NOT LISTED FOR SALE

Estimated Value: $998,000 - $1,025,000

5 Beds
3 Baths
2,516 Sq Ft
$403/Sq Ft Est. Value

Last Sold September 12, 2024

Last sale price $975,000 $388 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,461/month

64 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of September 2024

Exquisite Corner Residence with Two Detached Income Properties

Welcome to a truly exceptional find nestled in the historic heart of Los Angeles! This expansive corner property not only features a spacious main home but also boasts two detached income properties, offering unmatched income potential and versatility.

Upon entering the main residence, you'll be greeted by the elegance of a three-bedroom, one-bathroom layout adorned with timeless hardwood floors throughout. The spacious living room, centered around a cozy fireplace, sets the stage for gatherings and relaxation, while the adjacent dining room provides the perfect backdrop for hosting large family dinners and creating cherished memories.

The main home features three generously sized bedrooms, offering ample space for a growing family or accommodating guests. The kitchen is a true culinary haven, boasting an impressive size and equipped to handle the preparation for large family meals with ease. Adjacent to the kitchen, a spacious bonus service porch offers versatility as either an office space or a convenient laundry room. This rare find also showcases coved ceilings and ample storage/closet space, ensuring both comfort and practicality. Let’s not forget the front porch that is designed for sunset relaxation or morning coffees with the family where you will experience true tranquility greeted by an amazing avocado tree.

Adding to the allure of this property are two detached one-bedroom, one-bathroom apartment units, each with private entrances and elegantly remodeled interiors. These units present an incredible opportunity for additional income or flexible living arrangements, catering perfectly to savvy investors or multi-generational families.

Convenience meets luxury with three garages providing ample parking and storage options. Outside, a lush backyard awaits, complete with a beautiful garden and a meyer lemon tree, offering a serene retreat for relaxation or outdoor entertaining.

Situated in a historic part of Los Angeles, this property embodies the perfect blend of charm, character, and potential. With its rare combination of size, income potential, and prime location, this home is certain to captivate discerning buyers. Don't let this extraordinary opportunity slip away – schedule a showing today before it's too late!

Please note: The main home AND both of the apartments will be delivered vacant and have upgraded copper plumbing throughout.

Last Agent to Sell the Property

Isadore Hall

NextHome Bella Properties Brokerage Phone: 310-505-4490 License #01276622 Listed on: 06/06/2024

NextHome Bella Properties

Last Buyer's Agent

Scott Harvey

Figure 8 Realty License #01963157

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,108

Year Built

  • Built in 1922

Lot Details

  • 5,303 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LAR1

Parking

  • 2 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,516 Sq Ft Home
  • 1-Story Property
  • Dining Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1507
  • Assessor Parcel Number 5035022001
  • $429 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,108

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 383000
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 50.00
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 5035022001
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: ground
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Dining Room
  • Levels: One
  • Price Per Square Foot: 387.52
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5303.00
  • Lot Size Acres: 0.1217

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 94200.00
  • Gross Scheduled Income: 94200.00
  • Insurance Expense: 6250.00
  • Lot Size Area: 5303.0000 Square Feet
  • Net Operating Income: 87500.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6700.00
  • Rent Control: Yes
  • Total Expenses: 6700.00

Tax Info

  • Tax Census Tract: 2314.00
  • Tax Lot: 1
  • Tax Tract Number: 1507
  • TaxOtherAnnualAssessmentAmount: 429.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Aug 7, 2024
Sold by
Guy Lewis And Ann Lewis Living Trust and Lewis Ann
Bought by
Scruton Gregory and Cardassi Nicole
Seller's Agent
Isadore Hall
NextHome Bella Properties
Buyer's Agent
Scott Harvey
Figure 8 Realty
List Price
$1,199,000
Sold Price
$975,000
Premium/Discount to List
-$224,000
-18.68%
Views
16
Current Estimated Value
$1,012,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,827
Avg. Annual Appreciation
3.59%
Original Mortgage
$730,000
Outstanding Balance
$720,497
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$292,330

Purchase Details

Closed on
Feb 14, 2019
Sold by
Lewis Guy and Lewis Ann
Bought by
Lewis Guy and Lewis Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,341
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2001
Sold by
Lewis Guy and Lewis Ann
Bought by
Guy Lewis & Ann Lewis Living Trust
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
Scruton Gregory $975,000 Fidelity National Title
Lewis Guy -- Title Source Inc
Lewis Guy -- Title Source Inc
Guy Lewis & Ann Lewis Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scruton Gregory $730,000
Previous Owner Lewis Guy $135,341
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2024 09/12/24 Sold $975,000 0.0% $388 / Sq Ft
09/12/2024 09/12/24 Sold $975,000 -15.1% $388 / Sq Ft View Prior Sale
09/10/2024 09/10/24 Price Changed $1,149,000 0.0% $457 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
08/05/2024 08/05/24 Pending -- -- --
07/10/2024 07/10/24 Price Changed $1,149,000 0.0% $457 / Sq Ft
07/10/2024 07/10/24 Price Changed $1,149,000 -4.2% $457 / Sq Ft
06/06/2024 06/06/24 For Sale $1,199,000 0.0% $477 / Sq Ft
06/02/2024 06/02/24 For Sale $1,199,000 -- $477 / 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 $1,108 $975,000 $780,000 $195,000
2024 $1,108 $63,930 $26,304 $37,626
2023 $1,097 $62,678 $25,789 $36,889
2022 $1,061 $61,450 $25,284 $36,166
2021 $1,030 $60,246 $24,789 $35,457
2020 $1,033 $59,629 $24,535 $35,094
2019 $1,006 $58,460 $24,054 $34,406
2018 $926 $57,315 $23,583 $33,732
2016 $860 $55,091 $22,668 $32,423
2015 $850 $54,264 $22,328 $31,936
2014 $874 $53,202 $21,891 $31,311
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24116107

California Regional Multiple Listing Service (CRMLS)

APN: 5035-022-001