NOT LISTED FOR SALE

Estimated Value: $945,002 - $1,131,000

4 Beds
4 Baths
2,540 Sq Ft
$410/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $970,000 $382 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,882/month

53 Days on Market

Highlights

  • Spanish Architecture
  • Laundry Room
  • 5-minute walk to Gladys Jean Wesson Park

About This Home

As of April 2024

Explore the potential of this charming Spanish-style income property in West Adams, offering a Duplex with a bonus unit. Unit (1) features 2 bedrooms and in-unit laundry, while Unit (2) offers 1 bedroom and its own laundry. An additional upstairs 1 bedroom bonus unit, added in 2008, adds versatility. This property not only offers the prospect of optimizing current rents but also boasts significant development potential under the LARD1.5 zoning, possibly allowing for additional units (subject to city verification). Furthermore, the two-car garage, accessed via a long driveway, presents an opportunity for conversion to ADUs (Accessory Dwelling Units), offering additional income streams and investment flexibility. This property offers convenient access to Culver City, DTLA, and the 10 freeway for exploring surrounding areas. Don't miss this opportunity for investment and growth in a prime West Adams location. Please do not disturb tenants.

Last Agent to Sell the Property

Jamial Clark

Renaissance Realty Group License #01292443 Listed on: 01/17/2024

Last Buyer's Agent

Nesim Hason

Blue Flamingo Realty License #02015431

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,924

Year Built

  • Built in 1924

Lot Details

  • 6,553

Home Design

  • 2,540 Sq Ft Home
  • Duplex
  • Spanish Architecture
  • Split Level Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • 6,553 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 5050-013-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,924

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2540
  • Lot Acreage: 0.1504
  • Probate: No
  • Year Built: 1924
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 433.07

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 28.21
  • Assessed Improvement Value: 81157
  • Assessed Land Percent: 71.79
  • Assessed Land Value: 206491
  • Total Assessed Value: 287648
  • Assessor Parcel Number: 5050-013-018
  • Lot Size Area: 6553

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2024
Sold by
Lavian Simond
Bought by
Buckingham Road 2 Llc
Current Estimated Value
$1,014,689

Purchase Details

Listed on
Jan 17, 2024
Closed on
Mar 22, 2024
Sold by
Farzam Jennifer
Bought by
Lavian Simond
Seller's Agent
Jamial Clark
Renaissance Realty Group
Buyer's Agent
Nesim Hason
Blue Flamingo Realty
List Price
$1,100,000
Sold Price
$970,000
Premium/Discount to List
-$130,000
-11.82%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Original Mortgage
$727,500
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2024
Closed on
Mar 6, 2024
Sold by
Ronald And Valerie Lee Family Trust and Lee Ronald
Bought by
Lavian Simond
Seller's Agent
Jamial Clark
Renaissance Realty Group
Buyer's Agent
Nesim Hason
Blue Flamingo Realty
List Price
$1,100,000
Sold Price
$970,000
Premium/Discount to List
-$130,000
-11.82%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$727,500
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2012
Sold by
Lee Ronald and Lee Valerie
Bought by
Lee Ronald and Lee Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,500
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2006
Sold by
Lee Ronald and Lee Valerie
Bought by
Lee Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1995
Sold by
Lee Ronald and Lee Valerie
Bought by
Lee Ronald
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Buckingham Road 2 Llc -- --
Lavian Simond -- California Best Title Company
Lavian Simond $970,000 California Best Title Company
Lavian Simond $970,000 California Best Title Company
Lee Ronald -- Advantage Title
Lee Ronald -- Accommodation
Lee Ronald -- Commerce Title Insurance Co
Lee Ronald -- --
Lee Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lavian Simond $727,500
Previous Owner Lavian Simond $727,500
Previous Owner Lee Ronald $405,000
Previous Owner Lee Ronald $165,500
Previous Owner Lee Ronald $173,000
Previous Owner Lee Ronald $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $970,000 -11.8% $382 / Sq Ft
03/10/2024 03/10/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $1,100,000 -- $433 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $3,924 $970,000 $680,000 $290,000
2024 $3,924 $293,400 $210,620 $82,780
2023 $3,857 $287,648 $206,491 $81,157
2022 $3,695 $282,009 $202,443 $79,566
2021 $3,634 $276,480 $198,474 $78,006
2019 $3,533 $268,282 $192,588 $75,694
2018 $3,403 $263,022 $188,812 $74,210
2016 $3,232 $252,810 $181,481 $71,329
2015 $3,188 $249,013 $178,755 $70,258
2014 $3,218 $244,136 $175,254 $68,882
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-348721

The MLS

APN: 5050-013-018