$680,000
SOLD MAR 24, 2025
3 Beds
2 Baths
1,136 Sq Ft
4,791 Sq Ft Lot

Recently Sold

$599 Per Sq Ft

22% Below List Price

47 Days on Market

Highlights

  • Laundry Room
  • Back Yard
  • 1-Story Property

About This Home

As of March 2025

PRIME INVESTMENT OPPORTUNITY IN LA BREA-ADAMS AREA

Attention Investors and Developers!

This rare gem in the coveted La Brea-Adams area is packed with potential. Sitting on a 4,791 sq. ft. LARD 1.5 zoned lot, this duplex offers 1,136 sq. ft. of living space, featuring:

Unit 1: 2 beds, 1 bath
Unit 2: 1 bed, 1 bath
Location, Location, Location!
Perfectly situated just a short drive from Santa Monica Beach, the thriving heart of Culver City, and all the cultural, dining, and shopping amenities the west side has to offer.
What’s more? This property comes with approved plans from Building and Safety to:

Rehab the existing units, transforming them into modern, desirable living spaces
Build a brand-new 1,041 sq. ft., 3-bed, 2-bath ADU, adding significant value and income potential
Whether you’re looking to flip, rent, or expand your portfolio, this property is your chance to capitalize on an incredible opportunity in a high-demand neighborhood.

Don’t wait! Call now to schedule your private tour and turn this vision into reality.

Invest where lifestyle meets opportunity!

Last Agent to Sell the Property

Luis Alvarez

DREAM LIFE REALTY Brokerage Phone: 323-855-9346 License #01210144 Listed on: 01/02/2025

Last Buyer's Agent

GABRIELA Pena

DREAM LIFE REALTY License #01933007

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,260

Year Built

  • Built in 1927

Lot Details

  • 4,791 Sq Ft Lot
  • 1 Common Wall
  • Back Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,136 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 1446
  • Assessor Parcel Number 5043013012
  • $271 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,260

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Price Per Unit: 437500
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5043013012
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 598.59

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard
  • Lot Size Sq Ft: 4791.00
  • Lot Size Acres: 0.1100

Multi Family

  • Lot Size Area: 4791.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2199.01
  • Tax Lot: 43
  • Tax Tract Number: 1446
  • TaxOtherAnnualAssessmentAmount: 271.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2025
Closed on
Apr 29, 2025
Sold by
Bablot Steve R and Bablot Susan V
Bought by
Bablot Oc Llc
Seller's Agent
Luis Alvarez
DREAM LIFE REALTY
Buyer's Agent
GABRIELA Pena
DREAM LIFE REALTY
List Price
$875,000
Sold Price
$680,000
Premium/Discount to List
-$195,000
-22.29%
Views
23
Current Estimated Value
$783,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,775
Avg. Annual Appreciation
30.41%

Purchase Details

Listed on
Jan 2, 2025
Closed on
Feb 13, 2025
Sold by
Barrymore Crispin
Bought by
Bablot Steve R and Bablot Susan V
Seller's Agent
Luis Alvarez
DREAM LIFE REALTY
Buyer's Agent
GABRIELA Pena
DREAM LIFE REALTY
List Price
$875,000
Sold Price
$680,000
Premium/Discount to List
-$195,000
-22.29%
Views
23

Purchase Details

Closed on
Apr 1, 2024
Sold by
Lee David
Bought by
Barrymore Crispin

Purchase Details

Closed on
May 24, 2023
Sold by
Paz Juan Jose
Bought by
Barrymore Crispin and Lee David

Purchase Details

Closed on
Apr 27, 2007
Sold by
Paz Juan Jose
Bought by
Paz Juan Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2003
Sold by
Paz Juan Jose
Bought by
Paz Juan Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,650
Interest Rate
5.6%

Purchase Details

Closed on
Feb 15, 2001
Sold by
Romero Roger and Romero Ketty
Bought by
Paz Juan Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
7.12%
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 $680,000 Old Republic Title
Quit Claim Deed -- Old Republic Title
Grant Deed $500,000 Old Republic Title Company
Interfamily Deed Transfer -- Ticor Title Company Of Ca
Interfamily Deed Transfer -- Orange Coast Title
Grant Deed $170,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 Balloon
Previous Owner $100,000 Credit Line Revolving
Previous Owner $229,500 New Conventional
Previous Owner $170,650 No Value Available
Previous Owner $161,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2025 03/24/25 Sold $680,000 -22.3% $599 / Sq Ft
03/15/2025 03/15/25 For Sale $875,000 0.0% $770 / Sq Ft
02/18/2025 02/18/25 Pending -- -- --
01/02/2025 01/02/25 For Sale $875,000 -- $770 / 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 $12,260 $1,014,594 $610,827 $403,767
2024 $12,260 $999,600 $601,800 $397,800
2023 $3,140 $246,197 $159,307 $86,890
2022 $3,003 $241,371 $156,184 $85,187
2021 $2,958 $236,639 $153,122 $83,517
2019 $2,872 $229,622 $148,581 $81,041
2018 $2,797 $225,120 $145,668 $79,452
2016 $2,667 $216,380 $140,012 $76,368
2015 $2,628 $213,130 $137,909 $75,221
2014 $2,650 $208,956 $135,208 $73,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24255736

California Regional Multiple Listing Service (CRMLS)

APN: 5043-013-012