NOT LISTED FOR SALE

1811 S Sycamore Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,552,000 - $2,093,000

8 Beds
4 Baths
4,500 Sq Ft
$418/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $1,450,000 $322 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $10,921/month

102 Days on Market

About This Home

As of November 2017

A spacious and beautifully renovated four-unit apartment building located in the heart of the Mid City, one of the hottest rental neighborhoods. The units are gorgeous and are extremely attractive to renters and thoughtfully designed. The units have been completely renovated throughout and feature vinyl plank floors, lots of natural light, recessed lighting, new stainless steel appliances, backsplashes/counter tops, all new cabinetry and vanities and designer finishes. There is considerable storage throughout the unit and a terrific amount of pantry space in the kitchen

The property features new exterior paint, an attractive desert landscape (low maintenance/cost) , ample secured on-site parking (open spaces + 4 garage spots). The property is individually metered for gas and electricity and has a quaint courtyard/sitting area in the rear. Additionally, the property has newer windows and a newer roof. Each unit has washer/dryer hook ups as well.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 07/12/2017

Keller Williams South Bay

Last Buyer's Agent

Narayan Swaminathan

Excell Realty License #00664391

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,066

Year Built

  • Built in 1929

Lot Details

  • 6,250 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,500 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 5067017021

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $24,945
  • Gross Income $98,736
  • Net Operating Income $72,523

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,066

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.18
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5067017021
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 322.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6250.00

Multi Family

  • Gross Income: 98736.00
  • Gross Multiplier: 14.17
  • Gross Operating Income: 97468.00
  • Gross Scheduled Income: 98736.00
  • Net Operating Income: 72523.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24945.00
  • Rent Control: Yes
  • Total Expenses: 24945.00

Tax Info

  • Tax Census Tract: 2183.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2017
Closed on
Oct 31, 2017
Sold by
Mj Housing Llc
Bought by
Swaminathan Vidya and Stegers Till
Seller's Agent
Joshua Cohen
Keller Williams South Bay
Buyer's Agent
Narayan Swaminathan
Excell Realty
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%
Current Estimated Value
$1,767,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,105
Avg. Annual Appreciation
3.34%
Original Mortgage
$870,000
Outstanding Balance
$730,171
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$1,149,643

Purchase Details

Listed on
Apr 6, 2015
Closed on
Apr 14, 2015
Sold by
Williams Maevell
Bought by
Mj Housing Llc
Seller's Agent
Shirley Parker
James Johnson, Broker
Buyer's Agent
Shirley Parker
James Johnson, Broker
List Price
$620,000
Sold Price
$660,000
Premium/Discount to List
$40,000
6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.00%
Original Mortgage
$462,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 1999
Sold by
Williams Maevell
Bought by
Williams Maevell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
6.65%

Purchase Details

Closed on
Jul 30, 1997
Sold by
Williams Charles B
Bought by
Family Trust Charles B & Maevell William

Purchase Details

Closed on
Jul 21, 1997
Sold by
Williams Edward C
Bought by
Williams Charles B and Williams Maevell

Purchase Details

Closed on
Nov 19, 1996
Sold by
Williams Charles B
Bought by
Williams Edward C
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Swaminathan Vidya $1,450,000 Ticor Title
Mj Housing Llc $660,000 Chicago Title Company
Williams Maevell -- Gateway Title Company
Family Trust Charles B & Maevell William -- --
Williams Charles B -- --
Williams Edward C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swaminathan Vidya $870,000
Previous Owner Mj Housing Llc $462,000
Previous Owner Williams Maevell $131,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2017 11/30/17 Sold $1,450,000 +3.6% $322 / Sq Ft
10/22/2017 10/22/17 Pending -- -- --
09/14/2017 09/14/17 Price Changed $1,399,000 -6.4% $311 / Sq Ft
08/22/2017 08/22/17 Price Changed $1,495,000 0.0% $332 / Sq Ft
08/22/2017 08/22/17 For Sale $1,495,000 -6.3% $332 / Sq Ft
08/09/2017 08/09/17 Price Changed $1,595,000 0.0% $354 / Sq Ft
08/04/2017 08/04/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $1,595,000 +141.7% $354 / Sq Ft
05/11/2015 05/11/15 Sold $660,000 +6.5% $147 / Sq Ft View Prior Sale
04/09/2015 04/09/15 Pending -- -- --
04/06/2015 04/06/15 For Sale $620,000 -- $138 / 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 $20,066 $1,649,847 $1,137,827 $512,020
2024 $20,066 $1,617,498 $1,115,517 $501,981
2023 $19,685 $1,585,784 $1,093,645 $492,139
2022 $18,781 $1,554,691 $1,072,201 $482,490
2021 $18,536 $1,524,208 $1,051,178 $473,030
2019 $17,987 $1,479,000 $1,020,000 $459,000
2018 $17,821 $1,450,000 $1,000,000 $450,000
2017 $8,633 $683,464 $478,425 $205,039
2016 $8,398 $670,064 $469,045 $201,019
2015 $4,688 $358,704 $185,995 $172,709
2014 $4,730 $351,678 $182,352 $169,326
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joshua Cohen

    Keller Williams South Bay

    Section Image

  • N

    Buyer's Agent in 2017

    Narayan Swaminathan

    Excell Realty

  • S

    Seller's Agent in 2015

    Shirley Parker

    James Johnson, Broker

    (866) 815-1803

    10 Total Sales

    Shirley Parker
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17158441

California Regional Multiple Listing Service (CRMLS)

APN: 5067-017-021

California Los Angeles County Los Angeles 90019 Mid-City

1811 S Sycamore Ave, Los Angeles, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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