NOT LISTED FOR SALE

3548 Schaefer St Unit 2 Culver City, CA 90232

Estimated Value: $2,042,000 - $2,719,000

6 Beds
4 Baths
2,479 Sq Ft
$969/Sq Ft Est. Value

Last Sold April 11, 2019

Last sale price $1,425,000 $575 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $15,190/month

147 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • Laundry Room
  • Linwood E. Howe Elementary School Rated A-
  • No HOA
  • Floor Furnace

About This Home

As of April 2019

BACK ON THE MARKET!!!Charming 2 unit property walking distance from downtown Culver City and the Metro line. Front unit is a 4 bed 2 bath and back unit is a 2 story with downstairs kitchen and living room with upstairs containing 2 bed 2 bath. Property was added on in 2007 with permits. Great for owner occupy in one unit and rental income on the back unit.

Last Agent to Sell the Property

Ezequiel Barba

Crestico Realty License #01724497 Listed on: 10/16/2018

Last Buyer's Agent

Lawrence King

eXp Realty of California Inc License #01953575

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,403 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 2,479 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • City Lights Views
  • Gas Cooktop

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Exterior Lighting
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 328
  • Tax Tract Number 4161
  • Assessor Parcel Number 4206002016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $500
  • Fuel Expense $500
  • Insurance Expense $800
  • Trash Expense $25
  • Water Sewer Expense $500
  • New Taxes Expense $2,000
  • Operating Expense $4,325
  • Gross Income $24,000
  • Net Operating Income $12,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

5,403 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: CCR2YY
  • Property Type: Residential Income
  • Parcel Number: 4206002016
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 574.83

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Heating Type: Floor Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 25.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5403.00
  • Lot Size Acres: 0.1240

Multi Family

  • Electric Expense: 500.00
  • Fuel Expense: 500.00
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5403.0000 Square Feet
  • Net Operating Income: 12000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Expenses: 4325.00

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Census Tract: 7024.00
  • Tax Lot: 328
  • Tax Tract Number: 4161

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2022
Sold by
Elk Real Estate Advisors Inc
Bought by
3548 Schaefer Venture Llc
Current Estimated Value
$2,403,053

Purchase Details

Listed on
Oct 16, 2018
Closed on
Mar 14, 2019
Sold by
Sepulveda Polly Corine and Sepulveda Francisco Javier
Bought by
Wehowood Properties Llc
Seller's Agent
Ezequiel Barba
Crestico Realty
Buyer's Agent
Lawrence King
eXp Realty of California Inc
List Price
$1,859,000
Sold Price
$1,425,000
Premium/Discount to List
-$434,000
-23.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%

Purchase Details

Closed on
May 23, 2016
Sold by
Sepulveda Polly
Bought by
Sepulveda Francisco Javier and Sepulveda Polly Corine

Purchase Details

Closed on
Aug 8, 2013
Sold by
Sepulveda Polly
Bought by
Sepulveda Polly and Sepulveda Francisco

Purchase Details

Closed on
Feb 14, 2007
Sold by
Sepulveda Francisco J and Sepulveda Polly
Bought by
Sepulveda Polly

Purchase Details

Closed on
Nov 28, 2006
Sold by
Sepulveda Francisco J
Bought by
Sepulveda Francisco J

Purchase Details

Closed on
Oct 31, 2006
Sold by
Sepulveda Polly
Bought by
Sepulveda Francisco J

Purchase Details

Closed on
Jul 17, 2003
Sold by
Sepulveda Francisco J and Sepulveda Polly
Bought by
Sepulveda Polly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
3548 Schaefer Venture Llc -- None Listed On Document
Wehowood Properties Llc $1,425,000 Pacific Coast Title Company
Sepulveda Francisco Javier -- None Available
Sepulveda Polly -- Boston National Title Llc
Sepulveda Polly -- None Available
Sepulveda Francisco J -- Ticor Title
Sepulveda Francisco J -- Accommodation
Sepulveda Polly -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sepulveda Polly $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2019 04/11/19 Sold $1,425,000 -12.5% $575 / Sq Ft
02/21/2019 02/21/19 Price Changed $1,629,000 -7.4% $657 / Sq Ft
01/21/2019 01/21/19 Price Changed $1,759,000 -1.7% $710 / Sq Ft
01/10/2019 01/10/19 Price Changed $1,789,000 -3.8% $722 / Sq Ft
10/16/2018 10/16/18 For Sale $1,859,000 -- $750 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $30,603 $2,573,429 $2,255,067 $318,362
2024 $30,603 $2,522,970 $2,210,850 $312,120
2023 $29,365 $2,473,500 $2,167,500 $306,000
2022 $27,882 $2,425,000 $2,125,000 $300,000
2021 $17,847 $1,468,557 $1,102,706 $365,851
2020 $17,561 $1,453,500 $1,091,400 $362,100
2019 $7,191 $494,818 $341,107 $153,711
2018 $6,944 $485,117 $334,419 $150,698
2016 $6,330 $466,282 $321,434 $144,848
2015 $6,301 $459,279 $316,606 $142,673
2014 $6,339 $450,284 $310,405 $139,879
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN18251397

California Regional Multiple Listing Service (CRMLS)

APN: 4206-002-016

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