NOT LISTED FOR SALE
7 Beds
7 Baths
3,574 Sq Ft
8,438 Sq Ft Lot

Last Sold June 14, 2018

Last sale price $2,000,000 $560 Per Sq Ft

48 Days on Market

About This Home

As of June 2018

Offered for sale for the first time in 39 years.The 6-unit apartment building is ideally located in Montrose, CA and within 2 blocks of Honolulu Avenue in Montrose Village: aunique small-town environment that includes shopping, dining, and a strong sense of community.The property consists of 2 structures on one parcel. There are 5units in the front structure, all of which are 1 bedroom 1 bathunits.The rear single story structure is a 2 bedroom 1 bath owner's unit with a private rear patio, which was previously a swimming pooland subsequently filled in (Buyer to verify all square footages and conforming units).Situated on a 8,426 square foot lot with LCR3 zoning, there may be future development potential for the asset. The property issituated in an unincorporated area of L.A. County and does not have rent control limitations.There are 4 parking spaces. Units are separately metered for gas and electric

Last Agent to Sell the Property

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 02/05/2018

Last Buyer's Agent

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 02/05/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,438 Sq Ft Lot

Interior Spaces

  • 3,574 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Parking

  • 4 Parking Spaces
  • Attached Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5807-007-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3574
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 7.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 727.48

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 182577
  • Assessed Land Value: 141570
  • Assessor Parcel Number: 5807-007-019
  • Geocode Override: No
  • Lot Size Area: 8438

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 38.00
  • Number Of Units: 6
  • Rent Control: 0%
  • Type Of Units: apartment

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2018 06/14/18 Sold $2,000,000 -23.1% $560 / Sq Ft
03/25/2018 03/25/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $2,600,000 -- $727 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-310506

The MLS