NOT LISTED FOR SALE

Estimated Value: $1,214,000 - $1,695,000

6 Beds
4 Baths
3,594 Sq Ft
$422/Sq Ft Est. Value

Last Sold August 10, 2018

Last sale price $940,000 $262 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $9,106/month

61 Days on Market

About This Home

As of August 2018

BACK UP OFFERS ACCEPTED. Priced to sell!!! Drastic price reduction!!! 2-story 3,594 sq/ft duplex. Both units are (3) bedrooms and (2) baths with identical floor plans. The upper unit boast a large balcony outdoor living space, overlooking a grassy yard space to entertain and enjoy the sun. The downstairs unit offers a large bonus room. Living room and bedroom areas have original hardwood floors through-out. Kitchens are extended with a charming breakfast nook in each unit. Detached garage can also support an Additional Dwelling Unit. The property offers various opportunities: 1 family in 2 separate dwelling units or Upside rent potential for an owner occupant with an income producing unit or investment property. Highly sought after neighborhood property in Desirable Mid-City L. A. that will go up in value as the neighborhood experiences tremendous development.

Last Agent to Sell the Property

Stacy Harris-Green

Keller Williams Larchmont License #01976509 Listed on: 05/03/2018

Keller Williams Larchmont

Last Buyer's Agent

Chaim Shalom Gross

License #01914171

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,704

Year Built

  • Built in 1929

Lot Details

  • 5,540

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Driveway

Home Design

  • Duplex
  • Split Level Home

Interior Spaces

  • 3,594 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,540 Sq Ft Lot
  • Floor Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5063-016-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,704

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: Located in Mid-City that's experiencing tremendous growth and development. Only minutes away from: DTLA, USC, Culver City, Santa Monica. Close to Blue Metro Expo line to Santa Monica and future extension of the Gold Metro line from Crenshaw to Redondo Beach with a stop over at the Los Angeles Metro station nearby at Jefferson and LaCienega
  • Living Area: 3594
  • Probate: No
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 264.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 2
  • Covered Parking: 1
  • Parking Garage: Driveway - Concrete
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Floor Furnace
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 49225
  • Assessed Land Value: 24267
  • Assessor Parcel Number: 5063-016-013
  • Geocode Override: No
  • Lot Size Area: 5540

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.00
  • Number Of Units: 2
  • Rent Control: 100%
  • Total Annual Expense: 5433
  • Type Of Units: DUPLEX
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
Aug 3, 2018
Sold by
Alston Stephanie Pierre
Bought by
Tey Joshua and Ghalchi Soraya E
Seller's Agent
Stacy Harris-Green
Keller Williams Larchmont
Buyer's Agent
Chaim Shalom Gross
List Price
$1,250,000
Sold Price
$940,000
Premium/Discount to List
-$310,000
-24.8%
Current Estimated Value
$1,516,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$576,287
Avg. Annual Appreciation
6.88%
Original Mortgage
$470,000
Outstanding Balance
$408,176
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,108,111

Purchase Details

Closed on
Apr 20, 2006
Sold by
Pierre Cleo Simpson
Bought by
Pierre Cleo Simpson and Cleo Simpson Pierre Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
6.35%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jun 9, 2004
Sold by
Pierre Cleo Simpson and Cleo Simpson Pierre Family Tru
Bought by
Pierre Cleo Simpson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,478
Interest Rate
3.42%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 6, 1996
Sold by
Pierre Cleo Simpson
Bought by
Pierre Cleo Simpson and The Cleo Simpson Pierre Family Trust
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
Tey Joshua $940,000 Stewart Title Company
Tey Joshua -- Stewart Title Company
Pierre Cleo Simpson -- United Title Company
Pierre Cleo Simpson -- First American Title Co
Pierre Cleo Simpson -- --
Pierre Cleo Simpson -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tey Joshua $470,000
Previous Owner Pierre Cleo Simpson $544,185
Previous Owner Pierre Cleo Simpson $435,478
Closed Pierre Cleo Simpson $435,478
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2018 08/10/18 Sold $940,000 -1.1% $262 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
06/30/2018 06/30/18 Price Changed $950,000 -19.0% $264 / Sq Ft
06/21/2018 06/21/18 Price Changed $1,173,000 -6.2% $326 / Sq Ft
05/03/2018 05/03/18 For Sale $1,250,000 -- $348 / 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 $12,704 $1,048,584 $892,413 $156,171
2024 $12,704 $1,028,024 $874,915 $153,109
2023 $12,463 $1,007,867 $857,760 $150,107
2022 $11,890 $988,106 $840,942 $147,164
2021 $11,727 $968,732 $824,453 $144,279
2019 $11,377 $940,000 $800,000 $140,000
2018 $1,159 $74,961 $24,752 $50,209
2016 $1,068 $72,052 $23,792 $48,260
2015 $1,055 $70,971 $23,435 $47,536
2014 $1,073 $69,581 $22,976 $46,605
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-339806

The MLS

APN: 5063-016-013