2015 W West View St Los Angeles, CA 90016
Mid-City NeighborhoodEstimated Value: $1,020,000 - $1,704,000
5
Beds
5
Baths
4,788
Sq Ft
$283/Sq Ft
Est. Value
Highlights
- City Lights View
- Craftsman Architecture
- Central Heating and Cooling System
- Dual Staircase
- Granite Countertops
- Ceiling Fan
About This Home
As of June 2016This beautiful vintage Craftsman is an investor's dream! Upside potential galore, both in equity and income. Situated in a desirable quiet part of Mid Los Angeles, this property has been well cared for by the owner. The facade of the building just received a new coat of paint. One of the upstairs two bedroom units has been newly refurbished with new floors and paint and is in the process of being rented, so easy to show. Central AC and heat have been added to this unit as well. All units have washer/dryer hook-ups. The roof has been recently refurbished. Rents and tenants are stable, but the lower units have good upside potential. See proforma. This investment opportunity lies within an up-and-coming part of Los Angeles, close to Dockweiler, The Miracle Mile, Mid-LA and the like. Serious investors do not want to miss this beautiful 4-plex opportunity! Check the estimated Cap Rate!
Last Agent to Sell the Property
First Manhattan REALTORS License #01114985 Listed on: 05/20/2016
Last Buyer's Agent
Jeff Markey
Thomas J. Gilleran License #01345956
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,439
Year Built
- Built in 1922
Lot Details
- 6,600 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Property Views
- City Lights
- Neighborhood
Home Design
- Craftsman Architecture
- Property Attached
- Composition Roof
- Pre-Cast Concrete Construction
- Partial Copper Plumbing
Interior Spaces
- 4,788 Sq Ft Home
- 2-Story Property
- Dual Staircase
- Ceiling Fan
- 220 Volts In Laundry
Kitchen
- Granite Countertops
- Corian Countertops
- Ceramic Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Parking
- 8 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Unassigned Parking
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 89
- Tax Tract Number 2186
- Assessor Parcel Number 5062002010
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,338
- Trash Expense $920
- Water Sewer Expense $2,800
- New Taxes Expense $12,187
- Net Operating Income $4,965
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 17, 2020
Sold by
Leonetti Matthew and Leonetti Mary E
Bought by
Weiner Brian S and Weiner Megan L
Total Days on Market
69
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,187
Outstanding Balance
$787,846
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$481,358
Purchase Details
Listed on
May 20, 2016
Closed on
Jun 17, 2016
Sold by
Thorne Jason M
Bought by
Leonetti Matthew and Leonetti Mary E
Seller's Agent
Steve Murillo
First Manhattan REALTORS
Buyer's Agent
Jeff Markey
Thomas J. Gilleran
List Price
$975,000
Sold Price
$855,000
Premium/Discount to List
-$120,000
-12.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.52%
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
Similar Homes in Los Angeles, CA
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 |
|---|---|---|---|
| Weiner Brian S | $1,160,500 | Lawyers Title Company | |
| Leonetti Matthew | $855,000 | Nations Title Company Of Ca | |
| Thorne Jason M | -- | Lawyers Title | |
| Thorne Ana | -- | Accommodation | |
| Thorne Jason M | -- | Lawyers Title | |
| Thorne Ana | -- | None Available | |
| Thorne Ana | $400,000 | Fidelity National Title Co | |
| Randle Carl Wayne | -- | None Available | |
| Wright Louise | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Weiner Brian S | $870,187 | |
| Previous Owner | Leonetti Matthew | $641,250 | |
| Previous Owner | Thorne Jason M | $536,222 | |
| Previous Owner | Thorne Ana | $392,755 | |
| Previous Owner | Wright Louise | $269,000 | |
| Previous Owner | Wright Louise | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2016 06/30/16 | Sold | $855,000 | 0.0% | $179 / Sq Ft |
| 04/14/2016 04/14/16 | Rented | $2,200 | 0.0% | -- |
| 04/07/2016 04/07/16 | For Sale | $975,000 | 0.0% | $204 / Sq Ft |
| 04/02/2016 04/02/16 | For Rent | $2,200 | -- | -- |
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 |
|---|---|---|---|---|
| 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
-
Steve Murillo
Seller's Agent in 2016
Steve Murillo
First Manhattan REALTORS
(310) 545-8300
6 Total Sales
-
J
Buyer's Agent in 2016
Jeff Markey
Thomas J. Gilleran
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16072417
APN: 5062-002-010
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