
  • Stucco

Interior Spaces

  • 3,512 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Engineered Wood Flooring
  • Property Views

Kitchen

  • Gas Oven
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Driveway
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Water Conditioner
  • Sewer in Street

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5041-006-030

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • Vacancy Allowance $2,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,215

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Multi/Split
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: No
  • Entry Location: Main Level
  • Living Area: 3512
  • Lot Acreage: 0.1561
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 0
  • Number Dishwasher: 1
  • Number Disposal: 4
  • Fireplace Rooms: Bath, Living Room, Kitchen, Dining, Gas
  • Flooring: Engineered Hardwood, Mixed
  • Appliances: Oven-Gas, Free Standing Gas
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Gas Dryer Hookup, Water Conditioner
  • Price Per S Q F T: 427.11

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Pillar/Post/Pier, Quake Bracing
  • Paved: Yes
  • Pool: No
  • Roof: Clay
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Other Spaces: 6
  • Garage Structures: 0
  • Parking Garage: Assigned, Driveway - Concrete
  • Total Parking: 6

Utilities

  • Volt 220: In Laundry
  • Water District: DWP
  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street Paid
  • Water: District
  • Water Expense: 400.00
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 27.16
  • Assessed Improvement Value: 273537
  • Assessed Land Percent: 72.84
  • Assessed Land Value: 733479
  • Total Assessed Value: 1007016
  • Assessor Parcel Number: 5041-006-030
  • Lot Description: Fenced, Front Yard
  • Lot Size Area: 6800

Rental Info

  • Total Actual Rent: 68400.00
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 0.04
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: 4 units
  • Vacancy Allow: 2200
  • Vacancy Allow Percent: 25.00
  • Vacancy Rate: 1 Unit

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2019
Sold by
Tanner Darryl and Tanner Stacy
Bought by
Tanner Darryl and Tanner Stacy
Current Estimated Value
$1,491,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.3%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 12, 2018
Sold by
Martin Jason
Bought by
Tanner Darryl and Tanner Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,750
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2017
Sold by
Martin Jason R
Bought by
Martin Jason

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
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2014
Sold by
Hicks Frank Rock
Bought by
The Frank R Hicks Jr Living Trust

Purchase Details

Closed on
Feb 4, 2009
Sold by
Hicks Frank Rock
Bought by
Hicks Frank Rock

Purchase Details

Closed on
Jan 25, 2007
Sold by
Martin Jason R
Bought by
Hicks Frank R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2004
Sold by
Kemp Sacha
Bought by
Martin Jason R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2004
Sold by
Hicks Frank R
Bought by
Hicks Frank R and Martin Jason R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2002
Sold by
Hicks Frank R
Bought by
Hicks Frank R and Martin Jason R
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
Tanner Darryl -- Stewart Title Of Ca Inc
Tanner Darryl $1,025,000 Stewart Title
Martin Jason -- Stewart Title
The Frank R Hicks Jr Living Trust -- Accommodation
Hicks Frank Rock -- None Available
Hicks Frank R -- Chicago Title Co
Martin Jason R -- Fidelity National Title
Hicks Frank R -- Fidelity National Title
Hicks Frank R -- Fidelity National Title
Hicks Frank R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tanner Darryl $120,000
Previous Owner Tanner Darryl $768,750
Previous Owner Martin Jason $400,000
Previous Owner Hicks Frank R $314,000
Previous Owner Hicks Frank R $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2022 05/03/22 Sold $1,337,400 -10.8% $381 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $1,500,000 -- $427 / 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 $17,215 $1,419,258 $848,966 $570,292
2024 $17,215 $1,391,430 $832,320 $559,110
2023 $16,887 $1,364,148 $816,000 $548,148
2022 $12,494 $1,027,155 $748,148 $279,007
2021 $12,328 $1,007,016 $733,479 $273,537
2019 $12,526 $1,025,000 $717,500 $307,500
2018 $10,880 $878,000 $738,000 $140,000
2017 $4,572 $358,493 $194,185 $164,308
2016 $4,431 $351,465 $190,378 $161,087
2015 $4,369 $346,187 $187,519 $158,668
2014 $4,410 $339,406 $183,846 $155,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-121695

The MLS

APN: 5041-006-030