NOT LISTED FOR SALE

3508 Hyde Park Blvd Los Angeles, CA 90043

Hyde Park Neighborhood

Estimated Value: $1,067,000 - $1,254,000

6 Beds
4 Baths
3,316 Sq Ft
$354/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $685,000 $207 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $7,215/month

7 Days on Market

About This Home

As of February 2017

Unique & Great Investment Opportunity located in Hyde Park submarket & adj to Inglewood. This 4-plex consists of 2 1 Bdrms and 2 2 Bdrms, each unit has their own hot water heater and individually metered for gas & electric. All four unit’s entries are secured by building’s lobby foyer area security gate. Parking is secured by a separate entry gated & lighted parking area alongside of the building.

Property has been upgraded inside and out. All four unit have been well maintained and two of the units have been recently completely refurbished. Exterior improvements include- new entry doors, new window throughout the property, new security bars on the ground floor units and recently repainted. Gas & Electrical paid by Tenant, only water paid by Landlord. Owner’s operating expenses are minimum. Three of the units are Sec 8, property offers an investor with strong rental potential in an area with high demand for housing.

Property is located in the Hyde Park area, North of Florence Ave and four blocks East of the City of Inglewood. The community surrounding property is going through a major redevelopment as two large new apartment communities have been recently built on West Blvd and one is currently under construction across the street from this property.

Last Agent to Sell the Property

James Mann

Coldwell Banker Platinum Prop. License #00546945 Listed on: 01/04/2017

Coldwell Banker Platinum Prop.

Last Buyer's Agent

Kathryn Tomasino

Keller Williams Luxury Homes License #01762787

Keller Williams Luxury Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,833

Year Built

  • Built in 1923

Lot Details

  • 4,200 Sq Ft Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Home Design

  • 3,316 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Listing and Financial Details

  • Tax Lot 466
  • Tax Tract Number 5508
  • Assessor Parcel Number 4006020002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $240
  • Insurance Expense $719
  • Other Expense $500
  • Water Sewer Expense $1,020
  • New Taxes Expense $7,000
  • Operating Expense $9,749
  • Gross Income $57,120
  • Net Operating Income $45,657

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,833

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 6.80
  • Property Attached: Yes
  • Water Sewer Expenses: 1020.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 240.00
  • Parcel Number: 4006020002
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 206.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 4200.00

Multi Family

  • Gross Income: 57120.00
  • Gross Multiplier: 11.80
  • Gross Scheduled Income: 57120.00
  • Insurance Expense: 719.00
  • Net Operating Income: 45657.00
  • 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: 9749.00
  • Other Expense: 500.00
  • Rent Control: Yes
  • Total Expenses: 9749.00
  • Vacancy Allowance: 1714

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Census Tract: 2349.02
  • Tax Lot: 466
  • Tax Tract Number: 5508

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2020
Sold by
Lamothe Christopher
Bought by
Lamothe Christopher and The Christopher Lamothe Living
Current Estimated Value
$1,173,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$592,069
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$536,436

Purchase Details

Listed on
Jan 4, 2017
Closed on
Feb 7, 2017
Sold by
Leigh Levon
Bought by
Lamothe Christopher and Christopher Lamothe Living Trust
Seller's Agent
James Mann
Coldwell Banker Platinum Prop.
Buyer's Agent
Kathryn Tomasino
Keller Williams Luxury Homes
List Price
$675,000
Sold Price
$685,000
Premium/Discount to List
$10,000
1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$513,750
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2004
Sold by
Leigh Levon
Bought by
Leigh Levon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2001
Sold by
Hud
Bought by
Leigh Levon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.04%

Purchase Details

Closed on
Mar 1, 2001
Sold by
Noble Fadil
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Aug 20, 1999
Sold by
Delphine Group Llc
Bought by
Noble Fadil and Meyer Mindy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,201
Interest Rate
7.56%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 5, 1999
Sold by
Evans Donald M
Bought by
Delphine Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 1999
Sold by
Ward Sigalit
Bought by
Ward John S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 1999
Sold by
Evans Donald M
Bought by
Evans Donald M and Ward Johns

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 1998
Sold by
Akanno Bernice
Bought by
Evans Donald M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
7.13%
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
Lamothe Christopher -- Accommodation
Lamothe Christopher -- First American Ttl San Diego
Lamothe Christopher $685,000 Lawyers Title
Leigh Levon -- Lawyers Title
Leigh Levon -- New Century Title Company
Leigh Levon $185,000 Commonwealth Land Title Co
Chase Manhattan Mtg Corp $285,118 First American Title Ins Co
Noble Fadil $270,000 United Title Company
Delphine Group Llc -- United Title Company
Ward John S -- United Title
Evans Donald M -- United Title Company
Evans Donald M -- United Title Company
Evans Donald M $115,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamothe Christopher $665,000
Closed Lamothe Christopher $513,750
Previous Owner Leigh Levon $360,000
Previous Owner Leigh Levon $100,000
Previous Owner Leigh Levon $148,000
Previous Owner Noble Fadil $268,201
Previous Owner Evans Donald M $164,000
Previous Owner Evans Donald M $164,000
Previous Owner Evans Donald M $157,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2017 02/24/17 Sold $685,000 +1.5% $207 / Sq Ft
01/04/2017 01/04/17 For Sale $675,000 -- $204 / 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
2025 $9,833 $794,994 $533,866 $261,128
2024 $9,833 $779,407 $523,399 $256,008
2023 $9,651 $764,126 $513,137 $250,989
2022 $9,215 $749,144 $503,076 $246,068
2021 $9,087 $734,456 $493,212 $241,244
2019 $8,821 $712,674 $478,584 $234,090
2018 $8,755 $698,700 $469,200 $229,500
2016 $4,633 $359,396 $174,706 $184,690
2015 $4,569 $353,998 $172,082 $181,916
2014 $4,610 $347,065 $168,712 $178,353
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Mann

    Coldwell Banker Platinum Prop.

    Section Image
  • Kathryn Tomasino

    Buyer's Agent in 2017

    Kathryn Tomasino

    Keller Williams Luxury Homes

    (760) 333-9990

    90 Total Sales

    Kathryn Tomasino
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17002319

California Regional Multiple Listing Service (CRMLS)

APN: 4006-020-002

California Los Angeles County Los Angeles 90043 Hyde Park

3508 Hyde Park Blvd, Los Angeles, CA

This home is located at 3508 Hyde Park Blvd, Los Angeles, CA 90043 since 04 January 2017 and is currently estimated at $1,173,835, approximately $353 per square foot. This property was built in 1923. 3508 Hyde Park Blvd is a home located in Los Angeles County with nearby schools including Yes Academy, Horace Mann Ucla Community, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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