NOT LISTED FOR SALE

358 W 41st St Los Angeles, CA 90037

Historic South Central Neighborhood

Estimated Value: $929,000 - $1,227,913

8 Beds
5 Baths
3,484 Sq Ft
$302/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $800,000 $230 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,617/month

55 Days on Market

About This Home

As of November 2018

The owner of this beautiful 4-Unit apartment building on 41st Street and Broadway has operated a very clean building and has already added value to two of the four units. The seller has completed considerable renovations to both units #1 and #4 with upgrades totaling $26,000 for each unit. Those upgrades include laminate flooring throughout, granite counter tops, brand new cabinets and stainless-steel appliances. Units #2 and #3 still offer an investor the ability to add value, and later bring rents to market. With a roof that does not need to be replaced, copper plumbing throughout, brand new windows for the entire property - a new investor has the opportunity to concentrate their capital expenditure on units #2 and #3 where an increase in rents can be achieved.

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 07/13/2018

Last Buyer's Agent

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 07/13/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,162

Year Built

  • Built in 1964

Lot Details

  • 5,202 Sq Ft Lot

Interior Spaces

  • 3,484 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Gated Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5111-005-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,162

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3484
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 243.69

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 182428
  • Assessed Land Value: 70157
  • Assessor Parcel Number: 5111-005-005
  • Geocode Override: No
  • Lot Size Area: 5202

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.35
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 22122
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2022
Sold by
Kirksey Robin
Bought by
Kirkfam Revocable Trust
Current Estimated Value
$1,051,978

Purchase Details

Closed on
Feb 11, 2021
Sold by
Kirksey Monia
Bought by
Kirksey Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2018
Sold by
Daron Campbell Capital Llc
Bought by
Kirksey Robin and Kirksey Monia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2017
Sold by
Minatri Enterprise Llc
Bought by
Daron Campbell Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2016
Sold by
Hasson Henrietta Florence
Bought by
Minatri Enterprise Llc

Purchase Details

Closed on
Jan 5, 2006
Sold by
Ruiz Lupe
Bought by
Ramirez Neleyda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 2, 2000
Sold by
Hasson Felton
Bought by
Hasson Felton and Hasson Henrietta F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.41%

Purchase Details

Closed on
Mar 24, 1999
Sold by
Hasson Felton
Bought by
Hasson Felton and Hasson Henrietta F

Purchase Details

Closed on
Jan 29, 1997
Sold by
Hasson Lorene V
Bought by
Hasson Felton and Hasson Henrietta Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.56%
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
Kirkfam Revocable Trust -- --
Kirksey Robin -- Ticor Title
Kirksey Robin $810,000 Fidelity National Title Comp
Daron Campbell Capital Llc $650,000 Fidelity National Title Co
Minatri Enterprise Llc -- None Available
Ramirez Neleyda $390,000 Stewart Title Company
Hasson Felton -- Old Republic Title
Hasson Felton -- --
Hasson Felton $180,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kirksey Robin $605,000
Previous Owner Kirksey Robin $600,000
Previous Owner Daron Campbell Capital Llc $189,945
Previous Owner Daron Campbell Capital Llc $487,500
Previous Owner Hasson Felton $420,000
Previous Owner Hasson Felton $315,000
Previous Owner Ramirez Neleyda $312,000
Previous Owner Hasson Felton $281,250
Previous Owner Hasson Felton $245,000
Previous Owner Hasson Felton $230,000
Previous Owner Hasson Felton $200,000
Previous Owner Hasson Felton $48,000
Previous Owner Hasson Felton $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $800,000 -5.8% $230 / Sq Ft
09/06/2018 09/06/18 For Sale $849,000 0.0% $244 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
08/09/2018 08/09/18 Price Changed $849,000 -8.2% $244 / Sq Ft
07/13/2018 07/13/18 For Sale $925,000 -- $265 / Sq Ft
Source: The MLS

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 $11,162 $903,566 $501,981 $401,585
2024 $11,162 $885,850 $492,139 $393,711
2023 $12,049 $960,000 $560,000 $400,000
2022 $10,450 $851,454 $473,030 $378,424
2021 $10,310 $834,759 $463,755 $371,004
2020 $10,410 $826,200 $459,000 $367,200
2019 $10,007 $810,000 $450,000 $360,000
2018 $8,169 $650,000 $400,000 $250,000
2016 $3,290 $247,633 $68,782 $178,851
2015 $3,247 $243,914 $67,749 $176,165
2014 $3,283 $239,137 $66,422 $172,715
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    David Harrington

    Matthews Real Estate Investment Services

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Map

Source: The MLS

MLS Number: 18-365050

The MLS

APN: 5111-005-005

California Los Angeles County Los Angeles 90037 Historic South Central

358 W 41st St, Los Angeles, CA

This home is located at 358 W 41st St, Los Angeles, CA 90037 since 13 July 2018 and is currently estimated at $1,051,978, approximately $301 per square foot. This property was built in 1964. 358 W 41st St is a home located in Los Angeles County with nearby schools including West Vernon Avenue Elementary School, William Jefferson Clinton Middle School, and Thomas Jefferson Senior High School.

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