NOT LISTED FOR SALE

307 N Kenmore Ave Los Angeles, CA 90004

East Hollywood Neighborhood

Estimated Value: $1,670,606 - $2,089,000

9 Beds
4 Baths
5,062 Sq Ft
$369/Sq Ft Est. Value

Last Sold November 27, 2013

Last sale price $840,000 $166 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $10,919/month

Highlights

  • Dual Staircase
  • Wood Flooring
  • Shed
  • Midcentury Modern Architecture
  • Laundry Room
  • Wall Furnace

About This Home

As of November 2013

Price Reduced! Attractive, updated and well maintained building is zoned C-2 but used as a 4-plex. Located in a high demand rental area, Large 5062 sqft Bldg. 3 units have two bedrooms, One unit has 3 bedrooms. Existing rents $66,700/yr still have definite upside potential. Detached individual 4 car garage with 4 newer garage doors plus additional parking area. Two units upstairs have small patio. Units have wood and laminate floors, large formal dining rooms,updated baths and kitchens, large laundry rooms and decorative tiled fireplaces. Building nicely maintained with copper plumbing, updated electrical service, newer roof, and newly painted exterior. C-2 zoning for possible future development!

Last Agent to Sell the Property

Donna Rue

Coldwell Banker Hallmark Realty License #00817503 Listed on: 09/17/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,742

Year Built

  • Built in 1923

Lot Details

  • 6,910

Parking

  • 4 Car Garage

Home Design

  • Midcentury Modern Architecture
  • Traditional Architecture
  • Property Attached
  • Copper Plumbing
  • Stucco

Interior Spaces

  • Dual Staircase
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Shed
  • 6,910 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 55200230

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,046
  • Water Sewer Expense $3,600
  • Operating Expense $6,126
  • Gross Income $66,708
  • Net Operating Income $60,030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,742

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Inclusions: Storage shed in rear
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 3600.00
  • Zoning: C2
  • Architectural Style: Mid Century Modern, Traditional
  • Property Type: Residential Income
  • Parcel Number: 55200230
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases, Copper Plumbing Full
  • Flooring: Carpet, Laminate, Wood
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Other Structures: Shed(s)
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6910.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Operating Income: 66708.00
  • Gross Scheduled Income: 66708.00
  • Insurance Expense: 2046.00
  • Lot Size Area: 6910.0000 Square Feet
  • Net Operating Income: 60030.00
  • 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
  • Rent Control: Yes
  • Total Actual Rent: 66708.00
  • Total Expenses: 6126.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2013
Closed on
Nov 22, 2013
Sold by
Bayo Acacia
Bought by
Lee Mun K and Lee Chun J
Seller's Agent
Donna Rue
Coldwell Banker Hallmark Realty
List Price
$875,000
Sold Price
$840,000
Premium/Discount to List
-$35,000
-4%
Current Estimated Value
$1,870,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,030,152
Avg. Annual Appreciation
6.95%
Original Mortgage
$180,000
Outstanding Balance
$134,235
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,735,917

Purchase Details

Closed on
May 17, 2004
Sold by
Bayo Acacia
Bought by
The Acacia Bayo Trust

Purchase Details

Closed on
Oct 23, 2003
Sold by
Bayo Acacia
Bought by
Bayo Acacia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 1999
Sold by
Perez Emilio S
Bought by
Bayo Acacia

Purchase Details

Closed on
Nov 2, 1993
Sold by
Blanc Enrique Emilio
Bought by
Bayo Gonzalo and Bayo Acacia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.09%
Source: Public Records

Range of Values:

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Average Value
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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
Lee Mun K $840,000 Fidelity National Title
The Acacia Bayo Trust -- --
Bayo Acacia -- Southland Title Company
Bayo Acacia -- --
Bayo Gonzalo -- Commonwealth Land Title Co
Bayo Gonzalo -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Mun K $180,000
Previous Owner Bayo Acacia $150,500
Previous Owner Bayo Gonzalo $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2013 11/27/13 Sold $840,000 -4.0% $166 / Sq Ft
11/26/2013 11/26/13 Pending -- -- --
09/17/2013 09/17/13 For Sale $875,000 -- $173 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $12,742 $1,029,715 $661,961 $367,754
2024 $12,742 $1,009,526 $648,982 $360,544
2023 $12,506 $989,732 $636,257 $353,475
2022 $11,942 $970,327 $623,782 $346,545
2021 $11,770 $951,301 $611,551 $339,750
2019 $11,425 $923,087 $593,413 $329,674
2018 $11,258 $904,988 $581,778 $323,210
2016 $10,726 $869,848 $559,188 $310,660
2015 $10,571 $856,783 $550,789 $305,994
2014 $10,626 $840,000 $540,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Donna Rue

    Coldwell Banker Hallmark Realty

See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22179944

Pasadena-Foothills Association of REALTORS®

APN: 5520-023-018

California Los Angeles County Los Angeles 90004 East Hollywood

307 N Kenmore Ave, Los Angeles, CA

Not Listed for Sale

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