NOT LISTED FOR SALE

Estimated Value: $914,000 - $996,000

8 Beds
4 Baths
2,891 Sq Ft
$335/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $850,000 $294 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,247/month

176 Days on Market

Highlights

  • Fireplace in Bathroom
  • No HOA
  • Wrought Iron Fence
  • Corner Lot
  • Accessible Parking
  • Carpet

About This Home

As of April 2022

Great income property on a corner lot with upside potential. Calling on all investors to take a look at this investors' delight and add it to your portfolio! This property is a 4-Unit property which has: 3 bedroom 1 bath, 2 bedroom 1 bath, 2 bedroom 1bath and 1 bedroom 1 bath. Parking is available for about 4 vehicles. Property is located in a Rent Control Area of Los Angeles and it is approved for Section 8 Tenants. Property is also perfect for Owner-Occupied buyers who are looking for a perfect opportunity to purchase a property that will help them pay for the mortgage - live in one unit and rent out the rest. This property will go very quickly so, agents, hurry and bring your clients for a quick escrow and closing!!

Last Agent to Sell the Property

Barbara Thomas

The Jackson Real Estate Group License #01470178 Listed on: 08/17/2021

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,707

Year Built

  • Built in 1940

Lot Details

  • 6,299 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Corner Lot
  • Front Yard

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Fire Rated Drywall

Interior Spaces

  • 2,891 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Wall Furnace
  • Septic Type Unknown

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 157
  • Tax Tract Number 3064
  • Assessor Parcel Number 6074003008
  • $1,043 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,707

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Price Per Unit: 220000
  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Zoning: LAC2
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6074003008
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Bath, Kitchen, Living Room, Electric, Gas
  • Price Per Square Foot: 294.02
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 6299.00
  • Lot Size Acres: 0.1446

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Lot Size Area: 6299.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 4034.00

Tax Info

  • Tax Census Tract: 2405.00
  • Tax Lot: 157
  • Tax Tract Number: 3064
  • TaxOtherAnnualAssessmentAmount: 1043.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Apr 12, 2022
Sold by
Riven Soroh
Bought by
Riven Isaac
Seller's Agent
Barbara Thomas
The Jackson Real Estate Group
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$900,000
Sold Price
$850,000
Premium/Discount to List
-$50,000
-5.56%
Current Estimated Value
$967,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,215
Avg. Annual Appreciation
4.14%
Original Mortgage
$680,000
Outstanding Balance
$638,267
Interest Rate
3.85%
Mortgage Type
Balloon
Estimated Equity
$334,693

Purchase Details

Closed on
Feb 16, 2022
Sold by
Nwanisobi Hope U
Bought by
Nwanisobi Hope U and Nwanisobi Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Outstanding Balance
$638,267
Interest Rate
3.85%
Mortgage Type
Balloon
Estimated Equity
$334,693

Purchase Details

Closed on
Sep 12, 2019
Sold by
Nwanisobi Christian
Bought by
Nwanisobi Christian and Nwanisobi Hope U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 14, 2011
Sold by
Nwanisobi Christian
Bought by
Nwanisobi Christian

Purchase Details

Closed on
Apr 26, 2010
Sold by
Nwanisobi Barbara
Bought by
Nwanisobi Christian

Purchase Details

Closed on
Sep 12, 2005
Sold by
Nwanisobi Christian
Bought by
Nwanisobi Christian and Nwanisobi Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
7.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2005
Sold by
Nwaba Theodore O
Bought by
Nwanisobi Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
7.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2005
Sold by
Nwanisobi Barbara E
Bought by
Nwanisobi Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
7.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Nwaba Theodore
Bought by
Nwaba Theodore O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2002
Sold by
Alamitos Properties Inc
Bought by
Nwaba Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.52%

Purchase Details

Closed on
Jan 28, 2002
Sold by
Washington Mutual Home Loans Inc
Bought by
Alamitos 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
$179,800
Interest Rate
7.15%

Purchase Details

Closed on
Jun 27, 2001
Sold by
Alcantar Fabiola
Bought by
Washington Mutual Home Loans Inc

Purchase Details

Closed on
Aug 30, 1999
Sold by
Equity 2000 Associates Inc
Bought by
Alcantar Fabiola and Becerra Gilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,735
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 9, 1998
Sold by
Household Finance Corp Of California
Bought by
Equity 2000 Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.18%

Purchase Details

Closed on
Sep 8, 1997
Sold by
Perez Raul
Bought by
Household Finance Corp Of California
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
Riven Isaac -- Netco Title
Nwanisobi Hope U -- Netco Title
Nwanisobi Christian -- Stewart Title Of Ca Inc
Nwanisobi Christian -- None Available
Nwanisobi Christian -- None Available
Nwanisobi Christian -- --
Nwanisobi Christian $610,000 --
Nwanisobi Christian -- Southland Title
Nwaba Theodore O -- United Title Company
Nwaba Theodore $310,000 Southland Title Company
Alamitos Properties Inc $162,000 Fidelity National Title Co
Washington Mutual Home Loans Inc $162,000 First American Title Ins Co
Alcantar Fabiola $277,000 First Southwestern Title Co
Equity 2000 Associates Inc $138,000 Benefit Land Title Company
Household Finance Corp Of California $106,153 United Independent Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riven Isaac $680,000
Previous Owner Nwanisobi Christian $380,000
Previous Owner Nwanisobi Christian $488,000
Previous Owner Nwanisobi Christian $122,000
Previous Owner Nwaba Theodore O $450,500
Previous Owner Nwaba Theodore O $360,000
Previous Owner Nwaba Theodore $248,000
Previous Owner Alamitos Properties Inc $179,800
Previous Owner Alcantar Fabiola $274,735
Previous Owner Equity 2000 Associates Inc $110,000
Closed Nwaba Theodore $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2022 04/21/22 Sold $850,000 -3.4% $294 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/03/2022 02/03/22 Price Changed $880,000 -2.2% $304 / Sq Ft
08/17/2021 08/17/21 For Sale $900,000 -- $311 / 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 $11,707 $902,026 $371,422 $530,604
2024 $11,707 $884,340 $364,140 $520,200
2023 $11,490 $867,000 $357,000 $510,000
2022 $10,232 $785,524 $270,424 $515,100
2021 $10,098 $770,122 $265,122 $505,000
2020 $10,190 $762,226 $262,404 $499,822
2019 $9,627 $732,000 $251,900 $480,100
2018 $7,994 $593,000 $204,100 $388,900
2016 $7,266 $540,000 $255,000 $285,000
2015 $5,586 $400,000 $190,000 $210,000
2014 $6,247 $444,000 $208,900 $235,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21181913

California Regional Multiple Listing Service (CRMLS)

APN: 6074-003-008