NOT LISTED FOR SALE

Estimated Value: $834,000 - $1,330,000

6 Beds
4 Baths
3,312 Sq Ft
$326/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $889,000 $268 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,876/month

27 Days on Market

Highlights

  • Craftsman Architecture
  • Living Room with Fireplace
  • Pull-through
  • Maid or Guest Quarters
  • Breakfast Area or Nook
  • Balcony

About This Home

As of July 2020

INVESTORS!!!! 1ST TIME ON MARKET IN DECADES! 2 Story American Craftsman Style Triplex Building in desirable one of West Adams Best Historical Area's "Western Heights" (HPOZ). Large 7000 LARD2 zoned lot. Units are original and are being sold in it's as is condition. Property is in need of TLC renovations/upgrades. Excellent opportunity for Investors and Great owner-user opportunity. Largest downstairs Unit, 4 bedroom, 2 Bath, vacant at Close of Escrow. Two upstairs units 1 bedroom, 1 bath each tenant occupied & sold tenant occupied. Centrally located minutes from Freeways, Downtown LA, Airport, Beaches, Markets, Restaurants, etc. Property is located in HPOZ neighborhood and all exterior modifications will need HPOZ board approval. PLEASE DO NOT DISURB OCCUPANTS!

Last Agent to Sell the Property

Teresa Peters

Teresa Peters Executive Rlts License #01061510 Listed on: 05/15/2020

Last Buyer's Agent

Teresa Peters

Teresa Peters Executive Rlts License #01061510 Listed on: 05/15/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,875

Year Built

  • Built in 1906

Lot Details

  • 7,000

Home Design

  • Triplex
  • Craftsman Architecture
  • Major Repairs Completed
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 3,312 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Center Hall
  • Gas Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Maid or Guest Quarters
  • 4 Bathrooms
  • Bathtub with Shower

Home Security

  • Security System Owned
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Carport Spaces
  • Pull-through
  • Guest Parking

Utilities

  • Floor Furnace
  • Vented Exhaust Fan
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Balcony
  • 7,000 Sq Ft Lot

Community Details

  • 3 Units
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 5060-026-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,875

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Advertising Remarks: Disclosures: PROPERTY IS BEING SOLD IN IT'S CURRENT "AS IS" CONDITION. PROPERTY IS BEING SOLD TENANT OCCUPIED!! Property Is A Trust Sale. Trustee(s) has not lived at the property. Buyer to verify all relivant information sq ft, bed & bath to buyers satisfaction.
  • Living Area: 3312
  • Probate: No
  • Property Condition: Fixer, Repairs Major
  • Year Built: 1906
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace Rooms: Gas, Gas and Wood, Living Room
  • Bedrooms: 6
  • Bathroom Features: Shower and Tub
  • Dining Room: 1
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Vented Exhaust Fan
  • Price Per S Q F T: 271.44

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Paved: Yes
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 2
  • Other Spaces: 6
  • Parking Garage: Parking for Guests - Onsite, Pull-through
  • Total Parking: 6

Utilities

  • Water Heater: Gas
  • Cooling: Ceiling Fan
  • Heating: Floor Furnace
  • Number Electric Meters: 3
  • Security: Smoke Detector, Owned, Carbon Monoxide Detector(s)
  • Sewer: In Street
  • Water: Public

Lot Info

  • Assessed Improvement Value: 149368
  • Assessed Land Value: 224059
  • Assessor Parcel Number: 5060-026-009
  • Geocode Override: No
  • Lot Size Area: 7000

Rental Info

  • Land Lease Expiration Year: 0
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 30%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Jul 10, 2020
Sold by
Riggins Brenda A and Martha J Hail Revocable Trust
Bought by
Chavarria Rafael and Chavarria Eva
Seller's Agent
Teresa Peters
Teresa Peters Executive Rlts
Buyer's Agent
Teresa Peters
Teresa Peters Executive Rlts
List Price
$899,000
Sold Price
$889,000
Premium/Discount to List
-$10,000
-1.11%
Current Estimated Value
$1,080,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,180
Avg. Annual Appreciation
3.94%
Original Mortgage
$715,000
Interest Rate
3.1%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 28, 2017
Sold by
Hall Martha J
Bought by
Hall Martha J and Martha J Hall Revocable 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
Chavarria Rafael $889,000 First American Title Co
Hall Martha J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavarria Rafael $738,000
Closed Chavarria Rafael $715,000
Previous Owner Hall Martha J $237,900
Previous Owner Hall Martha J $100,000
Previous Owner Hall Martha J $150,850
Previous Owner Hall Martha J $250,000
Previous Owner Hall Martha J $174,268
Previous Owner Hall Martha J $178,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $889,000 -1.1% $268 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $899,000 0.0% $271 / Sq Ft
05/22/2020 05/22/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $899,000 -- $271 / 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 $11,875 $962,279 $745,794 $216,485
2024 $11,875 $943,412 $731,171 $212,241
2023 $11,654 $924,915 $716,835 $208,080
2022 $11,127 $906,780 $702,780 $204,000
2021 $10,978 $889,000 $689,000 $200,000
2020 $5,198 $396,282 $237,772 $158,510
2019 $5,006 $388,512 $233,110 $155,402
2018 $4,863 $380,895 $228,540 $152,355
2016 $4,622 $366,106 $219,666 $146,440
2015 $4,557 $360,608 $216,367 $144,241
2014 $4,591 $353,545 $212,129 $141,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-578526

The MLS

APN: 5060-026-009