NOT LISTED FOR SALE

3963 Denker Ave Los Angeles, CA 90062

Exposition Park Neighborhood

Estimated Value: $1,020,000 - $1,083,000

5 Beds
4 Baths
3,111 Sq Ft
$341/Sq Ft Est. Value

Sale Details

Date Sold: April 20, 2017

Last sale price $686,800 $221 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,495 / mo

25 Days on Market

About This Home

As of April 2017

Attention all NFL and USC fans. This great investment opportunity is located within a 15-20 min walk to the coliseum. This 4 unit property is about a mile and a half away from the USC Campus and Los Angeles Coliseum which hosts the NFL's Los Angeles Rams 2017-2018 season. With the potential to raise rents up to 3% per year, this property sits on approximately a 6,471 sq ft lot with 3,111 sq ft of livable space. Three of the units consist of 1 bedroom & 1 baths and the fourth unit consists of a 2 bedrooms & 1 bath. Each unit has a 1 car garage. This pride of ownership property is close to restaurants and entertainment venues. Located near the Expo/Vermont rail station this area has huge potential growth and rental upside. Don't wait! This property is priced to sell!

Last Agent to Sell the Property

Michael Henderson

Redfin Corporation License #01787868 Listed on: 02/17/2017

Redfin Corporation

Last Buyer's Agent

Ogie Obaseki

EVERGREEN HOMES License #01025196

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 6,471 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,111 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 52
  • Tax Tract Number 2313
  • Assessor Parcel Number 5036029014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,400
  • Water Sewer Expense $3,000
  • New Taxes Expense $4,375
  • Operating Expense $14,575
  • Gross Income $4,370
  • Net Operating Income $39,965

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

6,471 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 5.71
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5036029014
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 220.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 6471.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 4370.00
  • Gross Multiplier: 12.83
  • Gross Scheduled Income: 54540.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 39965.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 14575.00
  • Rent Control: Yes
  • Total Actual Rent: 4545.00
  • Total Expenses: 14575.00

Tax Info

  • New Taxes Expense: 4375.00
  • Tax Census Tract: 2313.00
  • Tax Lot: 52
  • Tax Tract Number: 2313.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2017
Closed on
Mar 24, 2017
Sold by
Harvey Sarah T
Bought by
Samoni Johnson
Seller's Agent
Michael Henderson
Redfin Corporation
Buyer's Agent
Ogie Obaseki
EVERGREEN HOMES
List Price
$699,900
Sold Price
$686,800
Premium/Discount to List
-$13,100
-1.87%
Current Estimated Value
$1,061,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,099
Avg. Annual Appreciation
4.97%
Original Mortgage
$467,024
Outstanding Balance
$387,925
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$673,974

Purchase Details

Closed on
Apr 7, 2015
Sold by
Harvey Sarah T
Bought by
Harvey Sarah T and The Sarah T Harvey Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Samoni Johnson $687,000 Fidelity Sherman Oaks
Harvey Sarah T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samoni Johnson $467,024
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2017 04/20/17 Sold $686,800 -1.9% $221 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $699,900 -- $225 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,912 $797,084 $558,238 $238,846
2024 $9,912 $781,456 $547,293 $234,163
2023 $9,729 $766,134 $536,562 $229,572
2022 $9,292 $751,113 $526,042 $225,071
2021 $9,165 $736,386 $515,728 $220,658
2019 $8,899 $714,546 $500,432 $214,114
2018 $8,777 $700,536 $490,620 $209,916
2016 $1,226 $73,321 $23,792 $49,529
2015 $1,213 $72,221 $23,435 $48,786
2014 $1,247 $70,807 $22,976 $47,831
Source: Public Records

Agents Affiliated with this Home

  • Ogie Obaseki

    Buyer's Agent in 2017

    Ogie Obaseki

    EVERGREEN HOMES

    (951) 732-2998

    16 Total Sales

    Ogie Obaseki
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17032392

California Regional Multiple Listing Service (CRMLS)

APN: 5036-029-014

California Los Angeles County Los Angeles 90062 Exposition Park

3963 Denker Ave, Los Angeles, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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