NOT LISTED FOR SALE

2704 S Redondo Blvd Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,022,000 - $1,647,000

8 Beds
4 Baths
3,624 Sq Ft
$377/Sq Ft Est. Value

Last Sold February 05, 2013

Last sale price $578,000 $159 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $7,895/month

4 Days on Market

About This Home

As of February 2013

Do not talk or disturb tenants.Excellent income property with 3 units in front and one at the back.Back unit has a service porch for a washer and dryer. Front units have no laundry area.Rent control area.

Last Agent to Sell the Property

Farida Lee

Home Team Realty License #00922158 Listed on: 10/30/2012

Home Team Realty

Last Buyer's Agent

Alazar Asmamaw

A-Squared Property Inc. License #01844152

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,901

Year Built

  • Built in 1965

Lot Details

  • 5,048 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 3 Car Garage
  • 4 Carport Spaces

Home Design

  • 3,624 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 170
  • Tax Tract Number 1446
  • Assessor Parcel Number 5049025014

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $4,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,901

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5049025014
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 159.49

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5048.00
  • Lot Size Acres: 0.1160

Multi Family

  • Gross Income: 4145.00
  • Lot Size Area: 5048.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 170
  • Tax Tract Number: 1446
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2012
Closed on
Jan 31, 2013
Sold by
Masciopinto Mary Susan Murray
Bought by
Masciopinto Fabio
Seller's Agent
Farida Lee
Home Team Realty
Buyer's Agent
Alazar Asmamaw
A-Squared Property Inc.
List Price
$525,000
Sold Price
$578,000
Premium/Discount to List
$53,000
10.1%
Current Estimated Value
$1,366,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$788,671
Avg. Annual Appreciation
6.99%

Purchase Details

Closed on
Nov 14, 2012
Sold by
Phillips Sybil E and The Phillips Family Trust
Bought by
Masciopinto Fabio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$433,500
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2008
Sold by
Phillips Sybil E
Bought by
Phillips Babe and Phillips Sybil E

Purchase Details

Closed on
Apr 1, 2008
Sold by
Phillips Babe and Phillips Sybil E
Bought by
Phillips Sybil E

Purchase Details

Closed on
Nov 16, 2004
Sold by
Phillips Babe and Phillips Sybil E
Bought by
Phillips Babe and Phillips Sybil E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,300
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 1994
Sold by
Phillips Babe and Phillips Sybil E
Bought by
Phillips Babe and Phillips Sybil E
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
Masciopinto Fabio -- None Available
Masciopinto Fabio $578,000 Orange Coast Title Company O
Phillips Babe -- None Available
Phillips Sybil E -- None Available
Phillips Babe -- First American Title Insuran
Phillips Babe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Masciopinto Fabio $433,500
Previous Owner Phillips Babe $176,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2013 02/05/13 Sold $578,000 +10.1% $159 / Sq Ft
11/03/2012 11/03/12 Pending -- -- --
10/30/2012 10/30/12 For Sale $525,000 -- $145 / 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 $8,901 $711,755 $492,568 $219,187
2024 $8,901 $697,800 $482,910 $214,890
2023 $8,739 $684,119 $473,442 $210,677
2022 $8,348 $670,706 $464,159 $206,547
2021 $8,228 $657,556 $455,058 $202,498
2020 $8,306 $650,814 $450,392 $200,422
2019 $7,989 $638,054 $441,561 $196,493
2018 $7,868 $625,544 $432,903 $192,641
2016 $7,499 $601,255 $416,094 $185,161
2015 $7,392 $592,224 $409,844 $182,380
2014 $7,433 $580,624 $401,816 $178,808
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2013

    Farida Lee

    Home Team Realty

    (310) 326-3822

    1 Total Sale

    Farida Lee
    Section Image

  • A

    Buyer's Agent in 2013

    Alazar Asmamaw

    A-Squared Property Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB12134601

California Regional Multiple Listing Service (CRMLS)

APN: 5049-025-014

California Los Angeles County Los Angeles 90016 West Adams

2704 S Redondo Blvd, Los Angeles, CA

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