NOT LISTED FOR SALE
9 Beds
5 Baths
6,316 Sq Ft
7,503 Sq Ft Lot

Sale Details

Date Sold: June 30, 2016

Last sale price $1,175,000 $186 Per Sq Ft

27 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Wall Furnace
  • Spanish Architecture

About This Home

As of June 2016

Gorgeous Spanish Revival 5-PLEX with quality capital improvements located in rapidly emerging Jefferson Park. Current income of $7,380/month - $88,560/year with solid upside in rents and very low maintenance. The site consists of 2 buildings, 5 gated parking spaces, and 5 storage garages. The front building is a huge FOURPLEX composed of 2 bed/1 bath (sep. tub & shower) units that average 1,450 SF. Each unit has the feel of a home and is loaded with charm & character featuring arched doorways, coved ceilings, wall niches, wood floors, Palladian windows, & many oversized windows throughout. The back building is a private and separate SINGLE FAMILY HOME. Each residence has laundry in unit. Capital improvements (2011) include: New roof, new Milgard dual pane windows, new PEX/copper plumbing & sewer line replacement, new concrete driveway and parking lot, foundation work, new kitchen cabinetry & granite counters (3 of 5 units), exterior paint, & more. Easy access to many of the best parts LA has to offer, The Grove, DTLA & West Side, & minutes to the Metro Expo Line.

Last Agent to Sell the Property

Norman Kawaguchi

BHHS California Properties License #01438116 Listed on: 04/15/2016

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,503

Home Design

  • Spanish Architecture
  • Property Attached

Interior Spaces

  • Decorative Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • 7,503 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 5051019013

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $100
  • Insurance Expense $3,200
  • Water Sewer Expense $2,800
  • Net Operating Income $61,716

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

7,503 Sq Ft Lot

Listing Details

  • CapRate: 5.16
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 2800.00
  • Zoning: LARD3
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5051019013
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Wood
  • Fireplace Features: Decorative, Living Room
  • Levels: Two
  • Window Features: Double Pane Windows

Utilities

  • Heating: Yes
  • Heating Type: Fireplace(s), Wall Furnace

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Fuel Expense: 100.00
  • Gross Multiplier: 13.49
  • Gross Scheduled Income: 88560.00
  • Insurance Expense: 3200.00
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 61716.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Actual Rent: 7380.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 1999
Sold by
Bought by

Purchase Details

Closed on
May 19, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Jefferson Park, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,175,000 California Title Company
-- None Available
$562,005 Lawyers Title Company
-- Commonwealth Land Title Co
-- Landsafe Title
-- --
$289,000 --
$135,585 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $650,000
Previous Owner $600,000
Previous Owner $337,000
Previous Owner $518,000
Previous Owner $363,500
Previous Owner $339,000
Previous Owner $304,000
Previous Owner $50,000
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2016 06/30/16 Sold $1,175,000 -1.7% $186 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $1,195,000 -- $189 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,778 $1,390,955 $828,655 $562,300
2024 $17,534 $1,363,682 $812,407 $551,275
2023 $17,213 $1,336,944 $796,478 $540,466
2022 $16,104 $1,310,730 $780,861 $529,869
2021 $15,879 $1,285,030 $765,550 $519,480
2020 $16,034 $1,271,855 $757,701 $514,154
2019 $15,413 $1,246,918 $742,845 $504,073
2018 $15,244 $1,222,470 $728,280 $494,190
2016 $7,777 $608,227 $324,677 $283,550
2015 $7,669 $599,092 $319,801 $279,291
2014 $7,726 $587,358 $313,537 $273,821
Source: Public Records

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316003380

Pasadena-Foothills Association of REALTORS®
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