NOT LISTED FOR SALE

Estimated Value: $837,000 - $1,019,000

2 Beds
1 Bath
880 Sq Ft
$1,042/Sq Ft Est. Value

Last Sold January 16, 2020

Last sale price $625,000 $710 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,676/month

21 Days on Market

About This Home

As of January 2020

Attention Value-Add Investors and Developers. This property is located in Mid City, which is currently one of the hottest and most rapidly changing neighborhoods in Los Angeles. The current property has paid plans for an addition on the main house and new ADU. Property has RD-2 zoning for potential new construction duplex. There are multiple exit strategies for a value-add investor. Currently property is a charming Spanish house which has 2 bedrooms and 1 bathroom. Conveniently located just minutes away from the 10 freeway, minutes from the Expo Line, and Culver City Adjacent. The interior of the property has already been demoed and is ready to for another investor to start work. Property is being SOLD AS-IS

Last Agent to Sell the Property

Armando Lopez

Premier Agent Network Inc. License #01488650 Listed on: 12/16/2019

Premier Agent Network Inc.

Last Buyer's Agent

Armando Lopez

Premier Agent Network Inc. License #01488650 Listed on: 12/16/2019

Premier Agent Network Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,133

Year Built

  • Built in 1922

Lot Details

  • 4,390 Sq Ft Lot
  • Property is zoned LARD2

Parking

  • Driveway

Home Design

  • 880 Sq Ft Home
  • Bungalow

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5061-023-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,133

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 880
  • Probate: No
  • Year Built: 1922
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 772.61

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5061-023-018
  • Geocode Override: No
  • Lot Size Area: 4390

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2019
Closed on
Jan 10, 2020
Sold by
Mch Residential Llc
Bought by
Gounder Parmasivan and Gounder Eshala D
Seller's Agent
Armando Lopez
Premier Agent Network Inc.
Buyer's Agent
Armando Lopez
Premier Agent Network Inc.
List Price
$679,900
Sold Price
$625,000
Premium/Discount to List
-$54,900
-8.07%
Current Estimated Value
$917,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,372
Avg. Annual Appreciation
6.02%

Purchase Details

Listed on
Jul 17, 2019
Closed on
Jul 26, 2019
Sold by
Mcnair Genevieve F and Genevieve F Menair Living Trus
Bought by
Mch Residential Llc
Seller's Agent
Sandra Green-Murray
SG Murray & Assoc/Playa Marina
Buyer's Agent
Demetrius Green
SG Murray & Assoc/Playa Marina
List Price
$624,500
Sold Price
$578,000
Premium/Discount to List
-$46,500
-7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.52%
Original Mortgage
$100,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2019
Sold by
Mcnair Genevieve F
Bought by
Mcnair Genevieve F and Mcnair Rlt Genevieve F

Purchase Details

Closed on
Feb 20, 2004
Sold by
Mcnair Genevieve F and Mcnair Gennye
Bought by
Mcnair Genevieve F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
5.62%
Mortgage Type
New Conventional
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
Gounder Parmasivan $625,000 Chicago Title
Mch Residential Llc $578,000 Chicago Title Company
Mcnair Genevieve F -- None Available
Mcnair Genevieve F -- Fidelity National Financial
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mch Residential Llc $100,000
Previous Owner Mch Residential Llc $660,000
Previous Owner Mcnair Genevieve F $832,500
Previous Owner Mcnair Genevieve F $544,185
Previous Owner Mcnair Genevieve F $204,800
Previous Owner Mcnair Genevieve F $169,000
Previous Owner Mcnair Gennye $153,000
Previous Owner Mcnair Gennye $5,000
Previous Owner Mcnair Gennye $139,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2020 01/16/20 Sold $625,000 -8.1% $710 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
12/16/2019 12/16/19 For Sale $679,900 +17.6% $773 / Sq Ft
07/31/2019 07/31/19 Sold $578,000 -7.4% $525 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $624,500 -- $568 / Sq Ft
Source: The MLS

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 $8,133 $1,424,327 $683,527 $740,800
2024 $8,133 $656,986 $656,986 --
2023 $7,980 $644,104 $644,104 $0
2022 $7,762 $644,103 $515,283 $128,820
2021 $7,666 $631,475 $505,180 $126,295
2020 $7,180 $578,000 $462,400 $115,600
2019 $1,587 $121,353 $73,749 $47,604
2018 $1,500 $118,974 $72,303 $46,671
2016 $1,427 $114,356 $69,497 $44,859
2015 $1,407 $112,640 $68,454 $44,186
2014 $1,421 $110,435 $67,114 $43,321
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-537384

The MLS

APN: 5061-023-018