NOT LISTED FOR SALE
11 Beds
-- Bath
4,759 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: May 14, 2019

Last sale price $1,650,000 $347 Per Sq Ft

168 Days on Market

About This Home

As of May 2019

2329 Lincoln St., a Non Rent Controlled 6 Unit asset with 3 individual buildings on one lot.The asset is Non Rent Control with a potential 50%+ rental income upside. 3 of the units have already been upgraded.Please see the Financials of our OM to see the potential for a 16.2% average annual return.

Last Agent to Sell the Property

Kelly Morgan

Keller Williams-Santa Monica License #01898026 Listed on: 11/14/2018

Last Buyer's Agent

Shawn Mehrannia

Home Team Realty License #01874025

Home Team Realty
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Home Details

Home Type

  • Single Family

Year Built

  • 1951

Home Details

Home Type

Single Family

Year Built

1951

Listing Details

  • Property Type: Residential Income
  • Year Built: 1951
  • Price Per Sq Ft: 399.24
  • Unit Type: 1, 2, 3, 4, 5, 6
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 7.00
  • Living Area: 4759

Exterior Features

  • Pool: No
  • Tennis Court Y/N: No
  • Stories: 2

Garage/Parking

  • Garage Details: Garage
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Zoning: BUR3*
  • Assessor Parcel Number: 2473-025-001
  • Lot Size Area: 9026
  • Assessed Improvement Value: 109405
  • Assessed Land Value: 30394
  • Geocode Override: No

Multi Family

  • Gross Rent Multiplier: 16.32
  • Number Of Units: 6
  • Total Annual Expense: 39009
  • Type Of Units: Apts.

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2018
Closed on
Apr 17, 2019
Sold by
Bought by
Seller's Agent
Kelly Morgan
Keller Williams-Santa Monica
Buyer's Agent
Shawn Mehrannia
Home Team Realty
List Price
$1,980,000
Sold Price
$1,650,000
Premium/Discount to List
-$330,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Outstanding Balance
$848,210
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,650,000 First Amer Ttl Co Of Los Ang
-- --
-- --
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 $990,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
05/14/2019 05/14/19 Sold $1,650,000 -13.2% $347 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
02/19/2019 02/19/19 Price Changed $1,900,000 -4.0% $399 / Sq Ft
11/14/2018 11/14/18 For Sale $1,980,000 -- $416 / Sq Ft
Source: California Desert Association of REALTORS®

Tax 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.

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 $21,418 $1,840,602 $1,115,517 $725,085
2024 $20,734 $1,804,513 $1,093,645 $710,868
2023 $20,519 $1,769,131 $1,072,201 $696,930
2022 $19,610 $1,734,443 $1,051,178 $683,265
2021 $19,525 $1,700,435 $1,030,567 $669,868
2020 $19,326 $1,683,000 $1,020,000 $663,000
2019 $16,560 $145,445 $31,621 $113,824
2018 $2,330 $142,594 $31,001 $111,593
2016 $2,134 $137,059 $29,799 $107,260
2015 $2,103 $135,001 $29,352 $105,649
2014 $2,143 $132,358 $28,778 $103,580
Source: Public Records

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Map

Source: California Desert Association of REALTORS®

MLS Number: 18-407644

California Desert Association of REALTORS®
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