NOT LISTED FOR SALE

Estimated Value: $928,000 - $1,336,000

8 Beds
4 Baths
3,192 Sq Ft
$365/Sq Ft Est. Value

Sale Details

Date Sold: April 15, 2016

Last sale price $725,000 $227 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $7,222 / mo

49 Days on Market

About This Home

As of April 2016

FHA APPROVED!!!This remodeled 4-unit is in a prime location near Leimert Park and consists of 4 two bedrooms and 1 baths. These charming units have hardwood floors, separate dining rooms, washer/dryer hookup. The property has 3,192 sq ft of living space and sits on a 7,217 sq ft lot. These units have 1 parking space for each unit. All units have been completely renovated from top to bottom w/ hardwood floors, granite counter tops, recessed lighting, new kitchen and baths, new windows. This pride of ownership property is close to restaurants and entertainment venues; within 5-7 minutes to USC and 10 minutes of to DTLA business district, the 10 fwy and 110 fwy are easily accessible. Being in the hub of the future Leimert Park Station, this light rail station is scheduled to be completed in 2019. This area has huge potential growth and rental upside. Don't wait! This property is priced to sell!

Last Agent to Sell the Property

Michael Henderson

Redfin Corporation License #01787868 Listed on: 11/17/2015

Last Buyer's Agent

Susan Kline

RE/MAX of Santa Clarita License #01352901

RE/MAX of Santa Clarita

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 7,217 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Parking Spaces

Home Design

  • 3,192 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 1669
  • Assessor Parcel Number 5042031011

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,436
  • Maintenance Expense $4,032
  • New Taxes Expense $9,438
  • Gross Income $5,600
  • Net Operating Income $46,994

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

7,217 Sq Ft Lot

Listing Details

  • CapRate: 6.20
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5042031011
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 227.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Size Sq Ft: 7217.00
  • Price Per Lot Square Foot: 100.46
  • Lot Size Acres: 0.1660

Multi Family

  • Gross Income: 5600.00
  • Gross Multiplier: 11.24
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1436.00
  • Lot Size Area: 7217.0000 Square Feet
  • Maintenance Expense: 4032.00
  • Net Operating Income: 46994.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20206.00
  • Rent Control: Yes
  • Total Actual Rent: 5600.00

Tax Info

  • New Taxes Expense: 9438.00
  • Tax Lot: 29
  • Tax Tract Number: 1669

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
Apr 10, 2025
Sold by
Bought by
Current Estimated Value
$1,163,667

Purchase Details

Listed on
Nov 17, 2015
Closed on
Mar 21, 2016
Sold by
Bought by
Seller's Agent
Michael Henderson
Redfin Corporation
Buyer's Agent
Susan Kline
RE/MAX of Santa Clarita
List Price
$755,000
Sold Price
$725,000
Premium/Discount to List
-$30,000
-3.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$651,200
Interest Rate
0.0364%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 13, 2014
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
$123,900
Interest Rate
0.0409%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 8, 2014
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
$123,900
Interest Rate
0.0409%
Mortgage Type
Unknown

Purchase Details

Closed on
May 19, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 23, 2005
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
$387,100
Interest Rate
0.085%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 19, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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 Listed On Document
$725,000 Provident Title Company
$275,000 Nations Title Company
-- Accommodation
-- None Available
$324,000 Accommodation
-- --
-- --
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 $674,200
Previous Owner $686,000
Previous Owner $651,200
Previous Owner $396,500
Previous Owner $123,900
Previous Owner $292,000
Previous Owner $110,000
Previous Owner $387,100
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
04/15/2016 04/15/16 Sold $725,000 -4.0% $227 / Sq Ft
01/05/2016 01/05/16 Pending -- -- --
11/17/2015 11/17/15 For Sale $755,000 +319.4% $237 / Sq Ft
03/24/2014 03/24/14 Sold $180,000 0.0% $56 / Sq Ft View Prior Sale
01/30/2014 01/30/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $180,000 -- $56 / 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 $10,801 $858,249 $514,949 $343,300
2024 $10,653 $841,421 $504,852 $336,569
2023 $10,456 $824,923 $494,953 $329,970
2022 $9,985 $808,749 $485,249 $323,500
2021 $9,850 $792,892 $475,735 $317,157
2019 $9,563 $769,375 $461,625 $307,750
2018 $9,458 $754,290 $452,574 $301,716
2016 $6,742 $533,005 $319,803 $213,202
2015 $6,647 $525,000 $315,000 $210,000
2014 $6,515 $500,000 $375,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15248292

California Regional Multiple Listing Service (CRMLS)

APN: 5042-031-011

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