NOT LISTED FOR SALE

2747 S Redondo Blvd Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,455,000 - $1,645,000

6 Beds
4 Baths
3,068 Sq Ft
$508/Sq Ft Est. Value

Last Sold October 28, 2019

Last sale price $915,000 $298 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $9,131/month

About This Home

As of October 2019

Terrific opportunity for investors. Great rental income property. Mediterranean 4 Plex in popular area. Two units with 1BR/1BA and two units with 2BR/1BA. Located in Crenshaw/Adams district near Culver City district. Minutes from Downtown L.A. Easy access to 10 FWY, near new Metro Expo Line. Copper plumbing, new windows, all new electrical wiring, new sub panel in each unit, new iron staircase, separate meters for gas and electric, central heating. New fruit trees, fig and pomegranate trees. Open to all financing. See adjacent 4 Plex (MLS# SR19106033)

Last Agent to Sell the Property

Richard Famiglietti

Global Realty & Investment Co. License #00520690 Listed on: 05/07/2019

Last Buyer's Agent

Richard Famiglietti

Global Realty & Investment Co. License #00520690 Listed on: 05/07/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,599

Year Built

  • Built in 1947

Lot Details

  • 4,800 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,068 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 153
  • Tax Tract Number 1446
  • Assessor Parcel Number 5043014027

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,656
  • Trash Expense $1,284
  • Water Sewer Expense $4,200
  • New Taxes Expense $4,428
  • Operating Expense $11,568
  • Gross Income $56,988
  • Net Operating Income $25,356

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,599

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5043014027
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 298.24

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1284.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4800.00
  • Lot Size Acres: 0.1102

Multi Family

  • Gross Income: 56988.00
  • Gross Scheduled Income: 56988.00
  • Insurance Expense: 1656.00
  • Lot Size Area: 4800.0000 Square Feet
  • Net Operating Income: 25356.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 25356.00
  • Rent Control: Yes
  • Total Expenses: 11568.00

Tax Info

  • New Taxes Expense: 4428.00
  • Tax Census Tract: 2199.01
  • Tax Lot: 153
  • Tax Tract Number: 1446

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2023
Sold by
Alemayehu Mesfin and Alemayehu Emebet
Bought by
Ezma2 Llc
Current Estimated Value
$1,559,667

Purchase Details

Listed on
May 7, 2019
Closed on
Sep 11, 2019
Sold by
Benitez Ruben and Terry Tracy L
Bought by
Taye Mesfin Alemayehu and Zewdie Emebet
Seller's Agent
Richard Famiglietti
Global Realty & Investment Co.
Buyer's Agent
Richard Famiglietti
Global Realty & Investment Co.
List Price
$995,000
Sold Price
$915,000
Premium/Discount to List
-$80,000
-8.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%
Original Mortgage
$686,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2013
Sold by
Hossienpour Ali
Bought by
Terry Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2011
Sold by
Benitez Ruben and Terry Tracy L
Bought by
2747 South Redondo Blvd Llc

Purchase Details

Closed on
Dec 1, 2009
Sold by
Odom Wilmont Argen and Odom Tiffany
Bought by
Benitez Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.68%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ezma2 Llc -- --
Taye Mesfin Alemayehu $915,000 Wfg National Title Company
Terry Tracy L -- Orange Coast Title Company
Benitez Ruben -- Orange Coast Title Company
2747 South Redondo Blvd Llc -- None Available
Terry Tracy L -- None Available
Benitez Ruben $300,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taye Mesfin Alemayehu $686,250
Previous Owner Benitez Ruben $210,000
Previous Owner Benitez Ruben $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2019 10/28/19 Sold $915,000 -8.0% $298 / Sq Ft
09/10/2019 09/10/19 Pending -- -- --
05/07/2019 05/07/19 For Sale $995,000 -- $324 / 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 $11,599 $1,000,681 $754,613 $246,068
2024 $11,599 $928,200 $612,000 $316,200
2023 $12,003 $961,825 $725,311 $236,514
2022 $11,455 $942,967 $711,090 $231,877
2021 $11,303 $924,479 $697,148 $227,331
2019 $4,665 $360,198 $230,563 $129,635
2018 $4,586 $353,137 $226,043 $127,094
2016 $4,362 $339,425 $217,266 $122,159
2015 $4,302 $334,328 $214,003 $120,325
2014 $4,343 $327,779 $209,811 $117,968
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Richard Famiglietti

    Global Realty & Investment Co.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19106081

California Regional Multiple Listing Service (CRMLS)

APN: 5043-014-027

California Los Angeles County Los Angeles 90016 West Adams

2747 S Redondo Blvd, Los Angeles, CA

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