NOT LISTED FOR SALE

Estimated Value: $1,320,902 - $1,469,000

6 Beds
3 Baths
2,621 Sq Ft
$541/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $1,399,000 $534 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,407/month

6 Days on Market

About This Home

As of May 2024

Welcome to the exciting West Adams community ~ the sought-after spot for its burgeoning art scene and interesting blend of new and established culinary attractions, architecture and culture. This is one of the most flexible investments you will find if you want to make this your home or as an addition to any portfolio. Well maintained triplex with 3 spacious 2 bedrooms 1 bath apartments. Laundry is included in all the units. Property has been rehabbed at different stages and are all in good working order cosmetically and systems. Serene common area back garden is perfect for reading and relaxing. One of the special features of this site is the unusually large lot ~ an expansive 7022 square ft lot with plenty of space for additional ADUs. Large 3 car garage space can be replaced with 2 story ADU and still have space for onsite parking available. One unit will be delivered vacant. The area is designated as an opportunity zone and could have tax incentives. Within a couple of blocks catch the Expo line that travels to the ocean and connects to other areas and cities. Enjoy West Adams restaurants ~ The 10,000-square-foot Maydan Market will sit on the corner of West Jefferson Boulevard and Hillcrest Drive, Highly Likely, Alta Adams, Open Face Cafe and many more. A short ride away is Culver City with it's many restaurants and gastro pubs, weekly Farmer's Market, Trader Joe's, movie theater, art galleries, wellness studios. Sony and Culver Studios are a few minutes drive. 20 minutes to the beach, Beverly Hills, USC, UCLA, LAX! Connection to People Mover to LAX coming soon.

Last Agent to Sell the Property

J Jance

Keller Williams Larchmont License #01781335 Listed on: 04/05/2024

Keller Williams Larchmont

Last Buyer's Agent

Tessy Thomas

JohnHart Real Estate License #02027591

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,366

Year Built

  • Built in 1940

Lot Details

  • 7,022

Interior Spaces

  • 2,621 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 5 Car Attached Garage
  • Uncovered Parking

Additional Features

  • 7,022 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 5057-020-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,366

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2621
  • Stories: 2
  • Year Built: 1940
  • Number Of Photos: 56
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Tile
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 533.77

Exterior Features

  • Other Structures: Other
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered, Garage Is Detached
  • Total Parking: 5

Utilities

  • Heating: Wall
  • Water Expense: 2400.00

Fee Information

  • Insurance Expense: 2200.00
  • Maintenance Expense: 850.00
  • Other Expense: 2900.00

Lot Info

  • Assessor Parcel Number: 5057-020-025
  • Lot Size Area: 7022

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.53
  • Number Of Units: 3
  • Total Annual Expense: 27278
  • Type Of Units: Apartments
  • Vacancy Rate: 1%

Tax Info

  • Tax Expense: 17488.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 7, 2024
Sold by
Lee Karen M and Doran Karen
Bought by
Mandal Esan and Kaur Avneet
Seller's Agent
J Jance
Keller Williams Larchmont
Buyer's Agent
Tessy Thomas
JohnHart Real Estate
List Price
$1,399,000
Sold Price
$1,399,000
Views
25
Current Estimated Value
$1,417,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,726
Avg. Annual Appreciation
1.04%
Original Mortgage
$909,000
Outstanding Balance
$897,720
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$520,006

Purchase Details

Closed on
Mar 5, 2013
Sold by
North American Assets Llc
Bought by
Lee Karen M and Doran Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,875
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2012
Closed on
Sep 21, 2012
Sold by
Citibank Na
Bought by
North American Assets Llc
Seller's Agent
Hyon Chong
AIE Realty Inc
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$279,900
Sold Price
$295,000
Premium/Discount to List
$15,100
5.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.97%
Original Mortgage
$202,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2011
Sold by
Lyons Virginia
Bought by
Citibank N A

Purchase Details

Closed on
Jan 2, 2008
Sold by
Lyons Virginia
Bought by
Hayes Freddie C

Purchase Details

Closed on
Jul 30, 1999
Sold by
Hayes Willie B
Bought by
Lyons Virginia

Purchase Details

Closed on
Aug 20, 1997
Sold by
Hayes Willie B
Bought by
Lyons Virginia

Purchase Details

Closed on
Feb 22, 1994
Sold by
Lyons Virginia
Bought by
Hayes Willie Bell and Lyons Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
7.09%
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
Mandal Esan $1,399,000 Upward Title Company
Lee Karen M $545,000 First American Title
North American Assets Llc $295,002 Stewart Title Of California
Citibank N A $648,066 Landsafe Title
Hayes Freddie C -- Stewart Title Of California
Lyons Virginia -- Orange Coast Title
Lyons Virginia -- --
Hayes Willie Bell -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mandal Esan $909,000
Previous Owner Lee Karen M $490,000
Previous Owner Lee Karen M $406,875
Previous Owner North American Assets Llc $202,000
Previous Owner North American Assets Llc $202,000
Previous Owner Citibank Na $202,000
Previous Owner Lyons Virginia $425,000
Previous Owner Lyons Virginia $337,500
Previous Owner Lyons Virginia $223,125
Previous Owner Lyons Virginia $222,491
Previous Owner Lyons Virginia $42,446
Previous Owner Lyons Virginia $157,553
Previous Owner Hayes Willie Bell $142,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2024 05/14/24 Sold $1,399,000 0.0% $534 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $1,399,000 0.0% $534 / Sq Ft
02/07/2022 02/07/22 For Rent $2,495 0.0% --
02/03/2022 02/03/22 Rented $2,495 0.0% --
02/02/2022 02/02/22 Off Market $2,495 -- --
01/28/2022 01/28/22 Price Changed $2,495 -0.2% $3 / Sq Ft
01/21/2022 01/21/22 Price Changed $2,500 -2.0% $3 / Sq Ft
01/16/2022 01/16/22 For Rent $2,550 0.0% --
05/15/2013 05/15/13 Sold $560,000 +3.9% $214 / Sq Ft
02/26/2013 02/26/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $539,000 +82.7% $206 / Sq Ft
10/17/2012 10/17/12 Sold $295,000 +5.4% $113 / Sq Ft
06/18/2012 06/18/12 Pending -- -- --
06/08/2012 06/08/12 For Sale $279,900 -- $107 / 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 $8,366 $1,426,980 $816,000 $610,980
2024 $8,366 $657,961 $482,910 $175,051
2023 $8,213 $645,061 $473,442 $171,619
2022 $7,845 $632,413 $464,159 $168,254
2021 $7,738 $620,013 $455,058 $164,955
2019 $7,514 $601,624 $441,561 $160,063
2018 $7,411 $589,828 $432,903 $156,925
2016 $7,074 $566,927 $416,094 $150,833
2015 $6,973 $558,412 $409,844 $148,568
2014 $7,015 $547,474 $401,816 $145,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-375313

The MLS

APN: 5057-020-025