NOT LISTED FOR SALE
16 Beds
24 Baths
9,600 Sq Ft
7,498 Sq Ft Lot

Last Sold June 24, 2015

Last sale price $4,200,000 $438 Per Sq Ft

29 Days on Market

Highlights

  • Intercom
  • Richland Avenue Elementary Rated A-
  • Central Heating

About This Home

As of June 2015

This property is in a great location and was newly built in 2010.It is close to The West Side Pavilion, Best Buy and the Little Tokyo West, as well as being within driving distance to Santa Monica, the beaches and Culver City. All units have rooftop decks and washer and dryer hook ups in the units. The current owner just cemented the frontage making it very easy to maintain. There is ample parking for all and is very low maintenance. There is an on-site manager currently paying $1,250/ month so there is upside there, as well. It is close to the new, up coming light rail stop for future value and will be perfect for commuters. It is great for your investor or 1031 Exchange buyer.There is existing first deed of trust with Chase Bank that must be assumed in the amount of $2,010,000 with an interest rate of 3.72%. Call for more information.

Last Agent to Sell the Property

Frederick Spigelman

Ramsey-Shilling Associates License #01770461 Listed on: 03/29/2015

Last Buyer's Agent

Lili Chan

License #01490939

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2010

Lot Details

  • 7,498 Sq Ft Lot

Home Design

  • 9,600 Sq Ft Home
  • Stucco

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 24 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Home Security

  • Intercom
  • Alarm System

Parking

  • 24 Parking Spaces
  • Assigned Parking

Utilities

  • Central Heating
  • Phone System
  • Cable TV Available

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 4260-040-023

Property Details

Home Type

Multi-Family

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 9600
  • Probate: No
  • Year Built: 2010
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Carpet: 8
  • Number Dishwasher: 8
  • Number Disposal: 8
  • Number Range: 8
  • Number Refrigerator: 8
  • Bedrooms: 16
  • Common Walls: Attached
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 24.00
  • Den: 0
  • Equipment: Alarm System, Cable, Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Intercom, Phone System, Range/Oven
  • Price Per S Q F T: 447.92

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 24

Utilities

  • Cooling: Air Conditioning
  • Electric Expense: 1500.00
  • Heating: Central
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Number Water Meters: 8
  • Water Expense: 1500.00

Fee Information

  • Maintenance Expense: 600.00
  • Other Expense: 3298.00
  • Trash Expense: 2400.00

Lot Info

  • Assessor Parcel Number: 4260-040-023
  • Geocode Override: No
  • Lot Size Area: 7498

Rental Info

  • Number Leased: 8
  • Total Actual Rent: 221400.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 19.42
  • Number Of Units: 8
  • Number Wall A C: 8
  • Total Annual Expense: 66528
  • Type Of Units: Income
  • Vacancy Rate: 3

Tax Info

  • Tax Expense: 53750.00

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

Property History

Date Event Price Change Sq Ft Price
06/24/2015 06/24/15 Sold $4,200,000 -2.3% $438 / Sq Ft
04/27/2015 04/27/15 Pending -- -- --
03/29/2015 03/29/15 For Sale $4,300,000 -- $448 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-891295

The MLS