NOT LISTED FOR SALE

3957 S Van Ness Ave Los Angeles, CA 90062

Exposition Park Neighborhood

Estimated Value: $962,000 - $1,352,000

5 Beds
5 Baths
3,018 Sq Ft
$373/Sq Ft Est. Value

Last Sold November 22, 2017

Last sale price $795,000 $263 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $7,039/month

27 Days on Market

About This Home

As of November 2017

Entire property completely remodeled. New plumbing, electrical, kitchens, baths, lights, floors, paint. Perfect for FHA owner occupant. Over 3000+ sqft! Close to USC and Crenshaw/LAX Line. Legal duplex. Easily converts to 3 separate units. Right side: Large 1BD+/1BA. Could be 2BD/1BA. Rented $1725/mo. Unit #2: Large 1BD+1BA. Could be 2BD/1BA. FMV rent $1725/mo. (same as right unit). Unit #3: Two story. 3BD/3BA. Over 1500+sqft. FMV rent $2500+/mo. All units have separate laundry areas with washer/dryer hookups. All units to include new stoves and dishwashers. Extra privacy fencing. Lot size over 5500 sqft. Quiet neighborhood. This property great for FHA owner occupant. 3.5% down = $27,825 downpayment and $3700/monthly mortgage (approx.). Rent income $1725+$1725 = $3450/monthly and live in 3BD/3BA unit rent free! Or rent 3BD/3BA unit, live in 1BD/1BA unit and get $4225/monthly. So $250/month to live in 3BD/3BA unit or earn $500/month to live in 1BD/1BA unit. THIS IS A GREAT DEAL!

Last Agent to Sell the Property

Andrew Watkins

Century 21 Masters License #01478668 Listed on: 09/06/2017

Century 21 Masters

Last Buyer's Agent

Spencer Daley

Sotheby's International Realty License #02005446

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,047

Year Built

  • Built in 1922

Lot Details

  • 5,542 Sq Ft Lot
  • East Facing Home

Home Design

  • Duplex

Interior Spaces

  • 3,018 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5035-004-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,047

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Entire property completely remodeled. New plumbing, electrical, kitchens, baths, lights, floors, paint. Perfect for FHA owner occupant. Over 3000+ sqft! Close to USC and Crenshaw/LAX Line. Legal duplex. Easily converts to 3 separate units. Right side: Large 1BD+/1BA. Could be 2BD/1BA. Rented $1725/mo. Unit #2: Large 1BD+1BA. Could be 2BD/1BA. FMV rent $1725/mo. (same as right unit). Unit #3: Two story. 3BD/3BA. Over 1500+sqft. FMV rent $2500+/mo. All units have separate laundry areas with washer/dryer hookups. All units to include new stoves and dishwashers. Extra privacy fencing. Lot size over 5500 sqft. Quiet neighborhood. This property great for FHA owner occupant. 3.5% down = $27,825 downpayment and $3700/monthly mortgage (approx.). Rent income $1725+$1725 = $3400/monthly and live in 3BD/3BA unit rent free! Or rent 3BD/3BA unit, live in 1BD/1BA unit and get $4225/monthly. So $300/month to live in 3BD/3BA unit or earn $500/month to live in 1BD/1BA unit. THIS IS A GREAT DEAL!
  • Living Area: 3018
  • Probate: No
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Range/Oven
  • Price Per S Q F T: 261.43

Exterior Features

  • Direction Faces: East
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Water Expense: 900.00

Fee Information

  • Insurance Expense: 4995.00
  • Maintenance Expense: 1200.00
  • Trash Expense: 900.00

Lot Info

  • Assessed Improvement Value: 204810
  • Assessed Land Value: 139120
  • Assessor Parcel Number: 5035-004-016
  • Geocode Override: No
  • Lot Size Area: 5542

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.05
  • Number Of Units: 2
  • Total Annual Expense: 18972
  • Type Of Units: Duplex
  • Vacancy Rate: 33%

Tax Info

  • Tax Expense: 10257.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2017
Closed on
Nov 22, 2017
Sold by
Watkins Real Estate
Bought by
Black Robert F and Black Gaye M
Seller's Agent
Andrew Watkins
Century 21 Masters
Buyer's Agent
Spencer Daley
Sotheby's International Realty
List Price
$843,000
Sold Price
$795,000
Premium/Discount to List
-$48,000
-5.69%
Current Estimated Value
$1,124,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,956
Avg. Annual Appreciation
4.43%

Purchase Details

Listed on
Sep 6, 2017
Closed on
Nov 17, 2017
Sold by
Stuart Wesley Paul
Bought by
Black Mary Danielle
Seller's Agent
Andrew Watkins
Century 21 Masters
Buyer's Agent
Spencer Daley
Sotheby's International Realty
List Price
$843,000
Sold Price
$795,000
Premium/Discount to List
-$48,000
-5.69%

Purchase Details

Listed on
Mar 20, 2017
Closed on
May 4, 2017
Sold by
Malone Sherrie
Bought by
Watkins Real Estate
Seller's Agent
Leroy Holt
SOLR REALTY
Buyer's Agent
Leroy Holt
SOLR REALTY
Sold Price
$402,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
271.11%
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
Black Robert F $795,000 Lawyers Title
Black Mary Danielle -- Lawyers Title
Watkins Real Estate $390,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Management Trust $573,000
Previous Owner Malone Sherrie P $150,000
Previous Owner Malone Sherrie $360,000
Previous Owner Malone Sherrie $300,000
Previous Owner Malone Sherrie $255,000
Previous Owner Malone Sherrie $208,250
Previous Owner Malone Sherrie $132,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2017 11/22/17 Sold $795,000 +0.8% $263 / Sq Ft
10/20/2017 10/20/17 Price Changed $789,000 -0.8% $261 / Sq Ft
10/13/2017 10/13/17 Price Changed $795,000 -0.6% $263 / Sq Ft
10/03/2017 10/03/17 Pending -- -- --
09/20/2017 09/20/17 Price Changed $799,500 -5.2% $265 / Sq Ft
09/06/2017 09/06/17 For Sale $843,000 +109.7% $279 / Sq Ft
05/17/2017 05/17/17 Sold $402,000 0.0% $133 / Sq Ft
03/20/2017 03/20/17 Off Market $402,000 -- --
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 $11,047 $904,570 $682,696 $221,874
2024 $11,047 $886,834 $669,310 $217,524
2023 $10,840 $869,446 $656,187 $213,259
2022 $10,344 $852,399 $643,321 $209,078
2021 $10,204 $835,686 $630,707 $204,979
2019 $9,902 $810,900 $612,000 $198,900
2018 $9,816 $795,000 $600,000 $195,000
2017 $4,493 $350,808 $141,902 $208,906
2016 $4,361 $343,930 $139,120 $204,810
2015 $4,300 $338,765 $137,031 $201,734
2014 $4,328 $332,130 $134,347 $197,783
Source: Public Records

Agents Affiliated with this Home

  • Leroy Holt

    Seller's Agent in 2017

    Leroy Holt

    SOLR REALTY

    (310) 864-9440

    36 Total Sales

    Leroy Holt
    Section Image
  • Andrew Watkins

    Seller's Agent in 2017

    Andrew Watkins

    Century 21 Masters

    (310) 383-6239

    1 in this area

    58 Total Sales

    Andrew Watkins
    Section Image
  • Spencer Daley

    Buyer's Agent in 2017

    Spencer Daley

    Sotheby's International Realty

    (424) 202-3200

    31 Total Sales

    Spencer Daley
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-267846

The MLS

APN: 5035-004-016

California Los Angeles County Los Angeles 90008 Exposition Park

3957 S Van Ness Ave, Los Angeles, CA

This home is located at 3957 S Van Ness Ave, Los Angeles, CA 90062 since 06 September 2017 and is currently estimated at $1,124,956, approximately $372 per square foot. This property was built in 1922. 3957 S Van Ness Ave is a home located in Los Angeles County with nearby schools including Tom Bradley Global Awareness Magnet School, Audubon Middle School, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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