NOT LISTED FOR SALE

Estimated Value: $1,398,000 - $2,268,000

10 Beds
6 Baths
4,922 Sq Ft
$365/Sq Ft Est. Value

Last Sold July 02, 2019

Last sale price $1,350,000 $274 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $11,091/month

139 Days on Market

About This Home

As of July 2019

Exceptional opportunity for an owner-user or investor to own four desirable high income-producing units in the heart of Mid-City Los Angeles. The unit mix consists of TWO 3bed/2bath and TWO 2bed/1bath for a total of (4) Units. The units feature spacious floor plans and feel more like a home than an apartment. SIX assigned parking spaces in the rear of the property. Both upstairs units feature balconies. The units are individually metered for both gas and electricity and each have their own water heater. Centrally located. Situated minutes from 1-10 Freeway and Metro Expo Line, providing an easy commute to Downtown and Westside Los Angeles. Perfect 1031 investment property or live in one unit and lease the others. Coin laundry in the back of the building for additional income. Building completely repainted last year. BRING ALL OFFERS!!!

Last Agent to Sell the Property

Winston Hardson

Winston Bernard Hardson License #01483406 Listed on: 01/15/2019

Last Buyer's Agent

Azita Tahsini

Beverly and Company, Inc. License #01256924

Beverly and Company, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,125

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,230

Interior Spaces

  • 4,922 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range
  • Electric Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Additional Features

  • 6,230 Sq Ft Lot
  • Central Heating

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5071-011-045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,125

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4922
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Ceiling Fan, Electric Dryer Hookup, Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 283.42

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Heating: Central

Lot Info

  • Assessed Improvement Value: 321300
  • Assessed Land Value: 749700
  • Assessor Parcel Number: 5071-011-045
  • Geocode Override: No
  • Lot Size Area: 6230

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.09
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 35365.95
  • Type Of Units: Multi-Family
  • Vacancy Rate: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2019
Closed on
Aug 15, 2019
Sold by
Basma Adam
Bought by
Basma Adam and The Adam Basma Revocable Livin
Seller's Agent
Winston Hardson
Winston Bernard Hardson
Buyer's Agent
Azita Tahsini
Beverly and Company, Inc.
List Price
$1,395,000
Sold Price
$1,350,000
Premium/Discount to List
-$45,000
-3.23%
Current Estimated Value
$1,798,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,418
Avg. Annual Appreciation
4.23%

Purchase Details

Listed on
Jan 15, 2019
Closed on
Jun 7, 2019
Sold by
Frey Brown Helene and Helene Brown Living Trust
Bought by
Basma Adam
Seller's Agent
Winston Hardson
Winston Bernard Hardson
Buyer's Agent
Azita Tahsini
Beverly and Company, Inc.
List Price
$1,395,000
Sold Price
$1,350,000
Premium/Discount to List
-$45,000
-3.23%

Purchase Details

Closed on
Oct 26, 2016
Sold by
Brown Helene Frey
Bought by
Brown Helene Frey and Helene Brown Living Trust 2005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$782,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 21, 2015
Closed on
Oct 21, 2015
Sold by
Johnson Gail Deculus
Bought by
The Helene Brown Living Trust
Seller's Agent
Denise Jackson
Premier Realty Associates
Buyer's Agent
Winston Hardson
Winston Bernard Hardson
List Price
$1,150,000
Sold Price
$1,050,000
Premium/Discount to List
-$100,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$787,500
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2007
Sold by
Johnson Le Ryall
Bought by
Johnson Gail Deculus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2004
Sold by
Neal Howard E
Bought by
Johnson Laryall and Johnson Gail Deculus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
4.14%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 24, 2000
Sold by
Delphine Group Llc
Bought by
Neal Howard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.53%

Purchase Details

Closed on
Jul 15, 1999
Sold by
Ward John S
Bought by
Delphine Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 1999
Sold by
Stroud Cynthia K
Bought by
Ward John S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 1999
Sold by
Wheatley Carl
Bought by
Ward John S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 1999
Sold by
Ward Sigalit D
Bought by
Ward John S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 1996
Sold by
Stroud Robert E
Bought by
Stroud Cynthia K
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
Basma Adam -- None Available
Basma Adam $1,350,000 Fidelity National Title Co
Brown Helene Frey -- Lawyers Title
The Helene Brown Living Trust $1,050,000 Fidelity National Title Co
Johnson Gail Deculus -- Ticor Title Co Glendale
Johnson Laryall $780,000 Commonwealth Land Title Comp
Neal Howard E $320,000 --
Delphine Group Llc -- --
Ward John S $112,000 First American Title Co
Ward John S $37,500 First American Title Co
Ward John S -- First American Title Co
Stroud Cynthia K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Helene Frey $782,000
Previous Owner The Helene Brown Living Trust $787,500
Previous Owner Johnson Gail Deculus $735,000
Previous Owner Johnson Laryall $585,000
Previous Owner Neal Howard E $249,700
Previous Owner Neal Howard E $240,000
Previous Owner Ward John S $204,750
Previous Owner Ward John S $204,750
Previous Owner Ward John S $204,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2019 07/02/19 Sold $1,350,000 -3.2% $274 / Sq Ft
06/05/2019 06/05/19 For Sale $1,395,000 0.0% $283 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $1,395,000 +32.9% $283 / Sq Ft
11/20/2015 11/20/15 Sold $1,050,000 -8.7% $213 / Sq Ft
10/13/2015 10/13/15 Pending -- -- --
07/21/2015 07/21/15 For Sale $1,150,000 -- $234 / 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 $18,125 $1,476,419 $1,093,645 $382,774
2024 $18,125 $1,447,470 $1,072,201 $375,269
2023 $17,784 $1,419,089 $1,051,178 $367,911
2022 $16,975 $1,391,265 $1,030,567 $360,698
2021 $16,748 $1,363,986 $1,010,360 $353,626
2019 $2,547 $1,114,267 $779,987 $334,280
2018 $13,660 $1,092,420 $764,694 $327,726
2016 $13,035 $1,050,000 $735,000 $315,000
2015 $11,304 $904,644 $579,902 $324,742
2014 $11,362 $886,924 $568,543 $318,381
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-423338

The MLS

APN: 5071-011-045