NOT LISTED FOR SALE

Estimated Value: $787,000 - $1,057,000

4 Beds
4 Baths
3,732 Sq Ft
$254/Sq Ft Est. Value

Last Sold April 13, 2023

Last sale price $845,000 $226 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,254/month

71 Days on Market

Highlights

  • Spanish Architecture
  • Park
  • Detached Carport Space
  • No HOA
  • Laundry Room
  • Awning

About This Home

As of April 2023

When Opportunity knocks, you answer. Presenting this beautiful Spanish-styled 4-unit property located in a perfect location in the middle of everything. The property is within 5 mins of the 10 fwy, 10 mins from Downtown LA, 15 Mins from Hollywood, 15 mins from Beverly Hills. Each unit is occupied, with approx 900 sq feet of living space sitting on a large lot of nearly 5000 sq ft. It also has a bonus, which is the 4 car detached garage in the rear. Each unit has its own dedicated parking. The garage DOES qualify for LA Cities ADU conversion but buyers should do their own due diligence with the city of Los Angeles. This property comes with tons of opportunity and potential upside. Please DO NOT DISTURB the tenants. Drive-by ONLY.

Last Agent to Sell the Property

Daniel Howard

Compass License #01880426 Listed on: 01/11/2023

Compass

Last Buyer's Agent

Brett Alphin

Compass License #01998404

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,025

Year Built

  • Built in 1925

Lot Details

  • 4,762 Sq Ft Lot
  • Two or More Common Walls
  • Barbed Wire
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Detached Carport Space
  • Parking Available
  • Combination Of Materials Used In The Driveway

Home Design

  • Spanish Architecture
  • Quadruplex
  • Rolled or Hot Mop Roof

Interior Spaces

  • 3,732 Sq Ft Home
  • 2-Story Property
  • Awning

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 221220
  • Assessor Parcel Number 5075021016
  • $467 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Park

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $2,000
  • Trash Expense $1,000
  • Water Sewer Expense $2,400
  • Operating Expense $5,880
  • Net Operating Income $44,148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,025

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Price Per Unit: 249750
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD1.5
  • Architectural Style: Spanish
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 5075021016
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Main street and rear
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 226.42
  • Room Type: Kitchen

Exterior Features

  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Barbed Wire
  • Pool Private: No
  • Roof: Other, Rolled/Hot Mop

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport, Driveway - Combination, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4762.00
  • Lot Size Acres: 0.1093

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 900 Square Feet
  • Gross Scheduled Income: 50028.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 4762.0000 Square Feet
  • Net Operating Income: 44148.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5880.00
  • Rent Control: Yes
  • Total Actual Rent: 4169.00
  • Total Expenses: 5880.00

Tax Info

  • Tax Census Tract: 2212.20
  • Tax Lot: 5
  • Tax Tract Number: 221220
  • TaxOtherAnnualAssessmentAmount: 467.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Apr 11, 2023
Sold by
Rivera Anabelle
Bought by
Rivera Adrian
Seller's Agent
Daniel Howard
Compass
Buyer's Agent
Brett Alphin
Compass
List Price
$999,000
Sold Price
$845,000
Premium/Discount to List
-$154,000
-15.42%
Views
57
Current Estimated Value
$948,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,752
Avg. Annual Appreciation
5.16%

Purchase Details

Listed on
Jan 11, 2023
Closed on
Mar 24, 2023
Sold by
Keeling Forest
Bought by
Rivera Adrian
Seller's Agent
Daniel Howard
Compass
Buyer's Agent
Brett Alphin
Compass
List Price
$999,000
Sold Price
$845,000
Premium/Discount to List
-$154,000
-15.42%
Views
57

Purchase Details

Closed on
Feb 5, 2005
Sold by
Keeling Forest and The Earline Keeling Trust
Bought by
Keeling Forest

Purchase Details

Closed on
Jun 4, 1994
Sold by
Keeling Earline
Bought by
Keeling Earline
Source: Public Records

Range of Values:

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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
Rivera Adrian -- Chicago Title
Rivera Adrian $845,000 Chicago Title
Keeling Forest -- --
Keeling Earline -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Keeling Forest $166,975
Previous Owner Keeling Forest $200,000
Previous Owner Keeling Forest $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold $845,000 -15.4% $226 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $999,000 +18.2% $268 / Sq Ft
03/13/2023 03/13/23 Off Market $845,000 -- --
01/11/2023 01/11/23 For Sale $999,000 -- $268 / 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 $1,025 $44,797 $18,110 $26,687
2024 $1,025 $43,919 $17,755 $26,164
2023 $1,018 $43,058 $17,407 $25,651
2022 $990 $42,215 $17,066 $25,149
2021 $953 $41,388 $16,732 $24,656
2019 $935 $40,163 $16,237 $23,926
2018 $828 $39,376 $15,919 $23,457
2016 $753 $37,849 $15,301 $22,548
2015 $746 $37,282 $15,072 $22,210
2014 $779 $36,552 $14,777 $21,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23006098

California Regional Multiple Listing Service (CRMLS)

APN: 5075-021-016