NOT LISTED FOR SALE

Estimated Value: $1,448,000 - $1,947,405

3 Beds
2 Baths
1,872 Sq Ft
$848/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $1,400,000 $748 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,769/month

14 Days on Market

Highlights

  • Wood Flooring
  • Shed
  • 1-Story Property
  • 2 Car Detached Garage

About This Home

As of July 2022

Located in a prime LA neighborhood is this California Bungalow style duplex with unlimited potential. The front house is approx.1,008sf and offers original hardwood floors, a decorative fireplace, dining room, vintage kitchen with a breakfast nook, 2 bedrooms, a full bathroom, and a bonus room perfect for a den or office. The detached rear loft is approx. 864sf and offers a living room and kitchen downstairs with a bedroom and full bathroom upstairs. Both units have their own laundry closets and share a courtyard. Front house has a 2-car garage, and the loft has a 1-car garage. There is also a large, bonus space that has a sink and bathroom. Located just steps away from Helms Bakery and minutes from The Platform, Downtown Culver City, Culver Steps, Ivy Station, Sony and Amazon Studios, and the Expo Line. This is an ideal property for an owner user who wants to live in the front house and lease the back; or for an investor looking for a development opportunity with great upside.

Last Agent to Sell the Property

Lorin Ruttenberg

Compass License #01309588 Listed on: 06/01/2022

Compass

Co-Listed By

Erica Lockhart

Compass License #01763313

Last Buyer's Agent

Jack Graniti

Pacifica West Properties License #01317555

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,363

Year Built

  • Built in 1923

Lot Details

  • 5,879

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Shed
  • 5,879 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4312-010-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,363

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1872
  • Lot Acreage: 0.1350
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed, Tile, Hardwood
  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Refrigerator, Range/Oven, Washer
  • Price Per S Q F T: 614.32

Exterior Features

  • Other Structures: Other, Shed(s)

Garage/Parking

  • Parking Garage: Garage - 2 Car, Garage - 1 Car, Detached
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 59.05
  • Assessed Improvement Value: 151217
  • Assessed Land Percent: 40.95
  • Assessed Land Value: 104849
  • Total Assessed Value: 256066
  • Assessor Parcel Number: 4312-010-009
  • Lot Size Area: 5879

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 22.00
  • Number Of Units: 2
  • Total Annual Expense: 9000
  • Type Of Units: Detached
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jun 20, 2022
Sold by
Anthony Thomas Fox Trust
Bought by
Esquivias Kunstler Family Living Trust
Seller's Agent
Lorin Ruttenberg
Compass
Buyer's Agent
Jack Graniti
Pacifica West Properties
List Price
$1,150,000
Sold Price
$1,400,000
Premium/Discount to List
$250,000
21.74%
Current Estimated Value
$1,586,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,851
Avg. Annual Appreciation
3.89%
Original Mortgage
$1,000,000
Outstanding Balance
$948,604
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$638,247
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Esquivias Kunstler Family Living Trust $1,400,000 Lawyers Title
Anthony Thomas Fox Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esquivias Kunstler Family Living Trust $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $1,400,000 +21.7% $748 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $1,150,000 -- $614 / Sq Ft
Source: The MLS

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 $17,363 $1,456,560 $1,144,440 $312,120
2024 $17,363 $1,428,000 $1,122,000 $306,000
2023 $17,110 $1,400,000 $1,100,000 $300,000
2022 $3,362 $261,186 $106,945 $154,241
2021 $3,310 $256,066 $104,849 $151,217
2020 $3,339 $253,441 $103,774 $149,667
2019 $3,216 $248,473 $101,740 $146,733
2018 $3,157 $243,602 $99,746 $143,856
2016 $3,006 $234,145 $95,874 $138,271
2015 $2,964 $230,629 $94,434 $136,195
2014 $2,989 $226,113 $92,585 $133,528
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-162875

The MLS

APN: 4312-010-009