$975,000
SOLD JUN 26, 2019
4 Beds
4 Baths
4,662 Sq Ft
6,651 Sq Ft Lot

Recently Sold

$209 Per Sq Ft

2% Below List Price

56 Days on Market

Highlights

  • 4 Car Attached Garage
  • Built-In Features
  • Ceiling Fan

About This Home

As of June 2019

This Quadruplex is located in the West Adams neighborhood and a great opportunity as it is within the highly desired USC vicinity. First time this property has been on the market in 44 years. Both top floor units are newly updated and are vacant. The renovated units have new flooring throughout, fresh paint, quartz kitchen counter tops, and newly updated bathrooms & kitchens. These large units are complete with eat-in breakfast nooks, formal dining rooms, ceiling fans, new light fixtures, lots of cabinets & closets including built-ins & a walk-in closet, turn of the century architecture with modern updates, in unit laundry rooms w/ washer/dryer hookups & 2 private entries. A must see centered in mid Los Angeles and close to USC, downtown and all that L.A. has to offer. ONLY 2 UNITS WILL BE DELIVERED VACANT BUYER/AGENTS MAY NOT AT ANY TIME PRIOR OR DURING ESCROW SPEAK TO TENANTS. DO NOT APPROACH TENANTS AND DO NOT TRESPASS ON THE PROPERTY. SELLER WILL NOT COOPERATE WITH TENANT BUY-OUTS

Last Agent to Sell the Property

April Bella

Keller Williams Larchmont License #02016884 Listed on: 04/02/2019

Keller Williams Larchmont

Last Buyer's Agent

April Bella

Keller Williams Larchmont License #02016884 Listed on: 04/02/2019

Keller Williams Larchmont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,466

Year Built

  • Built in 1927

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,662 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 6,651 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5058-023-045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,466

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4662
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins
  • Price Per S Q F T: 209.14

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 23849
  • Assessed Land Value: 23638
  • Assessor Parcel Number: 5058-023-045
  • Geocode Override: No
  • Lot Size Area: 6651

Rental Info

  • Number Leased: 2

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.73
  • Number Of Units: 4
  • Rent Control: 100%
  • Total Annual Expense: 3600
  • Type Of Units: Quadruplex
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
May 30, 2019
Sold by
Wesley James E and The Hunter Family Trust
Bought by
Rodriguez Javier
Seller's Agent
April Bella
Keller Williams Larchmont
Buyer's Agent
April Bella
Keller Williams Larchmont
Sold Price
$1,800
Current Estimated Value
$1,209,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,207,200
Avg. Annual Appreciation
5.72%
Original Mortgage
$926,250
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2019
Closed on
May 2, 2019
Sold by
Wesley James E
Bought by
The Hunter Family Trust
Seller's Agent
April Bella
Keller Williams Larchmont
Buyer's Agent
April Bella
Keller Williams Larchmont
List Price
$1,000,000
Sold Price
$975,000
Premium/Discount to List
-$25,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$926,250
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2015
Sold by
Wesley James E
Bought by
Wesley James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2015
Sold by
Wesley James E
Bought by
Wesley James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2007
Sold by
Harrell Ethel M
Bought by
Harrell Ethel M and The Ethel M Harrell Living Trust

Purchase Details

Closed on
Oct 1, 2002
Sold by
Harrell Ethel M
Bought by
Harrell Ethel M

Purchase Details

Closed on
Jan 19, 2002
Sold by
Thrash Vincent A
Bought by
Thrash Nadia M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $975,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $930,000 New Conventional
Closed $926,250 New Conventional
Previous Owner $487,000 New Conventional
Previous Owner $325,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $90,565 Unknown
Previous Owner $101,095 Unknown
Previous Owner $75,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2019 07/26/19 Rented $1,800 +5.9% --
07/16/2019 07/16/19 For Rent $1,700 0.0% --
06/26/2019 06/26/19 Sold $975,000 0.0% $209 / Sq Ft
06/16/2019 06/16/19 Rented $1,800 +5.9% --
05/28/2019 05/28/19 Price Changed $1,700 0.0% $2 / Sq Ft
05/28/2019 05/28/19 Pending -- -- --
05/27/2019 05/27/19 For Rent $1,750 0.0% --
05/20/2019 05/20/19 Price Changed $975,000 -2.5% $209 / Sq Ft
04/02/2019 04/02/19 For Sale $1,000,000 -- $215 / Sq Ft
Source: The MLS

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 $13,466 $1,087,626 $814,328 $273,298
2024 $13,466 $1,066,301 $798,361 $267,940
2023 $13,216 $1,045,394 $782,707 $262,687
2022 $12,618 $1,024,897 $767,360 $257,537
2021 $12,443 $1,004,802 $752,314 $252,488
2019 $1,210 $50,043 $24,592 $25,451
2018 $1,082 $49,075 $24,110 $24,965
2016 $10,748 $865,466 $692,376 $173,090
2015 $10,595 $45,858 $22,827 $23,031
2014 $929 $44,960 $22,380 $22,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-450292

The MLS

APN: 5058-023-045