NOT LISTED FOR SALE

Estimated Value: $872,000 - $1,008,000

1 Bed
4 Baths
1,740 Sq Ft
$544/Sq Ft Est. Value

Last Sold October 29, 2018

Last sale price $620,000 $356 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $6,017/month

17 Days on Market

About This Home

As of October 2018

This 4 unit property of Park Hills real estate is only a stone's throw to the Crenshaw Corridor and upcoming Light Rail. It may be delivered completely vacant and has been beautifully maintained. Currently, it it has one longterm tenant in the 1BD/1BA and the other three Studio units are vacant but being rented short term on AirBnB. The property may have many possibilities as a mixed use investment: an income property, an AirBnB, owner occupied unit. All units will likely be delivered vacant at the close of escrow. Three of the units are fully furnished and the seller is willing to consider selling them as a separate option of the transaction. Don't miss out on this amazing opportunity! Broker and agent do not guarantee square footage, building permits, rent control status other details, or the ability to use the property as and AirBnB rental. Buyer to do their own investigation and satisfy themselves.

Last Agent to Sell the Property

Crystel Coleman

Ascent Real Estate Advisors License #01755460 Listed on: 09/12/2018

Last Buyer's Agent

Sarita Starr

Beverly Realty & Associates License #00877793

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,332

Year Built

  • Built in 1947

Lot Details

  • 3,005

Home Design

  • Quadruplex

Interior Spaces

  • 1,740 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 4 Bathrooms

Additional Features

  • 3,005 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5007-017-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,332

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1740
  • Stories: 1
  • Year Built: 1947
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 0
  • Number Dishwasher: 0
  • Number Disposal: 0
  • Number Drapes: 0
  • Number Range: 4
  • Number Refrigerator: 4
  • Bedrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Refrigerator
  • Price Per S Q F T: 324.71

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 1
  • Pool: No

Garage/Parking

  • Garage Structures: 0
  • Number Rented Garages: 0

Utilities

  • Heating: Wall
  • Number Gas Meters: 4
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 98839
  • Assessed Land Value: 47436
  • Assessor Parcel Number: 5007-017-015
  • Geocode Override: No
  • Lot Size Area: 3005

Rental Info

  • Number Leased: 1
  • Rent Control: No

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 10.00
  • Number Of Units: 4
  • Number Wall A C: 0
  • Rent Control: 0
  • Total Annual Expense: 18000
  • Type Of Units: Quadraplex
  • Vacancy Rate: 75%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2018
Closed on
Oct 11, 2018
Sold by
Nader Gladys and The Raymond And Gladys Nader R
Bought by
Hayes Hunter Jocelyn
Seller's Agent
Crystel Coleman
Ascent Real Estate Advisors
Buyer's Agent
Sarita Starr
Beverly Realty & Associates
List Price
$565,000
Sold Price
$620,000
Premium/Discount to List
$55,000
9.73%
Current Estimated Value
$946,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,229
Avg. Annual Appreciation
5.87%
Original Mortgage
$420,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2012
Sold by
Nader Raymond and Nader Gladys
Bought by
Nader Raymond and Nader Gladys
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
Hayes Hunter Jocelyn $620,000 Old Republic Title
Nader Raymond -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hunter Jocelyn Hayes $416,000
Closed Hayes Hunter Jocelyn $420,000
Previous Owner Nader Raymond $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2018 10/29/18 Sold $620,000 +9.7% $356 / Sq Ft
09/29/2018 09/29/18 Pending -- -- --
09/12/2018 09/12/18 For Sale $565,000 -- $325 / 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 $10,332 $691,617 $553,295 $138,322
2024 $10,332 $678,057 $542,447 $135,610
2023 $9,832 $664,762 $531,811 $132,951
2022 $9,414 $651,729 $521,384 $130,345
2021 $9,334 $638,951 $511,161 $127,790
2020 $9,400 $632,400 $505,920 $126,480
2019 $9,072 $620,000 $496,000 $124,000
2018 $3,601 $149,199 $48,384 $100,815
2016 $3,479 $143,407 $46,506 $96,901
2015 $3,439 $141,254 $45,808 $95,446
2014 $3,454 $138,488 $44,911 $93,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-385462

The MLS

APN: 5007-017-015