NOT LISTED FOR SALE

2311 S Cloverdale Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $989,000 - $1,669,000

9 Beds
5 Baths
3,768 Sq Ft
$331/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $419,000 $111 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $7,064/month

200 Days on Market

Highlights

  • Colonial Architecture
  • Cooling Available
  • Heating Available
  • No HOA
  • Satellite Dish

About This Home

As of June 2012

THIS IS A GREAT INVESTMENT PROPERTY. THIS IS A 4 UNIT APARTMENT COMPLEX THAT IS EXCELLENT FOR INVESTORS. THIS HAS A GREAT LOCATION, IT IS LOCATED 10 MIN FROM BEVERLY HILL, HOLLYWOOD, DOWNTOWN AND WEST LA. PROPERTY IS BEING SOLD AS IS, IT JUST NEEDS SOME TLC

Last Agent to Sell the Property

Damon Boykin

Meridian Capital Real Estate License #01780928 Listed on: 09/22/2011

Last Buyer's Agent

Damon Boykin

Meridian Capital Real Estate License #01780928 Listed on: 09/22/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,318

Year Built

  • Built in 1965

Lot Details

  • 5,040

Home Design

  • 3,768 Sq Ft Home
  • Colonial Architecture
  • Cosmetic Repairs Needed

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Utilities

  • Cooling Available
  • Heating Available
  • Source of electricity is unknown
  • Conventional Septic
  • Satellite Dish

Additional Features

  • Disposal
  • Rain Gutters
  • 5,040 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 419
  • Tax Tract Number 1566
  • Assessor Parcel Number 5063008065

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Trash Expense $500
  • Water Sewer Expense $2,100
  • New Taxes Expense $1,700
  • Gross Income $4,020
  • Net Operating Income $140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,318

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: Yes
  • View: No
  • Water Sewer Expenses: 2100.00
  • Architectural Style: Colonial
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5063008065
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 111.20

Exterior Features

  • Exterior Features: Rain Gutters, Satellite Dish
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Appliances: Disposal
  • Electric: Electricity - Unknown
  • Sewer: Conventional Septic
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5040.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 700
  • Average3 Bed Area: 900
  • Gross Income: 4020.00
  • Gross Scheduled Income: 4020.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 5040.0000 Square Feet
  • Net Operating Income: 140.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Actual Rent: 4014.00

Tax Info

  • New Taxes Expense: 1700.00
  • Tax Lot: 419
  • Tax Tract Number: 1566
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2017
Sold by
Andrita Properties Llc
Bought by
Andrita Properties Llc
Current Estimated Value
$1,246,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$677,334
Interest Rate
3.2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$569,253

Purchase Details

Closed on
Dec 12, 2012
Sold by
Sabbah Stephan and Moradzadeh Robin
Bought by
Andrita Properties Llc

Purchase Details

Closed on
Sep 28, 2012
Sold by
Sabbah Wendy
Bought by
Sabbah Lionel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 22, 2011
Closed on
Jul 6, 2012
Sold by
Andrita Properties Llc
Bought by
Sabbah Stephan
Seller's Agent
Damon Boykin
Meridian Capital Real Estate
Buyer's Agent
Damon Boykin
Meridian Capital Real Estate
List Price
$575,000
Sold Price
$419,000
Premium/Discount to List
-$156,000
-27.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%

Purchase Details

Listed on
Sep 22, 2011
Closed on
Jun 26, 2012
Sold by
Sabbah Stephan and Sabbah Iris
Bought by
Andrita Properties Llc
Seller's Agent
Damon Boykin
Meridian Capital Real Estate
Buyer's Agent
Damon Boykin
Meridian Capital Real Estate
List Price
$575,000
Sold Price
$419,000
Premium/Discount to List
-$156,000
-27.13%

Purchase Details

Closed on
Apr 17, 2012
Sold by
Porter Delon Draper
Bought by
Sabbah Stephan and Sabbah Iris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,200
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage
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
Andrita Properties Llc -- Western Resources Title Co
Andrita Properties Llc -- Accommodation
Sabbah Lionel -- Accommodation
Sabbah Stephan -- Accommodation
Sabbah Stephan -- Title 365
Sabbah Stephan -- Accommodation
Andrita Properties Llc -- Accommodation
Sabbah Stephan $419,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrita Properties Llc $825,000
Previous Owner Sabbah Stephan $335,000
Previous Owner Sabbah Stephan $335,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2012 06/29/12 Sold $419,000 -27.1% $111 / Sq Ft
04/09/2012 04/09/12 Pending -- -- --
09/22/2011 09/22/11 For Sale $575,000 -- $153 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,318 $492,559 $307,852 $184,707
2024 $6,318 $482,902 $301,816 $181,086
2023 $6,206 $473,435 $295,899 $177,536
2022 $5,934 $464,153 $290,098 $174,055
2021 $5,841 $455,053 $284,410 $170,643
2019 $5,674 $441,558 $275,975 $165,583
2018 $5,584 $432,901 $270,564 $162,337
2016 $5,310 $416,092 $260,058 $156,034
2015 $5,236 $409,843 $256,152 $153,691
2014 $5,279 $401,816 $251,135 $150,681
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Damon Boykin

    Meridian Capital Real Estate

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: N11127429

California Regional Multiple Listing Service (CRMLS)

APN: 5063-008-065

California Los Angeles County Los Angeles 90016 Mid-City

2311 S Cloverdale Ave, Los Angeles, CA

This home is located at 2311 S Cloverdale Ave, Los Angeles, CA 90016 since 22 September 2011 and is currently estimated at $1,246,587, approximately $330 per square foot. This property was built in 1965. 2311 S Cloverdale Ave is a home located in Los Angeles County with nearby schools including Cienega Elementary School, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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