NOT LISTED FOR SALE

Estimated Value: $1,012,000 - $1,228,666

1 Bed
1 Bath
6,386 Sq Ft
$179/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2017

Last sale price $840,000 $132 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,991 / mo

39 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • Marvin Avenue Elementary School Rated 9+

About This Home

As of May 2017

HUGE PRICE REDUCTION ! SELLER MOTIVATED TO SELL ! ... ALL UNITS WILL BE VACANT AT C.O.E & YOU'LL BE ABLE TO GET MARKET RENT RIGHT AWAY OR OWNER OCCUPY & YOUR MONTHLY INCOME WILL BE $6,400. Well maintained 2 STORY FOURPLEX that consist of (850 sqft) 1+1 units sits on a( 6,302 sqft lot) in the Mid Cities Los Angeles area in a great location, just closely located to Hollywood. Easy to manage, low maintenance building with great income potential including ON-SITE LAUNDRY Don't pass up your chance to own this income property in this desired neighborhood. Easy freeway access and commute to any part of Los Angeles. One assigned parking per unit.

Last Agent to Sell the Property

Bryiana Davis

Nationwide Real Estate Execs License #01997245 Listed on: 03/11/2017

Nationwide Real Estate Execs

Last Buyer's Agent

Bryiana Davis

Nationwide Real Estate Execs License #01997245 Listed on: 03/11/2017

Nationwide Real Estate Execs

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,386 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 6,386 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • No Heating
  • Shared Well

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 6460
  • Assessor Parcel Number 5064023005

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $100
  • Insurance Expense $200
  • Trash Expense $160
  • New Taxes Expense $1,000
  • Operating Expense $1,400
  • Gross Income $6,500
  • Net Operating Income $5,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

6,386 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5064023005
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 131.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community, Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 160.00
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6386.00

Multi Family

  • Average1 Bed Area: 850 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 850 Square Feet
  • Average Studio Area: 850 Square Feet
  • Electric Expense: 100.00
  • Gross Income: 6500.00
  • Gross Scheduled Income: 6000.00
  • Insurance Expense: 200.00
  • Net Operating Income: 5000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 550.00
  • Rent Control: Yes
  • Total Expenses: 1400.00

Tax Info

  • New Taxes Expense: 1000.00
  • Tax Census Tract: 2703.00
  • Tax Lot: 20
  • Tax Tract Number: 6460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2017
Closed on
May 16, 2017
Sold by
Lenzy Melvin
Bought by
Miretsky Inessa and Velin Dmitriy
Seller's Agent
Bryiana Davis
Nationwide Real Estate Execs
Buyer's Agent
Bryiana Davis
Nationwide Real Estate Execs
List Price
$1,200,000
Sold Price
$840,000
Premium/Discount to List
-$360,000
-30%
Current Estimated Value
$1,102,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,307
Avg. Annual Appreciation
3.45%
Original Mortgage
$630,000
Outstanding Balance
$523,635
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$616,782

Purchase Details

Closed on
Feb 6, 2010
Sold by
Lenzy Melvin
Bought by
Lenzy Melvin and Melvin Lenzy Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Miretsky Inessa $840,000 Chicago Title Company
Lenzy Melvin -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Miretsky Inessa $630,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2017 05/26/17 Sold $840,000 -16.0% $132 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
03/27/2017 03/27/17 Price Changed $1,000,000 -16.7% $157 / Sq Ft
03/11/2017 03/11/17 For Sale $1,200,000 -- $188 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,163 $974,887 $812,407 $162,480
2024 $12,035 $955,773 $796,478 $159,295
2023 $11,811 $937,033 $780,861 $156,172
2022 $11,277 $918,660 $765,550 $153,110
2021 $11,127 $900,648 $750,540 $150,108
2019 $10,801 $873,936 $728,280 $145,656
2018 $11,489 $856,800 $714,000 $142,800
2016 $1,116 $63,943 $25,034 $38,909
2015 $1,104 $62,983 $24,658 $38,325
2014 $1,139 $61,750 $24,175 $37,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17044787

California Regional Multiple Listing Service (CRMLS)

APN: 5064-023-005

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