NOT LISTED FOR SALE

Estimated Value: $907,000 - $1,176,398

2 Beds
2 Baths
1,710 Sq Ft
$612/Sq Ft Est. Value

Last Sold June 28, 2016

Last sale price $621,000 $363 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,604/month

42 Days on Market

Highlights

  • Auto Driveway Gate
  • Floor Furnace
  • 1-Story Property

About This Home

As of June 2016

Beautifully restored 1928 Spanish duplex in up & coming West Adams. Combining old world charm w/ modernized living, these side by side units are 1 bd & 1 ba each. Both units were completely remodeled by owner as his personal LA space and have refinished dark walnut hardwood floors, spacious open loft style floor plans, & remodeled kitchens w/stainless steel appliances, modern cabinetry/counter-tops & integrated center islands. Private, lush & professionally landscaped yard w/drought tolerant plants & details for minimal maintenance & water. Each unit comes w/a 1 car garage + share a garage for storage + park 2 cars inside the gated drive. Easy access to Culver City & Downtown & for the Eco-conscious save some gas by using the new Expo Line nearby. A clean upgraded option for investors w/a better than par CAP rate, or a superb alternative to condo living for a owner user. West Adams was just voted Curbed LA Neighborhood of the Year! One unit possibly delivered vacant!!! Call for info.

Last Agent to Sell the Property

Eric Yetter

PLG Estates License #01431808 Listed on: 03/16/2016

Last Buyer's Agent

Paul Barbosa

Century 21 Hollywood License #01435896

Century 21 Hollywood

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,938

Year Built

  • Built in 1928

Lot Details

  • 4,807

Home Design

  • Duplex

Interior Spaces

  • 1,710 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Parking Spaces
  • 3 Covered Spaces
  • Auto Driveway Gate

Additional Features

  • 4,807 Sq Ft Lot
  • Floor Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5049-020-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,938

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1710
  • Stories: 1
  • Year Built: 1928
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 359.65

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Driveway Gate, Garage - 3 Car, Gated
  • Total Parking: 5

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Value: 172808
  • Assessed Land Value: 347939
  • Assessor Parcel Number: 5049-020-008
  • Geocode Override: No
  • Lot Size Area: 4807

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.07
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 12069.5
  • Type Of Units: duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2016
Closed on
May 2, 2016
Sold by
Jackson Glen
Bought by
Ceccotti Christopher J and Shah Maya R
Seller's Agent
Eric Yetter
PLG Estates
Buyer's Agent
Paul Barbosa
Century 21 Hollywood
List Price
$615,000
Sold Price
$621,000
Premium/Discount to List
$6,000
0.98%
Total Days on Market
42
Current Estimated Value
$1,046,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,850
Avg. Annual Appreciation
5.74%
Original Mortgage
$480,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2005
Sold by
Hill Davis M
Bought by
Jackson Glen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,850
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 30, 2001
Sold by
Viernes Jose S
Bought by
Hill Davis M and Hill Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.98%

Purchase Details

Closed on
Jan 17, 2000
Sold by
Viernes Jose S
Bought by
Viernes Dolores
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 Buyer Sale Price Title Company
Ceccotti Christopher J $621,000 Fatcola
Jackson Glen $449,000 Fidelity National Title
Hill Davis M $150,000 Provident Title
Viernes Dolores -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ceccotti Christopher J $480,000
Previous Owner Jackson Glen $95,625
Previous Owner Jackson Glen $45,850
Previous Owner Jackson Glen $359,200
Previous Owner Hill Davis M $225,000
Previous Owner Hill Davis M $121,000
Previous Owner Hill Davis M $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2016 06/28/16 Sold $621,000 +1.0% $363 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $615,000 -- $360 / 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
2024 $8,938 $720,717 $504,852 $215,865
2023 $8,770 $706,586 $494,953 $211,633
2022 $8,368 $692,733 $485,249 $207,484
2021 $8,259 $679,151 $475,735 $203,416
2019 $8,014 $659,009 $461,625 $197,384
2018 $7,949 $646,088 $452,574 $193,514
2016 $6,497 $528,688 $353,245 $175,443
2015 $6,403 $520,747 $347,939 $172,808
2014 $5,088 $400,000 $329,400 $70,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-102724

The MLS

APN: 5049-020-008