NOT LISTED FOR SALE

Estimated Value: $1,055,000 - $1,264,000

4 Beds
3 Baths
2,234 Sq Ft
$508/Sq Ft Est. Value

Last Sold July 16, 2015

Last sale price $583,500 $261 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $6,734/month

19 Days on Market

About This Home

As of July 2015

***Excellent Income Property with projected cap of 7.3% *** Located in a very nice and quiet neighborhood. Three legal vacant units are all remodeled and in move in condition. Detached rear house has 3 bedrooms and one bath room with a private back yard. Each of the front units has Two bedrooms and one bath room. Parking spaces in the front and back yard. An owner user can enjoy living in one unit while two tenants cover the mortgage payments. Rare in Los Angeles: Three separate Electrical, Gas AND separate WATER meters! So the owner will not pay for ANY utilities! It's located half a block from the new metro line that will connects USC to the beach. All the units are vacant and rent amounts are projected.

Last Agent to Sell the Property

Shawn Raoufpour

Cyrus Raoufpur License #01256971 Listed on: 05/01/2015

Last Buyer's Agent

Scott Harvey

Figure 8 Realty License #01963157

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,526

Year Built

  • Built in 1929

Lot Details

  • 5,748

Home Design

  • Triplex

Interior Spaces

  • 2,234 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Additional Features

  • 5,748 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5044-024-037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,526

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2234
  • Stories: 1
  • Year Built: 1929
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 268.13

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Parking Space, Uncovered
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas

Fee Information

  • Insurance Expense: 1050.00

Lot Info

  • Assessed Improvement Value: 86084
  • Assessed Land Value: 68212
  • Assessor Parcel Number: 5044-024-037
  • Geocode Override: No
  • Lot Size Area: 5748

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.30
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 8672
  • Type Of Units: 3plex
  • Vacancy Rate: 100

Tax Info

  • Tax Expense: 7550.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2020
Sold by
Harvey Scott John
Bought by
Omi Investments Llc
Current Estimated Value
$1,135,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Outstanding Balance
$505,099
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$630,833

Purchase Details

Closed on
May 3, 2019
Sold by
Harvey Scott John
Bought by
Omi Investments Llc

Purchase Details

Listed on
May 1, 2015
Closed on
Jun 5, 2015
Sold by
Alanoori Shakib and Raoufpour Shahriar
Bought by
Harvey Scott John
Seller's Agent
Shawn Raoufpour
Cyrus Raoufpur
Buyer's Agent
Scott Harvey
Figure 8 Realty
List Price
$599,000
Sold Price
$583,500
Premium/Discount to List
-$15,500
-2.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$400,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 23, 2014
Closed on
Apr 7, 2014
Sold by
Hazany Elham
Bought by
Toumari Arman
Seller's Agent
Phil Seymour
Keller Williams Studio City
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.99%

Purchase Details

Listed on
Jan 23, 2014
Closed on
Apr 1, 2014
Sold by
Grobstein Howard
Bought by
Alanoori Shakib and Kavosh Jacob
Seller's Agent
Phil Seymour
Keller Williams Studio City
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Omi Investments Llc -- Lawyers Title Company
Harvey Scott John -- Lawyers Title Company
Omi Investments Llc -- Old Republic Title Company
Harvey Scott John $583,500 Old Republic Title
Toumari Arman -- Wfg Title Company
Raoufpour Shahriar -- Wfg Title Company
Kavosh Jacob -- Wfg Title Company
Alanoori Shakib $365,000 Wfg Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvey Scott John $570,000
Previous Owner Harvey Scott John $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2015 07/16/15 Sold $583,500 -2.6% $261 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $599,000 +64.1% $268 / Sq Ft
04/18/2014 04/18/14 Sold $365,000 -2.7% $163 / Sq Ft View Prior Sale
03/28/2014 03/28/14 Pending -- -- --
01/23/2014 01/23/14 For Sale $375,000 -- $168 / 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 $8,526 $690,738 $482,986 $207,752
2024 $8,526 $677,195 $473,516 $203,679
2023 $8,369 $663,918 $464,232 $199,686
2022 $7,990 $650,901 $455,130 $195,771
2021 $7,883 $638,139 $446,206 $191,933
2020 $7,961 $632,056 $441,631 $190,425
2019 $7,653 $619,673 $432,972 $186,701
2018 $7,569 $607,533 $424,483 $183,050
2016 $7,229 $583,500 $408,000 $175,500
2015 $4,712 $372,292 $270,294 $101,998
2014 -- $154,296 $68,212 $86,084
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-903963

The MLS

APN: 5044-024-037