NOT LISTED FOR SALE
10 Beds
8 Baths
5,392 Sq Ft
10,016 Sq Ft Lot

Last Sold February 09, 2018

Last sale price $1,440,000 $267 Per Sq Ft

58 Days on Market

Highlights

  • Gated Parking
  • Property is near park
  • Tankless Water Heater
  • City Lights View
  • Air Conditioning
  • 2-minute walk to South Park Recreation Center

About This Home

As of February 2018

Well located brand new rental property with NO rent control restrictions. This two story building was completed in 2105 meeting all current building code requirements. The property is also individually metered for all utilities (gas, electric, AND water). Gated yard area with secured on site parking along with four garage units. The one bedroom ground floor unit has also been built to handicap accessible specs. Within walking distance to two neighborhood parks and within two blocks of the newly constructed Maya Angelou Community High School. Excellent rental area.

Last Agent to Sell the Property

Allan Glass

ASG Real Estate Inc. License #01154002 Listed on: 11/01/2017

Last Buyer's Agent

Lauren Hong

Mega Realty License #01752432

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2015

Lot Details

  • 10,016 Sq Ft Lot
  • North Facing Home
  • Gated Home

Parking

  • 4 Car Garage
  • 10 Open Parking Spaces
  • Gated Parking

Home Design

  • Pier And Beam
  • Stucco

Interior Spaces

  • 5,392 Sq Ft Home
  • 2-Story Property
  • City Lights Views
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Utilities

  • Air Conditioning
  • Central Heating
  • Tankless Water Heater
  • Sewer in Street

Additional Features

  • ADA Compliant
  • Property is near park

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5109-024-040

Property Details

Home Type

Multi-Family

Year Built

Built in 2015

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Advertising Remarks: Well located brand new rental property with NO rent control restrictions. This two story building was completed in 2105 meeting all current building code requirements. The property is also individually metered for all utilities (gas, electric, AND water). Gated yard area with secured on site parking along with four garage units. The one bedroom ground floor unit has also been built to handicap accessible specs. Within walking distance to two neighborhood parks and within two blocks of the newly constructed Maya Angelou Community High School. Excellent rental area.
  • Disability Access: DisabilityAccess
  • Living Area: 5392
  • Price Per Unit: 310000.00
  • Year Built: 2015
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Carpet: 5
  • Number Disposal: 5
  • Bedrooms: 10
  • Total Bathrooms: 8.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 276.34

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Foundation Details: Pier and Beam
  • Construction: wood frame
  • Construction: Frame and Stucco
  • Paved: Yes
  • Pool: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 10
  • Covered Parking: 6
  • Garage Structures: 4
  • Parking Garage: Covered Parking, Gated, Private Garage
  • Total Parking: 12

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning
  • Electric Expense: 2400.00
  • Heating: Central
  • Number Electric Meters: 5
  • Number Gas Meters: 5
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinklers, Gated, Smoke Detector
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Condo/Co-op/Association

  • Professional Management: 8100.00

Fee Information

  • Insurance Expense: 2800.00

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Value: 700000
  • Assessed Land Value: 500000
  • Assessor Parcel Number: 5109-024-040
  • Geocode Override: No
  • Lot Location: Park Nearby
  • Lot Size Area: 10016

Rental Info

  • Total Actual Rent: 105600.00
  • Land Lease Type: Fee
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.11
  • Number Of Units: 5
  • Rent Control: 0%
  • Type Of Units: two story

Tax Info

  • Tax Expense: 13000.00

MLS Schools

  • School District: Los Angeles Unified

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2018 02/09/18 Sold $1,440,000 -3.4% $267 / Sq Ft
01/08/2018 01/08/18 For Sale $1,490,000 0.0% $276 / Sq Ft
12/29/2017 12/29/17 Pending -- -- --
12/09/2017 12/09/17 Price Changed $1,490,000 -3.9% $276 / Sq Ft
11/01/2017 11/01/17 For Sale $1,550,000 -- $287 / 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 $20,462 $1,638,468 $967,152 $671,316
2024 $20,462 $1,606,342 $948,189 $658,153
2023 $20,079 $1,574,847 $929,598 $645,249
2022 $19,176 $1,543,969 $911,371 $632,598
2021 $18,929 $1,513,696 $893,501 $620,195
2019 $18,037 $1,468,800 $867,000 $601,800
2018 $15,241 $1,224,000 $510,000 $714,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-285842

The MLS

APN: 5109-024-011