NOT LISTED FOR SALE

Estimated Value: $1,062,000 - $1,477,000

5 Beds
4 Baths
2,738 Sq Ft
$443/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $940,000 $343 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $7,495/month

55 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Ceiling Fan
  • Corner Lot
  • Laundry Room
  • Floor Furnace

About This Home

As of September 2020

2069 W. 52nd Street at the corner of Cimarron & 52nd, and is comprised of two separate buildings consisting of a large 2/1 front house and a rear building with (3) 1 bed/1 bath units. The two rear units upstairs are vacant and remodeled, and ready for immediate occupancy. The building was originally built in 1938 with a total size of 2,738 SF, sitting on 7,670 SF corner lot zoned R1. There are 4 total garages that are being unused.

The property is located near the new Crenshaw/LAX Metro Line in South Los Angeles, and offers an investor and/or owner-occupier to acquire a steady investment in a strong rental market. Prime Location in Los Angeles near Leimert Park, West Adams, Baldwin Hills, Crenshaw, Inglewood Football Stadium, USC, Exposition Park, LAX, Restaurants & Shops. Property is within an "Opportunity Zone."

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 06/17/2020

Last Buyer's Agent

Brian Noh

Nohco Real Estate License #01438155 Listed on: 06/17/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,412

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 7,670 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Traditional Architecture
  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,738 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Floor Furnace
  • Wall Furnace
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 306
  • Assessor Parcel Number 5015020012

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $21,479
  • Gross Income $63,924
  • Net Operating Income $40,527

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,412

Year Built

Built in 1938 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Zoning: LAR1
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5015020012
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Price Per Square Foot: 343.32
  • Room Type: Kitchen, Living Room

Exterior Features

  • Exterior Features: Satellite Dish
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard
  • Lot Size Sq Ft: 7670.00
  • Lot Size Acres: 0.1761

Multi Family

  • Gross Income: 63924.00
  • Gross Multiplier: 15.40
  • Gross Scheduled Income: 63924.00
  • Lot Size Area: 7670.0000 Square Feet
  • Net Operating Income: 40527.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 21479.00
  • Rent Control: Yes
  • Total Expenses: 21479.00

Tax Info

  • Tax Census Tract: 2324.00
  • Tax Lot: 306

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Sep 1, 2020
Sold by
Hollyvale Rental Holdings Llc
Bought by
Sawyer Geoffrey and Sawyer Ileanna
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Brian Noh
Nohco Real Estate
List Price
$949,000
Sold Price
$940,000
Premium/Discount to List
-$9,000
-0.95%
Current Estimated Value
$1,213,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,738
Avg. Annual Appreciation
5.17%
Original Mortgage
$922,974
Outstanding Balance
$819,078
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$394,660

Purchase Details

Closed on
Apr 14, 2020
Sold by
Champery Rental Reo Llc
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
Oct 8, 2019
Sold by
Pride Lenore
Bought by
Champerey Rental Reo Llc

Purchase Details

Closed on
Apr 4, 2007
Sold by
Smith Alexander
Bought by
Pride Lenore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,500
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2005
Sold by
Smith Alexander and Foreman Smith Florence Marjorie
Bought by
Smith Alexander and Foreman Smith Florence Marjorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2002
Sold by
Smith Alexander and Foreman Smith Florence Marjorie
Bought by
Smith Alexander and Foreman Smith Florence Marjorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6.52%

Purchase Details

Closed on
Sep 25, 2001
Sold by
Smith Alexander and Foreman Smith Florence Marjorie
Bought by
Smith Alexander and Foreman Smith Florence Marjorie
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
Sawyer Geoffrey $940,000 Usa National Title Company
Hollyvale Rental Holdings Llc -- Synrgo Inc
Champerey Rental Reo Llc $690,500 Synrgo Inc
Pride Lenore $630,000 Fidelity National Title Co
Smith Alexander -- United Title Company
Smith Alexander -- First American Title Co
Smith Alexander -- --
Smith Alexander -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sawyer Geoffrey $922,974
Previous Owner Pride Lenore $598,500
Previous Owner Smith Alexander $377,000
Previous Owner Smith Alexander $227,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2020 09/09/20 Sold $940,000 -0.9% $343 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $949,000 -- $347 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,412 $1,017,483 $757,701 $259,782
2024 $12,412 $997,534 $742,845 $254,689
2023 $12,179 $977,976 $728,280 $249,696
2022 $11,624 $958,800 $714,000 $244,800
2021 $11,554 $940,000 $700,000 $240,000
2020 $8,790 $690,500 $400,000 $290,500
2019 $8,724 $700,000 $493,200 $206,800
2018 $8,797 $700,000 $493,200 $206,800
2016 $8,250 $660,000 $465,000 $195,000
2015 $5,748 $450,000 $357,100 $92,900
2014 $5,901 $450,000 $357,100 $92,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20116521

California Regional Multiple Listing Service (CRMLS)

APN: 5015-020-012