NOT LISTED FOR SALE

186 S Mountain View Ave Los Angeles, CA 90057

Westlake Neighborhood

Estimated Value: $1,666,885 - $2,102,000

8 Beds
4 Baths
5,840 Sq Ft
$316/Sq Ft Est. Value

Last Sold January 14, 2016

Last sale price $960,000 $164 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $11,486/month

476 Days on Market

About This Home

As of January 2016

"SHOW ME THE MONEY" Great income generating opportunity from this building. Approx. 5840 sq ft living area, Property in generating great cash flow for last 10yrs and its well maintained and kept up. Its location is minutes from all major freeways and shopping. Also features 4 separate individual garages. Motivated Seller will work with any reasonable buyer.

Last Agent to Sell the Property

Sameer Jafri

Homequest Real Estate License #01345113 Listed on: 05/28/2015

Homequest Real Estate

Last Buyer's Agent

Sameer Jafri

Homequest Real Estate License #01345113 Listed on: 05/28/2015

Homequest Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,978

Year Built

  • Built in 1924

Lot Details

  • 6,267 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • Property Attached
  • Additions or Alterations

Interior Spaces

  • 5,840 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 2084
  • Assessor Parcel Number 5154005011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,800
  • Insurance Expense $1,300
  • Water Sewer Expense $3,000
  • New Taxes Expense $12,600
  • Gross Income $9,000
  • Net Operating Income $88,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,978

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 9.20
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 5154005011
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 164.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6267.00
  • Price Per Lot Square Foot: 153.18
  • Lot Size Acres: 0.1440

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 9000.00
  • Gross Scheduled Income: 108000.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 6267.0000 Square Feet
  • Net Operating Income: 88100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 19900.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12600.00
  • Tax Lot: 10
  • Tax Tract Number: 2084
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2020
Sold by
Talwar Jindi K
Bought by
Talwar Devinder
Current Estimated Value
$1,848,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Outstanding Balance
$565,359
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,196,458

Purchase Details

Closed on
Dec 20, 2018
Sold by
Akbar Kamran
Bought by
Akbar Kamran and Talwar Devinder

Purchase Details

Listed on
May 28, 2015
Closed on
Jan 8, 2016
Sold by
Khan Ammara
Bought by
Akbar Kamran
Seller's Agent
Sameer Jafri
Homequest Real Estate
Buyer's Agent
Sameer Jafri
Homequest Real Estate
List Price
$950,000
Sold Price
$960,000
Premium/Discount to List
$10,000
1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$672,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 28, 2015
Closed on
Dec 31, 2015
Sold by
Sherwani Sonia
Bought by
Akbar Kamran
Seller's Agent
Sameer Jafri
Homequest Real Estate
Buyer's Agent
Sameer Jafri
Homequest Real Estate
List Price
$950,000
Sold Price
$960,000
Premium/Discount to List
$10,000
1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2002
Sold by
Sherwani Abdul Khaliq
Bought by
Sherwani Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.88%

Purchase Details

Closed on
Sep 24, 2002
Sold by
Hussaini Zuhra S
Bought by
Sherwani Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.88%

Purchase Details

Closed on
May 8, 1996
Sold by
Tirado Alex E
Bought by
Tirado Alex E and The Alex E Tirado Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,336
Interest Rate
8.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 22, 1996
Sold by
Tirado Alex E and The Alex E Tirado Trust
Bought by
Hussaini Zuhra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,336
Interest Rate
8.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 23, 1994
Sold by
Tirado Alex E
Bought by
Alex E Tirado 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
Talwar Devinder -- Usa National Title Company
Akbar Kamran -- None Available
Akbar Kamran -- Western Resources Title
Akbar Kamran $960,000 Western Resources Title Co
Sherwani Sonia -- First American Title Co
Sherwani Sonia $290,000 First American Title Co
Tirado Alex E -- Stewart Title
Hussaini Zuhra S $179,000 Stewart Title
Alex E Tirado Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Talwar Devinder $635,000
Closed Akbar Kamran $672,000
Previous Owner Sherwani Sonia $232,000
Previous Owner Hussaini Zuhra S $174,336
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2016 01/14/16 Sold $960,000 +1.1% $164 / Sq Ft
09/21/2015 09/21/15 Pending -- -- --
06/02/2014 06/02/14 For Sale $950,000 -- $163 / 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 $16,978 $1,382,544 $830,029 $552,515
2024 $16,978 $1,355,436 $813,754 $541,682
2023 $16,659 $1,328,860 $797,799 $531,061
2022 $15,899 $1,302,805 $782,156 $520,649
2021 $15,678 $1,277,261 $766,820 $510,441
2020 $15,833 $1,264,166 $758,958 $505,208
2019 $12,624 $1,018,759 $488,155 $530,604
2018 $12,502 $998,784 $478,584 $520,200
2016 $7,608 $599,064 $244,688 $354,376
2015 $6,789 $530,229 $241,013 $289,216
2014 $6,836 $519,843 $236,292 $283,551
Source: Public Records

Agents Affiliated with this Home

  • Sameer Jafri

    Seller's Agent in 2016

    Sameer Jafri

    Homequest Real Estate

    (714) 623-2865

    30 Total Sales

    Sameer Jafri
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14114815

California Regional Multiple Listing Service (CRMLS)

APN: 5154-005-011

California Los Angeles County Los Angeles 90057 Westlake

186 S Mountain View Ave, Los Angeles, CA

This home is located at 186 S Mountain View Ave, Los Angeles, CA 90057 since 28 May 2015 and is currently estimated at $1,848,221, approximately $316 per square foot. This property was built in 1924. 186 S Mountain View Ave is a home located in Los Angeles County with nearby schools including Union Avenue Elementary, Sal Castro Middle School, and Belmont High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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