NOT LISTED FOR SALE

Estimated Value: $970,000 - $1,190,462

4 Beds
2 Baths
2,376 Sq Ft
$442/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2022

Last sale price $1,010,000 $425 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,680 / mo

34 Days on Market

Highlights

  • Spanish Architecture
  • 2 Car Detached Garage
  • Built-In Features
  • Ground Level Unit

About This Home

As of May 2022

Investment opportunity in historic Jefferson Park. This charming Spanish Duplex features spacious, side-by-side units. Each unit is a 2bed/1bath with original architectural details and built-ins. Large lot with detached garage; possibility to convert to ADU (Zoned LAR3 - check with city for compliance). Perfect for a new owner to further develop and take advantage of value-add potential. Tenants are aware of sale and are cooperative, but please do not disturb - Property will be delivered with current tenants in place in accordance with Los Angeles County RSO.

Last Agent to Sell the Property

Alexander Lerner

Compass License #01995931 Listed on: 03/22/2022

Compass

Co-Listed By

Becca Wolfley

Keller Williams Realty Westside License #02134026

Last Buyer's Agent

Omid Shokoufandeh

SHK Realty License #01938930

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,880

Parking

  • 2 Car Detached Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,376 Sq Ft Home
  • Built-In Features
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • 7,880 Sq Ft Lot
  • Ground Level Unit
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gardener, water
  • Assessor Parcel Number 5051-024-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,880 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Ground Level
  • Street Number Display: Yes
  • Advertising Remarks: Investment opportunity in historic Jefferson Park. This charming Spanish Duplex features spacious, side-by-side units. Each unit is a 2bed/1bath with original architectural details and built-ins. Large lot with detached garage; possibility to convert to ADU (Zoned LAR3 - check with city for compliance). Perfect for a new owner to further develop and take advantage of value-add potential. Tenants are aware of sale and are cooperative, but please do not disturb.
  • Living Area: 2376
  • Lot Acreage: 0.1809
  • Probate: No
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 378.37

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Detached
  • Total Parking: 2

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 18.70
  • Assessed Improvement Value: 123302
  • Assessed Land Percent: 81.3
  • Assessed Land Value: 536101
  • Total Assessed Value: 659403
  • Assessor Parcel Number: 5051-024-008
  • Lot Size Area: 7880

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: attached

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Apr 29, 2022
Sold by
Sycamore Heights Llc
Bought by
Seller's Agent
Alexander Lerner
Compass
Buyer's Agent
Omid Shokoufandeh
SHK Realty
List Price
$899,000
Sold Price
$1,010,000
Premium/Discount to List
$111,000
12.35%
Current Estimated Value
$1,016,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,964
Avg. Annual Appreciation
0.92%
Original Mortgage
$976,291
Outstanding Balance
$911,231
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$138,885

Purchase Details

Closed on
Sep 14, 2021
Sold by
Larisa Lutes
Bought by
Sycamore Heights Llc

Purchase Details

Listed on
Feb 17, 2017
Closed on
Jun 9, 2017
Sold by
Hollyvale Rental Holdings Llc
Bought by
Lutes Larisa
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Ryan Fitzgerald
Vylla Home, Inc.
List Price
$600,000
Sold Price
$614,888
Premium/Discount to List
$14,888
2.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$522,655
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2016
Sold by
Wllliams Landa
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
May 28, 1996
Sold by
California Mtg Service
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
May 22, 1996
Sold by
Cox Horace W and California Mtg Service
Bought by
California Mtg Service
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Jefferson Park, CA

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Purchase 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 Buyer Sale Price Title Company
$1,010,000 Lawyers Title
Sycamore Heights Llc -- None Listed On Document
Lutes Larisa $615,000 Fidelity National Title Co
Hollyvale Rental Holdings Llc $520,000 Accommodation
Federal Home Loan Mortgage Corporation -- Continental Lawyers Title Co
California Mtg Service $155,000 Continental Lawyers Title Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $976,291
Previous Owner Lutes Larisa $522,655
Previous Owner Hollyvale Rental Holdings Llc $285,000
Previous Owner Hollyvale Rental Holdings Llc $249,999
Previous Owner Williams Landa $381,500
Previous Owner Williams Landa $105,000
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
05/26/2022 05/26/22 Sold $1,010,000 +12.3% $425 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $899,000 0.0% $378 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $899,000 +46.2% $378 / Sq Ft
06/16/2017 06/16/17 Sold $614,888 +4.2% $259 / Sq Ft View Prior Sale
05/11/2017 05/11/17 Pending -- -- --
05/04/2017 05/04/17 Price Changed $589,900 -1.7% $248 / Sq Ft
03/22/2017 03/22/17 For Sale $600,000 0.0% $253 / Sq Ft
03/10/2017 03/10/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $600,000 0.0% $253 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $600,000 -- $253 / 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
2026 $13,151 $1,093,254 $757,701 $335,553
2025 $13,151 $1,071,819 $742,845 $328,974
2024 $13,019 $1,050,804 $728,280 $322,524
2023 $12,773 $1,030,200 $714,000 $316,200
2022 $8,254 $672,591 $546,823 $125,768
2021 $8,143 $659,403 $536,101 $123,302
2019 $7,904 $639,846 $520,200 $119,646
2018 $7,800 $627,300 $510,000 $117,300
2016 $797 $44,900 $28,975 $15,925
2015 $789 $44,226 $28,540 $15,686
2014 $809 $43,360 $27,981 $15,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-138811

The MLS

APN: 5051-024-008

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