Seller's Agent in 2020
Michelle Harnsberger
Harnsberger Realty 1924
(323) 257-8142
9 in this area
21 Total Sales
205 E Avenue 40 Los Angeles, CA 90031
Estimated Value: $865,000 - $873,259
7
Beds
5
Baths
3,659
Sq Ft
$238/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- View of Hills
- Ground Level Unit
- Abraham Lincoln High School Rated A
- Wood Flooring
- 5-minute walk to Greayers Oak Mini Park
About This Home
As of September 2020INVESTOR ALERT - 5 Units in Los Angeles! Your opportunity to own this affordable California classic. Consisting of 5 Legal Units with 2 separate building structures: Front building is an early 1900s house with 3-units plus separate coin laundry room. Back building was built in 1940s with 2 Units above attached 4-car garage with ample parking. All Units are long-term Tenant occupied. Fenced, easy-care yard. Zoned LARD2 Adj. House at 206 E. Avenue 41, being sold separately. Ideal location, close to major freeways, minutes to downtown LA, Pasadena & Glendale. This is a Trust Sale.
Last Agent to Sell the Property
Harnsberger Realty 1924 License #01022378 Listed on: 07/27/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,426
Year Built
- Built in 1941
Lot Details
- 7,502 Sq Ft Lot
- Lot Dimensions are 50x150
Parking
- 4 Car Garage
- Driveway
- Assigned Parking
Home Design
- Craftsman Architecture
- Entry on the 1st floor
- Combination Foundation
- Composition Roof
- Wood Siding
- Stucco
Interior Spaces
- 3,659 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Views of Hills
- Gas Oven
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Utilities
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Gas Water Heater
- Sewer in Street
- Cable TV Available
Additional Features
- Open Patio
- Ground Level Unit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- The owner pays for water, gardener
- Assessor Parcel Number 5451-001-016
Community Details
Overview
- 2 Buildings
- 5 Units
- Gardner & Gardner Association
Building Details
- Rent Control
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 3, 2025
Sold by
Del Arroyo Property Llc and Aldaoud Bradley
Bought by
Madaen Family Trust and Madaen
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
$500,000
Outstanding Balance
$498,333
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$359,053
Purchase Details
Listed on
Jul 27, 2020
Closed on
Sep 8, 2020
Sold by
Walker Craig Lee and The Walker Family Trust
Bought by
Del Arroyo Property Llc
Seller's Agent
Michelle Harnsberger
Harnsberger Realty 1924
Buyer's Agent
Brandon Harnsberger
Harnsberger Realty 1924
List Price
$749,500
Sold Price
$775,000
Premium/Discount to List
$25,500
3.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.04%
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 |
|---|---|---|---|
| Madaen Family Trust | $850,000 | Stewart Title Of California In | |
| Del Arroyo Property Llc | $740,000 | Provident Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Madaen Family Trust | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2020 09/14/20 | Sold | $775,000 | +3.4% | $212 / Sq Ft |
| 08/03/2020 08/03/20 | Pending | -- | -- | -- |
| 07/27/2020 07/27/20 | For Sale | $749,500 | -- | $205 / Sq Ft |
Source: The MLS
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 | $10,426 | $800,998 | $584,513 | $216,485 |
| 2024 | $10,426 | $785,293 | $573,052 | $212,241 |
| 2023 | $10,239 | $769,896 | $561,816 | $208,080 |
| 2022 | $9,794 | $754,800 | $550,800 | $204,000 |
| 2021 | $10,405 | $740,000 | $540,000 | $200,000 |
| 2020 | $2,085 | $93,567 | $34,268 | $59,299 |
| 2019 | $2,040 | $91,754 | $33,597 | $58,157 |
| 2018 | $1,903 | $89,977 | $32,939 | $57,038 |
| 2016 | $1,754 | $85,485 | $31,661 | $53,824 |
| 2015 | $1,739 | $84,202 | $31,186 | $53,016 |
| 2014 | $1,780 | $82,554 | $30,576 | $51,978 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Harnsberger
-
Brandon Harnsberger
Seller Co-Listing Agent in 2020
Brandon Harnsberger
Harnsberger Realty 1924
(323) 256-3133
9 in this area
25 Total Sales
Map
Source: The MLS
MLS Number: 20-607782
APN: 5451-001-016
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