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

Sale Details

Date 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

  • 13,758 Sq Ft 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

0.32 Acres

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 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

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 $20,109 $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

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Map

Source: The MLS

MLS Number: 16-103204

The MLS
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