NOT LISTED FOR SALE

Estimated Value: $1,234,000 - $1,677,712

4 Beds
2 Baths
2,466 Sq Ft
$570/Sq Ft Est. Value

Last Sold December 03, 2020

Last sale price $1,000,000 $406 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $8,603/month

22 Days on Market

Highlights

  • City View
  • Spanish Architecture
  • Granite Countertops
  • Wood Flooring
  • Great Room
  • 5-minute walk to Gladys Jean Wesson Park

About This Home

As of December 2020

Spanish duplex on a large 7,000 sq ft lot in one of the most desirable and rapidly growing areas of Los Angeles. Existing duplex will be delivered with a vacant owners unit and a termination agreement for the other unit if desired. Located just south of the 10 off West Adams Blvd, minutes to Culver City and in the heart of the vibrant West Adams community. Sale includes plans for a 4-unit subdivision, all new 1,800 sqft single-family homes. Plans were submitted in December 2019, public hearing pending. New owner can take advantage of the work and time spent to step into the opportunity. The 7,000 sq ft RD1.5-1 lot measures 50'x140'.

Last Agent to Sell the Property

Giles Donovan

Donovan Real Estate Brokerage License #01898418 Listed on: 09/29/2020

Co-Listed By

Benjamin Russell

Douglas Elliman of California, Inc. License #02100634

Last Buyer's Agent

Giles Donovan

Donovan Real Estate Brokerage License #01898418 Listed on: 09/29/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,156

Year Built

  • Built in 1924

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • East Facing Home

Parking

  • 4 Car Detached Garage

Home Design

  • Spanish Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2,466 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Entryway
  • Great Room
  • Center Hall
  • Wood Flooring
  • City Views
  • Gas And Electric Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for water
  • Assessor Parcel Number 5050-012-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,156

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • ADA Compliant: No
  • Alley: No
  • Building Permit: Yes
  • Living Area: 2466
  • Lot Acreage: 0.1607
  • Lot Dimensions: 50 x 140
  • Probate: No
  • Year Built: 1924
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Appliances: Free Standing Gas
  • Bedrooms: 4
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Gas Or Electric Dryer Hookup, Built-Ins, Hood Fan, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 425.79

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: Other
  • Foundation Details: Raised
  • Patio: Covered Porch
  • Roof: Flat
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Detached

Utilities

  • Heating: Wall Gas
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 28.98
  • Assessed Improvement Value: 113443
  • Assessed Land Percent: 71.02
  • Assessed Land Value: 278050
  • Total Assessed Value: 391493
  • Assessor Parcel Number: 5050-012-021
  • Lot Size Area: 7000

Rental Info

  • Rent Control: Yes
  • Tenant Pays: Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Rental
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2024
Sold by
Donovan Giles O and Donovan Laura C
Bought by
Buckingham Rd Apartments Llc
Current Estimated Value
$1,371,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,017,965
Outstanding Balance
$1,007,092
Interest Rate
7.17%
Mortgage Type
Seller Take Back
Estimated Equity
$397,586

Purchase Details

Closed on
Nov 22, 2023
Sold by
2847 Buckingham Llc
Bought by
Donovan Giles O and Donovan Laura C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,136
Interest Rate
7.29%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 2021
Sold by
Donovan Giles O and Donovan Laura C
Bought by
2847 Buckingham Llc

Purchase Details

Listed on
Sep 29, 2020
Closed on
Nov 12, 2020
Sold by
Quin Mark Antony and Quin Louann Carol
Bought by
2847 Buckingham Llc
Seller's Agent
Giles Donovan
Donovan Real Estate Brokerage
Buyer's Agent
Giles Donovan
Donovan Real Estate Brokerage
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%

Purchase Details

Listed on
Sep 29, 2020
Closed on
Oct 6, 2020
Sold by
2847 Buckingham Llc
Bought by
Donovan Giles O and Donovan Laura C
Seller's Agent
Giles Donovan
Donovan Real Estate Brokerage
Buyer's Agent
Giles Donovan
Donovan Real Estate Brokerage
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%

Purchase Details

Closed on
Nov 26, 2019
Sold by
Quin Mark Antony and Quin Louann Carol
Bought by
2847 Buckingham Llc

Purchase Details

Listed on
Jul 18, 2019
Closed on
Aug 1, 2019
Sold by
Horton Zabrina
Bought by
Quin Mark Antony and Quin Louann Carol
Seller's Agent
Nina Grayson
eXp Realty of Greater Los Angeles
Buyer's Agent
Giles Donovan
Donovan Real Estate Brokerage
List Price
$990,000
Sold Price
$875,000
Premium/Discount to List
-$115,000
-11.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%
Original Mortgage
$550,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 17, 2010
Sold by
Polk Sonja
Bought by
Horton Zabrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,624
Interest Rate
5.01%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 24, 2007
Sold by
Griffin Pearl L
Bought by
The Pearl L Griffin Living Trust

Purchase Details

Closed on
Feb 5, 1998
Sold by
Griffin Hugh L
Bought by
Griffin Hugh L and Griffin Pearl L
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 Rd Apartments Llc $139,500 Orange Coast Title Company
Donovan Giles O -- Accommodation/Courtesy Recordi
2847 Buckingham Llc -- None Available
2847 Buckingham Llc -- Equity Title Company
Donovan Giles O $1,000,000 Equity Title Company
2847 Buckingham Llc -- None Available
Quin Mark Antony $875,000 Lawyers Title
Horton Zabrina $352,000 Fidelity National Title Co
The Pearl L Griffin Living Trust -- None Available
Griffin Hugh L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buckingham Rd Apartments Llc $1,017,965
Previous Owner Donovan Giles O $110,136
Previous Owner Quin Mark Antony $550,000
Previous Owner Horton Zabrina $510,000
Previous Owner Horton Zabrina $390,000
Previous Owner Horton Zabrina $331,000
Previous Owner Horton Zabrina $345,624
Previous Owner Griffin Pearl L $544,185
Previous Owner Griffin Pearl L $145,500
Previous Owner Griffin Pearl L $100,000
Previous Owner Griffin Hugh L $88,808
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2020 12/03/20 Sold $1,000,000 -4.8% $406 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $1,050,000 +20.0% $426 / Sq Ft
09/24/2019 09/24/19 Sold $875,000 -11.6% $355 / Sq Ft
07/18/2019 07/18/19 For Sale $990,000 -- $401 / 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 $13,156 $1,180,140 $823,140 $357,000
2024 $13,156 $1,061,207 $742,845 $318,362
2023 $12,907 $1,040,400 $728,280 $312,120
2022 $12,315 $1,020,000 $714,000 $306,000
2021 $12,157 $1,000,000 $800,000 $200,000
2020 $10,903 $875,000 $750,000 $125,000
2019 $5,103 $407,308 $289,283 $118,025
2018 $4,987 $399,322 $283,611 $115,711
2016 $11,673 $383,818 $272,599 $111,219
2015 $4,681 $378,054 $268,505 $109,549
2014 $4,708 $370,650 $263,246 $107,404
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-633158

The MLS

APN: 5050-012-021