NOT LISTED FOR SALE
12 Beds
12 Baths
9,588 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: June 12, 2012

Last sale price $1,015,000 $106 Per Sq Ft

19 Days on Market

Highlights

  • 13,112 Sq Ft lot
  • Ceiling Fan
  • 12 Car Garage
  • Bathtub with Shower
  • Floor Furnace

About This Home

As of June 2012

Great 12 unit building in PRIME Leimert Park with 12 very large 1 BR units which command top dollar due to their size and amenities. Each unit is almost 800sf and has its own private garage which could be source of income, in addition to its own laundry room off the kitchen and also tons of closet space! Seperate meters for gas & elec. Nice hardwood floors in most of the units and good layouts. The property consists of two identical parcels sharing a very nice common courtyard. This is a great income property which still has room for increased rents! DO NOT DISTURB TENANTS, DRIVE BY ONLY.

Last Agent to Sell the Property

Timo Ketola

310 Properties License #01495040 Listed on: 02/08/2012

Last Buyer's Agent

David Berg

Compass License #01481236

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 13,112 Sq Ft Lot

Parking

  • 12 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • Bathtub with Shower
  • 9,588 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 12 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5024-013-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0.3 Acres

Parking

12

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 9588
  • Stories: 2
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bathroom Features: Shower and Tub
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 114.62

Exterior Features

  • Construction: Stucco
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 12
  • Covered Parking: 12
  • Parking Garage: Garage, Private Garage
  • Total Parking: 12

Utilities

  • Electric Expense: 531.00
  • Heating: Floor Furnace, Wall
  • Number Electric Meters: 12
  • Number Gas Meters: 12
  • Water Expense: 3069.00

Fee Information

  • Insurance Expense: 6432.00
  • Maintenance Expense: 2932.00
  • Trash Expense: 959.00

Lot Info

  • Assessed Land Value: 778450
  • Total Assessed Value: 1141726
  • Assessor Parcel Number: 5024-013-010
  • Lot Description: 2-4 Lots
  • Lot Size Area: 13112

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 9.42
  • Number Of Units: 12
  • Rent Control: 100
  • Type Of Units: 1BR

Tax Info

  • Tax Expense: 16170.00

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
Sep 1, 2015
Sold by
Bought by

Purchase Details

Listed on
Feb 8, 2012
Closed on
May 15, 2012
Sold by
Bought by
Seller's Agent
Timo Ketola
310 Properties
Buyer's Agent
David Berg
Compass
List Price
$1,099,000
Sold Price
$1,015,000
Premium/Discount to List
-$84,000
-7.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$659,750
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.87%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
$1,015,000 Ticor Title Company
$1,100,000 Stewart Title
-- Stewart Title
-- Orange Coast 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
Open $1,000,000
Closed $659,750
Previous Owner $685,000
Previous Owner $44,000
Previous Owner $250,000
Previous Owner $480,000
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
06/12/2012 06/12/12 Sold $1,015,000 -7.6% $106 / Sq Ft
02/27/2012 02/27/12 Pending -- -- --
02/08/2012 02/08/12 For Sale $1,099,000 -- $115 / 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 $8,766 $637,436 $439,613 $197,823
2024 $8,592 $624,939 $430,994 $193,945
2023 $8,447 $612,687 $422,544 $190,143
2022 $8,095 $600,674 $414,259 $186,415
2021 $7,976 $588,897 $406,137 $182,760
2019 $7,760 $571,433 $394,092 $177,341
2018 $7,678 $560,229 $386,365 $173,864
2016 $7,278 $538,476 $371,363 $167,113
2015 $7,182 $530,388 $365,785 $164,603
2014 $7,244 $519,999 $358,620 $161,379
Source: Public Records

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Map

Source: The MLS

MLS Number: 12-580707

The MLS
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