NOT LISTED FOR SALE

Estimated Value: $1,025,000 - $1,320,000

4 Beds
4 Baths
1,842 Sq Ft
$658/Sq Ft Est. Value

Last Sold November 08, 2023

Last sale price $1,150,000 $624 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,594/month

8 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • No HOA
  • Wood Flooring
  • Lawn
  • Living Room

About This Home

As of November 2023

A tremendously rare opportunity to acquire a fully vacant 4 Unit property in a designated Opportunity Zone within the city of Los Angeles at the border of West Adams and Jefferson Park neighborhood. This one-story multifamily property totals 1,842 SF in size with a good mix of 2 bedroom and 2 studio units, all vacant and in rent ready condition for immediate occupancy. The entire corner lot size is 7,352sf in size, zoned LA-RD2, and comes with one attached garage and a separate detached garage that can be converted into an ADU in the future. Strong short & long term rental location in Jefferson Park & West Adams near tons of major new developments and the Metro Expo Line. This one won't last!

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 08/30/2023

Last Buyer's Agent

Yonnine Hawkins

Chase Skye Realty Group License #01715650

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,257

Year Built

  • Built in 1951

Lot Details

  • 7,327 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Wood Fence
  • Corner Lot
  • Lawn
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,842 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 55
  • Tax Tract Number 7127
  • Assessor Parcel Number 5044008038

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $25,202
  • Gross Income $97,200
  • Net Operating Income $70,054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,257

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • CapRate: 6.00
  • Price Per Unit: 312500
  • Property Attached: Yes
  • View: No
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5044008038
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Carpet, Laminate, Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 624.32
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Lawn
  • Lot Size Sq Ft: 7327.00
  • Lot Size Acres: 0.1682

Multi Family

  • Gross Income: 97200.00
  • Gross Multiplier: 12.09
  • Gross Scheduled Income: 97200.00
  • Lot Size Area: 7327.0000 Square Feet
  • Net Operating Income: 70054.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25202.00
  • Rent Control: Yes
  • Total Expenses: 25202.00

Tax Info

  • Tax Census Tract: 2193.00
  • Tax Lot: 55
  • Tax Tract Number: 7127

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2023
Closed on
Nov 6, 2023
Sold by
Cnp 99 Llc
Bought by
Evans Montana and Evans William
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Yonnine Hawkins
Chase Skye Realty Group
List Price
$1,175,000
Sold Price
$1,150,000
Premium/Discount to List
-$25,000
-2.13%
Views
120
Current Estimated Value
$1,211,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,936
Avg. Annual Appreciation
2.73%
Original Mortgage
$920,000
Outstanding Balance
$903,359
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$308,577

Purchase Details

Listed on
Aug 30, 2023
Closed on
Nov 3, 2023
Sold by
Evans Mikko
Bought by
Evans William
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Yonnine Hawkins
Chase Skye Realty Group
List Price
$1,175,000
Sold Price
$1,150,000
Premium/Discount to List
-$25,000
-2.13%
Views
120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Outstanding Balance
$903,359
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$308,577

Purchase Details

Listed on
Feb 27, 2019
Closed on
Mar 7, 2019
Sold by
Progressive Properties Llc
Bought by
Cnp 99 Llc
Seller's Agent
Barrington Malcolm
The Agency
Buyer's Agent
Max Fitzgerald
Real Brokerage Technologies
List Price
$749,999
Sold Price
$760,000
Premium/Discount to List
$10,001
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%

Purchase Details

Closed on
Apr 7, 2018
Sold by
Cravin Joseph Ramon
Bought by
Joseph Cravin Nathandra L

Purchase Details

Closed on
Feb 26, 2018
Sold by
Joseph Cravin Nathandra L
Bought by
Progressive Properties Llc

Purchase Details

Closed on
Apr 26, 2007
Sold by
Cravin Nathandra Larue
Bought by
Cravin Nathandra L Joseph

Purchase Details

Closed on
Mar 23, 2007
Sold by
Stevens Eleanor
Bought by
Cravin Nathandra Larue and Stevens Eleanor

Purchase Details

Closed on
Dec 30, 2004
Sold by
Stevens Eleanor S
Bought by
Stevens Eleanor S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2000
Sold by
Stevens Eleanor S
Bought by
Joseph Nathandra

Purchase Details

Closed on
Nov 26, 1997
Sold by
Stevens Eleanor S
Bought by
Stevens Eleanor S and Stevens Rufus
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
Evans Montana $1,150,000 Provident Title
Evans William -- Provident Title Company
Cnp 99 Llc $760,000 Old Republic Title Company
Joseph Cravin Nathandra L -- Old Republic Title Company
Progressive Properties Llc $300,000 Old Republic Title
Cravin Nathandra L Joseph -- None Available
Cravin Nathandra Larue -- None Available
Cravin Nathandra Larue -- None Available
Stevens Eleanor S -- First American Title Co
Joseph Nathandra -- --
Stevens Eleanor S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evans Montana $920,000
Previous Owner Stevens Eleanor S $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2023 11/08/23 Sold $1,150,000 -8.0% $624 / Sq Ft
10/03/2023 10/03/23 Price Changed $1,250,000 +6.4% $679 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $1,175,000 +54.6% $638 / Sq Ft
03/21/2019 03/21/19 Sold $760,000 +1.3% $413 / Sq Ft View Prior Sale
03/07/2019 03/07/19 Pending -- -- --
02/27/2019 02/27/19 For Sale $749,999 -- $407 / 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 $14,257 $1,173,000 $759,900 $413,100
2024 $14,257 $1,150,000 $745,000 $405,000
2023 $10,238 $814,870 $643,320 $171,550
2022 $9,774 $798,893 $630,706 $168,187
2021 $9,650 $783,230 $618,340 $164,890
2020 $9,747 $775,200 $612,000 $163,200
2019 $794 $693,600 $489,600 $204,000
2018 $3,532 $270,046 $181,764 $88,282
2016 $3,369 $259,560 $174,706 $84,854
2015 $3,323 $255,662 $172,082 $83,580
2014 $3,361 $250,655 $168,712 $81,943
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23111158

California Regional Multiple Listing Service (CRMLS)

APN: 5044-008-038