NOT LISTED FOR SALE

3116 Casitas Ave Los Angeles, CA 90039

Atwater Village Neighborhood

Estimated Value: $1,131,000 - $1,998,000

8 Beds
4 Baths
2,626 Sq Ft
$637/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $1,236,400 $471 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $10,513/month

1 Day on Market

Highlights

  • Property is near a park
  • Traditional Architecture
  • Laundry Room
  • John Marshall Senior High Rated A
  • Private Yard
  • Accessible Parking

About This Home

As of December 2018

**Please do not disturb tenants** This 4 unit apartment building is located in the desirable Atwater Village, with a strong rental demographic. The property was built in 1985 and in NOT UNDER RENT CONTROL. Each unit consists of two bedrooms and one bathroom. In addition, the property has onsite laundry and 8 surface parking spaces. Walking distance to Momed restaurant, Atwater Village Theatre and ShowPro studios.

Last Agent to Sell the Property

Tony Spearman

Roll Tide Properties Corp. License #01974791 Listed on: 11/27/2018

Last Buyer's Agent

Tony Spearman

Roll Tide Properties Corp. License #01974791 Listed on: 11/27/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,715

Year Built

  • Built in 1985

Lot Details

  • 5,397 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in excellent condition
  • Private Yard
  • Lawn

Home Design

  • 2,626 Sq Ft Home
  • Traditional Architecture

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Additional Features

  • Laundry Room
  • Accessible Parking
  • Exterior Lighting
  • Property is near a park
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for trash collection
  • Tax Lot 4
  • Tax Tract Number 4689
  • Assessor Parcel Number 5436009004

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $100
  • Insurance Expense $1,000
  • Water Sewer Expense $700
  • New Taxes Expense $4,300
  • Operating Expense $5,700
  • Gross Income $120
  • Net Operating Income $63,900

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,715

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Water Sewer Expenses: 700.00
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5436009004
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 470.83

Exterior Features

  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Available
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Park Nearby, Yard
  • Lot Size Sq Ft: 5397.00
  • Lot Size Acres: 0.1239

Rental Info

  • Tenant Pays: Trash Collection

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 100.00
  • Gross Income: 120.00
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 120.00
  • Lot Size Area: 5397.0000 Square Feet
  • Net Operating Income: 63900.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 5700.00
  • Rent Control: No
  • Total Expenses: 5700.00

Tax Info

  • New Taxes Expense: 4300.00
  • Tax Census Tract: 1871.02
  • Tax Lot: 4
  • Tax Tract Number: 4689

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2018
Closed on
Dec 4, 2018
Sold by
Nunez Teresa and The Teresa Nunez Family Trust
Bought by
Bacc Investments Llc
Seller's Agent
Tony Spearman
Roll Tide Properties Corp.
Buyer's Agent
Tony Spearman
Roll Tide Properties Corp.
List Price
$1,250,000
Sold Price
$1,236,400
Premium/Discount to List
-$13,600
-1.09%
Total Days on Market
1
Current Estimated Value
$1,673,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,315
Avg. Annual Appreciation
4.29%

Purchase Details

Closed on
Jan 10, 2011
Sold by
Nunez Teresa
Bought by
Nunez Teresa and The Teresa Nunez Family Trust

Purchase Details

Closed on
May 28, 2004
Sold by
Nunez Jorge A
Bought by
Nunez Jorge A and Nunez Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 1997
Sold by
Apodaca Octavio M
Bought by
Nunez Jorge A and Nunez Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,592
Interest Rate
7.74%
Mortgage Type
FHA
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
Bacc Investments Llc $1,236,500 Servicelink
Nunez Teresa -- None Available
Nunez Jorge A -- Diversified Title & Escrow S
Nunez Jorge A $233,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bacc Investments Llc $1,100,000
Previous Owner Nunez Jorge A $400,000
Previous Owner Nunez Jorge A $320,000
Previous Owner Nunez Jorge A $275,000
Previous Owner Nunez Jorge $224,500
Previous Owner Nunez Jorge A $224,592
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $1,236,400 -1.1% $471 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
11/27/2018 11/27/18 For Sale $1,250,000 -- $476 / 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 $16,715 $1,379,333 $827,154 $552,179
2024 $16,715 $1,352,288 $810,936 $541,352
2023 $16,393 $1,325,774 $795,036 $530,738
2022 $15,633 $1,299,780 $779,448 $520,332
2021 $15,438 $1,274,295 $764,165 $510,130
2019 $14,979 $1,236,500 $741,500 $495,000
2018 $5,673 $451,292 $200,524 $250,768
2016 $5,400 $433,770 $192,739 $241,031
2015 $5,323 $427,255 $189,844 $237,411
2014 $5,363 $418,887 $186,126 $232,761
Source: Public Records

Agents Affiliated with this Home

  • Tony Spearman

    Seller's Agent in 2018

    Tony Spearman

    Roll Tide Properties Corp.

    (818) 426-7154

    10 Total Sales

    Tony Spearman
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18281020

California Regional Multiple Listing Service (CRMLS)

APN: 5436-009-004

California Los Angeles County Los Angeles 90039 Atwater Village

3116 Casitas Ave, Los Angeles, CA

This home is located at 3116 Casitas Ave, Los Angeles, CA 90039 since 27 November 2018 and is currently estimated at $1,673,715, approximately $637 per square foot. This property was built in 1985. 3116 Casitas Ave is a home located in Los Angeles County with nearby schools including Atwater Avenue Elementary, Irving STEAM Magnet School, and John Marshall Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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