NOT LISTED FOR SALE

Estimated Value: $1,218,000 - $1,753,000

8 Beds
4 Baths
4,362 Sq Ft
$342/Sq Ft Est. Value

Last Sold June 01, 2017

Last sale price $949,000 $218 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $9,040/month

120 Days on Market

About This Home

As of June 2017

Pride of Ownership Property with very little deferred maintenance. Cornet Lot. Property has a private back yard for the tenants use. New Roof in 2014 (+/-$15 K). Kitchens & Bathrooms (in 3 out of the 4 units) have recently been renovated (+/-$25 K). New Dual Pane Windows. Recently Painted (+/-$20 K). Property is individually metered for both Gas & Electric. Washer & Dryer Hookups in each unit. Great unit mix -- all 2 bedroom units with huge floor plans +/- 1,000 sq ft per unit plus 4 big private storage units (one for each unit). 100% Occupied. Great rental location - Next to USC.

Last Agent to Sell the Property

Ruben Khorsandi

Alliance Investment RE Group License #01085411 Listed on: 02/01/2017

Last Buyer's Agent

Ruben Khorsandi

Alliance Investment RE Group License #01085411 Listed on: 02/01/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,587

Year Built

  • Built in 1923

Lot Details

  • 6,737 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 4,362 Sq Ft Home
  • 2-Story Property
  • Entryway

Bedrooms and Bathrooms

  • 8 Bedrooms | 4 Main Level Bedrooms
  • 4 Full Bathrooms

Utilities

  • Cooling Available

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5052029011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,587

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 9492500400
  • Other Phone Number: 9492500400
  • Property Attached: Yes
  • View: No
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Parcel Number: 5052029011
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 4362.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 8
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 217.56
  • Room Type: Entry

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6737.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Census Tract: 2220.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
Jun 26, 2017
Sold by
Gerber Jonathan L
Bought by
27Th & Cimarron Llc
Seller's Agent
Ruben Khorsandi
Alliance Investment RE Group
Buyer's Agent
Ruben Khorsandi
Alliance Investment RE Group
List Price
$995,000
Sold Price
$949,000
Premium/Discount to List
-$46,000
-4.62%
Current Estimated Value
$1,491,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,559
Avg. Annual Appreciation
4.53%

Purchase Details

Closed on
Mar 24, 2017
Sold by
Shin Hwa B
Bought by
Gerber Jonathan L and Gerber Natalie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$949,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2013
Sold by
Shin Hwa B and Shin Lana D
Bought by
Shin Hwa B and Shin Lana D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2011
Closed on
Jan 30, 2012
Sold by
Good Friend Mission
Bought by
Shin Hwa B and Shin Lana D
Seller's Agent
David Kim
WILSHIRE REAL ESTATE
Buyer's Agent
Sarah Huh
List Price
$589,000
Sold Price
$520,000
Premium/Discount to List
-$69,000
-11.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%
Original Mortgage
$345,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2011
Sold by
Tisdale Neutris V
Bought by
Good Friend Mission

Purchase Details

Closed on
May 5, 2004
Sold by
Tisdale James W and Tisdale Neutris V
Bought by
Tisdale James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 28, 1994
Sold by
Tisdale James W and Tisdale Neutris V
Bought by
Tisdale James W
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
27Th & Cimarron Llc -- None Available
Gerber Jonathan L $949,000 Lawyers Title
Shin Hwa B -- None Available
Shin Hwa B $520,000 Chicago Title Company
Good Friend Mission $480,000 None Available
Tisdale James W -- --
Tisdale James W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerber Jonathan L $949,000
Previous Owner Shin Hwa B $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2017 06/01/17 Sold $949,000 0.0% $218 / Sq Ft
02/13/2017 02/13/17 Off Market $949,000 -- --
02/01/2017 02/01/17 For Sale $995,000 +91.3% $228 / Sq Ft
02/06/2012 02/06/12 Sold $520,000 -11.7% $119 / Sq Ft
12/28/2011 12/28/11 Pending -- -- --
12/21/2011 12/21/11 For Sale $589,000 -- $135 / 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 $13,587 $1,101,390 $812,407 $288,983
2024 $13,587 $1,079,795 $796,478 $283,317
2023 $13,334 $1,058,623 $780,861 $277,762
2022 $12,729 $1,037,866 $765,550 $272,316
2021 $12,555 $1,017,517 $750,540 $266,977
2019 $12,186 $987,339 $728,280 $259,059
2018 $12,071 $967,980 $714,000 $253,980
2016 $7,004 $551,738 $318,311 $233,427
2015 $6,906 $543,451 $313,530 $229,921
2014 $6,954 $532,807 $307,389 $225,418
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17026465

California Regional Multiple Listing Service (CRMLS)

APN: 5052-029-011