NOT LISTED FOR SALE

2949 Kenwood Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $1,086,000 - $1,344,000

5 Beds
4 Baths
4,104 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 28, 2021

Last sale price $1,030,000 $251 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,039/month

69 Days on Market

About This Home

As of July 2021

GREAT DEAL On This Turnkey 4 Unit Quadruplex Residential Income Property. All Units Are Occupied With Tenants, (1) Two Bedroom/ One Bathroom and (3) One Bedroom/ One Bathroom Located Real Close To USC For Potential Student Housing. West Adams Is Downtown LA's Best Kept Secret. Just A Stone's Throw From All Downtown LA Has To Offer, With A Quiet Residential Feel. The Neighborhood Is A Great Mix Of Students, Professors, And Downtown Professionals. This Street Has A Mix Of Four Unit Apartment Complexes, With Gorgeous Restored Single Family Craftsman. One Of The Hottest Areas To Invest In Los Angeles. RENTS ARE ACTUAL. Everything Is Separately Except Water. All tenants are current with their rents.

Last Agent to Sell the Property

Mark Perez

Circle Real Estate License #01279393 Listed on: 05/17/2021

Circle Real Estate

Co-Listed By

Sergio Orzynski

Keller Williams Pacific Estate License #01998128

Last Buyer's Agent

Mark Perez

Circle Real Estate License #01279393 Listed on: 05/17/2021

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,773

Year Built

  • Built in 1922

Lot Details

  • 6,513 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,104 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 13 / B
  • Assessor Parcel Number 5054007015

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $720
  • Insurance Expense $1,720
  • Water Sewer Expense $1,869
  • Operating Expense $4,309
  • Net Operating Income $68,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,773

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1869.00
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5054007015
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 250.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 6513.00
  • Lot Size Acres: 0.1495

Multi Family

  • Gross Scheduled Income: 73116.00
  • Insurance Expense: 1720.00
  • Lot Size Area: 6513.0000 Square Feet
  • Net Operating Income: 68807.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 4309.00
  • Rent Control: Yes
  • Total Expenses: 4309.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2221.00
  • Tax Lot: 13
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 21, 2021
Sold by
Gill Baldev S and Badial Davinder K
Bought by
Gill Baldev S
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Mark Perez
Circle Real Estate
List Price
$1,100,000
Sold Price
$1,030,000
Premium/Discount to List
-$70,000
-6.36%
Current Estimated Value
$1,203,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,568
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
May 14, 2010
Sold by
Cotton Sheldon and Estate Of Esco Mumphrey
Bought by
Gill Baldev S and Badial Davinder K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,895
Interest Rate
5.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Gill Baldev S -- None Available
Gill Baldev S $346,500 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill Baldev S $155,268
Open Gill Baldev S $338,000
Previous Owner Gill Baldev S $341,895
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2021 07/28/21 Sold $1,030,000 -6.4% $251 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $1,100,000 -- $268 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,773 $447,897 $322,697 $125,200
2024 $5,773 $439,116 $316,370 $122,746
2023 $5,672 $430,507 $310,167 $120,340
2022 $5,426 $422,067 $304,086 $117,981
2021 $5,335 $413,792 $298,124 $115,668
2020 $5,381 $409,550 $295,068 $114,482
2019 $5,183 $401,521 $289,283 $112,238
2018 $5,085 $393,649 $283,611 $110,038
2016 $4,825 $378,365 $272,599 $105,766
2015 $4,758 $372,683 $268,505 $104,178
2014 $4,799 $365,384 $263,246 $102,138
Source: Public Records

Agents Affiliated with this Home

  • Mark Perez

    Seller's Agent in 2021

    Mark Perez

    Circle Real Estate

    (562) 754-0660

    1 in this area

    114 Total Sales

    Mark Perez
    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Sergio Orzynski

    Keller Williams Pacific Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21102651

California Regional Multiple Listing Service (CRMLS)

APN: 5054-007-015

California Los Angeles County Los Angeles 90007 Adams-Normandie

2949 Kenwood Ave, Los Angeles, CA

This home is located at 2949 Kenwood Ave, Los Angeles, CA 90007 since 17 May 2021 and is currently estimated at $1,203,568, approximately $293 per square foot. This property was built in 1922. 2949 Kenwood Ave is a home located in Los Angeles County with nearby schools including Vermont Avenue Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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