Seller's Agent in 2022
Josue Najera
In Real Estate, Inc.
(310) 666-6780
1 in this area
9 Total Sales
225 W Century Blvd Los Angeles, CA 90003
Broadway-Manchester NeighborhoodEstimated Value: $992,000 - $1,084,681
8
Beds
4
Baths
2,598
Sq Ft
$397/Sq Ft
Est. Value
About This Home
As of March 2022Upside Opportunity in Los Angeles – Listed at a 4.7% Cap Rate with a Proforma Cap Rate of 7.8%.
Investors: This is a great opportunity to acquire an income-producing property with substantial upside. The exterior and interior are in healthy condition. Each unit has it's own separate gas and electric meters. This property contains 4 units at 2 Bedroom and 1 Bathroom each. Rents are scheduled to increase in October and all tenants are current in their rent and pay on time, every time. Each tenant has their own parking space in the back. This property is located along the highly trafficked corridors of Century Blvd and Broadway minutes from the 110 freeway. In one of the densest areas of Los Angeles. This property has substantial rent upside as most units are currently in section 8 and well under the market. Passive income potential and property appreciation opportunity as investors and developers continue to advance this area.
Last Agent to Sell the Property
In Real Estate, Inc. License #01929085 Listed on: 09/15/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,505
Year Built
- Built in 1963 | Remodeled
Lot Details
- 4,418 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 2,598 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
Outdoor Features
- Exterior Lighting
Utilities
- No Heating
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Legal Lot and Block 10 / D
- Tax Tract Number 6401
- Assessor Parcel Number 6053019010
- $895 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,083
- Trash Expense $2,100
- Water Sewer Expense $2,100
- Operating Expense $11,591
- Gross Income $56,088
- Net Operating Income $43,095
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2021
Closed on
Mar 18, 2022
Sold by
Escarzaga Jose M
Bought by
Whitesides Delisha D
Seller's Agent
Josue Najera
In Real Estate, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$925,000
Sold Price
$925,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,170
Avg. Annual Appreciation
3.23%
Original Mortgage
$693,750
Outstanding Balance
$652,149
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$380,993
Purchase Details
Listed on
Feb 29, 2012
Closed on
Mar 13, 2012
Sold by
Besorat Properties Inc
Bought by
Escarzaga Jose M
Seller's Agent
Timothy Pai
No Firm Affiliation
Buyer's Agent
Melvin Lopez
Berkshire Hathaway HomeService
Sold Price
$336,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%
Original Mortgage
$252,375
Interest Rate
3.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 18, 2011
Sold by
Washington Janis Mcgee
Bought by
Besorat Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
4.46%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 13, 2009
Sold by
Washington Janis Mcgee
Bought by
Washington Janis Mcgee and The Washington Family Living Trust
Purchase Details
Closed on
Apr 23, 2007
Sold by
Washington Janis Mcgee
Bought by
Washington Janis Mcgee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 26, 2001
Sold by
Washington Tabb
Bought by
Mcgee Janis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.13%
Purchase Details
Closed on
Jan 25, 2001
Sold by
The Brady Foundation
Bought by
Mcgee Janis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.13%
Purchase Details
Closed on
Mar 15, 1999
Sold by
Hud
Bought by
The Brady Foundation
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.9%
Purchase Details
Closed on
Nov 24, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud
Purchase Details
Closed on
May 7, 1998
Sold by
Salazar Nancy
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
Apr 22, 1997
Sold by
South Western Associates Inc
Bought by
Salazar Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,984
Interest Rate
7.98%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 14, 1997
Sold by
Murphy Frieda M
Bought by
South Western Associates Inc and South Central Investment
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,984
Interest Rate
7.98%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Whitesides Delisha D | $925,000 | Equity Title | |
| Escarzaga Jose M | $336,500 | Fidelity National Title Co | |
| Besorat Properties Inc | $228,000 | None Available | |
| Washington Janis Mcgee | -- | None Available | |
| Washington Janis Mcgee | -- | First American Title Co | |
| Mcgee Janis | -- | New Century Title Company | |
| Mcgee Janis | $250,000 | New Century Title Company | |
| The Brady Foundation | $98,000 | -- | |
| Hud | -- | Benefit Land Title Company | |
| Norwest Mtg Inc | $265,299 | Benefit Land Title Ins Co | |
| Salazar Nancy | $260,000 | Commonwealth Land Title | |
| South Western Associates Inc | $100,000 | Commonwealth Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Whitesides Delisha D | $0 | |
| Open | Whitesides Delisha D | $693,750 | |
| Previous Owner | Escarzaga Jose M | $252,375 | |
| Previous Owner | Besorat Properties Inc | $47,000 | |
| Previous Owner | Besorat Properties Inc | $188,000 | |
| Previous Owner | Washington Janis Mcgee | $520,000 | |
| Previous Owner | Washington Janis Mcgee | $65,000 | |
| Previous Owner | Mcgee Janis | $232,500 | |
| Previous Owner | Mcgee Janis | $200,000 | |
| Previous Owner | The Brady Foundation | $135,000 | |
| Previous Owner | Salazar Nancy | $48,000 | |
| Previous Owner | Salazar Nancy | $246,984 | |
| Closed | Mcgee Janis | $37,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2022 03/22/22 | Sold | $925,000 | 0.0% | $356 / Sq Ft |
| 09/15/2021 09/15/21 | For Sale | $925,000 | +174.9% | $356 / Sq Ft |
| 04/20/2012 04/20/12 | Sold | $336,500 | -- | $130 / Sq Ft |
| 02/29/2012 02/29/12 | Pending | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,505 | $981,617 | $424,483 | $557,134 |
| 2024 | $12,505 | $962,370 | $416,160 | $546,210 |
| 2023 | $12,269 | $943,500 | $408,000 | $535,500 |
| 2022 | $5,573 | $397,685 | $248,554 | $149,131 |
| 2021 | $5,493 | $389,888 | $243,681 | $146,207 |
| 2019 | $5,338 | $379,305 | $236,454 | $142,851 |
| 2018 | $5,275 | $371,888 | $231,818 | $140,070 |
| 2016 | $5,021 | $356,507 | $222,817 | $133,690 |
| 2015 | $4,946 | $351,153 | $219,471 | $131,682 |
| 2014 | $4,973 | $344,275 | $215,172 | $129,103 |
Source: Public Records
Agents Affiliated with this Home
-
Josue Najera
-
NoEmail NoEmail
N
Buyer's Agent in 2022
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
5,874 Total Sales
-
T
Seller's Agent in 2012
Timothy Pai
No Firm Affiliation
-
Melvin Lopez
Buyer's Agent in 2012
Melvin Lopez
Berkshire Hathaway HomeService
(310) 635-5662
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21203374
APN: 6053-019-010
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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