NOT LISTED FOR SALE

Estimated Value: $1,379,000 - $1,770,760

4 Beds
4 Baths
2,345 Sq Ft
$669/Sq Ft Est. Value

Last Sold January 15, 2015

Last sale price $935,000 $399 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $9,518/month

7 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Ceiling Fan
  • R. L. Stevenson Elementary School Rated A
  • Storage
  • Carpet

About This Home

As of January 2015

Prime fourplex in the heart of the Media District, on the corner of Heffron & Maple St. Four clean, original units each with one bed one bath, plus two car, double garages and laundry room with landlord owned coin operated washer and dryers. This location is second to none in the City and only steps away from shopping, dining, entertainment, studios and one of the best transportation systems in all of LA! In the past perspective tenants have been lined up waiting for vacancies! New one year leases on 3 of the units and unit 300 is on a month to month basis. Location, location, location!!! This fourplex is a must have for any serious investor who likes to buy property in one of the best areas of Los Angeles.

Last Agent to Sell the Property

David Fogg

Keller Williams Realty World Media Center License #01149065 Listed on: 12/17/2014

Last Buyer's Agent

Rick Dergan

LPT Realty, Inc License #00972387

LPT Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,454

Year Built

  • Built in 1947

Lot Details

  • 7,247 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 2,345 Sq Ft Home
  • Ceiling Fan
  • Storage
  • Fire and Smoke Detector
  • Gas Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 7247
  • Tax Tract Number 10141
  • Assessor Parcel Number 2482008015

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $960
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $11,612
  • Gross Income $430
  • Net Operating Income $62,152

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,454

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Office Manager
  • Other Phone Number: 818-239-3512
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 1200.00
  • Zoning: BUR3*
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 2482008015
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Storage
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 398.72

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Outside
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7247.00
  • Lot Size Acres: 0.1660

Multi Family

  • Gross Income: 430.00
  • Gross Scheduled Income: 63420.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7247.0000 Square Feet
  • Net Operating Income: 62152.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 1268.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11612.00
  • Tax Lot: 7247
  • Tax Tract Number: 10141
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2014
Closed on
Jan 8, 2015
Sold by
Wilkins Thomas
Bought by
Commercial Coating Company Inc
Seller's Agent
David Fogg
Keller Williams Realty World Media Center
Buyer's Agent
Rick Dergan
LPT Realty, Inc
List Price
$929,000
Sold Price
$935,000
Premium/Discount to List
$6,000
0.65%
Current Estimated Value
$1,568,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$633,440
Avg. Annual Appreciation
4.78%

Purchase Details

Closed on
Nov 10, 2010
Sold by
Wilkins Thomas W
Bought by
Wilkins Thomas W and Thomas W Wilkins Trust

Purchase Details

Closed on
Feb 28, 2008
Sold by
Wilkins Thomas W
Bought by
Wilkins Thomas W and Thomas W Wilkins 2008 Trust

Purchase Details

Closed on
May 23, 2006
Sold by
Thomen Carolyn A
Bought by
Wilkins Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 1999
Sold by
Svider Gary A
Bought by
Thomen Carolyn A and Carolyn A Thomen Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.73%

Purchase Details

Closed on
Feb 8, 1999
Sold by
Williams Lucille
Bought by
Svider Gary A and Svider Etta Mae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.73%
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
Commercial Coating Company Inc $935,000 Lawyers Title
Wilkins Thomas W -- Accommodation
Wilkins Thomas W -- Accommodation
Wilkins Thomas W -- None Available
Wilkins Thomas W $875,000 Stewart Title
Thomen Carolyn A $295,000 First American Title Co
Svider Gary A -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilkins Thomas W $663,000
Previous Owner Wilkins Thomas W $700,000
Previous Owner Thomen Carolyn A $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2015 01/15/15 Sold $935,000 +0.6% $399 / Sq Ft
12/24/2014 12/24/14 Pending -- -- --
12/17/2014 12/17/14 For Sale $929,000 -- $396 / 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 $12,454 $1,123,720 $679,040 $444,680
2024 $12,454 $1,101,687 $665,726 $435,961
2023 $12,322 $1,080,086 $652,673 $427,413
2022 $11,766 $1,058,909 $639,876 $419,033
2021 $11,719 $1,038,147 $627,330 $410,817
2019 $11,247 $1,007,357 $608,724 $398,633
2018 $11,113 $987,606 $596,789 $390,817
2016 $10,555 $949,258 $573,616 $375,642
2015 $8,444 $760,000 $673,100 $86,900
2014 $8,603 $760,000 $673,100 $86,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14259750

California Regional Multiple Listing Service (CRMLS)

APN: 2482-008-015