NOT LISTED FOR SALE

Estimated Value: $1,082,000 - $1,626,000

8 Beds
8 Baths
3,900 Sq Ft
$368/Sq Ft Est. Value

Last Sold December 23, 2013

Last sale price $705,000 $181 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $8,926/month

16 Days on Market

About This Home

As of December 2013

Fully Rehabbed!! Standard Sale!! Beautiful 3 units near University of Southern California consisting of front 2 units of 3 bedrooms/3 baths and rear unit of 2 bedrooms/2baths.The front units offer spacious living rooms and dining areas to enjoy a nice peaceful and calming dinner with the family. New kitchen cabinets, granite counter tops, Venetian ceilings and updated fixtures compliments the warm fresh paint throughout the units. All units have upgraded tiled shower and flooring. New flooring throughout the units along with energy efficient windows. With an 8.5% Cap Rate and USC Housing in high demand this is a perfect investment opportunity! An extra bonus: Property has $200 in Oil Royalty monthly income for new owner! This property will sell fast so Hurry & Submit offer!

Last Agent to Sell the Property

Edwin Acevedo

Century 21 LOTUS License #01854178 Listed on: 11/11/2013

Century 21 LOTUS

Co-Listed By

Michele Jefferson

Nelson Shelton & Associates License #01358185

Last Buyer's Agent

JOSEPH GONZALES

RAM PROPERTIES & ASSOCIATES License #0399062

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,084

Year Built

  • Built in 1922

Lot Details

  • 6,600 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 3,900 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 9441
  • Assessor Parcel Number 5040002009

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,084

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • CapRate: 9.00
  • Property Attached: No
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5040002009
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 180.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6600.00
  • Lot Size Acres: 0.1520

Multi Family

  • Lot Size Area: 6600.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 09441

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2015
Sold by
Clark Karen A
Bought by
Clark Karen A and Karen Clark Living Trust
Current Estimated Value
$1,433,713

Purchase Details

Listed on
Nov 11, 2013
Closed on
Dec 11, 2013
Sold by
Fs Property Investments Llc
Bought by
Clark Karen A
Seller's Agent
Edwin Acevedo
Century 21 LOTUS
Buyer's Agent
JOSEPH GONZALES
RAM PROPERTIES & ASSOCIATES
List Price
$699,000
Sold Price
$705,000
Premium/Discount to List
$6,000
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$636,446
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 2013
Sold by
Lewis Kathleen L and Lewis Family Trust
Bought by
Fs Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
3.79%
Mortgage Type
Unknown

Purchase Details

Closed on
May 26, 2006
Sold by
Lewis Daniel and Lewis Kathleen
Bought by
Lewis Daniel E A and Lewis Kathleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,003
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 13, 2001
Sold by
Lewis Daniel E A and Lewis Kathleen L
Bought by
Lewis Daniel E A and Lewis Kathleen L
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
Clark Karen A -- None Available
Clark Karen A $705,000 Usa National Title Company
Fs Property Investments Llc $430,000 Usa National Title Company
Lewis Daniel E A -- Financial Title Company
Lewis Daniel -- Financial Title Company
Lewis Daniel E A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Karen A $624,643
Closed Clark Karen A $628,204
Closed Clark Karen A $636,446
Previous Owner Fsproperty Investments Llc $15,000
Previous Owner Fsproperty Investments Llc $30,000
Previous Owner Fs Property Investments Llc $535,000
Previous Owner Lewis Daniel E A $402,003
Previous Owner Lewis Daniel E A $336,925
Previous Owner Lewis Daniel Edgar Augustus $291,672
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2013 12/23/13 Sold $705,000 0.0% $181 / Sq Ft
12/20/2013 12/20/13 Sold $705,000 +0.9% $181 / Sq Ft
11/07/2013 11/07/13 Pending -- -- --
11/06/2013 11/06/13 Pending -- -- --
10/21/2013 10/21/13 For Sale $699,000 0.0% $179 / Sq Ft
10/21/2013 10/21/13 For Sale $699,000 -- $179 / 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 $14,084 $864,224 $612,928 $251,296
2024 $14,084 $847,279 $600,910 $246,369
2023 $13,886 $830,667 $589,128 $241,539
2022 $13,412 $814,380 $577,577 $236,803
2021 $13,275 $798,412 $566,252 $232,160
2020 $13,372 $790,226 $560,446 $229,780
2019 $12,986 $774,732 $549,457 $225,275
2018 $12,835 $759,542 $538,684 $220,858
2016 $9,039 $730,050 $517,767 $212,283
2015 $8,910 $719,085 $509,990 $209,095
2014 $8,955 $705,000 $500,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13215440

California Regional Multiple Listing Service (CRMLS)

APN: 5040-002-009