NOT LISTED FOR SALE
-- Bed
-- Bath
10,495 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: May 18, 2013

Last sale price $3,500,000 $333 Per Sq Ft

145 Days on Market

Highlights

  • 0.28 Acre Lot
  • Traditional Architecture
  • No Heating

About This Home

As of May 2013

Developers! Builders! Investors! What an amazing opportunity to own your own piece of West LA. Near everything that is important, the restaurants on Sawtelle, near light rail stations (upcoming), the Westside Pavillion, UCLA, Westwood, Santa Monica and Century City; all nearby. Immediate access to the 405 and 10 fwys. Each of these 8 units were built with the intention to be subdivided and separately parceled. Add this property to your portfolio, or begin your condo conversion! Each unit features 2 subterranean parking spaces that have direct access to the unit(s). Each unit has washer dryer hookups. Guest parking spots are available also. This building is in immaculate condition. Gas and Electricity are separately metered. Water is not. Ranging from 1200 square feet to 1500 square feet, these units are well laid out and very functional. Below market rents, a great opportunity to create a good cap rate!

Last Agent to Sell the Property

Sunil Mehta

Laurus Realty License #01485497 Listed on: 11/05/2012

Last Buyer's Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 12,093 Sq Ft Lot
  • Lot Dimensions are 82x147

Parking

  • 20 Parking Spaces

Home Design

  • Traditional Architecture
  • Stucco

Interior Spaces

  • 10,495 Sq Ft Home
  • Multi-Level Property

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 4261029031
  • Tax Block 25

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Insurance Expense $3,000
  • New Taxes Expense $23,594
  • Gross Income $15,550
  • Net Operating Income $184,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.28 Acres

Listing Details

  • Assessments: No
  • CapRate: 4.85
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 4261029031
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Multi/Split
  • Price Per Square Foot: 333.49

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 20.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 82x147
  • Lot Size Sq Ft: 12093.00
  • Lot Size Acres: 0.2780

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1350
  • Gross Income: 15550.00
  • Gross Multiplier: 20.36
  • Gross Scheduled Income: 186600.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 12093.0000 Square Feet
  • Net Operating Income: 184200.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 2400.00

Tax Info

  • New Taxes Expense: 23594.00
  • Tax Area: 67
  • Tax Block: 25
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/18/2013 05/18/13 Sold $3,500,000 -7.9% $333 / Sq Ft
03/30/2013 03/30/13 Pending -- -- --
11/05/2012 11/05/12 For Sale $3,800,000 -- $362 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $53,070 $4,309,992 $2,462,853 $1,847,139
2024 $52,430 $4,225,483 $2,414,562 $1,810,921
2023 $51,428 $4,142,631 $2,367,218 $1,775,413
2022 $49,066 $4,061,403 $2,320,802 $1,740,601
2021 $48,442 $3,981,769 $2,275,297 $1,706,472
2019 $47,008 $3,865,809 $2,207,811 $1,657,998
2018 $46,346 $3,790,052 $2,164,521 $1,625,531
2016 $44,278 $3,640,824 $2,080,471 $1,560,353
2015 $43,631 $3,586,137 $2,049,221 $1,536,916
2014 $43,795 $3,515,890 $2,009,080 $1,506,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P840214

California Regional Multiple Listing Service (CRMLS)
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