$1,100,000
SOLD JUL 25, 2024
5 Beds
3 Baths
2,210 Sq Ft
5,202 Sq Ft Lot

Recently Sold

$498 Per Sq Ft

18 Days on Market

About This Home

As of July 2024

Location, location, location! Duplex is located in the lively West Adams neighborhood of Los Angeles, adjacent to Culver City and close to the La Cienega/Jefferson & Expo/La Brea Transit Stations. The building features an Owner’s Unit in the back. The owner’s unit is a detached two-story building with 2bd/1ba on the 2nd floor and a bonus room that can be used as a home office or additional bedroom. The 1st floor features ample space, including a laundry area and enough space for an ADU. The front unit is a 2bd/2ba detached building. Both buildings feature carpet and tile flooring, bathrooms with vanity, and large kitchen areas with abundant cabinet and storage space. There are three covered garage spaces in the back, two for the back unit and one for the front unit, with garage doors for security. In addition, the tenants have access to additional parking in the back, a total of approximately five parking spaces on site. The property is close to USC and Downtown LA and has many amenities. The location has an opportunity for continued rent growth and appreciation.

Last Agent to Sell the Property

Fidelis Ojei

Prime Fidelity Capital Brokerage Phone: 310-433-8555 License #01363191 Listed on: 05/29/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,947

Year Built

  • Built in 1965

Lot Details

  • 5,202 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,210 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 204
  • Tax Tract Number 1601
  • Assessor Parcel Number 5049033004
  • $355 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $480
  • Insurance Expense $1,618
  • Operating Expense $2,098

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,947

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 550000
  • Property Attached: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5049033004
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 497.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5202.00
  • Lot Size Acres: 0.1194
  • Latitude Manual: 34.02635600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Insurance Expense: 1618.00
  • Lot Size Area: 5202.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 2098.00

Tax Info

  • Tax Census Tract: 2197.00
  • Tax Lot: 204
  • Tax Tract Number: 1601
  • TaxOtherAnnualAssessmentAmount: 355.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2024
Closed on
Jul 18, 2024
Sold by
Josephus A Ogunnaike Living Trust and Ogunnaike Josephus
Bought by
Samie Shahram
Seller's Agent
Fidelis Ojei
Prime Fidelity Capital
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,100,000
Sold Price
$1,100,000
Total Days on Market
18
Views
14
Current Estimated Value
$1,090,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,650
Avg. Annual Appreciation
-1.03%
Original Mortgage
$880,000
Outstanding Balance
$874,053
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$216,297

Purchase Details

Closed on
Jul 5, 2022
Sold by
Ogunnaike Josephus A
Bought by
Josephus A Ogunnaike Living Trust

Purchase Details

Closed on
Nov 2, 2010
Sold by
Johnson Michael and Teele Joyce
Bought by
Ogunnaike Josephurs A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,947
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 2006
Sold by
Culpepper Richard
Bought by
Johnson Michael and Teele Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1996
Sold by
Hempen Rosie Mae
Bought by
Culpepper Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
8.33%

Purchase Details

Closed on
Aug 26, 1995
Sold by
Culpepper Susie H
Bought by
Culpepper Richard and Hempen Rosie Mae
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,100,000 Western Resources Title Compan
Grant Deed -- None Listed On Document
Grant Deed $305,000 California Title Company
Grant Deed $650,000 Fidelity National Title Co
Gift Deed -- Gateway Title
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $880,000 New Conventional
Previous Owner $497,536 Unknown
Previous Owner $497,536 New Conventional
Previous Owner $500,000 New Conventional
Previous Owner $335,000 New Conventional
Previous Owner $300,947 FHA
Previous Owner $515,000 New Conventional
Previous Owner $25,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Off Market $3,000 -- --
01/29/2025 01/29/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $3,000 -- --
08/03/2024 08/03/24 For Rent $3,000 0.0% --
07/25/2024 07/25/24 Sold $1,100,000 0.0% $498 / Sq Ft
06/16/2024 06/16/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $1,100,000 -- $498 / 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
2024 $4,947 $383,085 $251,206 $131,879
2023 $4,860 $375,575 $246,281 $129,294
2022 $4,645 $368,211 $241,452 $126,759
2021 $4,576 $360,992 $236,718 $124,274
2020 $4,619 $357,291 $234,291 $123,000
2019 $4,445 $350,287 $229,698 $120,589
2018 $4,361 $343,420 $225,195 $118,225
2016 $4,154 $330,086 $216,451 $113,635
2015 $4,096 $325,129 $213,200 $111,929
2014 $4,123 $318,761 $209,024 $109,737
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN24109013

California Regional Multiple Listing Service (CRMLS)

APN: 5049-033-004