NOT LISTED FOR SALE

Estimated Value: $2,348,803 - $3,019,000

12 Beds
15 Baths
5,091 Sq Ft
$512/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $2,275,000 $447 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $17,001/month

55 Days on Market

Highlights

  • New Construction
  • Corner Lot
  • Balcony
  • Contemporary Architecture
  • Granite Countertops
  • 6 Car Attached Garage

About This Home

As of July 2021

Newer 3 units completed construction in 2020. The rents are actual. The building is 100% leased. You don't have to guess what will be the rent per unit instead buy and collect rent from day 1. Modern contemporary design in a corner lot. All units are separately metered for water, gas and Electricity. All units have 2 car enclosed garages. All of them comes with stainless steel refrigerator, stove, dish washer, microwave hood and washer and dryer. Interior has LED lighting through out along with plenty of exterior lighting. Two of the units have private grassy yards. All units have window coverings and vertical blinds for sliding glass doors. All bathrooms have tile enclosures and tile flooring. Laminate floors through out the units. Central air condition and heat. The property is located in close proximity to Culver City, LACMA, Down town LA, LAX, freeway and metro rail. Please do not walk on the property or disturb the tenants.

Last Agent to Sell the Property

Suminda Sellahewa

Avarnka Real Estate, Inc. License #01155576 Listed on: 02/16/2021

Last Buyer's Agent

Wei Wang

RE/MAX CHAMPIONS License #01899920

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,019

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 6,455 Sq Ft Lot
  • Fenced
  • Landscaped
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

Parking

  • 6 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 5,091 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Double Pane Windows
  • Vertical Blinds
  • Window Screens
  • Sliding Doors
  • Dining Area

Kitchen

  • Gas Oven
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 15 Bathrooms
  • Low Flow Toliet

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • The owner pays for gardener
  • Assessor Parcel Number 5062-027-019

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,019

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: Yes
  • Living Area: 5091
  • Probate: No
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2020
  • Number Of Photos: 50
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Turnkey
  • Number Carpet: 0
  • Number Dishwasher: 3
  • Number Disposal: 3
  • Number Drapes: 3
  • Number Range: 3
  • Number Refrigerator: 3
  • Flooring: Ceramic Tile, Laminate
  • Appliances: Microwave, Oven-Gas
  • Bedrooms: 12
  • Bedroom Features: All Bedrooms Up, Master Bedroom
  • Common Walls: Attached
  • Bathroom Features: Low Flow Toilet(s)
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: In Closet, Garage
  • Laundry Equipment: Own
  • Total Bathrooms: 15.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer, Water Line to Refrigerator
  • Price Per S Q F T: 446.87
  • Windows: Double Pane Windows, Screens, Vertical Blinds, Window Blinds

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony, Custom Built, Rain Gutters, Sliding Glass Doors
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Patio: Balcony
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 6
  • Covered Parking: 6
  • Parking Garage: Garage - 2 Car, Attached, Door Opener
  • Total Parking: 6

Utilities

  • Water Heater: Gas, Tankless
  • Cooling: Central, Air Conditioning
  • Heating: Central
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 3
  • Security: Carbon Monoxide Detector(s), Fire Sprinklers, Smoke Detector
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler Timer, Rear, Front
  • Assessed Improvement Value: 13069
  • Assessed Land Value: 23638
  • Assessor Parcel Number: 5062-027-019
  • Lot Description: Gutters, Landscaped, Front Yard, Fenced
  • Lot Location: Corner Lot
  • Lot Size Area: 6455

Rental Info

  • Number Leased: 3
  • Total Actual Rent: 13650.00
  • Land Lease Type: Fee
  • Owner Pays: Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.89
  • Number Of Units: 3
  • Number Wall A C: 0
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Tax Info

  • Private Transfer Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
Jun 4, 2021
Sold by
Resi Team Llc
Bought by
Hu Yunqing and Lawrence Brian
Seller's Agent
Suminda Sellahewa
Avarnka Real Estate, Inc.
Buyer's Agent
Wei Wang
RE/MAX CHAMPIONS
List Price
$2,275,000
Sold Price
$2,275,000
Total Days on Market
55
Current Estimated Value
$2,607,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,701
Avg. Annual Appreciation
2.55%
Original Mortgage
$1,820,000
Outstanding Balance
$1,669,299
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$842,337

Purchase Details

Closed on
Apr 24, 2018
Sold by
Samuel Aaron M
Bought by
Resi Team Llc
Source: Public Records

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Range of Values:

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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
Hu Yunqing $2,275,000 Fidelity National Title Co
Resi Team Llc $725,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hu Yunqing $1,820,000
Previous Owner Samuel Aaron M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $2,275,000 0.0% $447 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $2,275,000 0.0% $447 / Sq Ft
05/30/2020 05/30/20 Rented $4,700 0.0% --
04/23/2020 04/23/20 Under Contract -- -- --
03/20/2020 03/20/20 For Rent $4,700 -- --
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
2024 $29,019 $2,366,910 $1,451,358 $915,552
2023 $28,459 $2,320,500 $1,422,900 $897,600
2022 $27,140 $2,275,000 $1,395,000 $880,000
2021 $19,953 $1,641,420 $762,104 $879,316
2020 $16,492 $754,290 $754,290 $0
2019 $9,092 $739,500 $688,500 $51,000
2018 $725 $37,440 $24,110 $13,330
2016 $679 $35,988 $23,175 $12,813
2015 $673 $35,448 $22,827 $12,621
2014 $692 $34,754 $22,380 $12,374
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-694114

The MLS

APN: 5062-027-019