NOT LISTED FOR SALE

Estimated Value: $965,000 - $1,121,147

4 Beds
3 Baths
2,426 Sq Ft
$425/Sq Ft Est. Value

Last Sold December 22, 2014

Last sale price $489,900 $202 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $6,026/month

13 Days on Market

Highlights

  • Spanish Architecture
  • Tile Flooring
  • Ceiling Fan
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of December 2014

An absolute stunning remodeled LA duplex home ready for move in today! Step inside the front unit and gaze upon the new gorgeous laminate hardwood flooring throughout the living, hallway, and dining room areas! This front unit features a brand new chef’s kitchen with beautiful shaker cabinets, central heating and air, completely remodeled bathrooms. One of the completely remodeled bathrooms sits in its very own master bedroom. The back unit has also been completely remodeled and also features a brand new kitchen, a completely remodeled bathroom, and stunning new laminate hardwood flooring. Both units come complete with brand new interior/exterior paint, brand new light fixtures, laundry hookups, a 3-car garage, brand new carpet in all bedrooms, and new landscaping out front. Located within minutes of schools, parks, LAX, Hollywood Park, and the 405 freeway. This amazing find is a wonderful owner/investor opportunity that will not be available for long, so hurry and stop by today to see for yourself!!

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 10/23/2014

Last Buyer's Agent

Mike Medina

California Properties & Realty License #01463714

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,598

Year Built

  • Built in 1936

Lot Details

  • 6,397 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Brick Fence
  • Front Yard Sprinklers

Parking

  • 3 Car Garage

Home Design

  • Spanish Architecture
  • Raised Foundation
  • Tile Roof
  • Clay Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 10880
  • Assessor Parcel Number 4004033037

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $2,600
  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,598

Year Built

Built in 1936

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 4004033037
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Tile
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 201.94
  • Room Type: Living Room

Exterior Features

  • Foundation: Raised
  • Fencing: Brick, Block
  • Pool Private: No
  • Roof: Clay, Tile

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Natural Gas
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 6397.00
  • Lot Size Acres: 0.1470

Multi Family

  • Gross Income: 2600.00
  • Gross Scheduled Income: 31200.00
  • Lot Size Area: 6397.0000 Square Feet
  • Net Operating Income: 31200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 10880
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2014
Closed on
Nov 20, 2014
Sold by
Ocean Ridge Equities Llc
Bought by
Chavez Brenda F
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Mike Medina
California Properties & Realty
List Price
$489,900
Sold Price
$489,900
Current Estimated Value
$1,030,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,387
Avg. Annual Appreciation
7.09%
Original Mortgage
$481,026
Outstanding Balance
$368,482
Interest Rate
4%
Mortgage Type
FHA
Estimated Equity
$661,805

Purchase Details

Closed on
Jun 16, 2014
Sold by
Spurlin Louise D and Financial Freedom Senior Fundi
Bought by
Ocean Ridge Equities Llc

Purchase Details

Closed on
Aug 12, 1993
Sold by
Cotwright Ricardo and Cotwright Patricia
Bought by
Spurlin Louise D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.99%
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
Chavez Brenda F $490,000 Title 365
Ocean Ridge Equities Llc $339,475 Title 365
Spurlin Louise D -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Brenda F $481,026
Previous Owner Spurlin Louise D $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2014 12/22/14 Sold $489,900 0.0% $202 / Sq Ft
11/05/2014 11/05/14 Pending -- -- --
10/23/2014 10/23/14 For Sale $489,900 -- $202 / 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 $7,598 $618,174 $348,411 $269,763
2024 $7,598 $606,054 $341,580 $264,474
2023 $7,457 $594,172 $334,883 $259,289
2022 $7,121 $582,522 $328,317 $254,205
2021 $7,021 $571,101 $321,880 $249,221
2020 $7,088 $565,246 $318,580 $246,666
2019 $6,814 $554,164 $312,334 $241,830
2018 $6,698 $543,299 $306,210 $237,089
2016 $6,092 $497,370 $294,320 $203,050
2015 $6,004 $489,900 $289,900 $200,000
2014 $2,280 $172,236 $62,672 $109,564
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14227245

California Regional Multiple Listing Service (CRMLS)

APN: 4004-033-037