NOT LISTED FOR SALE
11 Beds
7 Baths
5,456 Sq Ft
6,753 Sq Ft Lot

Sale Details

Date Sold: January 25, 2019

Last sale price $2,350,000 $431 Per Sq Ft

45 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Room
  • John Marshall High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Turnkey

About This Home

As of January 2019

This is a six-unit, turnkey apartment in the trendy Atwater Village neighborhood of Los Angeles. Built in 1964. It offers 1x3 bedroom and 1.5 bathroom, 3x2 bedroom and 2x1-bedroom floor plans with upgraded (only 4 units in 2017). New windows, stainless-steel appliances, quartz counter-tops, vanities and kitchen cabinets, tiles and flooring, recessed lighting. 5.49 CAP and 12.6 GRM on market rents and fully stabilized.

Last Agent to Sell the Property

Edmond Khudyan

Coldwell Banker Hallmark License #01196809 Listed on: 10/31/2018

Coldwell Banker Hallmark

Last Buyer's Agent

Cael Kirkland

Figure 8 Realty License #02003728

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,753 Sq Ft Lot
  • No Common Walls

Home Design

  • 5,456 Sq Ft Home
  • Turnkey
  • Asphalt Roof

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • Carport
  • Parking Available
  • Parking Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 5436022005

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Not Applicable 105 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,643
  • Fuel Expense $1,080
  • Gardener Expense $960
  • Insurance Expense $3,400
  • Maintenance Expense $3,500
  • Pest Control $600
  • Professional Management Expense $2,400
  • Trash Expense $480
  • New Taxes Expense $28,591
  • Net Operating Income $131,772

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

6,753 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 5.49
  • Professional Management Expense: 2400.00
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5436022005
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 430.72

Exterior Features

  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Parking Space

Utilities

  • Laundry: Yes
  • Laundry Features: In Carport, Individual Room
  • Pest Control Expense: 600.00
  • Sewer: Sewer Paid
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6753.00
  • Lot Size Acres: 0.1550

Multi Family

  • Average1 Bed Area: 727
  • Average2 Bed Area: 902
  • Average3 Bed Area: 1242
  • Electric Expense: 5643.00
  • Fuel Expense: 1080.00
  • Gross Multiplier: 12.60
  • Insurance Expense: 3400.00
  • Lot Size Area: 6753.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Net Operating Income: 131772.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 6
  • Operating Expense: 49374.00
  • Operating Expense Percent: 26.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 28591.00
  • Tax Rate: 1.19

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

Closed on
Jul 16, 2019
Sold by
Bought by

Purchase Details

Listed on
Oct 31, 2018
Closed on
Jan 11, 2019
Sold by
Bought by
Seller's Agent
Edmond Khudyan
Coldwell Banker Hallmark
Buyer's Agent
Cael Kirkland
Figure 8 Realty
List Price
$2,399,000
Sold Price
$2,350,000
Premium/Discount to List
-$49,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,388,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 31, 2018
Closed on
Dec 17, 2018
Sold by
Bought by
Seller's Agent
Edmond Khudyan
Coldwell Banker Hallmark
Buyer's Agent
Cael Kirkland
Figure 8 Realty
List Price
$2,399,000
Sold Price
$2,350,000
Premium/Discount to List
-$49,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,388,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2018
Sold by
Bought by

Purchase Details

Closed on
Jun 27, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 3, 2017
Sold by
Bought by

Purchase Details

Listed on
Aug 24, 2016
Closed on
Sep 30, 2016
Sold by
Bought by
Seller's Agent
Larry Weiner
Flans & Weiner, Inc.
Buyer's Agent
Out Of Area Southland
SOUTHLAND
List Price
$900,000
Sold Price
$1,415,000
Premium/Discount to List
$515,000
57.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$849,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 1994
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
-- Lawyers Title
-- Lawyers Title
$2,350,000 Lawyers Title
-- Accommodation
-- --
-- None Available
-- None Available
$1,415,000 Lawyers Title
-- --
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
Previous Owner $1,388,000
Previous Owner $849,000
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
01/25/2019 01/25/19 Sold $2,350,000 -2.0% $431 / Sq Ft
12/26/2018 12/26/18 Pending -- -- --
10/31/2018 10/31/18 For Sale $2,399,000 +69.5% $440 / Sq Ft
11/15/2016 11/15/16 Sold $1,415,000 +57.2% $259 / Sq Ft View Prior Sale
09/27/2016 09/27/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $900,000 -- $165 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $32,302 $2,621,466 $948,189 $1,673,277
2024 $31,926 $2,570,066 $929,598 $1,640,468
2023 $31,314 $2,519,673 $911,371 $1,608,302
2022 $29,874 $2,470,268 $893,501 $1,576,767
2021 $29,503 $2,421,832 $875,982 $1,545,850
2020 $29,813 $2,397,000 $867,000 $1,530,000
2019 $18,333 $1,472,166 $1,040,400 $431,766
2018 $18,194 $1,443,300 $1,020,000 $423,300
2016 $13,869 $1,096,470 $588,845 $507,625
2015 $2,363 $138,065 $35,681 $102,384
2014 $2,409 $135,362 $34,983 $100,379
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 318004228

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.