NOT LISTED FOR SALE

Estimated Value: $1,299,000 - $1,858,000

8 Beds
8 Baths
3,696 Sq Ft
$422/Sq Ft Est. Value

Last Sold October 31, 2021

Last sale price $1,465,000 $396 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,327/month

14 Days on Market

About This Home

As of October 2021

Great West Adams Neighborhood - close to Culver City. Lot's of improvement and development in this area. These units are 4 duplexes in a Spanish Courtyard-Style setting. All are 1 bedroom 1 bath with good paying and long term tenants. Lot's of upscale on the rents. Lowest priced multi-unit property in this zip code of 90016. This can be considered a future development project. Great for your novice income property investor or your 1031 Exchange buyer. The seller will perform a 1031 exchange at no cost to the buyer. All offers are subject to inspection. Please be respectful and DO NOT disturb the tenants. NO sign on property. Email me your offer or your questions. ALL parties must follow CDC Covid-19 Guidelines as applicable.

Last Listed By

Roberto Perez

Superior Service License #01232098 Listed on: 09/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,286

Year Built

  • Built in 1925

Lot Details

  • 7,208 Sq Ft Lot

Home Design

  • Bungalow
  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 3,696 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5043-004-028

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,286

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 3696
  • Lot Acreage: 0.1655
  • Probate: No
  • Stories: 1
  • Year Built: 1925
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 399.08

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Structures: 0

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 45.78
  • Assessed Improvement Value: 251612
  • Assessed Land Percent: 54.22
  • Assessed Land Value: 297963
  • Total Assessed Value: 549575
  • Assessor Parcel Number: 5043-004-028
  • Lot Size Area: 7208

Rental Info

  • Total Actual Rent: 102408.00
  • Owner Pays: Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 13.91
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 39345
  • Type Of Units: 4 duplexes
  • Vacancy Rate: 0

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Oct 18, 2021
Sold by
Briseno Francisco and Deramirez Maria De
Bought by
Campus Point Holdings Llc
Seller's Agent
Roberto Perez
Superior Service
Buyer's Agent
Alan Friedman
Miller & Desatnik Realty Co.
List Price
$1,475,000
Sold Price
$1,465,000
Premium/Discount to List
-$10,000
-0.68%
Total Days on Market
14
Current Estimated Value
$1,558,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,000
Avg. Annual Appreciation
2.10%
Original Mortgage
$1,500,250
Outstanding Balance
$1,394,529
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$183,471

Purchase Details

Closed on
Jul 25, 2019
Sold by
Briseno Francisco
Bought by
Briseno Francisco and Ramirez Maria De Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2003
Sold by
Barrios Hernando
Bought by
Barrios Julie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.61%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2003
Sold by
Guzman Dionisio R and Guzman Irene M
Bought by
Briseno Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 1996
Sold by
Gayl Margaert and Gayl Robert C
Bought by
Guzman Dionisio R and Guzman Irene M

Purchase Details

Closed on
Apr 19, 1996
Sold by
Gayl Jacob
Bought by
Gayl Margaret

Purchase Details

Closed on
Feb 23, 1996
Sold by
Gayl Margaret
Bought by
Gayl Margaret and Gayl Family 1987 Trust

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
Campus Point Holdings Llc $1,465,000 Lawyers Title Company
Briseno Francisco -- Stewart Title
Barrios Julie Ann -- Fidelity Natl Title Ins Co
Briseno Francisco $415,000 Fidelity Natl Title Ins Co
Guzman Dionisio R -- Fidelity National Title
Guzman Dionisio R $148,000 Southland Title
Gayl Margaret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campus Point Holdings Llc $1,025,000
Open Campus Point Holdings Llc $1,500,250
Previous Owner Briseno Francisco $465,000
Previous Owner Briseno Francisco $360,000
Previous Owner Briseno Francisco $260,000
Previous Owner Briseno Francisco $564,000
Previous Owner Briseno Francisco $276,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2021 10/31/21 Sold $1,465,000 -0.7% $396 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $1,475,000 -- $399 / 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 $19,286 $1,524,186 $1,212,066 $312,120
2023 $18,927 $1,494,300 $1,188,300 $306,000
2022 $18,076 $1,465,000 $1,165,000 $300,000
2021 $7,496 $555,267 $301,049 $254,218
2019 $7,294 $539,300 $292,121 $247,179
2018 $7,178 $528,737 $286,394 $242,343
2016 $6,810 $507,726 $275,274 $232,452
2015 $6,720 $500,101 $271,140 $228,961
2014 $6,767 $490,305 $265,829 $224,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-784518

The MLS

APN: 5043-004-028