NOT LISTED FOR SALE

Estimated Value: $2,052,000 - $2,444,000

4 Beds
2 Baths
2,092 Sq Ft
$1,116/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $1,900,000 $908 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $14,509/month

Highlights

  • Private Yard
  • No HOA
  • Central Heating
  • Richland Avenue Elementary Rated A-
  • Laundry Room
  • 4 Car Garage

About This Home

As of September 2019

Great Duplex for an owner/user, or a wonderful opportunity for a developer to build an apartment building!
2 units - 1,048 SF each - 2 Bed / 1 Bath. Lower unit was rented at $3,400 / month.
Amazing opportunity to develop or keep and hold to build down the line. Lot is 6,253 SF and zoned LAR4 in a TOC TIER 3, which allows for certain density bonuses. Could build 15 units 1 / 1 at 750 SF each and 10 2 /2 at 1,100 SF each (total 25 units / 23,550 SF). Buyer to conduct own investigations and verify information.
Come see it before it is gone!

Last Agent to Sell the Property

Marc de Longeville

Sotheby's International Realty License #01987515 Listed on: 03/15/2019

Sotheby's International Realty

Last Buyer's Agent

Marc de Longeville

Sotheby's International Realty License #01987515 Listed on: 03/15/2019

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,878

Year Built

  • Built in 1948

Lot Details

  • 6,253 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Duplex

Interior Spaces

  • 2,092 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Heating

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 120
  • Tax Tract Number 5498
  • Assessor Parcel Number 4260031023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,878

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: 213 675-0197
  • Property Attached: Yes
  • View: No
  • Zoning: LAR4 - TOC TIER 3
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 4260031023
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2092.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 908.22
  • Room Type: Kitchen, Laundry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6253.00
  • Lot Size Acres: 0.1435

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6253.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 2712.00
  • Tax Lot: 120
  • Tax Tract Number: 5498

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2024
Sold by
Kwong Emily
Bought by
Emily Kwong Living Trust and Kwong
Current Estimated Value
$2,334,146

Purchase Details

Closed on
Jan 28, 2019
Sold by
Pierre Christopher J and The Charles G Pierre Trust
Bought by
Nelson Matt and Kwong Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.8%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 5, 2014
Sold by
Pierre Charles G
Bought by
Pierre Charles G and Charles G Pierre Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Emily Kwong Living Trust -- None Listed On Document
Nelson Matt $1,900,000 Fidelity National Title Co
Pierre Charles G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelson Matt $1,467,000
Previous Owner Nelson Matt $1,400,000
Previous Owner Pierre Christopher J $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2019 09/03/19 Sold $1,900,000 -9.1% $908 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $2,090,000 -- $999 / 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 $24,878 $2,077,924 $1,640,468 $437,456
2024 $24,878 $2,037,181 $1,608,302 $428,879
2023 $24,396 $1,997,237 $1,576,767 $420,470
2022 $23,262 $1,958,076 $1,545,850 $412,226
2021 $22,982 $1,919,684 $1,515,540 $404,144
2019 $1,564 $97,533 $71,406 $26,127
2018 $1,509 $95,621 $70,006 $25,615
2016 $14,249 $1,167,537 $822,352 $345,185
2015 $14,042 $90,531 $66,279 $24,252
2014 $1,349 $88,758 $64,981 $23,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19057820

California Regional Multiple Listing Service (CRMLS)

APN: 4260-031-023