NOT LISTED FOR SALE

Estimated Value: $1,380,097 - $1,676,000

8 Beds
4 Baths
4,484 Sq Ft
$328/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $1,300,000 $290 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,127/month

13 Days on Market

Highlights

  • Spanish Architecture
  • Neighborhood Views
  • Laundry Room
  • Granite Countertops
  • Crown Molding
  • Wrought Iron Fence

About This Home

As of February 2023

Mid City investors and owner users. Perfect for house hacking owner user. Top 2 units are vacant and have been remodeled, move into one and have 3 solid income producing apartments paying the mortgage. Also, 4 single car garages for more income. Top 2 units have new vinyl wood type flooring, newer kitchens including cabinetry and countertops (and a 3rd bedroom). All units have fireplaces/heaters/water heaters. Roof is newer. Laundry room area adjacent to garages has a tankless water heater. THIS BUILDING IS SPECIAL! There are TWO driveways, one on each side leading to the back parking, garages. There are TWO staircases, one in the formal front entry and a spiral in the back leading to upper deck and direct access to upper units. Watch the sunsets through the palm trees from the roof top deck. Current owners have approved plans and permits for additional building remodeling AND AN ADDITION OF A 2 BEDROOM ADU. Multiple streams of income potential at this building on large lot located close to freeways, USC, Korea Town, adjacent to Nate Holden Performing Arts Center. PLEASE DO NOT DISTURB TENANTS, CALL AGENT FOR INFO

Last Agent to Sell the Property

Jennifer Camp

Coldwell Banker Realty License #01021828 Listed on: 01/13/2023

Coldwell Banker Realty

Last Buyer's Agent

Shawn Mehrannia

Home Team Realty License #01874025

Home Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,591

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 7,308 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Spanish Architecture
  • Quadruplex
  • Fire Rated Drywall
  • Tile Roof
  • Pre-Cast Concrete Construction
  • Plaster
  • Stucco

Interior Spaces

  • 4,484 Sq Ft Home
  • Crown Molding
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Gas Range
  • Granite Countertops
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Urban Location
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 79
  • Tax Tract Number 4416
  • Assessor Parcel Number 5061016045
  • $646 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,591

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LARD2
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5061016045
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Crown Molding, Granite Counters, Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 289.92
  • Room Type: Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Plaster, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Laundry Features: Community, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7308.00
  • Lot Size Acres: 0.1678

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 7308.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 2591.00

Tax Info

  • Tax Census Tract: 2186.00
  • Tax Lot: 79
  • Tax Tract Number: 4416
  • TaxOtherAnnualAssessmentAmount: 646.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Feb 2, 2023
Sold by
Vanderwel Heidi and Vanderwel Elias B
Bought by
Team K Llc
Seller's Agent
Jennifer Camp
Coldwell Banker Realty
Buyer's Agent
Shawn Mehrannia
Home Team Realty
List Price
$1,299,000
Sold Price
$1,300,000
Premium/Discount to List
$1,000
0.08%
Views
63
Current Estimated Value
$1,469,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,274
Avg. Annual Appreciation
4.52%

Purchase Details

Closed on
Jul 8, 2005
Sold by
Coleman Kevin M
Bought by
Coleman Kevin M and Coleman Crystel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
2.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 26, 2005
Sold by
Anthony Marc S
Bought by
Coleman Kevin M and Coleman Crystel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
2.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 14, 1999
Sold by
Anthony John W
Bought by
Anthony Marc S and Anthony Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 1999
Sold by
Anthony Frances A
Bought by
Anthony John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Team K Llc $1,300,000 Fidelity National Title
Coleman Kevin M -- --
Coleman Kevin M $665,000 Advantage Title Inc
Anthony Marc S -- --
Anthony John W $290,000 Old Republic Title
Anthony John W -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coleman Kevin M $532,000
Previous Owner Anthony John W $261,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2023 02/14/23 Sold $1,300,000 +0.1% $290 / Sq Ft
01/13/2023 01/13/23 For Sale $1,299,000 -- $290 / 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 $16,591 $1,352,520 $936,360 $416,160
2024 $16,591 $1,326,000 $918,000 $408,000
2023 $17,203 $1,377,000 $816,000 $561,000
2022 $16,417 $1,350,000 $800,000 $550,000
2021 $10,893 $871,917 $587,897 $284,020
2019 $10,576 $846,057 $570,460 $275,597
2018 $10,159 $822,659 $559,275 $263,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23007423

California Regional Multiple Listing Service (CRMLS)

APN: 5061-016-045