NOT LISTED FOR SALE

Estimated Value: $839,000 - $941,413

4 Beds
3 Baths
1,786 Sq Ft
$492/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $860,000 $482 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,371/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • No HOA
  • Main Floor Bedroom
  • Lawn
  • Double Pane Windows

About This Home

As of January 2024

A fully vacant duplex built in 1987 NOT subject to LA city rent control. This 2 unit property totals 1,786sf in size and has a front 1/1 unit with a two story attached 3/2 unit in the rear that have both been lightly remodeled and delivered vacant at close of escrow.
This property allows potential for an owner-occupier to live one or both of the units immediately. Or, an investor can come and collect market rents immediately without having to pay any relocation assistance. Since the property was built in 1987, it is NOT subject to local Los Angeles rent stabilization ordinance. On a 5,100sf lot zoned R1, the backyard has tons of space including a detached 2 car garage structure that can be converted into an ADU(s) for additional income. Will Sell Fast!

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 11/17/2023

Last Buyer's Agent

Kenneth Allakhverdov

Luxury Collective License #02105777

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 5,100 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Block Wall Fence
  • Wire Fence
  • Landscaped
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking
  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,786 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Laminate Flooring

Kitchen

  • Range Hood
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 177
  • Tax Tract Number 1889
  • Assessor Parcel Number 6022014026
  • $343 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $16,607
  • Gross Income $66,000
  • Net Operating Income $48,073

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

5,100 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • View: No
  • Zoning: LAR1
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6022014026
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 481.52
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Fence: Yes
  • Fencing: Block, Wire
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Tandem Uncovered
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Range Hood, Water Heater
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 5100.00
  • Lot Size Acres: 0.1171

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 66000.00
  • Gross Multiplier: 12.10
  • Gross Scheduled Income: 66000.00
  • Lot Size Area: 5100.0000 Square Feet
  • Net Operating Income: 48073.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 16607.00
  • Rent Control: No
  • Total Expenses: 16607.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2396.02
  • Tax Lot: 177
  • Tax Tract Number: 1889
  • TaxOtherAnnualAssessmentAmount: 343.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2023
Closed on
Dec 20, 2023
Sold by
Hollyvale Rental Holdings Llc
Bought by
Mathurin Jeremy
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Kenneth Allakhverdov
Luxury Collective
List Price
$799,000
Sold Price
$860,000
Premium/Discount to List
$61,000
7.63%
Views
812
Current Estimated Value
$879,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,603
Avg. Annual Appreciation
1.03%
Original Mortgage
$844,423
Outstanding Balance
$827,593
Interest Rate
7.29%
Mortgage Type
FHA
Estimated Equity
$52,010

Purchase Details

Closed on
Jan 31, 2023
Sold by
Zbs Law Llp
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Listed on
Mar 11, 2013
Closed on
Jun 11, 2013
Sold by
Meaows Flossie
Bought by
Flossie Meadows Trust
Seller's Agent
Jila Shoumer
Nelson Shelton & Associates
Buyer's Agent
SHEILA MCDANIEL
List Price
$339,900
Sold Price
$350,000
Premium/Discount to List
$10,100
2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%

Purchase Details

Listed on
Mar 11, 2013
Closed on
Mar 22, 2013
Sold by
Aria Capital Llc
Bought by
Meadows Flossie
Seller's Agent
Jila Shoumer
Nelson Shelton & Associates
Buyer's Agent
SHEILA MCDANIEL
List Price
$339,900
Sold Price
$350,000
Premium/Discount to List
$10,100
2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.47%
Mortgage Type
VA

Purchase Details

Listed on
Dec 11, 2012
Closed on
Dec 26, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Aria Capital Llc
Seller's Agent
Raymond Eshaghian
Raymond Realty Group
Buyer's Agent
Raymond Eshaghian
Raymond Realty Group
List Price
$184,900
Sold Price
$193,000
Premium/Discount to List
$8,100
4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
627.28%

Purchase Details

Closed on
Aug 5, 2011
Sold by
Espinola Edilberto
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Aug 12, 1994
Sold by
Espinola Ana R
Bought by
Espinola Edilberto
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mathurin Jeremy $860,000 Usa National Title Company
Hollyvale Rental Holdings Llc $426,000 Usa National Title
Flossie Meadows Trust -- None Available
Meadows Flossie $350,000 Servicelink
Aria Capital Llc $193,000 Servicelink
Deutsche Bank National Trust Company $207,248 Accommodation
Espinola Edilberto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathurin Jeremy $844,423
Previous Owner Meadows Flossie $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2024 01/05/24 Sold $860,000 +7.6% $482 / Sq Ft
12/02/2023 12/02/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $799,000 +128.3% $447 / Sq Ft
04/19/2013 04/19/13 Sold $350,000 +3.0% $196 / Sq Ft View Prior Sale
03/15/2013 03/15/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $339,900 +76.1% $190 / Sq Ft
12/31/2012 12/31/12 Sold $193,000 +4.4% $108 / Sq Ft View Prior Sale
12/18/2012 12/18/12 Pending -- -- --
12/11/2012 12/11/12 For Sale $184,900 -- $104 / 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 $9,527 $877,200 $775,200 $102,000
2024 $9,527 $765,000 $561,000 $204,000
2023 $5,234 $414,253 $224,879 $189,374
2022 $4,995 $406,131 $220,470 $185,661
2021 $4,927 $398,169 $216,148 $182,021
2019 $4,781 $386,361 $209,738 $176,623
2018 $4,677 $378,786 $205,626 $173,160
2016 $4,456 $364,080 $197,643 $166,437
2015 $4,391 $358,612 $194,675 $163,937
2014 $4,415 $351,588 $190,862 $160,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23212195

California Regional Multiple Listing Service (CRMLS)

APN: 6022-014-026

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