NOT LISTED FOR SALE

Estimated Value: $1,098,000 - $1,362,362

3 Beds
3 Baths
1,200 Sq Ft
$1,026/Sq Ft Est. Value

Last Sold September 14, 2021

Last sale price $1,050,000 $875 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,602/month

68 Days on Market

Highlights

  • Laundry Room
  • Garden
  • 4-minute walk to Reynier Park
  • Palms Middle School Rated A-
  • Space Heater

About This Home

As of September 2021

BOTH UNITS ARE VACANT. A great opportunity for an investor or owner/user on a 5,040 sq ft lot, centrally located duplex, zoned LAR1.5, allowing for the possible addition of a third unit or the potential to develop three completely new structures. New updates include: water heater in 2 bed, 2 bath unit, painting, landscaping, garage repair, re-polish deck in backyard, new cabinet hardware, bathroom remodel, and new lighting fixtures/fans.

Unit one, consists of 1 bed/ 1bath and features hardwood and tile floors, walk in closet, updated bathroom, and decorative fireplace. Laundry is also available in the 1-car garage/ storage space provided.

Unit two, features 2 beds/ 2baths with an open kitchen and living area, crown molding, hardwood & tile floors, washer & dryer in unit, subway tiles in bathrooms, as well as French doors off bedroom that opens to large spacious backyard w/deck and 1-car garage/storage space.

The spacious backyard provides a large grassy area and beautiful pomegranate bushes as well as plenty of room for expansion. Enjoy a very desirable location conveniently close to Sony studios, Trader Joes, downtown Culver City, nearby 10 Freeway and Palms/Culver City Expo stations.

Last Agent to Sell the Property

Vincenzo Altamura

S C Real Estate License #01901957 Listed on: 03/19/2021

Last Buyer's Agent

Vincenzo Altamura

S C Real Estate License #01901957 Listed on: 03/19/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,040 Sq Ft Lot
  • 1 Common Wall
  • Garden
  • Density is 2-5 Units/Acre

Home Design

  • 1,200 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Parking

  • On-Street Parking
  • Parking Permit Required

Utilities

  • Space Heater

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 5500
  • Assessor Parcel Number 4312005003

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $1,200
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $10,875
  • Operating Expense $14,355
  • Gross Income $55,800
  • Net Operating Income $41,445

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

5,040 Sq Ft Lot

Listing Details

  • CapRate: 3.50
  • Property Attached: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: LARD1.5
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 4312005003
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 875.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: Permit Required, Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Space Heater
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre, Garden
  • Lot Size Sq Ft: 5040.00
  • Lot Size Acres: 0.1157

Multi Family

  • Gross Income: 55800.00
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5040.0000 Square Feet
  • Net Operating Income: 41445.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14355.00
  • Rent Control: Yes
  • Total Expenses: 14355.00

Tax Info

  • New Taxes Expense: 10875.00
  • Tax Census Tract: 2702.00
  • Tax Lot: 28
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2017
Closed on
Jan 3, 2018
Sold by
Gebhardt Sam
Bought by
Laurance Edward Daley
Seller's Agent
Jonathan Pearson
Douglas Elliman
Buyer's Agent
Vincenzo Altamura
List Price
$897,000
Sold Price
$873,000
Premium/Discount to List
-$24,000
-2.68%
Current Estimated Value
$1,231,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,091
Avg. Annual Appreciation
4.29%
Original Mortgage
$575,000
Outstanding Balance
$483,221
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$747,870

Purchase Details

Closed on
Jan 21, 2005
Sold by
Raskin Suzanne
Bought by
Gebhardt Sam and Gebhardt Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Laurance Edward Daley $873,000 Fidelity National Title Comp
Gebhardt Sam $515,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laurance Edward Daley $575,000
Previous Owner Gebhardt Sam $412,000
Closed Gebhardt Sam $103,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2021 09/14/21 Sold $1,050,000 -10.6% $875 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
04/28/2021 04/28/21 Price Changed $1,175,000 -2.0% $979 / Sq Ft
04/02/2021 04/02/21 For Sale $1,199,000 0.0% $999 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $1,199,000 +37.3% $999 / Sq Ft
01/17/2018 01/17/18 Sold $873,000 -2.7% $728 / Sq Ft View Prior Sale
12/11/2017 12/11/17 Pending -- -- --
10/20/2017 10/20/17 For Sale $897,000 -- $748 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,513 $1,114,268 $848,966 $265,302
2024 $13,400 $1,092,420 $832,320 $260,100
2023 $13,144 $1,071,000 $816,000 $255,000
2022 $12,535 $1,050,000 $800,000 $250,000
2021 $11,070 $917,677 $735,824 $181,853
2019 $10,740 $890,460 $714,000 $176,460
2018 $7,742 $630,899 $557,400 $73,499
2016 $7,406 $606,402 $535,756 $70,646
2015 $7,298 $597,294 $527,709 $69,585
2014 $7,332 $585,594 $517,372 $68,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21051475

California Regional Multiple Listing Service (CRMLS)

APN: 4312-005-003

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