NOT LISTED FOR SALE

Estimated Value: $1,030,000 - $1,372,000

6 Beds
4 Baths
3,046 Sq Ft
$383/Sq Ft Est. Value

Last Sold June 07, 2018

Last sale price $890,000 $292 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,037/month

11 Days on Market

About This Home

As of June 2018

HUGE upside potential on this 4-unit building located in the coveted Leimert Park neighborhood! This well cared for income property is centrally located in an area with an unprecedented amount of development contemplated and in process (i.e. the METRO, redevelopment of the Baldwin Hills Crenshaw Plaza, District Square and thousands of luxury condo & apartment units). Higher income is attainable immediately (as occupied units turn over), but there will also be material equity upside as new developments are completed and the area appreciation out paces most other Los Angeles neighborhoods. Take advantage of this unique investment opportunity and make your offer subject to inspection.

Last Agent to Sell the Property

Tisha Greene

LA Vision Properties, Inc. License #01426433 Listed on: 05/10/2018

Last Buyer's Agent

Tisha Greene

LA Vision Properties, Inc. License #01426433 Listed on: 05/10/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 4,477

Home Design

  • 3,046 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway

Additional Features

  • 4,477 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5044-021-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

4,477 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: HUGE upside potential on this 4-unit building located in the coveted Leimert Park neighborhood! This well cared for income property is centrally located in an area with an unprecedented amount of development contemplated and in process (i.e. the METRO, redevelopment of the Baldwin Hills Crenshaw Plaza, District Square and thousands of luxury condo & apartment units). Higher income is attainable immediately (as occupied units turn over), but there will also be material equity upside as new developments are completed and the area appreciation out paces most other Los Angeles neighborhoods. Take advantage of this unique investment opportunity and make your offer subject to inspection.
  • Living Area: 3046
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 279.02

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway - Concrete
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5044-021-019
  • Geocode Override: No
  • Lot Size Area: 4477

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Income

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2018
Closed on
May 24, 2018
Sold by
Sherrill Roderick and Sherrill Roslyn D
Bought by
Schuman Steven A
Seller's Agent
Tisha Greene
LA Vision Properties, Inc.
Buyer's Agent
Tisha Greene
LA Vision Properties, Inc.
List Price
$849,900
Sold Price
$890,000
Premium/Discount to List
$40,100
4.72%
Current Estimated Value
$1,166,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,044
Avg. Annual Appreciation
3.54%

Purchase Details

Closed on
Jun 28, 2007
Sold by
Sherrill Roderick and Sherrill Roslyn D
Bought by
Sherrill Roderick and Sherrill Roslyn D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2006
Sold by
Ganther Duane Anthony and Ganther Audry Ruth
Bought by
Sherrill Roderick and Sherrill Roslyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
7.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 27, 2001
Sold by
Union Planters Bank Na
Bought by
Ganther Duane Anthony and Ganther Audry Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,900
Interest Rate
6.39%

Purchase Details

Closed on
Jan 16, 2001
Sold by
Smith Gretchen
Bought by
Union Planters Bank Na

Purchase Details

Closed on
Sep 17, 1999
Sold by
Feldman Gerald
Bought by
Smith Gretchen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,637
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 1999
Sold by
Feldman Gloria
Bought by
Feldman Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,400
Interest Rate
6.94%

Purchase Details

Closed on
Apr 28, 1999
Sold by
Maruyama Kazuko O and The Kazuko O Maruyama Trust
Bought by
Feldman Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,400
Interest Rate
6.94%

Purchase Details

Closed on
Jul 8, 1998
Sold by
Maruyama Kazuko O
Bought by
Maruyama Kazuko O and Kazuko O Maruyama Trust
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
Schuman Steven A $890,000 None Available
Sherrill Roderick -- Alliance Title Company
Sherrill Roderick $670,000 Fidelity Van Nuys
Ganther Duane Anthony $235,000 Fidelity National Title Co
Union Planters Bank Na $305,789 Fidelity Title
Smith Gretchen $289,000 California Counties Title Co
Feldman Gerald -- Gateway Title
Feldman Gerald $202,909 Gateway Title
Maruyama Kazuko O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherrill Roderick $620,000
Previous Owner Sherrill Roderick $536,000
Previous Owner Ganther Duane Anthony $187,900
Previous Owner Smith Gretchen $286,637
Previous Owner Feldman Gerald $148,400
Closed Ganther Duane Anthony $11,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2018 06/07/18 Sold $890,000 +4.7% $292 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $849,900 -- $279 / Sq Ft
Source: The MLS

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 $12,431 $1,012,662 $796,478 $216,184
2024 $12,431 $992,807 $780,861 $211,946
2023 $12,198 $973,341 $765,550 $207,791
2022 $11,644 $954,257 $750,540 $203,717
2021 $11,490 $935,547 $735,824 $199,723
2019 $11,152 $907,800 $714,000 $193,800
2018 $10,036 $804,691 $660,572 $144,119
2016 $8,411 $675,000 $540,000 $135,000
2015 $7,637 $610,000 $488,000 $122,000
2014 $6,491 $500,000 $400,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-342592

The MLS

APN: 5044-021-019

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