NOT LISTED FOR SALE

Estimated Value: $932,000 - $1,147,000

4 Beds
4 Baths
3,808 Sq Ft
$267/Sq Ft Est. Value

Last Sold June 20, 2018

Last sale price $620,000 $163 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,131/month

Highlights

  • Traditional Architecture
  • Built-In Features
  • Laundry Room
  • Balcony
  • Living Room
  • 4 Car Garage

About This Home

As of June 2018

Location! Location! Location! Incredible investor opportunity for this multi-family 4 unit building close to Downtown L.A. There are 4 units, all 1+1, side units on a 2 story complex, 2 upstairs and 2 downstairs. Large square footage of 3,808 sf for the complex on a large lot of 7,461 sf. All units are tenant occupied with month to month rentals and will be delivered with tenants. 4 individual 1 car garage parking units in back. Don’t miss out on this great opportunity that makes a great investment property for any investors portfolio. Centrally located, including public transportation, schools and shopping, near 110 and 10 Freeways, USC University, USC Medical Center and other major venues. Needs updating but great upside potential in prime mega rental south metropolitan area of Downtown Los Angeles. Opportunity knocks so open the door! Amazing price!

Last Agent to Sell the Property

Sergio Arnold

Coldwell Banker Realty License #01249651 Listed on: 04/24/2018

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,956

Year Built

  • Built in 1921

Lot Details

  • 7,461 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Quadruplex
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,808 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Balcony
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 71
  • Tax Tract Number 71
  • Assessor Parcel Number 5110021008

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $44,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,956

Year Built

Built in 1921

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5110021008
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Built-in Features
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 162.82
  • Room Type: Kitchen, Living Room

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Electric: Electricity - On Property, Standard
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7461.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 44340.00
  • Gross Scheduled Income: 44340.00
  • 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: 3695.00

Tax Info

  • Tax Census Tract: 2319.00
  • Tax Lot: 71
  • Tax Tract Number: 71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2018
Closed on
Jun 15, 2018
Sold by
Twenty And Forty Properties Llc
Bought by
Oh Jane Y
Seller's Agent
Sergio Arnold
Coldwell Banker Realty
List Price
$619,500
Sold Price
$620,000
Premium/Discount to List
$500
0.08%
Current Estimated Value
$1,018,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,628
Avg. Annual Appreciation
7.03%
Original Mortgage
$370,000
Outstanding Balance
$324,313
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$694,315

Purchase Details

Listed on
Apr 24, 2018
Closed on
Jun 6, 2018
Sold by
Oh Jason Y
Bought by
Oh Jane Y
Seller's Agent
Sergio Arnold
Coldwell Banker Realty
List Price
$619,500
Sold Price
$620,000
Premium/Discount to List
$500
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Outstanding Balance
$324,313
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$694,315

Purchase Details

Closed on
Jan 27, 2017
Sold by
Boroda Philip Joseph
Bought by
Twenty & Forty Properties Llc

Purchase Details

Closed on
Sep 29, 2005
Sold by
312-318 West 49Th St Trust
Bought by
Boroda Philip

Purchase Details

Closed on
Apr 25, 2004
Sold by
Boroda Philip
Bought by
312-318 W 49Th St Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2004
Sold by
Zarifian Moiz
Bought by
Boroda Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2004
Sold by
Zarifian Moiz
Bought by
Boroda Philip

Purchase Details

Closed on
Jun 3, 2002
Sold by
Benyamini Soraya
Bought by
Zariffian Moiz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
6.83%

Purchase Details

Closed on
Apr 25, 2002
Sold by
Green Point Mtg Funding Inc
Bought by
Zarifian Moiz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
6.83%

Purchase Details

Closed on
Feb 22, 2002
Sold by
Nichols James
Bought by
Greenpoint Mtg Funding Inc

Purchase Details

Closed on
Feb 12, 2001
Sold by
All Believers International
Bought by
Nichols James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.98%
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
Oh Jane Y $620,000 Equity Title Los Angeles
Oh Jane Y -- Equity Title Co
Twenty & Forty Properties Llc -- None Available
Boroda Philip -- --
312-318 W 49Th St Trust -- --
Boroda Philip -- Equity Title Company
Boroda Philip -- Equity Title Company
Zariffian Moiz -- Equity Title Company
Zarifian Moiz -- Equity Title Company
Greenpoint Mtg Funding Inc $292,193 First American Title Ins Co
Nichols James $300,000 Orange Coast Title
All Believers International $199,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oh Jane Y $370,000
Previous Owner Boroda Philip $161,000
Previous Owner Zarifian Moiz $161,250
Previous Owner Nichols James $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2018 06/20/18 Sold $620,000 +0.1% $163 / Sq Ft
06/17/2018 06/17/18 Pending -- -- --
04/24/2018 04/24/18 For Sale $619,500 -- $163 / 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 $8,956 $705,448 $477,885 $227,563
2024 $8,956 $691,616 $468,515 $223,101
2023 $8,791 $678,056 $459,329 $218,727
2022 $8,398 $664,762 $450,323 $214,439
2021 $8,281 $651,729 $441,494 $210,235
2019 $8,043 $632,400 $428,400 $204,000
2018 $5,886 $453,190 $231,164 $222,026
2016 $5,596 $435,594 $222,189 $213,405
2015 $5,519 $429,052 $218,852 $210,200
2014 $5,562 $420,648 $214,565 $206,083
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18094981

California Regional Multiple Listing Service (CRMLS)

APN: 5110-021-008