NOT LISTED FOR SALE

Estimated Value: $1,202,000 - $1,620,000

9 Beds
6 Baths
3,144 Sq Ft
$422/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $1,121,000 $357 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,189/month

25 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • 2 Car Garage
  • No HOA
  • Landscaped
  • Turnkey

About This Home

As of May 2021

Renovated Triplex ! THREE 3 bedroom 2 bath Units near Sofi Stadium, Hollywood park and the 405 and 105 freeways . Located in sought after area of Hyde Park neighborhood this Multi Unit property generates $6,482.44 a month in rental income. Fully Occupied With a Cap rate of over 5% this is the Perfect Buy and Hold opportunity for an investor looking to add or start their Real estate investment portfolio. Property boast 3144 sq. ft of living space making each one of the units large with a Beautiful open concept floor plan. Total of 9 bedrooms and 6 baths plus TWO 1 car garages ,Two Carport Assigned parking spots ,community laundry room ,common area grounds for tenants, 8 parking spaces, 3 water meters, 3 gas meters, 4 electrical meters and Thousand of dollars in renovation. Located on a tree lined residential street and a skip and a hop from the Newly Revamped City of Inglewood, Hollywood Bowl,Sofi Stadium

Last Agent to Sell the Property

Josephine San Lucas

KELLER WILLIAMS LARCHMONT License #01308257 Listed on: 02/02/2021

KELLER WILLIAMS LARCHMONT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,949

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 5,876 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Single Garage Door
  • Driveway
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Triplex
  • Turnkey

Interior Spaces

  • 3,144 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, trash collection, water
  • Tax Lot 496
  • Tax Tract Number 2352
  • Assessor Parcel Number 4006021007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $420
  • Insurance Expense $1,900
  • Trash Expense $1,973
  • Water Sewer Expense $600
  • New Taxes Expense $14,226
  • Operating Expense $19,268
  • Gross Income $77,789
  • Net Operating Income $72,896

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,949

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LAC2
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 4006021007
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Price Per Square Foot: 356.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Driveway, Garage, Garage - Single Door, Off Street, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1973.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 5876.00
  • Lot Size Acres: 0.1349

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average3 Bed Area: 1048 Square Feet
  • Gross Income: 77789.00
  • Gross Scheduled Income: 77789.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 5876.0000 Square Feet
  • Net Operating Income: 72896.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 4893.00
  • Rent Control: Yes
  • Total Actual Rent: 6482.44
  • Total Expenses: 19268.00

Tax Info

  • New Taxes Expense: 14226.00
  • Tax Census Tract: 2352.02
  • Tax Lot: 496
  • Tax Tract Number: 2352.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2019
Closed on
Oct 29, 2019
Sold by
3530 W 67Th Street Llc
Bought by
Lam Juliana L and The Juliana L Lam Revocable Li
Seller's Agent
Jeff Lemen
Carolwood Estates
Buyer's Agent
John Stiegler II
Lyon Stahl Investment Real Estate, Inc.
List Price
$900,000
Sold Price
$965,000
Premium/Discount to List
$65,000
7.22%
Current Estimated Value
$1,326,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,604
Avg. Annual Appreciation
5.57%
Original Mortgage
$723,750
Outstanding Balance
$636,612
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$689,992

Purchase Details

Closed on
Jan 18, 2017
Sold by
Levbern Properties Llc
Bought by
3530 W 67Th Street Llc

Purchase Details

Listed on
Jun 13, 2012
Closed on
Jul 20, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Levbern Properties Llc
Seller's Agent
Ron Cooper
R.S. Cooper & Assocs Realty
Buyer's Agent
Jeff Lemen
Carolwood Estates
List Price
$354,900
Sold Price
$332,500
Premium/Discount to List
-$22,400
-6.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.03%

Purchase Details

Closed on
Jun 6, 2012
Sold by
Cunningham Clinton E and Trust Of Clinton E Cunningham
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 8, 2007
Sold by
Cunningham Clinton E
Bought by
Cunningham Clinton E and The Trust Of Clinton E Cunning

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
1.5%
Mortgage Type
New Conventional
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
Lam Juliana L $965,000 Usa National Title Co
3530 W 67Th Street Llc -- Chicago Title Company
Levbern Properties Llc $332,500 First American Title Company
Federal Home Loan Mortgage Corporation $482,097 Accommodation
Cunningham Clinton E -- Gateway Title Company
Cunningham Clinton E -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Juliana L $723,750
Previous Owner Cunningham Clinton E $384,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2021 05/04/21 Sold $1,121,000 +0.1% $357 / Sq Ft
04/07/2021 04/07/21 Price Changed $1,120,000 -1.6% $356 / Sq Ft
04/05/2021 04/05/21 For Sale $1,138,000 0.0% $362 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
02/23/2021 02/23/21 Price Changed $1,138,000 -1.0% $362 / Sq Ft
02/15/2021 02/15/21 For Sale $1,150,000 0.0% $366 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $1,150,000 +19.2% $366 / Sq Ft
12/13/2019 12/13/19 Sold $965,000 +7.2% $307 / Sq Ft View Prior Sale
10/29/2019 10/29/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $900,000 +170.7% $286 / Sq Ft
08/08/2012 08/08/12 Sold $332,500 -6.3% $106 / Sq Ft View Prior Sale
07/13/2012 07/13/12 Pending -- -- --
06/13/2012 06/13/12 For Sale $354,900 -- $113 / 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 $14,949 $1,212,322 $487,093 $725,229
2024 $14,740 $1,188,552 $477,543 $711,009
2023 $14,461 $1,165,248 $468,180 $697,068
2022 $13,797 $1,142,400 $459,000 $683,400
2021 $11,914 $974,997 $671,889 $303,108
2020 $12,033 $965,000 $665,000 $300,000
2019 $8,125 $653,371 $416,160 $237,211
2018 $8,026 $640,560 $408,000 $232,560
2016 $4,440 $345,876 $241,853 $104,023
2015 $4,378 $340,682 $238,221 $102,461
2014 $4,413 $334,009 $233,555 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB21021818

California Regional Multiple Listing Service (CRMLS)

APN: 4006-021-007