NOT LISTED FOR SALE

Estimated Value: $884,537 - $1,069,000

3 Beds
3 Baths
2,087 Sq Ft
$457/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $825,000 $395 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,049/month

74 Days on Market

Highlights

  • Ground Level Unit
  • Laundry Room
  • East Facing Home
  • 4 Car Garage
  • Ceiling Fan
  • Carpet

About This Home

As of July 2021

We are proud to present this rare opportunity to purchase one or both side-by-side triplexes totaling 6 units located in the historic Jefferson Park area. These rare 3-unit properties are perfect for an value-add buyer. All three units in this property are currently occupied with a monthly rent roll of $3,690. The property also features a 4-car covered garage and 1 uncovered parking spaces. Each unit has laundry hook ups an individual hot water heaters. Each unit is individually metered for gas and electricity. This property is minutes walk to the Crenshaw expo line. Seller want to sell 3419 12th Ave ( triplex ) along with this property. You have an opportunity to own six units total.

Last Agent to Sell the Property

Ra-son Theus

Hoffman Theus License #01843711 Listed on: 04/26/2021

Hoffman Theus

Co-Listed By

Heather Presha

KHORR Realty License #01493661

Last Buyer's Agent

Jonathan Chavez

Aspire Los Angeles License #01875720

Aspire Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,706

Year Built

  • Built in 1940

Lot Details

  • 5,300 Sq Ft Lot
  • East Facing Home

Parking

  • 4 Car Garage
  • 1 Open Parking Space

Home Design

  • Cosmetic Repairs Needed
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,087 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Carpet
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Location

  • Ground Level Unit

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, move in fee, move out fee
  • The owner pays for gardener, water
  • Assessor Parcel Number 5044-006-003

Community Details

Overview

  • 3 Units

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Rent Control
  • Vacancy Allowance $2,214

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,706

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: Yes
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 2087
  • Lot Acreage: 0.1217
  • Price Per Unit: 273333.00
  • Property Condition: Repair Cosmetic
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 3
  • Number Dishwasher: 0
  • Number Disposal: 3
  • Number Drapes: 3
  • Number Range: 0
  • Number Refrigerator: 0
  • Flooring: Carpet
  • Bedrooms: 3
  • Common Walls: Attached
  • Laundry: Inside
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Equipment: Cable, Ceiling Fan, Garbage Disposal, Gas Dryer Hookup
  • Price Per S Q F T: 392.91

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Number Patio: 0
  • Paved: Yes
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 1
  • Covered Parking: 4
  • Number Rented Garages: 3
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Garage Is Detached
  • Total Parking: 5

Utilities

  • TV Svcs: Cable TV
  • Water District: LADWP
  • Water Heater: Gas
  • Heating: Wall Gas
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 0
  • Water: Meter on Property, District
  • Water Heaters: Yes

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 39.39
  • Assessed Improvement Value: 89549
  • Assessed Land Percent: 60.61
  • Assessed Land Value: 137773
  • Total Assessed Value: 227322
  • Assessor Parcel Number: 5044-006-003
  • Lot Size Area: 5300

Rental Info

  • Number Leased: 3
  • Total Actual Rent: 44280.00
  • Monthly Gross Income: 3690.00
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Move In Fee, Move Out Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.51
  • Gross Scheduled Income: 5550.00
  • Gross Spendable Income: 3069.00
  • Number Of Units: 3
  • Number Wall A C: 0
  • Total Annual Expense: 7462
  • Type Of Units: 1 Bedrooms
  • Vacancy Allow: 2214
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jul 21, 2021
Sold by
Shockley Walter J and Shockley Walter J
Bought by
Dalton Cheryl Ann and Chavez Jonathan Huerta
Seller's Agent
Ra-son Theus
Hoffman Theus
Buyer's Agent
Jonathan Chavez
Aspire Los Angeles
List Price
$820,000
Sold Price
$825,000
Premium/Discount to List
$5,000
0.61%
Current Estimated Value
$953,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,884
Avg. Annual Appreciation
3.43%
Original Mortgage
$618,750
Outstanding Balance
$564,096
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$383,611

Purchase Details

Closed on
Jun 18, 2019
Sold by
Shockley Antoinette R
Bought by
Shockley Antoinette R and Antoinette Shockley Living Tru

Purchase Details

Closed on
May 17, 2019
Sold by
Shockley Walter J and Shockley Antoinette R
Bought by
Shockley Walter J and Shockley Declaration Walther J

Purchase Details

Closed on
Jun 13, 2003
Sold by
Shockley Walter J
Bought by
Shockley Walter J and Shockley Antoinette R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2001
Sold by
Shockley Walter J
Bought by
Shockley Walter J and The Walter J Shockley Declaration Of Tr

Purchase Details

Closed on
Dec 14, 2000
Sold by
Numata Noriko
Bought by
Numata Kenichi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
7.81%

Purchase Details

Closed on
Dec 8, 2000
Sold by
Numata Kenichi Kenny
Bought by
Shockley Walter J and Shockley Antoinette R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
7.81%

Purchase Details

Closed on
Aug 31, 1996
Sold by
Numata Frank T
Bought by
Numata Frank Takeo and The Frank Takeo Numata 1996 Trust
Source: Public Records

Range of Values:

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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
Dalton Cheryl Ann $825,000 Lawyers Title Company
Shockley Antoinette R -- None Available
Shockley Walter J -- None Available
Shockley Walter J -- None Available
Shockley Walter J -- Southland Title
Shockley Walter J -- --
Numata Kenichi -- Investors Title Company
Shockley Walter J $165,000 Investors Title Company
Numata Frank Takeo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dalton Cheryl Ann $618,750
Previous Owner Shockley Walter J $138,471
Previous Owner Shockley Walter J $156,000
Previous Owner Shockley Walter J $128,800
Closed Shockley Walter J $24,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $825,000 +0.6% $395 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $820,000 0.0% $393 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $820,000 0.0% $393 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $820,000 -- $393 / 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 $10,706 $875,496 $557,134 $318,362
2024 $10,706 $858,330 $546,210 $312,120
2023 $10,506 $841,500 $535,500 $306,000
2022 $10,027 $825,000 $525,000 $300,000
2021 $3,092 $229,676 $139,200 $90,476
2020 $3,118 $227,322 $137,773 $89,549
2019 $3,007 $222,866 $135,072 $87,794
2018 $2,900 $218,497 $132,424 $86,073
2016 $2,759 $210,015 $127,283 $82,732
2015 $2,722 $206,862 $125,372 $81,490
2014 $2,752 $202,811 $122,917 $79,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-725618

The MLS

APN: 5044-006-003