NOT LISTED FOR SALE

3015 S Norton Ave Los Angeles, CA 90018

Jefferson Park Neighborhood

Estimated Value: $1,342,000 - $1,659,000

8 Beds
4 Baths
5,951 Sq Ft
$248/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $1,000,000 $168 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $9,001/month

15 Days on Market

About This Home

As of April 2018

Situated on a lovely street in West Adams, north of Leimert Park and the Crenshaw District, 3015 S. Norton is a classic Spanish Colonial Revival fourplex with tons of upside and a vacant unit ready for renovation or an owner/user. All units are 2-bedroom 1-bath, over 1400sf each, with dining rooms, updated windows and plenty of garage/surface parking. Period architectural design appointments offer the perfect canvas to add value in one of the most historic and high demand rental areas of the City. Building is separately metered for gas and electricity, one unit will be delivered vacant. Value-add opportunity to be sold as-is.

Last Agent to Sell the Property

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 10/29/2017

Last Buyer's Agent

Chaim Shalom Gross

License #01914171

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,159

Year Built

  • Built in 1928

Lot Details

  • 7,570 Sq Ft Lot
  • Lot Dimensions are 57x132

Home Design

  • Stucco

Interior Spaces

  • 5,951 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Car Attached Garage
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5051-030-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,159

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5951
  • Lot Dimensions: 57x132
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 184.84

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Construction: Woodfram
  • Construction: Frame and Stucco
  • Pool: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Driveway, Garage - 1 Car, Garage Is Detached
  • Total Parking: 8

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: 5051-030-017
  • Geocode Override: No
  • Lot Size Area: 7570

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 18691
  • Type Of Units: Apartment
  • Vacancy Rate: 25%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2017
Closed on
Mar 4, 2018
Sold by
Shaw Brenda
Bought by
Davidson Joel
Seller's Agent
Adam Peterson
CB Richard Ellis, Inc.
Buyer's Agent
Chaim Shalom Gross
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Current Estimated Value
$1,473,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,631
Avg. Annual Appreciation
5.81%
Original Mortgage
$734,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2016
Sold by
Newman Sally
Bought by
Sally Newman Family Trust

Purchase Details

Closed on
Mar 19, 2016
Sold by
Smith Kelley
Bought by
Newman Sally

Purchase Details

Closed on
Sep 20, 2015
Sold by
Newman Sally
Bought by
Smith Kelley and Shaw Christopher David

Purchase Details

Closed on
Feb 25, 2005
Sold by
Shaw Duke and Shaw Brenda
Bought by
Newman Sally

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,300
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
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
Davidson Joel $1,000,000 Ticor Title Company
Sally Newman Family Trust -- None Available
Newman Sally -- None Available
Smith Kelley -- None Available
Newman Sally -- Ticor Title Co Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davidson Joel $1,151,500
Closed Davidson Joel $734,000
Previous Owner Newman Sally $411,900
Previous Owner Newman Sally $435,000
Previous Owner Newman Sally $395,300
Previous Owner Newman Sally $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $1,000,000 -9.1% $168 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
10/29/2017 10/29/17 For Sale $1,100,000 -- $185 / 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 $14,159 $1,137,825 $796,478 $341,347
2024 $14,159 $1,115,515 $780,861 $334,654
2023 $13,898 $1,093,643 $765,550 $328,093
2022 $13,271 $1,072,200 $750,540 $321,660
2021 $13,080 $1,051,177 $735,824 $315,353
2019 $12,698 $1,020,000 $714,000 $306,000
2018 $3,010 $202,231 $119,597 $82,634
2016 $8,845 $700,000 $400,000 $300,000
2015 $2,784 $191,460 $113,227 $78,233
2014 $2,823 $187,711 $111,010 $76,701
Source: Public Records

Agents Affiliated with this Home

  • Adam Peterson

    Seller's Agent in 2018

    Adam Peterson

    CB Richard Ellis, Inc.

    (310) 954-7031

    17 Total Sales

    Adam Peterson
    Section Image

  • C

    Buyer's Agent in 2018

    Chaim Shalom Gross

See All Agents

Map

Source: The MLS

MLS Number: 17-284904

The MLS

APN: 5051-030-017

California Los Angeles County Los Angeles 90018 Jefferson Park

3015 S Norton Ave, Los Angeles, CA

This home is located at 3015 S Norton Ave, Los Angeles, CA 90018 since 29 October 2017 and is currently estimated at $1,473,631, approximately $247 per square foot. This property was built in 1928. 3015 S Norton Ave is a home located in Los Angeles County with nearby schools including Sixth Avenue Elementary School, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

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