NOT LISTED FOR SALE

Estimated Value: $1,068,000 - $1,524,000

4 Beds
4 Baths
2,480 Sq Ft
$515/Sq Ft Est. Value

Last Sold November 02, 2020

Last sale price $800,000 $323 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $7,791/month

13 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4-minute walk to West Adams Height Park

About This Home

As of November 2020

WILL NOT LAST LONG!! INVESTORS DREAM. The property is 10 mins from USC and right next to the freeway and the Staples Center. The area is extremely fruitful allowing endless opportunities. The property also features separate water heaters and garaged parking.

Last Agent to Sell the Property

Michael Halcromb

Berkshire Hathaway HomeServices California Properties License #02076311 Listed on: 09/26/2020

Last Buyer's Agent

Michael Halcromb

Berkshire Hathaway HomeServices California Properties License #02076311 Listed on: 09/26/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,388

Year Built

  • Built in 1937

Lot Details

  • 4,341 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • 2,480 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Water Not Available
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 221601
  • Assessor Parcel Number 5054001001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,388

Year Built

Built in 1937

Lot Details

0

Parking

4

Listing Details

  • Ad Number: Michael
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5054001001
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 322.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4341.00
  • Lot Size Acres: 0.0997

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 4341.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 221601

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2021
Sold by
845 West 56Th Street Llc
Bought by
Creed William C and Creed Anja Verena
Current Estimated Value
$1,249,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 26, 2020
Closed on
Oct 16, 2020
Sold by
Arrington Clarence J
Bought by
845 West 56Th Street Llc
Seller's Agent
Michael Halcromb
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Michael Halcromb
Berkshire Hathaway HomeServices California Properties
List Price
$900,000
Sold Price
$800,000
Premium/Discount to List
-$100,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$795,363
Interest Rate
2.8%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Creed William C -- Fidelity National Title
845 West 56Th Street Llc $800,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Creed William C $825,000
Previous Owner 845 West 56Th Street Llc $795,363
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2020 11/02/20 Sold $800,000 -11.1% $323 / Sq Ft
09/26/2020 09/26/20 For Sale $900,000 -- $363 / 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 $11,388 $923,250 $636,724 $286,526
2024 $11,388 $905,148 $624,240 $280,908
2023 $11,175 $887,400 $612,000 $275,400
2022 $10,667 $870,000 $600,000 $270,000
2021 $9,906 $800,000 $650,000 $150,000
2020 $1,000 $41,637 $18,801 $22,836
2019 $979 $40,822 $18,433 $22,389
2018 $894 $40,022 $18,072 $21,950
2016 $836 $38,470 $17,371 $21,099
2015 $829 $37,894 $17,111 $20,783
2014 $861 $37,152 $16,776 $20,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20202240

California Regional Multiple Listing Service (CRMLS)

APN: 5054-001-001