NOT LISTED FOR SALE

Estimated Value: $754,000 - $882,000

5 Beds
4 Baths
2,462 Sq Ft
$334/Sq Ft Est. Value

Last Sold January 11, 2022

Last sale price $720,000 $292 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,292/month

103 Days on Market

About This Home

As of January 2022

3806 Maple Ave is a highly desirable "Cottage Style" 4-Unit Multifamily Property accompanied with Ready to Issue “RTI” Approved Permits to add a 5th unit to the existing garage for extra income. These cottage style units function like individual homes and are a renter and owners dream. The property has a tenant-ready & beautifully REMODELED 2BD/1BTH unit ready for an owner occupier and qualifies for 30-year fixed financing at today’s exceptionally low rates.

This is the perfect investment for a first-time homeowner or seasoned investor to rent out and capture great cash flow. With a 50% upside in the rents and RTI permits ready to convert existing garage to your 5th unit, the potential with this building reaches well above a 10.27% cap rate.

All units have their own electric and gas meters. With a Walk score of 81, Transit score of 72, and Bike Score of 93, you can walk or bike for all your errands and take the kids to one of the three very walkable parks nearby.

Minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art’s District, The Reef, Banc of California Stadium, and LA LIVE.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 06/02/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Jordan Davies

Keller Williams Realty Calabasas License #01914332

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,404

Year Built

  • Built in 1923

Lot Details

  • 4,568 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,462 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 114
  • Tax Tract Number 228
  • Assessor Parcel Number 5121024003

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $18,118
  • Gross Income $47,964
  • Net Operating Income $27,448

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,404

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 3.59
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5121024003
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 292.45

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4568.00
  • Lot Size Acres: 0.1049

Multi Family

  • Gross Income: 47964.00
  • Gross Multiplier: 15.95
  • Gross Scheduled Income: 47964.00
  • Lot Size Area: 4568.0000 Square Feet
  • Net Operating Income: 27448.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18118.00
  • Rent Control: Yes
  • Total Expenses: 18118.00

Tax Info

  • Tax Lot: 114
  • Tax Tract Number: 228...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Feb 16, 2022
Sold by
Liam Davies Jordan
Bought by
Dousland Llc
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Jordan Davies
Keller Williams Realty Calabasas
List Price
$765,000
Sold Price
$720,000
Premium/Discount to List
-$45,000
-5.88%
Current Estimated Value
$827,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,308
Avg. Annual Appreciation
3.77%

Purchase Details

Listed on
Jun 2, 2021
Closed on
Dec 16, 2021
Sold by
Qq Group Llc
Bought by
Davies Jordan Liam
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Jordan Davies
Keller Williams Realty Calabasas
List Price
$765,000
Sold Price
$720,000
Premium/Discount to List
-$45,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 2, 2021
Closed on
Nov 16, 2021
Sold by
Qq Group Llc
Bought by
Davies Jordan Liam
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Jordan Davies
Keller Williams Realty Calabasas
List Price
$765,000
Sold Price
$720,000
Premium/Discount to List
-$45,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 12, 2020
Closed on
Nov 30, 2020
Sold by
Moriel David
Bought by
Qq Group Llc
Seller's Agent
Andrew Brody
Equity Union
Buyer's Agent
Andrew Brody
Equity Union
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.61%

Purchase Details

Closed on
Jun 21, 2017
Sold by
Moriel Raul
Bought by
Moriel Raul and Moriel Family Trust

Purchase Details

Closed on
Oct 16, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Moriel Raul

Purchase Details

Closed on
Oct 18, 2007
Sold by
Soto Maria D
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 18, 2006
Sold by
Gmac Mortgage Llc
Bought by
Soto Maria D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2006
Sold by
Murrieta Jose Alegandro
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2006
Sold by
Murrieta Jose
Bought by
Ruiz Zulis

Purchase Details

Closed on
Nov 19, 2004
Sold by
El Treo Realty Usa
Bought by
Murrieta Jose Alegandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2004
Sold by
Cardenas Alicia
Bought by
El Treo Realty Usa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2003
Sold by
Pae Chi Ai
Bought by
Cardenas Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,650
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2002
Sold by
Velasquez Monica
Bought by
Velasquez Carlos

Purchase Details

Closed on
Apr 16, 2001
Sold by
Velasquez Monica
Bought by
Velasquez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
6.98%

Purchase Details

Closed on
Mar 21, 2001
Sold by
Norwest Bank Minnesota Na
Bought by
Velasquez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
6.98%

Purchase Details

Closed on
Nov 29, 2000
Sold by
Escobedo Maria C
Bought by
Salomon Brothers Mtg Securities Vii Inc

Purchase Details

Closed on
Nov 20, 1996
Sold by
Cardenas Roberto
Bought by
Escobedo Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.91%

Purchase Details

Closed on
Nov 13, 1996
Sold by
Escobedo Esther
Bought by
Escobedo Maria Delcarmen and Escobedo Juan Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.91%

Purchase Details

Closed on
Oct 26, 1995
Sold by
Escobedo Esther Lopez
Bought by
Escobedo Maria Delcarmen and Escobedo Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
12.99%
Source: Public Records

Range of Values:

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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
Dousland Llc -- Providence Title
Davies Jordan Liam $720,000 Provident Title
Davies Jordan Liam $720,000 Provident Title Company
Qq Group Llc $525,000 Provident Title Co
Moriel Raul -- None Available
Moriel Raul $280,000 First American Title Company
Federal Home Loan Mortgage Corporation $505,650 Accommodation
Soto Maria D $600,000 Alliance Title
Gmac Mortgage Llc $439,000 None Available
Ruiz Zulis -- None Available
Murrieta Jose Alegandro $490,000 Southland Title
El Treo Realty Usa $350,000 Southland Title
Cardenas Alicia $1,471,272 First Southwestern Title
Velasquez Carlos -- Commerce Title
Velasquez Carlos -- Chicago Title Insurance Co
Velasquez Carlos $152,000 Chicago Title Insurance Co
Salomon Brothers Mtg Securities Vii Inc $110,000 --
Escobedo Esther -- Chicago Title
Escobedo Maria Delcarmen -- Chicago Title
Escobedo Maria Delcarmen -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davies Jordan Liam $540,000
Previous Owner Davies Jordan Liam $540,000
Previous Owner Qc Group Llc $315,000
Previous Owner Qq Group Llc $315,000
Previous Owner Soto Maria D $480,000
Previous Owner Soto Maria D $120,000
Previous Owner Ruiz Zulis $3,000
Previous Owner Ruiz Zulis $12,000
Previous Owner Ruiz Zulis $12,500
Previous Owner Murrieta Jose Alegandro $392,000
Previous Owner El Treo Realty Usa $350,000
Previous Owner Cardenas Alicia $245,650
Previous Owner Velasquez Carlos $163,000
Previous Owner Escobedo Maria Delcarmen $150,000
Previous Owner Escobedo Maria Delcarmen $25,000
Previous Owner Escobedo Maria Delcarmen $103,000
Closed Murrieta Jose Alegandro $73,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2022 01/11/22 Sold $720,000 -5.9% $292 / Sq Ft
08/09/2021 08/09/21 For Sale $765,000 +6.3% $311 / Sq Ft
08/04/2021 08/04/21 Off Market $720,000 -- --
06/24/2021 06/24/21 Price Changed $765,000 -3.8% $311 / Sq Ft
06/02/2021 06/02/21 For Sale $795,000 +51.4% $323 / Sq Ft
12/08/2020 12/08/20 Sold $525,000 0.0% $232 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $525,000 -- $232 / 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 $9,404 $764,069 $530,604 $233,465
2024 $9,404 $749,088 $520,200 $228,888
2023 $9,226 $734,400 $510,000 $224,400
2022 $6,652 $535,500 $374,340 $161,160
2021 $6,563 $525,000 $367,000 $158,000
2020 $6,607 $518,087 $353,244 $164,843
2019 $6,354 $507,929 $346,318 $161,611
2018 $6,271 $497,971 $339,528 $158,443
2016 $5,521 $440,000 $221,100 $218,900
2015 $5,260 $418,000 $210,000 $208,000
2014 $5,072 $391,000 $200,000 $191,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21118561

California Regional Multiple Listing Service (CRMLS)

APN: 5121-024-003