NOT LISTED FOR SALE
10 Beds
8 Baths
5,934 Sq Ft
1954 Built

Last Sold May 04, 2017

Last sale price $1,500,000 $253 Per Sq Ft

7 Days on Market

Highlights

  • Fireplace in Kitchen
  • No HOA
  • Laundry Room
  • UCLA Community School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

About This Home

As of May 2017

Excellent location. Eight units apartment with two units for 2 bedrooms and 1 bathroom. Six units with 1 bedroom and 1 bathroom. Newer copper plumbing and newer windows throughout entire apartment. Longterm tenants and rent are currently below market rent. Excellent upside potential. Drive by only. Please do not disturb occupants. Thank you!

Last Agent to Sell the Property

Kathy Lee

KO TAI REALTY License #01382487 Listed on: 02/13/2017

KO TAI REALTY

Last Buyer's Agent

Kathy Lee

KO TAI REALTY License #01382487 Listed on: 02/13/2017

KO TAI REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,491 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 5,934 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 5503
  • Assessor Parcel Number 5517019025

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $3,056
  • Maintenance Expense $2,000
  • Other Expense $70
  • Pest Control $300
  • Professional Management Expense $3,000
  • Water Sewer Expense $5,125
  • New Taxes Expense $3,000
  • Operating Expense $17,804
  • Gross Income $86,928
  • Net Operating Income $69,124

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5125.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5517019025
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Dining Room, Kitchen, Living Room
  • Price Per Square Foot: 252.78

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Forced Air
  • Laundry Features: Community
  • Pest Control Expense: 300.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7491.00

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 86928.00
  • Gross Scheduled Income: 86928.00
  • Insurance Expense: 3056.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 200.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 69124.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 17804.00
  • Other Expense: 70.00
  • Rent Control: Yes
  • Total Actual Rent: 7044.00
  • Total Expenses: 17804.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Census Tract: 2114.20
  • Tax Lot: 27
  • Tax Tract Number: 5503

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2017 05/04/17 Sold $1,500,000 -3.2% $253 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $1,550,000 +3.3% $261 / Sq Ft
02/16/2017 02/16/17 Off Market $1,500,000 -- --
02/13/2017 02/13/17 For Sale $1,550,000 -- $261 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17030247

California Regional Multiple Listing Service (CRMLS)