S
Seller's Agent in 2024
Stephanie Barnes
Real Estate eBroker, Inc.
2001 Valley St Los Angeles, CA 90057
Westlake NeighborhoodEstimated Value: $1,372,000 - $1,701,000
4
Beds
4
Baths
2,425
Sq Ft
$660/Sq Ft
Est. Value
Highlights
- Gated Community
- Corner Lot
- Tandem Covered Parking
- Open Floorplan
- Private Yard
- Living Room
About This Home
As of January 2024Attention Investors and Homebuyers! Incredible Opportunity: 4-Plex Back on the Market!!!!
Are you searching for the perfect real estate investment? Look no further! We are excited to present to you a remarkable 4-Plex that has just become available again and is ready to be sold ASAP. Don't miss out on this golden chance to secure a profitable venture or find your dream home with multiple income streams.
PLEASE DRIVE BY THE PROPERTY BEFORE SUBMITTING AN OFFER. ONE UNIT LEASED FOR 12 MONTHS FOR $3,675 PER MONTH! The other 3 units have had rent increases as of May 1st. Amazing four-plex opportunity minutes from Downtown Los Angeles! An FHA buyer's dream, this unique complex can be used for new owners to live in while renting the other three units. This well kept property consists of three 1bd/1ba bungalows and one large 1bd/1ba apartment located in the heart of the Historic Filipino Town. The adorable 1bd/1ba 1930's Spanish bungalows exude original charm with modern interiors. The bungalows are gut remodeled and re-imagined by the renowned firm Lehrer Architects. Functioning as independent homes with their own large fenced private yards. The bungalows feature open kitchen floor plans, high-end stainless-steel appliances, AC, laundry room, walk-in closets, updated flooring and bathrooms. The spacious apartment sits above the garage featuring an open living room, large kitchen, large walk-in closet, AC, recessed lighting, vinyl and wood flooring.
This gated and secure complex has it all and boasts newer electrical, copper plumbing, windows, and doors throughout the property. Covered remote-gated tandem parking spaces for each unit. Occupied units command very strong rents from high quality tenants. Newer developments in the immediate neighborhood include multiple large multi-family projects, a Target and more to come in the very near future. Perfect for investors who want to enjoy high market rental rates and strong long-term appreciation.
The property is also zoned R3 with big potential for developers to reimagine in a variety of ways. Take advantage of this moment to secure a property that not only offers immediate returns but also has the potential for long-term appreciation.
Do not disturb tenants!! Tour available upon accepted offer. Don't let this second chance slip away. Act quickly to secure this amazing 4-Plex investment opportunity.
Last Agent to Sell the Property
Stephanie Barnes
Real Estate eBroker, Inc. License #01845091 Listed on: 10/15/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,193
Year Built
- Built in 1930 | Remodeled
Lot Details
- 6,398 Sq Ft Lot
- No Common Walls
- Wood Fence
- Corner Lot
- Private Yard
- Front Yard
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Bungalow
- Entry on the 1st floor
- Turnkey
- Stucco
Interior Spaces
- 2,425 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Recessed Lighting
- Family Room
- Living Room
- Fire and Smoke Detector
Kitchen
- Gas Oven
- Gas Range
- Range Hood
- Microwave
- Water Line To Refrigerator
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Parking
- 5 Open Parking Spaces
- 8 Parking Spaces
- 3 Detached Carport Spaces
- Parking Available
- Tandem Covered Parking
- Automatic Gate
- Assigned Parking
- Controlled Entrance
Outdoor Features
- Exterior Lighting
Utilities
- Natural Gas Connected
- Water Heater
- Sewer Paid
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Legal Lot and Block 12 / B
- Tax Tract Number 67
- Assessor Parcel Number 5154004012
- $451 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $5,760
- Insurance Expense $1,200
- Trash Expense $1,560
- Water Sewer Expense $2,280
- Operating Expense $14,560
- Gross Income $128,196
- Net Operating Income $113,636
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 17, 2024
Sold by
Makarov Roman
Bought by
Lu Tiffany
Current Estimated Value
Purchase Details
Listed on
Oct 15, 2023
Closed on
Dec 13, 2023
Sold by
Hogan Raysean and Luen Mabel
Bought by
Lu Tiffany and Makarov Roman
Seller's Agent
Stephanie Barnes
Real Estate eBroker, Inc.
Buyer's Agent
Deborah Bush
Jason Mitchell Real Estate CA
List Price
$1,580,000
Sold Price
$1,530,000
Premium/Discount to List
-$50,000
-3.16%
Views
46
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.67%
Original Mortgage
$1,147,500
Interest Rate
7.44%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 9, 2019
Closed on
Jul 15, 2019
Sold by
Joshi Jaykumar V and Patwardhan Manasi Arun
Bought by
Hogan Raysean and Luen Mabel
Seller's Agent
Chad Lurtsema
The CMLgroup, Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$1,276,453
Interest Rate
3.75%
Mortgage Type
FHA
Purchase Details
Listed on
Sep 27, 2015
Closed on
Jan 8, 2016
Sold by
Adini Amiram and Adini Rivka
Bought by
Joshi Jaykumar V and Patwardhan Manasi Arun
Seller's Agent
tony azzi
Tony Azzi
Buyer's Agent
Chad Lurtsema
The CMLgroup, Inc.
List Price
$800,000
Sold Price
$675,000
Premium/Discount to List
-$125,000
-15.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.28%
Original Mortgage
$506,250
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 4, 2012
Sold by
Guzman Freddy and Orozco Silvia
Bought by
Adini Amiram and Adini Rivka
Purchase Details
Closed on
Oct 11, 2003
Sold by
Guzman Freddy
Bought by
Guzman Freddy and Orozco Silvia
Purchase Details
Closed on
May 1, 2003
Sold by
Orozco Silvia
Bought by
Guzman Freddy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
5.71%
Purchase Details
Closed on
Mar 23, 2003
Sold by
Lupian Maria Guadalupe
Bought by
Guzman Freddy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
5.71%
Purchase Details
Closed on
Feb 28, 2003
Sold by
Reyes Ernesto A and Reyes Purificacion D
Bought by
Lupian Maria Guadalupe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
5.71%
Purchase Details
Closed on
Aug 27, 2002
Sold by
Reyes Ernesto A and Reyes Purificacion D
Bought by
Lupian Maria Guadalupe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,850
Interest Rate
6.09%
Purchase Details
Closed on
Apr 23, 2002
Sold by
Reyes Ernesto A and Reyes Purificacion D
Bought by
Reyes Ernesto A and Reyes Purificacion D
Purchase Details
Closed on
Jul 31, 1998
Sold by
Trust Reyes Ernesto A Co Tr Reyes Family and Reyes Purificacion D
Bought by
Reyes Ernesto A and Reyes Purificacion D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
6.95%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lu Tiffany | -- | None Listed On Document | |
| Lu Tiffany | -- | None Listed On Document | |
| Lu Tiffany | $1,530,000 | Provident Title Company | |
| Hogan Raysean | $1,300,000 | Chicago Title Company | |
| Joshi Jaykumar V | $675,000 | None Available | |
| Adini Amiram | $344,500 | Fidelity Van Nuys | |
| Guzman Freddy | -- | -- | |
| Guzman Freddy | -- | Commonwealth Land Title Co | |
| Guzman Freddy | $250,000 | Commonwealth Land Title Co | |
| Lupian Maria Guadalupe | $226,500 | Commonwealth Land Title Co | |
| Lupian Maria Guadalupe | $226,500 | South Coast Title Company | |
| Reyes Ernesto A | -- | -- | |
| Reyes Ernesto A | -- | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lu Tiffany | $1,147,500 | |
| Previous Owner | Hogan Raysean | $102,947 | |
| Previous Owner | Hogan Raysean | $1,263,973 | |
| Previous Owner | Hogan Raysean | $1,276,453 | |
| Previous Owner | Joshi Jaykumar V | $605,000 | |
| Previous Owner | Joshi Jaykumar V | $506,250 | |
| Previous Owner | Guzman Freddy | $240,000 | |
| Previous Owner | Guzman Freddy | $500,000 | |
| Previous Owner | Guzman Freddy A | $250,000 | |
| Previous Owner | Guzman Freddy | $247,000 | |
| Previous Owner | Guzman Freddy | $237,500 | |
| Previous Owner | Lupian Maria Guadalupe | $203,850 | |
| Previous Owner | Reyes Ernesto A | $168,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/02/2024 01/02/24 | Sold | $1,530,000 | -3.2% | $631 / Sq Ft |
| 12/20/2023 12/20/23 | Price Changed | $1,580,000 | 0.0% | $652 / Sq Ft |
| 11/15/2023 11/15/23 | Pending | -- | -- | -- |
| 10/15/2023 10/15/23 | For Sale | $1,580,000 | +21.5% | $652 / Sq Ft |
| 08/07/2019 08/07/19 | Sold | $1,300,000 | -7.1% | $536 / Sq Ft |
| 07/08/2019 07/08/19 | Pending | -- | -- | -- |
| 04/08/2019 04/08/19 | Price Changed | $1,399,000 | -3.5% | $577 / Sq Ft |
| 03/09/2019 03/09/19 | For Sale | $1,450,000 | +114.8% | $598 / Sq Ft |
| 01/21/2016 01/21/16 | Sold | $675,000 | -15.6% | $278 / Sq Ft |
| 12/21/2015 12/21/15 | Pending | -- | -- | -- |
| 09/27/2015 09/27/15 | For Sale | $800,000 | -- | $330 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,193 | $1,545,300 | $1,222,100 | $323,200 |
| 2024 | $17,193 | $1,393,861 | $1,072,201 | $321,660 |
| 2023 | $16,865 | $1,366,531 | $1,051,178 | $315,353 |
| 2022 | $16,088 | $1,339,737 | $1,030,567 | $309,170 |
| 2021 | $15,887 | $1,313,468 | $1,010,360 | $303,108 |
| 2020 | $16,050 | $1,300,000 | $1,000,000 | $300,000 |
| 2019 | $8,860 | $716,315 | $451,013 | $265,302 |
| 2018 | $8,772 | $702,270 | $442,170 | $260,100 |
| 2016 | $4,693 | $365,527 | $212,207 | $153,320 |
| 2015 | $4,628 | $360,037 | $209,020 | $151,017 |
| 2014 | $4,670 | $352,985 | $204,926 | $148,059 |
Source: Public Records
Agents Affiliated with this Home
-
-
Deborah Bush
Buyer's Agent in 2024
Deborah Bush
Jason Mitchell Real Estate CA
(310) 895-0439
1 in this area
113 Total Sales
-
Chad Lurtsema
C
Seller's Agent in 2019
Chad Lurtsema
The CMLgroup, Inc.
(310) 694-8992
1 in this area
11 Total Sales
-
S
Buyer's Agent in 2019
Subscriber Non
Non-Participant Office
-
tony azzi
Seller's Agent in 2016
tony azzi
Tony Azzi
(310) 919-5460
1 in this area
54 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PT23192133
APN: 5154-004-012
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.
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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