$770,000
SOLD DEC 1, 2017
4 Beds
2 Baths
1,684 Sq Ft
4,294 Sq Ft Lot

Recently Sold

$457 Per Sq Ft

6% Above List Price

63 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Lawn
  • Wood Flooring
  • Ground Level Unit
  • Double Door Entry

About This Home

As of September 2018

TERRIFIC INVESTMENT OPPORTUNITY, MINUTES AWAY FROM DOWNTOWN CULVER CITY!! Detached Duplex, Bungalow Style Units. Contains (2) 2Bdrm, 1Bath units with shared, enclosed patio area & detached 2-car garage. Units are very clean and have been updated recently. Both units have almost identical floor-plan. Good opportunity to owner/occupy one unit and use the other for income. Great location on the Western boundary of the 90016, minutes to New Expo Line, Wilshire Blvd, 10 Fwy with quick access to both Downtown LA and Santa Monica. The logistics of this property make it a smart investment with large upside for years to come. PLEASE TAKE A LOOK AT ATTACHED MARKETING PACKAGE FOR FURTHER DETAILS. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Alex Frapech

CB Richard Ellis, Inc. License #02026469 Listed on: 06/26/2017

Last Buyer's Agent

Paul Fisher

Compass License #02018310

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,021

Year Built

  • Built in 1941 | Remodeled

Lot Details

  • 4,294 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Lawn
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Public Parking
  • Shared Driveway
  • On-Street Parking

Home Design

  • Bungalow

Interior Spaces

  • 1,684 Sq Ft Home
  • 1-Story Property
  • Double Door Entry
  • Family Room
  • Dining Area

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer Hookup

Outdoor Features

  • Enclosed patio or porch

Location

  • Ground Level Unit
  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window
  • Multi-Tank Gas Water Heater

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • The owner pays for water
  • Assessor Parcel Number 5048-009-041

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,021

Year Built

Built in 1941 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • Living Area: 1684
  • Price Per Unit: 362500.00
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1941
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower and Tub
  • Dining Room: 0
  • Family Room: 1
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Electric Dryer Hookup, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Stackable W/D Hookup, Vented Exhaust Fan
  • Price Per S Q F T: 430.52

Exterior Features

  • Construction: Detached/No Common Walls
  • Other Features: Double Door Entry, Sprinkler System
  • Tennis Court Y/N: No
  • Patio: Enclosed, Patio Open
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Driveway - Concrete, Garage - 2 Car, On street, Public, Shared Driveway
  • Total Parking: 2

Utilities

  • Water Heater: Gas, Multi-Tank, Water Heater Unit
  • Cooling: Wall Unit(s), Wall/Window, Window Unit(s)
  • Heating: Wall Electric
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Value: 21099
  • Assessed Land Value: 17371
  • Assessor Parcel Number: 5048-009-041
  • Geocode Override: No
  • Lot Description: 2-4 Lots, Landscaped, Lawn
  • Lot Location: Corner Lot, Near Public Transit, Park Nearby
  • Lot Size Area: 4294

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 43.15
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 13401
  • Type Of Units: Bungalow
  • Vacancy Rate: 3%

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Chan Alice and Chan Ardan
Bought by
Ardan And Alice Chan Living Trust and Chan
Current Estimated Value
$1,766,304

Purchase Details

Listed on
Aug 8, 2018
Closed on
Aug 29, 2018
Sold by
Yson Erika Maria Suatengco
Bought by
Chan Kenneth Ross and Leon Diana Rae De
Seller's Agent
Paul Fisher
RE/MAX ESTATE PROPERTIES
Buyer's Agent
Paul Fisher
Compass
List Price
$1,198,000
Sold Price
$1,350,000
Premium/Discount to List
$152,000
12.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.69%
Original Mortgage
$330,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 29, 2017
Sold by
Jenkins Louvenia M and Jenkins Revocable I Louvenia M
Bought by
Yson Erika Maria Suatengco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,053
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 4, 2013
Sold by
Jenkins Louvenia
Bought by
Jenkins Louvenia M and Jenkins Revocable I Louvenia M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $1,350,000 Usa National Title
Grant Deed $770,000 Usa National Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $62,000 New Conventional
Previous Owner $750,000 New Conventional
Previous Owner $273,700 No Value Available
Previous Owner $330,000 Credit Line Revolving
Previous Owner $750,000 New Conventional
Previous Owner $756,053 FHA
Previous Owner $250,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2025 03/22/25 Off Market $4,300 -- --
03/06/2025 03/06/25 For Rent $4,300 +8.9% --
09/01/2022 09/01/22 For Rent $3,950 0.0% --
09/21/2018 09/21/18 Sold $1,350,000 +12.7% $802 / Sq Ft
08/24/2018 08/24/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $1,198,000 +55.6% $711 / Sq Ft
12/01/2017 12/01/17 Sold $770,000 +6.2% $457 / Sq Ft
06/26/2017 06/26/17 For Sale $725,000 -- $431 / Sq Ft
Source: The MLS

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 $18,021 $1,505,946 $892,413 $613,533
2024 $18,021 $1,476,418 $874,915 $601,503
2023 $17,673 $1,447,469 $857,760 $589,709
2022 $16,851 $1,419,089 $840,942 $578,147
2021 $16,646 $1,391,264 $824,453 $566,811
2020 $16,819 $1,377,500 $816,000 $561,500
2019 $16,146 $1,350,500 $800,000 $550,500
2018 $9,441 $770,500 $616,000 $154,500
2017 $700 $39,238 $17,718 $21,520
2016 $665 $38,470 $17,371 $21,099
2015 $658 $37,894 $17,111 $20,783
2014 $677 $37,152 $16,776 $20,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-244572

The MLS

APN: 5048-009-041