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

Sale Details

Date Sold: October 2, 2020

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

114 Days on Market

Highlights

  • No HOA
  • Two cooling system units
  • Rectangular Lot
  • Neighborhood Views
  • Turnkey
  • Wood Fence

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 in unit

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

5,393 Sq Ft Lot

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

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
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

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 $20,436 $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)
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