NOT LISTED FOR SALE
6 Beds
3 Baths
7,550 Sq Ft
8,004 Sq Ft Lot

Sale Details

Date Sold: August 6, 2021

Last sale price $2,770,000 $367 Per Sq Ft

75 Days on Market

About This Home

As of August 2021

Price reduced $300,000! Seller motivated. Well maintained, 8 units located in the prime - and high-rental demand - Palms area of the Westside. Six 2-bedroom, 1.5-bath units; one 3-bedroom 1.5-bath and one 1-bedroom 1-bath. Great commuter location. Copper plumbing, 11 parking places and on-site laundry. 6 of 8 units not rented and awaiting remodeling and significantly higher rents. This property is also offered as part of five building portfolio (see attached Offering Memorandum). Shown on accepted offers only. Please do not disturb the tenants or sellers.

Last Agent to Sell the Property

Daniel Corcoran

Corcoran Group of California Inc. License #00451125 Listed on: 04/15/2021

Corcoran Group of California Inc.

Co-Listed By

Kim Suman

Corcoran Group of California Inc. License #01437996

Last Buyer's Agent

Daniel Corcoran

Corcoran Group of California Inc. License #00451125 Listed on: 04/15/2021

Corcoran Group of California Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,004 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Property Attached

Interior Spaces

  • 7,550 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 625
  • Assessor Parcel Number 4311026018

Community Details

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,575
  • Insurance Expense $2,644
  • Trash Expense $3,300
  • New Taxes Expense $17,131
  • Operating Expense $48,406
  • Gross Income $226,688
  • Net Operating Income $171,481

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

8,004 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4311026018
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 366.89

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 8004.00
  • Lot Size Acres: 0.1837

Multi Family

  • Electric Expense: 8575.00
  • Gross Income: 226688.00
  • Gross Operating Income: 219887.00
  • Gross Scheduled Income: 226688.00
  • Insurance Expense: 2644.00
  • Lot Size Area: 8004.0000 Square Feet
  • Net Operating Income: 171481.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 48406.00
  • Rent Control: Yes
  • Total Expenses: 48406.00

Tax Info

  • New Taxes Expense: 17131.00
  • Tax Census Tract: 2697.00
  • Tax Lot: 48
  • Tax Tract Number: 625
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/06/2021 08/06/21 Sold $2,770,000 -10.6% $367 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $3,100,000 -- $411 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $36,332 $2,939,545 $2,052,906 $886,639
2024 $35,902 $2,881,907 $2,012,653 $869,254
2023 $35,219 $2,825,400 $1,973,190 $852,210
2022 $33,609 $2,770,000 $1,934,500 $835,500
2021 $20,790 $1,661,458 $1,262,509 $398,949
2020 $20,991 $1,644,823 $1,249,564 $395,259
2019 $20,188 $1,612,580 $1,225,063 $387,517
2018 $20,008 $1,580,970 $1,201,043 $379,927
2016 $19,051 $1,519,197 $1,154,406 $364,791
2015 $18,782 $1,496,378 $1,137,066 $359,312
2014 $18,885 $1,467,067 $1,114,793 $352,274
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV21079514

California Regional Multiple Listing Service (CRMLS)
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