$1,500,000
SOLD MAY 28, 2021
8 Beds
8 Baths
4,334 Sq Ft
8,005 Sq Ft Lot

Recently Sold

$346 Per Sq Ft

2% Above List Price

7 Days on Market

About This Home

As of May 2021

We are proud to present this 4-unit apartment building located in the Jefferson Park area of Los Angeles. This very well-maintained 4,334 sqft building is situated on a 8,005 sqft lot, and consist of (4) 2bed/2bath units. All units have recently been updated, including double pane windows, laminate flooring, bathrooms, kitchen counter tops, and appliances. Two units will be delivered vacant and move in ready, making it extremely easy for the new owner to immediately be able to obtain market rents. The rear portion of the property includes a shared paid laundry room, as well as a large rear parking area including 4 outdoor individual spots + 5 garages.

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 04/19/2021

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770

Last Buyer's Agent

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 04/19/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,813

Year Built

  • Built in 1928

Lot Details

  • 8,005 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 5 Car Garage
  • Parking Available
  • Parking Lot

Home Design

  • Apartment

Interior Spaces

  • 4,334 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 6 / Q
  • Tax Tract Number 5580
  • Assessor Parcel Number 5051033008

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $800
  • Gardener Expense $1,200
  • Insurance Expense $1,517
  • Maintenance Expense $4,368
  • Trash Expense $800
  • Water Sewer Expense $800
  • New Taxes Expense $18,438
  • Operating Expense $28,722
  • Gross Income $109,200
  • Net Operating Income $77,202

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,813

Year Built

Built in 1928

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.16
  • Property Attached: Yes
  • Water Sewer Expenses: 800.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5051033008
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 346.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Parking Space
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size: 50' by 160'
  • Lot Size Sq Ft: 8005.00
  • Lot Size Acres: 0.1838

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 800.00
  • Gross Income: 109200.00
  • Gross Multiplier: 13.66
  • Gross Scheduled Income: 109200.00
  • Insurance Expense: 1517.00
  • Lot Size Area: 8005.0000 Square Feet
  • Maintenance Expense: 4368.00
  • Net Operating Income: 77202.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 105924.00
  • Rent Control: Yes
  • Total Actual Rent: 9000.00
  • Total Expenses: 28722.00

Tax Info

  • New Taxes Expense: 18438.00
  • Tax Block: Q
  • Tax Census Tract: 2193.00
  • Tax Lot: 6
  • Tax Tract Number: 5580

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
May 17, 2021
Sold by
Park Sungai
Bought by
3028 Edgehill Drive Llc
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,475,000
Sold Price
$1,500,000
Premium/Discount to List
$25,000
1.69%
Current Estimated Value
$1,634,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,484
Avg. Annual Appreciation
1.61%

Purchase Details

Listed on
May 6, 2015
Closed on
Jul 23, 2015
Sold by
Starke Shirley E
Bought by
Park Sungai
Seller's Agent
Nancy Sanborn
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Yongho Rho
Max Mega Group
List Price
$699,000
Sold Price
$945,000
Premium/Discount to List
$246,000
35.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Source: Public Records

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Range of Values:

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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 $1,500,000 Fidelity National Title
Grant Deed $945,000 California Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $1,500,000 +1.7% $346 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $1,475,000 0.0% $340 / Sq Ft
08/10/2018 08/10/18 Rented $2,100 0.0% --
07/19/2018 07/19/18 For Rent $2,100 0.0% --
08/10/2015 08/10/15 Sold $945,000 +35.2% $218 / Sq Ft
07/13/2015 07/13/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $699,000 -- $161 / 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 $19,813 $1,591,812 $1,061,208 $530,604
2023 $19,438 $1,560,600 $1,040,400 $520,200
2022 $18,549 $1,530,000 $1,020,000 $510,000
2021 $13,526 $1,093,041 $723,445 $369,596
2020 $13,659 $1,081,834 $716,027 $365,807
2019 $13,131 $1,060,623 $701,988 $358,635
2018 $12,935 $1,039,827 $688,224 $351,603
2016 $11,697 $945,000 $661,500 $283,500
2015 $1,788 $113,631 $39,769 $73,862
2014 $1,825 $111,406 $38,990 $72,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21082297

California Regional Multiple Listing Service (CRMLS)

APN: 5051-033-008