NOT LISTED FOR SALE

Estimated Value: $2,446,000 - $3,195,000

20 Beds
13 Baths
7,337 Sq Ft
$369/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $2,050,000 $279 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $16,434/month

109 Days on Market

Highlights

  • New Construction
  • Central Heating and Cooling System
  • 3-minute walk to Chesterfield Square Park
  • 8 Car Attached Garage
  • Gated Home

About This Home

As of November 2019

BRAND NEW FOURPLEX JUST COMPLETED IN TAX OPPORTUNITY ZONE. TAKE ADVANTAGE OF THIS GREAT OPPORTUNITY TO OWN A GREAT BRAND-NEW INVESTMENT ( 7.34 CAP), AND DEFER OR ELIMINATE FEDERAL TAXES ON YOUR CAPITAL GAINS (CONSULT YOUR TAX CPA). Two Large size duplexes Total 7,337 SQ Ft, plus 8 Car Garages (1541 SQ FT). Each unit has 5 large bedrooms and two Units have 3 bathrooms and two others have 3 1/2 Baths. Large size kitchens with Granite countertops and laminated flooring, and many more... with Block walls and gated. Very close to USC, stadiums and major developments in downtown. Each unit is metered separately for water, Gas, and Electric. Buyer will only pay property tax and insurance. Property is leased for $14,800 a month net, with A 3 years lease. A must see to appreciate. Interior inspection upon accepted offer and an open escrow.

Last Agent to Sell the Property

Mike Hassani

Home Team Realty License #01309514 Listed on: 06/18/2019

Home Team Realty

Last Buyer's Agent

Paul Fisher

Compass License #02018310

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,202

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 7,305 Sq Ft Lot
  • Gated Home

Parking

  • 8 Car Attached Garage

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 7,337 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 13 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5005-016-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,202

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

8

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: BRAND NEW FOURPLEX JUST COMPLETED IN TAX OPPORTUNITY ZONE. TAKE ADVANTAGE OF THIS GREAT OPPORTUNITY TO OWN A GREAT BRAND-NEW INVESTMENT ( 7.34 CAP), AND DEFER OR ELIMINATE FEDERAL TAXES ON YOUR CAPITAL GAINS (CONSULT YOUR TAX CPA). Two Large size duplexes Total 7,337 SQ Ft, plus 8 Car Garages (1541 SQ FT). Each unit has 5 large bedrooms and two Units have 3 bathrooms and two others have 3 1/2 Baths. Large size kitchens with Granite countertops and laminated flooring, and many more... with Block walls and gated. Very close to USC, stadiums and major developments in downtown. Each unit is metered separately for water, Gas, and Electric. Buyer will only pay property tax and insurance. Property is leased for $14,800 a month net, with A 3 years lease. A must see to appreciate. Interior inspection upon accepted offer and an open escrow.
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 7337
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2019
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 13.00
  • Den: 0
  • Equipment: Gas Dryer Hookup, Hood Fan
  • Price Per S Q F T: 279.41

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 8
  • Garage Structures: 4
  • Parking Garage: Attached
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Gated
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 52463
  • Assessed Land Value: 124010
  • Assessor Parcel Number: 5005-016-015
  • Geocode Override: No
  • Lot Size Area: 7305

Rental Info

  • Total Actual Rent: 177600.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.54
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 27000
  • Type Of Units: fouplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2019
Closed on
Dec 30, 2019
Sold by
Yson Erika Maria S
Bought by
Fisher Paul
Seller's Agent
Mike Hassani
Home Team Realty
Buyer's Agent
Paul Fisher
Compass
List Price
$2,150,000
Sold Price
$2,050,000
Premium/Discount to List
-$100,000
-4.65%
Current Estimated Value
$2,600,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$550,120
Avg. Annual Appreciation
4.99%
Original Mortgage
$205,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2019
Closed on
Nov 18, 2019
Sold by
Briggs Baverly R Narma
Bought by
Briggs William
Seller's Agent
Mike Hassani
Home Team Realty
Buyer's Agent
Paul Fisher
Compass
List Price
$2,150,000
Sold Price
$2,050,000
Premium/Discount to List
-$100,000
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2019
Closed on
Nov 13, 2019
Sold by
Briggs William
Bought by
Fisher Paul
Seller's Agent
Mike Hassani
Home Team Realty
Buyer's Agent
Paul Fisher
Compass
List Price
$2,150,000
Sold Price
$2,050,000
Premium/Discount to List
-$100,000
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2019
Closed on
Nov 8, 2019
Sold by
Mike & Peter Development Llc
Bought by
Briggs William
Seller's Agent
Mike Hassani
Home Team Realty
Buyer's Agent
Paul Fisher
Compass
List Price
$2,150,000
Sold Price
$2,050,000
Premium/Discount to List
-$100,000
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2018
Closed on
Apr 27, 2018
Sold by
Birden Frank
Bought by
Mike & Peter Development Llc
Seller's Agent
Alvin Mullins
Your Home Team Real Estate
Buyer's Agent
Daniel Diaz
First Family Homes
List Price
$375,000
Sold Price
$705,000
Premium/Discount to List
$330,000
88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.90%

Purchase Details

Closed on
Mar 5, 2007
Sold by
Neville Catherine
Bought by
Catherine Neville Revocable Trust

Purchase Details

Closed on
May 25, 1995
Sold by
Neville Tony Jessee and Neville Tony
Bought by
Neville Catherine
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fisher Paul -- None Available
Briggs William -- Provident Title Company
Fisher Paul -- None Available
Briggs William $2,050,000 Provident Title Company
Mike & Peter Development Llc $705,000 North American Title Company
Catherine Neville Revocable Trust -- None Available
Neville Catherine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Briggs William $1,820,000
Previous Owner Briggs William $205,000
Previous Owner Briggs William $1,640,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Sold $2,050,000 0.0% $279 / Sq Ft
10/05/2019 10/05/19 Pending -- -- --
10/02/2019 10/02/19 Price Changed $2,050,000 -4.7% $279 / Sq Ft
07/19/2019 07/19/19 For Sale $2,150,000 +4.9% $293 / Sq Ft
07/15/2019 07/15/19 Off Market $2,050,000 -- --
07/10/2019 07/10/19 Price Changed $2,150,000 -4.4% $293 / Sq Ft
06/18/2019 06/18/19 For Sale $2,250,000 +219.1% $307 / Sq Ft
05/11/2018 05/11/18 Sold $705,000 +88.0% $473 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
04/14/2018 04/14/18 For Sale $375,000 -- $251 / 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 $27,202 $2,241,971 $1,093,645 $1,148,326
2024 $27,202 $2,198,011 $1,072,201 $1,125,810
2023 $26,682 $2,154,914 $1,051,178 $1,103,736
2022 $25,452 $2,112,662 $1,030,567 $1,082,095
2021 $25,112 $2,071,238 $1,010,360 $1,060,878
2020 $25,365 $2,050,000 $1,000,000 $1,050,000
2019 $9,353 $719,100 $510,000 $209,100
2018 $6,112 $483,480 $357,000 $126,480
2016 $2,370 $173,014 $121,579 $51,435
2015 $2,339 $170,416 $119,753 $50,663
2014 $2,358 $167,079 $117,408 $49,671
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-479506

The MLS

APN: 5005-016-015