NOT LISTED FOR SALE

2217 S Spaulding Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,293,000 - $1,612,000

8 Beds
8 Baths
4,009 Sq Ft
$360/Sq Ft Est. Value

Last Sold October 29, 2015

Last sale price $849,000 $212 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $8,630/month

77 Days on Market

Highlights

  • Central Heating
  • Carpet
  • 3-minute walk to Genesee Avenue Park

About This Home

As of October 2015

Great 4 unit property in Washington/Fairfax area. All 2 bedroom 2 bath units. PROBATE Sale subject to Court Confirmation. SALE was confirmed in Court on August 31, 2015 to the original buyer. Sold As Is and Where Is. 3 of the 4 units upgraded and rented out in past 1 year. New exterior paint and wood siding. New iron fence around the property. Separately metered for electricity and gas. High demand rental area. Close to West LA Kaiser Permanente and West LA LADWP Center. DRIVE-BY only. Please DO NOT disturb the tenants.

Last Agent to Sell the Property

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 06/15/2015

Last Buyer's Agent

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 06/15/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,378

Year Built

  • Built in 1964

Lot Details

  • 4,873

Home Design

  • 4,009 Sq Ft Home
  • Stucco

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces
  • Driveway

Additional Features

  • 4,873 Sq Ft Lot
  • Central Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 5064-028-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,378

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • ADA Compliant: No
  • Living Area: 4009
  • Probate: Yes
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Carpet, Laminate
  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Garbage Disposal, Range/Oven
  • Price Per S Q F T: 222.49

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 4
  • Parking Garage: Covered Parking, Driveway - Concrete
  • Total Parking: 8

Utilities

  • Electric Expense: 1200.00
  • Heating: Central
  • Water Expense: 6000.00

Fee Information

  • Insurance Expense: 2600.00
  • Maintenance Expense: 2395.00
  • Other Expense: 1461.00

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 124659
  • Assessed Land Value: 44270
  • Assessor Parcel Number: 5064-028-022
  • Geocode Override: No
  • Lot Size Area: 4873

Rental Info

  • Court Approve: Yes
  • Total Actual Rent: 63038.00
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.61
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Residential

Tax Info

  • Tax Expense: 8944.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2016
Sold by
Lalehzari Behzad
Bought by
Fbl Llc
Current Estimated Value
$1,444,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Outstanding Balance
$399,947
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$1,044,501

Purchase Details

Listed on
Jun 15, 2015
Closed on
Nov 19, 2015
Sold by
Lalehzari Behzad
Bought by
Fbl Llc
Seller's Agent
Vinny Jain
Ingenious Asset Group, Inc.
Buyer's Agent
Vinny Jain
Ingenious Asset Group, Inc.
List Price
$795,000
Sold Price
$849,000
Premium/Discount to List
$54,000
6.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%

Purchase Details

Closed on
Aug 6, 2015
Sold by
Siegal Jeffrey
Bought by
Lalehzari Behzad and Laiehzari Farideh Haymof

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,000
Interest Rate
3.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Fbl Llc -- Title 365
Lalehzari Behzad -- Title 365
Fbl Llc -- None Available
Lalehzari Behzad $849,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lalehzari Behzad $504,000
Previous Owner Lalehzari Behzad $509,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2015 10/29/15 Sold $849,000 +6.8% $212 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $795,000 -- $198 / 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 $12,378 $1,005,036 $710,274 $294,762
2024 $12,378 $985,331 $696,348 $288,983
2023 $12,147 $966,012 $682,695 $283,317
2022 $11,595 $947,071 $669,309 $277,762
2021 $11,436 $928,502 $656,186 $272,316
2020 $11,548 $918,982 $649,458 $269,524
2019 $11,099 $900,964 $636,724 $264,240
2018 $10,987 $883,299 $624,240 $259,059
2016 $10,481 $849,000 $600,000 $249,000
2015 $2,416 $172,303 $45,154 $127,149
2014 $2,453 $168,929 $44,270 $124,659
Source: Public Records

Agents Affiliated with this Home

  • Vinny Jain

    Seller's Agent in 2015

    Vinny Jain

    Ingenious Asset Group, Inc.

    (310) 997-2552

    78 Total Sales

    Vinny Jain
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Map

Source: The MLS

MLS Number: 15-914879

The MLS

APN: 5064-028-022

California Los Angeles County Los Angeles 90016 Mid-City

2217 S Spaulding Ave, Los Angeles, CA

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