M
Seller's Agent in 2020
Matt Dunfrund
Lyon Stahl Investment Real Estate, Inc.
3935 La Salle Ave Los Angeles, CA 90062
Exposition Park NeighborhoodEstimated Value: $1,329,511 - $1,393,000
9
Beds
5
Baths
3,743
Sq Ft
$364/Sq Ft
Est. Value
About This Home
As of February 2020Huge price reduction so bring your investor/1031 buyers ASAP for this value-add Jeff Park 4Plex at 3935 La Salle Avenue, LA 90062.
Now priced at only $999K & a 5.90% current CAP & $267/SF now. The property features a vacant & recently renovated 4+2 unit with a market rent of $3,000/mth (already have lease prospects); two 2+1 units rented for $1,700 & $1,240/mth, and a 1+1 unit rented for $900/mth for a current gross income of $6,840/mth; $82,080/yr. The units are all good sized with 3,743 total rentable SF. At the $999,000 reduced price, the property is priced very competitively at: $249,750/unit; a 12.17 current GRM; a 9.91 market GRM; a 5.90% current CAP; a 7.72% market CAP; and $267/SF. The property also shows as 5 units total on title so there might be the ability to convert the 4 Bedroom unit back into 2 units to add further value & additional income (Buyer to verify with the City). Fantastic location near Jefferson Park/West Adams; Leimert Park; USC/Expo Park & Downtown LA, and very centrally located with easy access to all parts of LA. This 90062 area is a rapidly appreciating South LA submarket, and the property is also only a 0.6M 10-minute walk to the Western/Expo metro train station for direct access from Santa Monica to DTLA & car-less commuting. Let's make a deal before holidays & year-end!
Last Agent to Sell the Property
Matt Dunfrund
Lyon Stahl Investment Real Estate, Inc. License #01785161 Listed on: 09/23/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,413
Year Built
- Built in 1928
Lot Details
- 5,208 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 3,743 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 81
- Tax Tract Number 231300
- Assessor Parcel Number 5036024028
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,310
- Trash Expense $2,000
- Water Sewer Expense $3,200
- New Taxes Expense $12,488
- Operating Expense $20,660
- Gross Income $82,080
- Net Operating Income $58,958
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2019
Closed on
Feb 4, 2020
Sold by
Tsu Dustin
Bought by
Tsu Carissa
Seller's Agent
Matt Dunfrund
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
CARISSA TSU
IRN REALTY
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,256
Avg. Annual Appreciation
6.11%
Original Mortgage
$520,000
Interest Rate
3.74%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 23, 2019
Closed on
Jan 28, 2020
Sold by
Lasalle Apartments Llc
Bought by
Tsu Dustin and Tsu Carissa
Seller's Agent
Matt Dunfrund
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
CARISSA TSU
IRN REALTY
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
3.74%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 28, 2019
Sold by
Strauss Marcy
Bought by
Lasalle Apartments Llc
Purchase Details
Listed on
Feb 18, 2017
Closed on
Mar 2, 2017
Sold by
Walker Deborah
Bought by
Strauss Marcy
Seller's Agent
Matt Dunfrund
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
List Price
$799,000
Sold Price
$847,000
Premium/Discount to List
$48,000
6.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$635,250
Interest Rate
4.16%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 8, 2002
Sold by
Minaret Funding Corp
Bought by
Walker Deborah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 29, 2000
Sold by
Nacario Nestor M and Cartagenas Victorino
Bought by
Minaret Funding Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.08%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 18, 1998
Sold by
Gomez Cynthia
Bought by
Paloverde Land Investments Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,100
Interest Rate
10.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 28, 1998
Sold by
Paloverde Land Investments Inc
Bought by
Nacario Nestor M and Cartagenas Victorino
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,100
Interest Rate
10.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 4, 1997
Sold by
C T Ltd Partnership
Bought by
Gomez Cynthia
Purchase Details
Closed on
Jan 6, 1995
Sold by
Meir Nave Living Trust
Bought by
C T Ltd Partnership
Purchase Details
Closed on
Jul 25, 1994
Sold by
Nave Meir
Bought by
Nave Meir
Purchase Details
Closed on
Mar 29, 1994
Sold by
Beckerman Dalia and Nave Meir
Bought by
Nave Meir
Purchase Details
Closed on
Feb 25, 1994
Sold by
Nave Meir
Bought by
Beckerman Dalia and Nave Meir
Purchase Details
Closed on
Aug 20, 1993
Sold by
First Independent Trust Deed Services
Bought by
Nave Meir
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tsu Carissa | -- | First American Title | |
| Tsu Dustin | -- | First American Title | |
| Tsu Dustin | $1,000,000 | First American Title | |
| Lasalle Apartments Llc | $231,000 | None Available | |
| Strauss Marcy | $847,000 | North Arnerican Title Co | |
| Walker Deborah | $365,000 | Fidelity National Title Co | |
| Minaret Funding Corp | $25,000 | Fidelity National Title | |
| Paloverde Land Investments Inc | -- | -- | |
| Nacario Nestor M | $299,000 | Investors Title Company | |
| Gomez Cynthia | -- | Guardian Title | |
| Gomez Cynthia | -- | Guardian Title | |
| C T Ltd Partnership | -- | -- | |
| Nave Meir | -- | -- | |
| Nave Meir | -- | -- | |
| Beckerman Dalia | -- | -- | |
| Nave Meir | $69,805 | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tsu Dustin | $515,000 | |
| Closed | Tsu Dustin | $520,000 | |
| Previous Owner | Strauss Marcy | $635,250 | |
| Previous Owner | Walker Deborah | $500,000 | |
| Previous Owner | Walker Deborah | $381,600 | |
| Previous Owner | Walker Deborah | $292,000 | |
| Previous Owner | Minaret Funding Corp | $220,000 | |
| Previous Owner | Nacario Nestor M | $48,000 | |
| Previous Owner | Nacario Nestor M | $269,100 | |
| Closed | Walker Deborah | $36,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/11/2020 02/11/20 | Sold | $1,000,000 | +0.1% | $267 / Sq Ft |
| 12/16/2019 12/16/19 | Price Changed | $999,000 | -4.9% | $267 / Sq Ft |
| 11/18/2019 11/18/19 | Price Changed | $1,050,000 | -4.5% | $281 / Sq Ft |
| 11/12/2019 11/12/19 | Price Changed | $1,099,000 | -2.3% | $294 / Sq Ft |
| 10/27/2019 10/27/19 | Price Changed | $1,125,000 | -1.3% | $301 / Sq Ft |
| 10/21/2019 10/21/19 | Price Changed | $1,140,000 | -0.4% | $305 / Sq Ft |
| 10/15/2019 10/15/19 | Price Changed | $1,145,000 | -0.4% | $306 / Sq Ft |
| 09/23/2019 09/23/19 | For Sale | $1,150,000 | +35.8% | $307 / Sq Ft |
| 04/11/2017 04/11/17 | Sold | $847,000 | +6.0% | $226 / Sq Ft |
| 02/18/2017 02/18/17 | For Sale | $799,000 | -- | $213 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,413 | $1,093,643 | $765,550 | $328,093 |
| 2024 | $13,413 | $1,072,200 | $750,540 | $321,660 |
| 2023 | $13,161 | $1,051,177 | $735,824 | $315,353 |
| 2022 | $12,562 | $1,030,567 | $721,397 | $309,170 |
| 2021 | $12,393 | $1,010,360 | $707,252 | $303,108 |
| 2020 | $11,532 | $918,000 | $612,000 | $306,000 |
| 2019 | $225 | $881,218 | $616,957 | $264,261 |
| 2018 | $10,758 | $863,940 | $604,860 | $259,080 |
| 2016 | $5,691 | $446,557 | $305,863 | $140,694 |
| 2015 | $5,612 | $439,850 | $301,269 | $138,581 |
| 2014 | $5,663 | $431,235 | $295,368 | $135,867 |
Source: Public Records
Agents Affiliated with this Home
-
-
CARISSA TSU
C
Buyer's Agent in 2020
CARISSA TSU
IRN REALTY
(626) 493-1505
5 Total Sales
-
Michael Millea
Seller Co-Listing Agent in 2017
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
(310) 251-2083
40 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19226927
APN: 5036-024-028
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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