NOT LISTED FOR SALE
8 Beds
8 Baths
3,704 Sq Ft
3,276 Sq Ft Lot

Sale Details

Date Sold: November 7, 2024

Last sale price $1,235,000 $333 Per Sq Ft

88 Days on Market

About This Home

As of November 2024

This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown,Echo Park and City West. The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The other two units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents throughout. The common area floors and light fixtures were all upgraded while preserving the character of the Property. The six renovated units feature newer, modern flooring, new paint, fully remodeled kitchens and bathrooms, and upgraded electrical. The property also features a spacious upstairs, outdoor terrace available to the tenants for their use. The property is separately metered for gas and electric and master metered for water. There are individual water heaters for each apartment, and there is also coin-operated laundry on-site. There is no on-site parking so the tenants utilize street parking.

Last Agent to Sell the Property

Bryan Glenn

Kidder Mathews of California, Inc. License #01441095 Listed on: 06/24/2024

Last Buyer's Agent

Davis Saadian

Keller Williams Hollywood Hills License #01921748

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,276 Sq Ft Lot

Interior Spaces

  • 3,704 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5160-021-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

3,276 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 3704
  • Lot Acreage: 0.0752
  • Stories: 2
  • Year Built: 1910
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Ceiling Fan, Freezer, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 357.72

Exterior Features

  • Other Structures: None

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 68.18
  • Assessed Improvement Value: 836638
  • Assessed Land Percent: 31.82
  • Assessed Land Value: 390429
  • Total Assessed Value: 1227067
  • Assessor Parcel Number: 5160-021-022
  • Lot Size Area: 3276

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.56
  • Number Of Units: 8
  • Type Of Units: Apts

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Oct 28, 2024
Sold by
Bought by
Seller's Agent
Bryan Glenn
Kidder Mathews of California, Inc.
Buyer's Agent
Davis Saadian
Keller Williams Hollywood Hills
List Price
$1,375,000
Sold Price
$1,235,000
Premium/Discount to List
-$140,000
-10.18%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$864,500
Interest Rate
0.0608%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 15, 2015
Closed on
Jan 28, 2016
Sold by
Bought by
Seller's Agent
Andrew Rafison
Edgestone Real Estate, Inc.
Buyer's Agent
Larry Margo
Berkshire Hathaway HomeServices California Properties
List Price
$1,099,000
Sold Price
$1,100,000
Premium/Discount to List
$1,000
0.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.33%
Original Mortgage
$660,000
Interest Rate
0.0365%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2015
Sold by
Bought by

Purchase Details

Listed on
Mar 24, 2014
Closed on
May 27, 2014
Sold by
Bought by
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
David Kahenasa
ARLO Real Estate Advisors
List Price
$635,000
Sold Price
$607,000
Premium/Discount to List
-$28,000
-4.41%

Purchase Details

Closed on
Jul 29, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$1,235,000 Stewart Title Guaranty Company
$1,100,000 None Available
-- None Available
$607,000 Ticor Title Company
-- --
-- --
-- Southland Title Corporation
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $864,500
Closed $950,000
Closed $660,000
Closed $594,024
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 Prior Sale
11/07/2024 11/07/24 Sold $1,235,000 -6.8% $333 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
08/22/2024 08/22/24 Price Changed $1,325,000 -3.6% $358 / Sq Ft
06/24/2024 06/24/24 For Sale $1,375,000 +25.0% $371 / Sq Ft
02/03/2016 02/03/16 Sold $1,100,000 +0.1% $297 / Sq Ft View Prior Sale
01/04/2016 01/04/16 Pending -- -- --
11/15/2015 11/15/15 For Sale $1,099,000 +81.1% $297 / Sq Ft
06/09/2014 06/09/14 Sold $607,000 -4.4% $164 / Sq Ft View Prior Sale
06/08/2014 06/08/14 Pending -- -- --
03/24/2014 03/24/14 For Sale $635,000 -- $171 / Sq Ft
Source: The MLS

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 $15,552 $1,235,000 $835,000 $400,000
2024 $16,162 $1,276,638 $406,201 $870,437
2023 $15,861 $1,251,607 $398,237 $853,370
2022 $15,148 $1,227,067 $390,429 $836,638
2021 $14,953 $1,203,008 $382,774 $820,234
2019 $14,520 $1,167,858 $371,422 $796,436
2018 $14,466 $1,144,970 $364,140 $780,830
2016 $12,293 $974,640 $406,100 $568,540
2015 $8,057 $619,127 $415,131 $203,996
2014 -- $213,093 $88,786 $124,307
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-238041

The MLS
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