NOT LISTED FOR SALE
10 Beds
9 Baths
5,030 Sq Ft
7,511 Sq Ft Lot

Sale Details

Date Sold: July 26, 2021

Last sale price $2,265,250 $450 Per Sq Ft

141 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • 4 Car Garage
  • Palms Middle School Rated A-

About This Home

As of July 2021

Nine unit apartment building in the heart of Palms on rapidly evolving Motor Avenue. Front building consists of eight, one-bedroom units plus a laundry room. The two-bedroom unit is over four single garages at the rear of the lot. Additional income from laundry, garages and billboard. Property is zoned MU (EC) and has a TOC Tier 3 designation which allows for up to 70% density bonus and other development advantages. Great location near Culver City, Cheviot Hills, and the Expo line station in Palms. Property is being sold in "as-is" condition with no representations, warranties, or guaranties from the Seller.

Last Agent to Sell the Property

Dannie Cavanaugh

Cavanaugh Realtors License #00576151 Listed on: 01/25/2021

Last Buyer's Agent

Eho Lin

The Turtle Group Capital, Inc. License #01042425

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,511 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces

Home Design

  • Traditional Architecture

Interior Spaces

  • 5,030 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4314-008-034

Community Details

Overview

  • 3 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

7,511 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 5030
  • Lot Acreage: 0.1724
  • Lot Dimensions: 50 x 150
  • Probate: No
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Laundry: Community, Room
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 487.08

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 2
  • Covered Parking: 4
  • Parking Garage: Garage, Uncovered
  • Total Parking: 6

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 54.17
  • Assessed Improvement Value: 248733
  • Assessed Land Percent: 45.83
  • Assessed Land Value: 210459
  • Total Assessed Value: 459192
  • Assessor Parcel Number: 4314-008-034
  • Lot Size Area: 7511

Rental Info

  • Total Actual Rent: 149967.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.30
  • Number Of Units: 9
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/26/2021 07/26/21 Sold $2,265,250 -7.5% $450 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
05/18/2021 05/18/21 Price Changed $2,450,000 -5.8% $487 / Sq Ft
03/01/2021 03/01/21 For Sale $2,600,000 0.0% $517 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $2,600,000 -- $517 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $29,825 $2,403,635 $1,697,932 $705,703
2024 $29,483 $2,356,506 $1,664,640 $691,866
2023 $28,925 $2,310,300 $1,632,000 $678,300
2022 $27,610 $2,265,000 $1,600,000 $665,000
2021 $6,956 $492,343 $225,653 $266,690
2020 $7,013 $487,296 $223,340 $263,956
2019 $6,775 $477,742 $218,961 $258,781
2018 $6,630 $468,375 $214,668 $253,707
2016 $6,273 $450,189 $206,333 $243,856
2015 $6,193 $443,428 $203,234 $240,194
2014 $6,274 $434,742 $199,253 $235,489
Source: Public Records

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Map

Source: The MLS

MLS Number: 21-684138

The MLS
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