NOT LISTED FOR SALE

Estimated Value: $778,383 - $908,000

8 Beds
4 Baths
3,593 Sq Ft
$235/Sq Ft Est. Value

Last Sold April 18, 2024

Last sale price $855,000 $238 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,136/month

8 Days on Market

Highlights

  • City Lights View
  • Craftsman Architecture
  • Balcony
  • Dual Staircase
  • No HOA
  • Living Room

About This Home

As of April 2024

Discover a prime investment opportunity nestled in the heart of Los Angeles with this nicely maintained two-level building with positive cash flow. Boasting (4) two bedrooms and one bathroom in each unit, this property is only 2.2 miles from USC, offering proximity to amenities and educational institutions. Renovations included new exterior painting and cutting down of tree limbs. Gas and electric services are separately metered, enhancing convenience. Currently all 4 units are occupied.

Last Agent to Sell the Property

Martha Carrasco

Pinnacle Estate Properties Brokerage Phone: 818-723-0496 License #01734066 Listed on: 03/06/2024

Pinnacle Estate Properties

Last Buyer's Agent

Catherine Gill

Spurling Group Realtors License #02209063

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 4,998 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Back Yard
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Quadruplex
  • Craftsman Architecture
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 3,593 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Living Room
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / B
  • Assessor Parcel Number 5110028006
  • $531 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $10,612
  • Operating Expense $2,400
  • Gross Income $65,653
  • Net Operating Income $65,653

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LARD2
  • Architectural Style: Craftsman
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5110028006
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 237.96
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • View: City Lights, Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Level with Street, Walkstreet
  • Lot Size Sq Ft: 4998.00
  • Lot Size Acres: 0.1147

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 898 Square Feet
  • Gross Income: 65653.00
  • Gross Scheduled Income: 73956.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4998.0000 Square Feet
  • Net Operating Income: 65653.00
  • 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
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 8303.00
  • Rent Control: No
  • Total Expenses: 2400.00

Tax Info

  • New Taxes Expense: 10612.00
  • Tax Block: B
  • Tax Census Tract: 2328.00
  • Tax Lot: 7
  • TaxOtherAnnualAssessmentAmount: 531.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Apr 2, 2024
Sold by
Sefiani Family Trust and Sefiani Sako
Bought by
Tyrone Mcgee Living Trust and Mcgee
Seller's Agent
Martha Carrasco
Pinnacle Estate Properties
Buyer's Agent
Catherine Gill
Spurling Group Realtors
List Price
$849,000
Sold Price
$855,000
Premium/Discount to List
$6,000
0.71%
Views
49
Current Estimated Value
$845,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,154
Avg. Annual Appreciation
-0.62%
Original Mortgage
$670,000
Outstanding Balance
$659,989
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$185,857

Purchase Details

Closed on
Aug 5, 2020
Sold by
Sefiani Sako
Bought by
Sefiani Family Trust

Purchase Details

Listed on
Oct 22, 2015
Closed on
Jan 27, 2016
Sold by
Gharibyan Gohar
Bought by
Sefiani Sako
Seller's Agent
Bert Camp
Quality Properties
Buyer's Agent
Martha Carrasco
Pinnacle Estate Properties
List Price
$639,500
Sold Price
$580,000
Premium/Discount to List
-$59,500
-9.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.87%

Purchase Details

Closed on
Nov 23, 2015
Sold by
Camp Bert
Bought by
Sefiani Sako

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2011
Closed on
Jan 8, 2013
Sold by
Camp Jennifer
Bought by
Camp Bert
Seller's Agent
Bonnie Lombardi
West To East Realty Services
Buyer's Agent
Bonnie Lombardi
West To East Realty Services
List Price
$299,000
Sold Price
$175,000
Premium/Discount to List
-$124,000
-41.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%

Purchase Details

Closed on
Oct 29, 2010
Sold by
Ortega Adrian
Bought by
Kevorking Armen

Purchase Details

Closed on
May 20, 2009
Sold by
Kevorkian Armen
Bought by
Ortega Adrian

Purchase Details

Closed on
Dec 8, 2006
Sold by
Kevorkian Janet
Bought by
Kevorkian Armen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
1.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2005
Sold by
Cortez Marcos
Bought by
Kevorkian Armen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2005
Sold by
Kevorkian Janet
Bought by
Kevorkian Armen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2001
Sold by
One Step Forward
Bought by
Cortez Marcos and Zuno Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,735
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 28, 2000
Sold by
Hud
Bought by
One Step Forward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7.82%

Purchase Details

Closed on
Sep 22, 1999
Sold by
Source One Mtg Services Corp
Bought by
Hud

Purchase Details

Closed on
Jul 30, 1998
Sold by
West Coast Group Inc
Bought by
Carrizales Albert and Morales Reyna A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,651
Interest Rate
6.93%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 1998
Sold by
Milton Maxine Mclain
Bought by
Milton Kenneth E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tyrone Mcgee Living Trust $855,000 Lawyers Title
Sefiani Family Trust -- None Available
Sefiani Sako -- Usa National Title Company
Sefiani Sako $580,000 Usa National Title Company
Camp Bert -- Provident Title Company
Camp Bert $185,000 Provident Title Company
Kevorkian Armen -- Provident Title Company
Kevorking Armen -- None Available
Ortega Adrian -- None Available
Kevorkian Armen -- Commerce Title
Kevorkian Armen $410,000 Stewart Title
Kevorkian Armen -- Stewart Title Of Ca Inc
Cortez Marcos $276,000 American Title Co
One Step Forward $224,000 New Century Title Company
Hud -- --
Carrizales Albert $275,000 United Title
Milton Kenneth E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tyrone Mcgee Living Trust $670,000
Previous Owner Sefiani Sako $402,500
Previous Owner Kevorkian Armen $460,000
Previous Owner Kevorkian Armen $369,000
Previous Owner Cortez Marcos $271,735
Previous Owner One Step Forward $189,000
Previous Owner Carrizales Albert $263,651
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2024 04/18/24 Sold $855,000 +0.7% $238 / Sq Ft
04/09/2024 04/09/24 Price Changed $849,000 -0.7% $236 / Sq Ft
03/14/2024 03/14/24 Pending -- -- --
03/14/2024 03/14/24 Off Market $855,000 -- --
03/06/2024 03/06/24 For Sale $849,000 +46.4% $236 / Sq Ft
02/03/2016 02/03/16 Sold $580,000 -9.3% $161 / Sq Ft View Prior Sale
11/30/2015 11/30/15 Pending -- -- --
10/22/2015 10/22/15 For Sale $639,500 +265.4% $178 / Sq Ft
12/31/2012 12/31/12 Sold $175,000 -41.5% $49 / Sq Ft View Prior Sale
03/14/2012 03/14/12 Pending -- -- --
12/05/2011 12/05/11 For Sale $299,000 -- $83 / 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 $8,606 $872,100 $510,000 $362,100
2024 $8,606 $673,133 $348,173 $324,960
2023 $8,446 $659,936 $341,347 $318,589
2022 $8,063 $646,997 $334,654 $312,343
2021 $7,950 $634,312 $328,093 $306,219
2020 $8,025 $627,809 $324,729 $303,080
2019 $7,718 $615,500 $318,362 $297,138
2018 $7,634 $603,432 $312,120 $291,312
2016 $2,653 $192,440 $156,034 $36,406
2015 $2,619 $189,551 $153,691 $35,860
2014 $2,654 $185,839 $150,681 $35,158
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24044426

California Regional Multiple Listing Service (CRMLS)

APN: 5110-028-006