NOT LISTED FOR SALE

Estimated Value: $1,176,000 - $1,613,031

5 Beds
2 Baths
1,854 Sq Ft
$791/Sq Ft Est. Value

Last Sold August 28, 2012

Last sale price $765,000 $413 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $9,329/month

9 Days on Market

Highlights

  • Bungalow
  • Heating System Uses Natural Gas
  • 4-minute walk to Syd Kronenthal Park
  • Linwood E. Howe Elementary School Rated A-

About This Home

As of August 2012

2 Units in prime area of Culver City .61 Miles away form movie studios, Charming bungalow stlye homes on a tree lined street. These units are perfect for an investor or 1st time buyers (earn income), live in one rent the other. front Unit is a cozy 3bed 1bath rear unit is a 2bed 1bath with an attached 2 car garage, both units have their own private yard/patio area. This one will not last.. 'Good Luck'

Last Agent to Sell the Property

Myrna Ruelas

Your Home Team Real Estate License #01405069 Listed on: 07/18/2012

Last Buyer's Agent

Myrna Ruelas

Your Home Team Real Estate License #01405069 Listed on: 07/18/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,393

Year Built

  • Built in 1924

Lot Details

  • 6,142

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,854 Sq Ft Home
  • Fireplace Features Masonry

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 3877

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Trash Expense $50
  • Water Sewer Expense $100
  • Gross Income $3,600
  • Net Operating Income $39,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,393

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.06
  • View: No
  • Water Sewer Expenses: 100.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Fireplace Features: Masonry
  • Levels: One
  • Price Per Square Foot: 412.62

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 3600.00
  • Gross Multiplier: 18.17
  • Gross Scheduled Income: 43200.00
  • Net Operating Income: 39700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Operating Expense: 3500.00

Tax Info

  • Tax Lot: 27
  • Tax Tract Number: 3877

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2015
Sold by
Bernstein Keith
Bought by
3339 Sherbourne Llc
Total Days on Market
9
Current Estimated Value
$1,467,258

Purchase Details

Listed on
Jul 18, 2012
Closed on
Aug 7, 2012
Sold by
Escobar Mario
Bought by
Bernstein Keith I and Bernstein Minde F
Seller's Agent
Myrna Ruelas
Your Home Team Real Estate
Buyer's Agent
Myrna Ruelas
Your Home Team Real Estate
List Price
$784,900
Sold Price
$765,000
Premium/Discount to List
-$19,900
-2.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
Original Mortgage
$533,850
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2004
Sold by
Placencia Manuel
Bought by
Escobar Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 1997
Sold by
Arevalo Ana Maria
Bought by
Escobar Mario

Purchase Details

Closed on
Nov 17, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Placencia Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
9.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 16, 1994
Sold by
Nokes Jon and Home Svgs Of America Fsb
Bought by
Home Svgs Of America Fsb
Source: Public Records

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Range of Values:

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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
3339 Sherbourne Llc -- None Available
Bernstein Keith I $765,000 Lawyers Title Company
Escobar Mario -- Lawyers Title Company
Escobar Mario -- Gateway Title Company
Placencia Manuel $235,000 Investors Title Company
Home Svgs Of America Fsb $335,578 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bernstein Keith I $533,850
Previous Owner Escobar Mario $105,000
Previous Owner Escobar Mario $450,000
Previous Owner Escobar Mario $235,000
Previous Owner Plascencia Manuel $24,000
Previous Owner Placencia Manuel $211,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2012 08/28/12 Sold $765,000 -2.5% $413 / Sq Ft
07/27/2012 07/27/12 Pending -- -- --
07/18/2012 07/18/12 For Sale $784,900 -- $423 / 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
2024 $13,393 $948,707 $682,109 $266,598
2023 $12,798 $930,106 $668,735 $261,371
2022 $12,206 $911,870 $655,623 $256,247
2021 $12,121 $893,991 $642,768 $251,223
2019 $11,547 $867,477 $623,704 $243,773
2018 $11,310 $850,469 $611,475 $238,994
2016 $10,547 $817,446 $587,732 $229,714
2015 $10,267 $805,168 $578,904 $226,264
2014 $10,405 $789,397 $567,565 $221,832
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1203826

California Regional Multiple Listing Service (CRMLS)

APN: 4312-024-011