NOT LISTED FOR SALE

Estimated Value: $753,740 - $882,000

5 Beds
4 Baths
2,500 Sq Ft
$319/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $678,000 $271 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,910/month

32 Days on Market

About This Home

As of April 2022

Amazing Craftsman 4 Unit cash flowing investment opportunity located only Minutes away from Downtown LA, SoFi Stadium & USC this gem is what you would truly call CENTRALIZED with close proximity to shopping centers and freeways as well. The Property Features a long driveway with plenty of parking, Separate Gas & Electricity Meter and rear alley access. Dont miss this opportunity !

Last Agent to Sell the Property

Bryan Cruz

Realty One Group United License #02056215 Listed on: 02/12/2022

Realty One Group United

Last Buyer's Agent

Bryan Cruz

Realty One Group United License #02056215 Listed on: 02/12/2022

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,200 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Driveway
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 239
  • Assessor Parcel Number 6030012021
  • $420 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,800
  • Water Sewer Expense $400
  • Operating Expense $400
  • Gross Income $62,460
  • Net Operating Income $57,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • CapRate: 7.30
  • Property Attached: Yes
  • Water Sewer Expenses: 400.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 6030012021
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 271.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Driveway

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5200.00
  • Lot Size Acres: 0.1194

Multi Family

  • Gross Income: 62460.00
  • Gross Scheduled Income: 5205.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5200.0000 Square Feet
  • Net Operating Income: 57660.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4800.00
  • Rent Control: Yes
  • Total Actual Rent: 5205.00
  • Total Expenses: 400.00

Tax Info

  • Tax Census Tract: 2397.02
  • Tax Lot: 37
  • Tax Tract Number: 239...
  • TaxOtherAnnualAssessmentAmount: 420.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2022
Closed on
Apr 4, 2022
Sold by
Knapp Steven Douglas
Bought by
Franco Jesus Paez
Seller's Agent
Bryan Cruz
Realty One Group United
Buyer's Agent
Bryan Cruz
Realty One Group United
List Price
$789,888
Sold Price
$678,000
Premium/Discount to List
-$111,888
-14.17%
Current Estimated Value
$797,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,185
Avg. Annual Appreciation
4.45%
Original Mortgage
$542,400
Outstanding Balance
$506,781
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$290,404

Purchase Details

Closed on
Apr 16, 2019
Sold by
Blackrock Housing West Llc
Bought by
Knapp Steven Douglas

Purchase Details

Closed on
Jul 21, 2017
Sold by
Blackrock Housing West Llc
Bought by
Knapp Steven Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,951
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 2010
Sold by
Uni Source Llc
Bought by
Blackrock Housing West Llc

Purchase Details

Closed on
May 24, 2010
Sold by
Aldo Services Inc
Bought by
Uni Source Llc

Purchase Details

Closed on
May 13, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Aldo Services Inc

Purchase Details

Closed on
Jan 29, 2009
Sold by
Canela Juan
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Oct 11, 2005
Sold by
Canela Juan
Bought by
Canela Juan and Delgado Maria D

Purchase Details

Closed on
Jun 10, 2005
Sold by
Delgado Maria Dolores
Bought by
Canela Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 10, 2005
Sold by
Gomlin Properties Llc
Bought by
Canela Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 25, 2004
Sold by
Duarte Maria
Bought by
Gomlin Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2000
Sold by
Duarte Gilberto and Duarte Juan
Bought by
Duarte Juan
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
Franco Jesus Paez $678,000 Pacific Coast Title
Knapp Steven Douglas -- Pacific Coast Title Company
Knapp Steven Douglas $610,000 Pacific Coast Title Company
Blackrock Housing West Llc $390,003 None Available
Uni Source Llc -- None Available
Aldo Services Inc $185,000 Lawyers Title Company
Hsbc Bank Usa National Association $296,250 None Available
Canela Juan -- Accommodation
Canela Juan -- Commonwealth Title
Canela Juan $585,000 --
Gomlin Properties Llc $357,000 Fidelity National Title Comp
Duarte Juan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franco Jesus Paez $542,400
Previous Owner Knapp Steven Douglas $598,951
Previous Owner Canela Juan $468,000
Previous Owner Gomlin Properties Llc $341,000
Closed Gomlin Properties Llc $50,000
Closed Canela Juan $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2022 04/18/22 Sold $678,000 -14.2% $271 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/04/2022 03/04/22 Price Changed $789,888 0.0% $316 / Sq Ft
03/04/2022 03/04/22 For Sale $789,888 +16.5% $316 / Sq Ft
02/22/2022 02/22/22 Off Market $678,000 -- --
02/12/2022 02/12/22 For Sale $788,888 +29.3% $316 / Sq Ft
10/10/2017 10/10/17 Sold $610,000 +2.5% $244 / Sq Ft View Prior Sale
07/06/2017 07/06/17 For Sale $595,000 -- $238 / 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 $8,908 $719,498 $477,543 $241,955
2024 $8,908 $705,391 $468,180 $237,211
2023 $8,740 $691,560 $459,000 $232,560
2022 $8,062 $654,042 $375,270 $278,772
2021 $7,956 $641,218 $367,912 $273,306
2020 $8,032 $634,644 $364,140 $270,504
2019 $3,491 $261,851 $114,847 $147,004
2018 $3,409 $256,718 $112,596 $144,122
2016 $3,238 $246,752 $108,225 $138,527
2015 $3,195 $243,047 $106,600 $136,447
2014 $3,231 $238,287 $104,512 $133,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22028503

California Regional Multiple Listing Service (CRMLS)

APN: 6030-012-021