$585,000
SOLD FEB 26, 2015
6 Beds
4 Baths
2,600 Sq Ft
4,810 Sq Ft Lot

Recently Sold

$225 Per Sq Ft

1% Above List Price

37 Days on Market

About This Home

As of February 2015

Don't miss your chance to own a piece of the quickly changing Mid City neighborhood! This 4 unit building is conveniently located next to a school and less than 0.6 miles from the La Brea / Exposition train stop. Perfect for an owner occupied working family or someone looking for income property that is easily rentable. The main structure consists of two 1bd/1bth units on the bottom floor and one 3bd/1bth unit on the top floor. The 3 bedroom unit can be delivered vacant if desired. There is also a third 1bd/1bth unit above the garage. All 1bedroom units have long term tenants and property comes with plenty of parking and storage. With a small investment to modernize the interior, this property could easily fetch 5k/month in rental income. Claim your piece of Mid City now. AGENTS--Please see private remarks.

Last Agent to Sell the Property

Thomas Lind

Nationwide Real Estate Execs License #01942936 Listed on: 11/17/2014

Last Buyer's Agent

Thomas Lind

Nationwide Real Estate Execs License #01942936 Listed on: 11/17/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,879

Year Built

  • Built in 1932

Lot Details

  • 4,810 Sq Ft Lot

Home Design

  • 2,600 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5049-017-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,879

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 2600
  • Year Built: 1932
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 223.08

Exterior Features

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

Garage/Parking

  • Carport Spaces: 4
  • Parking Garage: Carport
  • Total Parking: 4

Utilities

  • Number Electric Meters: 4
  • Number Gas Meters: 4

Fee Information

  • Insurance Expense: 1830.00

Lot Info

  • Assessed Improvement Value: 147680
  • Assessed Land Value: 177219
  • Assessor Parcel Number: 5049-017-026
  • Geocode Override: No
  • Lot Size Area: 4810

Rental Info

  • Number Leased: 4

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 8000
  • Type Of Units: Fourplex
  • Vacancy Rate: 25%

Tax Info

  • Tax Expense: 4222.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2018
Sold by
Chavez Family Trust
Bought by
West Adams 90016 Llc

Purchase Details

Listed on
Nov 17, 2014
Closed on
Jan 8, 2015
Sold by
Villalta Frank and Villalta Ana Maria
Bought by
Chavez Family Trust
Seller's Agent
Thomas Lind
Nationwide Real Estate Execs
Buyer's Agent
Thomas Lind
Nationwide Real Estate Execs
List Price
$580,000
Sold Price
$585,000
Premium/Discount to List
$5,000
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$409,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2002
Sold by
Villalta Luis Francisco and Villalta Ana Maria
Bought by
Villalta Frank and Villalta Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.69%

Purchase Details

Closed on
Jan 21, 1999
Sold by
Villalta Luis F and Villalta Ana M
Bought by
Villalta Luis Francisco and Villalta Ana Maria
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
Quit Claim Deed -- None Available
Grant Deed $585,000 Stewart Title
Interfamily Deed Transfer -- First Southwestern Title Co
Interfamily Deed Transfer -- First Southwestern Title Co
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $409,500 New Conventional
Previous Owner $412,500 New Conventional
Previous Owner $278,300 New Conventional
Previous Owner $175,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $1,300,000 +8.3% $500 / Sq Ft
03/31/2025 03/31/25 Price Changed $1,200,000 -7.7% $462 / Sq Ft
02/20/2025 02/20/25 For Sale $1,300,000 0.0% $500 / Sq Ft
02/18/2025 02/18/25 For Sale $1,300,000 +122.2% $500 / Sq Ft
02/26/2015 02/26/15 Sold $585,000 +0.9% $225 / Sq Ft
12/24/2014 12/24/14 Pending -- -- --
11/17/2014 11/17/14 For Sale $580,000 -- $223 / 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 $8,879 $703,387 $483,092 $220,295
2023 $8,715 $689,596 $473,620 $215,976
2022 $8,312 $676,076 $464,334 $211,742
2021 $8,199 $906,898 $634,829 $272,069
2020 $8,279 $656,026 $450,563 $205,463
2019 $7,959 $643,164 $441,729 $201,435
2018 $7,867 $630,554 $433,068 $197,486
2016 $8,095 $606,070 $416,252 $189,818
2015 $4,237 $331,389 $180,759 $150,630
2014 $4,278 $324,899 $177,219 $147,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-810305

The MLS

APN: 5049-017-026