NOT LISTED FOR SALE
1 Bed
1 Bath
3,100 Sq Ft
5,393 Sq Ft Lot

Last Sold October 02, 2020

Last sale price $1,400,000 $452 Per Sq Ft

114 Days on Market

Highlights

  • No HOA
  • Two cooling system units
  • Turnkey
  • Neighborhood Views
  • Laundry Room
  • Rectangular Lot

About This Home

As of October 2020

Sensational, fully rehabbed, turnkey, 6 unit, “value add”, apartment building, located just several blocks from the 91fwy. With great curb appeal, historically low vacancy rates, and a 4.65% Cap with room to move!
The asset is comprised of 6 highly desirable units (1 bed/1 bath). All 6 units have recently been extensively upgraded to “like new” condition. Kitchen upgrades consist of: Quarts counters, stainless steel appliances, newer cabinetry, hardware and fixtures throughout. Bathroom upgrades consist of modern quartz counters, tile flooring and wainscot. Flooring consists of a higher end laminate located throughout the entry, kitchen, dining area, living room, hallway and bedroom of each and every unit.
For heating and cooling all new mini-split systems have been added. The building has onsite laundry, and six parking spaces located behind a secured remote controlled gate... this investment has it all!

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 04/03/2020

Last Buyer's Agent

Byron Field

Keller Williams Larchmont License #01934775

Keller Williams Larchmont

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,393 Sq Ft Lot
  • Lot Dimensions are 46 x 116
  • No Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Two cooling system units
  • Combination Of Heating Systems
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / C
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120006006

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $32,073
  • Gross Income $102,000
  • Net Operating Income $68,475

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • CapRate: 4.57
  • Property Attached: No
  • Subdivision Name Other: Cherry Manor (CM)
  • View: Yes
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7120006006
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 451.61

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop
  • Heating Type: Combination
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size: 46 x 116
  • Lot Size Sq Ft: 5393.00
  • Lot Size Acres: 0.1238

Multi Family

  • Average1 Bed Area: 517 Square Feet
  • Gross Income: 102000.00
  • Gross Multiplier: 14.60
  • Gross Operating Income: 100548.00
  • Gross Scheduled Income: 102600.00
  • Lot Size Area: 5393.0000 Square Feet
  • Net Operating Income: 68475.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 32073.00
  • Rent Control: Yes
  • Total Expenses: 32073.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5702.04
  • Tax Lot: 6
  • Tax Tract Number: 6807
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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
10/02/2020 10/02/20 Sold $1,400,000 -6.7% $452 / Sq Ft
07/26/2020 07/26/20 Pending -- -- --
04/03/2020 04/03/20 For Sale $1,500,000 +20.0% $484 / Sq Ft
06/19/2017 06/19/17 Sold $1,250,000 -2.0% $403 / Sq Ft View Prior Sale
05/19/2017 05/19/17 Pending -- -- --
04/20/2017 04/20/17 For Sale $1,275,000 +85.9% $411 / Sq Ft
12/02/2016 12/02/16 Sold $686,000 +1.6% $221 / Sq Ft View Prior Sale
09/21/2016 09/21/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $675,000 -- $218 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,552 $1,515,404 $432,972 $1,082,432
2024 $19,552 $1,485,691 $424,483 $1,061,208
2023 $19,218 $1,456,560 $416,160 $1,040,400
2022 $18,039 $1,428,000 $408,000 $1,020,000
2021 $17,677 $1,400,000 $400,000 $1,000,000
2020 $15,961 $1,246,789 $312,120 $934,669
2019 $15,773 $1,222,350 $306,000 $916,350
2018 $15,337 $1,198,390 $300,000 $898,390
2016 $3,652 $246,147 $94,410 $151,737
2015 $3,522 $242,450 $92,992 $149,458
2014 $3,532 $237,702 $91,171 $146,531
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20067929

California Regional Multiple Listing Service (CRMLS)