NOT LISTED FOR SALE

Estimated Value: $1,913,699 - $2,126,000

15 Beds
7 Baths
6,570 Sq Ft
$307/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $1,800,000 $274 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $12,582/month

25 Days on Market

Highlights

  • 0.46 Acre Lot
  • Laundry Room
  • Vinyl Flooring
  • Abraham Lincoln High School Rated A-
  • Floor Furnace
  • 4-minute walk to El Sereno Recreation Center

About This Home

As of April 2022

Property is in compliance with Los Angeles Building and Safety Soft-Story Retrofit Ordinance. New asphalt paving in parking lot. Excellent seven unit investment opportunity with great curb appeal. Six units with 2 bedrooms, 1 bath. One unit with 3 bedrooms, 1 bath on a well maintained 20,215 square foot lot. Some units have been upgraded with vinyl plank flooring. Each unit has its own washer and dryer hook up. Each unit has one car garage with plenty of other parking spaces (3 bedroom unit has two car garage)
Conveniently located just minutes away from cities of Downtown LA, South Pasadena, Pasadena, Alhambra, Monterey Park, etc. Nearby freeways of 710, 10, and 5. Close to Cal State LA, Costco and Target.

Last Agent to Sell the Property

Raymond Zhao

RED DRAGON REALTY CORP. License #01750159 Listed on: 02/21/2022

Last Buyer's Agent

Vincent Hinh

First Team Real Estate License #02071442

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 6,570 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 5132
  • Assessor Parcel Number 5216008032
  • $1,848 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $180
  • Insurance Expense $4,000
  • Water Sewer Expense $12,500
  • Operating Expense $16,680
  • Gross Income $113,640
  • Net Operating Income $96,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 12500.00
  • Zoning: LARD5
  • Property Type: Residential Income
  • Parcel Number: 5216008032
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Levels: One
  • Price Per Square Foot: 273.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 20069.00
  • Lot Size Acres: 0.4607

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 113640.00
  • Gross Scheduled Income: 113640.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 20069.0000 Square Feet
  • Net Operating Income: 96960.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 16680.00
  • Rent Control: Yes
  • Total Actual Rent: 113640.00
  • Total Expenses: 16680.00

Tax Info

  • Tax Census Tract: 2016.01
  • Tax Lot: 3
  • Tax Tract Number: 5132
  • TaxOtherAnnualAssessmentAmount: 1848.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2013
Closed on
Aug 13, 2013
Sold by
Kwan Yuk On and Chan Wa Chun
Bought by
Wu Robert and Ma Peljie
Seller's Agent
JANET LUONG
RE/MAX ELITE REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$986,000
Sold Price
$986,000
Current Estimated Value
$2,019,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,033,850
Avg. Annual Appreciation
5.95%
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
Wu Robert $986,000 Title 365 Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2022 04/15/22 Sold $1,800,000 0.0% $274 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
03/12/2022 03/12/22 For Sale $1,800,000 0.0% $274 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $1,800,000 +82.6% $274 / Sq Ft
08/16/2013 08/16/13 Sold $986,000 0.0% $150 / Sq Ft View Prior Sale
07/22/2013 07/22/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $986,000 -- $150 / 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 $24,376 $1,910,173 $1,538,751 $371,422
2024 $24,376 $1,872,720 $1,508,580 $364,140
2023 $23,930 $1,836,000 $1,479,000 $357,000
2022 $15,173 $1,138,980 $566,025 $572,955
2021 $14,971 $1,116,648 $554,927 $561,721
2020 $15,104 $1,105,199 $549,237 $555,962
2019 $14,564 $1,083,529 $538,468 $545,061
2018 $14,180 $1,062,284 $527,910 $534,374
2016 $13,496 $1,021,036 $507,411 $513,625
2015 $13,315 $1,005,700 $499,790 $505,910
2014 $13,402 $986,000 $490,000 $496,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22033987

California Regional Multiple Listing Service (CRMLS)

APN: 5216-008-032