$1,160,250
SOLD SEP 22, 2020 RENTED OCT 6, 2024
5 Beds
5 Baths
4,788 Sq Ft
6,600 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

11% Below List Price

25 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Central Air
  • Fireplace in Bathroom
  • Built-In Features
  • Ceiling Fan

About This Home

As of September 2020

Extensively remodeled 4 unit building with solid rents and great tenants. Gorgeous and huge units. A low maintenance building in a great location. Some major upgrades include: Kitchens, bathrooms, plumbing, electric, windows. 2 Units are fully renovated and 2 units partially. NO vacancy. Appliances included: Washer/dryers, stoves, fridges, dishwashers. This is a highly sought rental area. Over $80,000 per year in rental income.

Last Agent to Sell the Property

Jeff Markey

Thomas J. Gilleran License #01345956 Listed on: 07/17/2020

Last Buyer's Agent

Anita Estes

License #01299554

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,439

Year Built

  • Built in 1922

Lot Details

  • 6,600 Sq Ft Lot
  • East Facing Home

Home Design

  • Craftsman Architecture
  • Split Level Home

Interior Spaces

  • 4,788 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • Wood Flooring
  • Fireplace in Kitchen
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms
  • Fireplace in Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, cable TV, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5062-002-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,439

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 4788
  • Lot Acreage: 0.1515
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Kitchen, Bath, Living Room
  • Flooring: Hardwood
  • Bedrooms: 5
  • Laundry: In Unit
  • Total Bathrooms: 5.00
  • Equipment: Ceiling Fan, Built-Ins
  • Price Per S Q F T: 271.30

Exterior Features

  • Direction Faces: East
  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Water District: LADWP
  • Water Heater: Gas
  • Cooling: Central, Window Unit(s)
  • Heating: Wall
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Sewer: In Street
  • Water: District
  • Water Expense: 600.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 1200.00

Lot Info

  • Assessed Improvement Percent: 29.82
  • Assessed Improvement Value: 255000
  • Assessed Land Percent: 70.18
  • Assessed Land Value: 600000
  • Total Assessed Value: 855000
  • Assessor Parcel Number: 5062-002-010
  • Lot Size Area: 6600

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Cable TV, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 4
  • Total Annual Expense: 9200
  • Type Of Units: apartments
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 6800.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Aug 17, 2020
Sold by
Leonetti Matthew and Leonetti Mary E
Bought by
Weiner Brian S and Weiner Megan L
Seller's Agent
Jeff Markey
Thomas J. Gilleran
Buyer's Agent
Anita Estes
List Price
$1,299,000
Sold Price
$1,160,250
Premium/Discount to List
-$138,750
-10.68%
Total Days on Market
25
Current Estimated Value
$1,353,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,267
Avg. Annual Appreciation
3.34%
Original Mortgage
$870,187
Outstanding Balance
$780,949
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$572,568

Purchase Details

Closed on
Jun 17, 2016
Sold by
Thorne Jason M
Bought by
Leonetti Matthew and Leonetti Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,250
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2015
Sold by
Thorne Jason M
Bought by
Thorne Ana and Thorne Jason M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,222
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 10, 2010
Sold by
Thorne Ana V
Bought by
Thorne Ana and Thorne Jason M

Purchase Details

Closed on
Mar 15, 2010
Sold by
Randle Carl Wayne
Bought by
Thorne Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 2009
Sold by
Webster Byron and Randle Webster Christina
Bought by
Randle Carl Wayne

Purchase Details

Closed on
Mar 11, 2007
Sold by
Wright Louise
Bought by
Wright Louise
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 $1,160,500 Lawyers Title Company
Grant Deed $855,000 Nations Title Company Of Ca
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- None Available
Grant Deed $400,000 Fidelity National Title Co
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $870,187 New Conventional
Previous Owner $641,250 New Conventional
Previous Owner $536,222 FHA
Previous Owner $392,755 FHA
Previous Owner $269,000 Fannie Mae Freddie Mac
Previous Owner $240,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2024 10/06/24 Rented $3,495 0.0% --
09/24/2024 09/24/24 Price Changed $3,495 -2.8% $2 / Sq Ft
09/03/2024 09/03/24 Price Changed $3,595 -4.1% $2 / Sq Ft
08/12/2024 08/12/24 Price Changed $3,750 -3.7% $2 / Sq Ft
08/04/2024 08/04/24 For Rent $3,895 0.0% --
09/22/2020 09/22/20 Sold $1,160,250 -10.7% $242 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $1,299,000 -- $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
2024 $15,439 $1,231,265 $861,700 $369,565
2023 $15,150 $1,207,123 $844,804 $362,319
2022 $14,461 $1,183,455 $828,240 $355,215
2021 $14,263 $1,160,250 $812,000 $348,250
2020 $11,512 $907,332 $636,724 $270,608
2019 $11,069 $889,542 $624,240 $265,302
2018 $10,938 $872,100 $612,000 $260,100
2016 $5,550 $436,159 $327,121 $109,038
2015 $5,473 $429,609 $322,208 $107,401
2014 $5,516 $421,195 $315,897 $105,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-605990

The MLS

APN: 5062-002-010