NOT LISTED FOR SALE

2592 S Westgate Ave Los Angeles, CA 90064

Sawtelle Neighborhood

Estimated Value: $1,693,836 - $1,991,000

5 Beds
4 Baths
2,419 Sq Ft
$754/Sq Ft Est. Value

Last Sold April 04, 2012

Last sale price $805,500 $333 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $10,900/month

27 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Wall Furnace
  • Richland Avenue Elementary Rated A-
  • Satellite Dish

About This Home

As of April 2012

This investment property is a wonderful affordable opportunity situated in one of the most desirable West Los Angles areas. The sellers have owned this property for over 24 years and are ready to move on. It's outside 1940's design coupled with periodic design improvements over the years are part of it's unique charm in the neighborhood. Occupancy is at 100%. Two tenants have been long term dependable and watchful dwellers. With interest rates at an all time low and property value remaining consistent in the LA basin this property fits any long term investment portfolio. Property is subject to inspection upon acceptance of an "offer". There is no "For Sale" sign on the property and tenants are not aware of the sale, so please please do not disturb or view the property without proper notice to the listing agent. All inquires are responded to quickly.

Last Agent to Sell the Property

Stewart Fournier

Compass License #01280071 Listed on: 01/21/2012

Compass

Co-Listed By

Randi Fournier

Compass License #01272345

Last Buyer's Agent

Hayam Nakhla

Keller Williams Silicon Beach License #01465888

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,394

Year Built

  • Built in 1941

Lot Details

  • 5,443

Parking

  • 1 Car Garage

Home Design

  • 2,419 Sq Ft Home
  • Traditional Architecture
  • Additions or Alterations
  • Frame Construction
  • Composition Roof
  • Plaster
  • Stucco

Utilities

  • Wall Furnace
  • Satellite Dish

Additional Features

  • 5,443 Sq Ft Lot
  • Suburban Location

Listing and Financial Details

  • Tax Lot 132
  • Tax Tract Number 10468
  • Assessor Parcel Number 4257004020

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • Gross Income $5,100
  • Net Operating Income $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,394

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Zoning: LARD 1.5
  • Architectural Style: Traditional
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 4257004020
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 332.99

Exterior Features

  • Exterior Features: Satellite Dish
  • Roof: Composition
  • Construction Materials: Frame, Plaster, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 5443.00
  • Lot Size Acres: 0.1200

Multi Family

  • Gross Income: 5100.00
  • Gross Multiplier: 13.40
  • Gross Scheduled Income: 61200.00
  • Lot Size Area: 5443.0000 Square Feet
  • Net Operating Income: 500.00
  • Number Of Units Total: 4
  • Operating Expense: 850.00
  • Operating Expense Percent: 5.00
  • Rent Control: Yes
  • Total Actual Rent: 5100.00

Tax Info

  • Tax Area: 67
  • Taxes Percent: 1.25
  • Tax Lot: 132
  • Tax Tract Number: 10468
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2024
Sold by
Mekari Cindy and Mekari Magdi
Bought by
2592-2598 Westgate Properties Llc
Current Estimated Value
$1,824,959

Purchase Details

Listed on
Jan 21, 2012
Closed on
Mar 30, 2012
Sold by
Mekari Cindy and Mekari Mariana
Bought by
Mekari Magdi and Mekari Mona
Seller's Agent
Stewart Fournier
Compass
Buyer's Agent
Hayam Nakhla
Keller Williams Silicon Beach
List Price
$825,100
Sold Price
$805,500
Premium/Discount to List
-$19,600
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$502,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2012
Closed on
Feb 15, 2012
Sold by
Uridel Loren H and Harris Lynn M
Bought by
Mekari Cindy and Mekari Mariana
Seller's Agent
Stewart Fournier
Compass
Buyer's Agent
Hayam Nakhla
Keller Williams Silicon Beach
List Price
$825,100
Sold Price
$805,500
Premium/Discount to List
-$19,600
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2006
Sold by
Uridel Loren H and Harris Lynn M
Bought by
Uridel Loren H and Harris Lynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2001
Sold by
Harris Lynn M
Bought by
Harris Lynn M and The Lynn M Harris Revocable Li
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
2592-2598 Westgate Properties Llc $1,685,000 Lawyers Title Company
Mekari Magdi -- None Available
Mekari Cindy $805,500 Pacific Coast Title Company
Uridel Loren H -- Accommodation
Uridel Loren H -- United Title Company
Harris Lynn M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mekari Magdi $479,000
Previous Owner Mekari Cindy $502,500
Previous Owner Uridel Loren H $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2012 04/04/12 Sold $805,500 -2.4% $333 / Sq Ft
02/17/2012 02/17/12 Pending -- -- --
01/21/2012 01/21/12 For Sale $825,100 -- $341 / 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 $12,394 $1,718,700 $1,377,000 $341,700
2024 $12,394 $991,906 $775,796 $216,110
2023 $12,161 $972,458 $760,585 $211,873
2022 $11,608 $953,391 $745,672 $207,719
2021 $11,459 $934,698 $731,051 $203,647
2019 $11,122 $906,975 $709,368 $197,607
2018 $11,052 $889,192 $695,459 $193,733
2016 $10,568 $854,665 $668,454 $186,211
2015 $10,416 $841,828 $658,414 $183,414
2014 $10,465 $825,339 $645,517 $179,822
Source: Public Records

Agents Affiliated with this Home

  • Stewart Fournier

    Seller's Agent in 2012

    Stewart Fournier

    Compass

    (310) 968-1730

    14 Total Sales

    Stewart Fournier
    Section Image
  • Randi Fournier

    Seller Co-Listing Agent in 2012

    Randi Fournier

    Compass

    (310) 415-6023

    26 Total Sales

    Randi Fournier
    Section Image

  • H

    Buyer's Agent in 2012

    Hayam Nakhla

    Keller Williams Silicon Beach

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12010797

California Regional Multiple Listing Service (CRMLS)

APN: 4257-004-020

California Los Angeles County Los Angeles 90064 Sawtelle

2592 S Westgate Ave, Los Angeles, CA

This home is located at 2592 S Westgate Ave, Los Angeles, CA 90064 since 21 January 2012 and is currently estimated at $1,824,959, approximately $754 per square foot. This property was built in 1941. 2592 S Westgate Ave is a home located in Los Angeles County with nearby schools including Richland Avenue Elementary, Nora Sterry Elementary School, and Daniel Webster Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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