NOT LISTED FOR SALE
11 Beds
8 Baths
5,980 Sq Ft
0.32 Acres

Last Sold June 24, 2016

Last sale price $1,400,000 $234 Per Sq Ft

57 Days on Market

Highlights

  • Gourmet Kitchen
  • 13,758 Sq Ft lot
  • Granite Countertops
  • Gated Parking
  • Traditional Architecture
  • Built-In Features

About This Home

As of June 2016

Large and Bright Newly Remodeled 6 Unit Income Property on a Large Double lot with a Beautiful Courtyard & Driveway! Great Investment with a high Income and a cap Rate of 7.46%! Priced to Sell! 5 Separate Buildings which include a Large Gorgeous 1411-sqft. 3-Bed/ 2-Bath with Master Suite! Large 2-Bed/ 2-Bath. Two Large 2-Bed/ 1-Bath. Two more large 1-Bed/ 1-Bath--one of the units is currently vacant and could rent for $1,350/mo! All Kitchens with Granite Countertops, Gorgeous Remodeled Bathrooms, Custom Tile, Maple Cabinets, Large Living Room, and Separate Dining Room. Hardwood Floors in Living & Dining. New Carpet in Bedrooms. New Paint, New Windows, New Landscaping, Huge 13,758-Sqft Double Lot A MUST SEE! Close to freeways, USC, Downtown, Staples Center, and transportation. Perfect for a family, investment, or owner user. Please see private remarks for showing and offer information.

Last Agent to Sell the Property

Abtin Fatehchehr

Sotheby's International Realty License #01727504 Listed on: 03/14/2016

Sotheby's International Realty

Last Buyer's Agent

Nicole LaBeaud

Solstice International Realty License #01703847

Solstice International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 0.32 Acre Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 5,980 Sq Ft Home
  • Built-In Features
  • Laundry in unit

Kitchen

  • Gourmet Kitchen
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Car Garage
  • 8 Carport Spaces
  • Driveway
  • Gated Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 5 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, hot water
  • The owner pays for gardener, water
  • Assessor Parcel Number 5052-011-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Advertising Remarks: Large and Bright Newly Remodeled 6 Unit Income Property on a Large Double lot with a Beautiful Courtyard & Driveway! Great Investment with a high Income and a cap Rate of 7.46%! Priced to Sell! 5 Separate Buildings which include a Large Gorgeous 1411-sqft. 3-Bed/ 2-Bath with Master Suite! Large 2-Bed/ 2-Bath. Two Large 2-Bed/ 1-Bath. Two more large 1-Bed/ 1-Bath as well! All Kitchens with Granite Countertops, Gorgeous Remodeled Bathrooms, Custom Tile, Maple Cabinets, Large Living Room, and Separate Dining Room. Hardwood Floors in Living & Dining. New Carpet in Bedrooms. New Paint, New Windows, New Landscaping, Huge 13,758-Sqft Double Lot A MUST SEE! Close to freeways, USC, Downtown, Staples Center, and transportation. Perfect for a family, investment, or owner user.
  • Living Area: 5980
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 11
  • Kitchen Features: Counter Top, Gourmet Kitchen, Granite Counters, Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 8.00
  • Equipment: Built-Ins, Garbage Disposal
  • Price Per S Q F T: 229.93

Exterior Features

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

Garage/Parking

  • Carport Spaces: 8
  • Parking Garage: Carport, Driveway - Combination, Garage - 4+ Car, Gated
  • Total Parking: 8

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Sewer: In Street
  • Water: Meter on Property
  • Water Expense: 780.00

Fee Information

  • Insurance Expense: 2501.00
  • Maintenance Expense: 1500.00

Lot Info

  • Assessed Improvement Value: 230536
  • Assessed Land Value: 563535
  • Assessor Parcel Number: 5052-011-027
  • Geocode Override: No
  • Lot Size Area: 13758

Rental Info

  • Land Lease Type: Fee
  • Monthly Gross Income: 9935.00
  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas, Trash Collection, Hot Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 11.55
  • Number Of Units: 6
  • Rent Control: 100
  • Type Of Units: Detached

Tax Info

  • Tax Expense: 9886.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2016 06/24/16 Sold $1,400,000 +1.8% $234 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $1,375,000 +77.4% $230 / Sq Ft
05/16/2013 05/16/13 Sold $775,000 0.0% $130 / Sq Ft View Prior Sale
04/21/2013 04/21/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $775,000 -- $130 / Sq Ft
Source: The MLS

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 $19,862 $1,570,198 $1,099,140 $471,058
2024 $19,862 $1,539,411 $1,077,589 $461,822
2023 $19,499 $1,509,227 $1,056,460 $452,767
2022 $18,637 $1,479,636 $1,035,746 $443,890
2021 $18,391 $1,450,625 $1,015,438 $435,187
2020 $18,579 $1,435,751 $1,005,026 $430,725
2019 $17,877 $1,407,600 $985,320 $422,280
2018 $10,993 $826,200 $499,800 $326,400
2016 $10,584 $806,179 $572,128 $234,051
2015 $10,441 $794,071 $563,535 $230,536
2014 $10,513 $778,518 $552,497 $226,021
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 16-103204

The MLS