NOT LISTED FOR SALE

Estimated Value: $1,548,000

18 Beds
9 Baths
7,286 Sq Ft
$212/Sq Ft Est. Value

Last Sold February 01, 2018

Last sale price $2,375,000 $326 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $10,184/month

74 Days on Market

Highlights

  • Gated Parking
  • Air Conditioning
  • 1-Story Property
  • 17,411 Sq Ft lot
  • Central Heating

About This Home

As of February 2018

Gorgeous, Modern, Turn-Key, PRIDE OF OWNERSHIP! Property. 5.1% cash flow! Everything in the property is new! New plumbing, new electrical, new windows, new cabinets, new hardwood and tile flooring, new stainless steel appliances. Amenities include: mini-split heating and air conditioning units, microwave ovens, dishwashers, washers and dryers in units. We get the best renters the area has to offer, USC students and young professionals. Property consists of 3 duplexes and 3 stand alone bungalows. 9 - 2 bedroom / 1 bath units. Tenants pay all gas and electric and garbage. 5.1% cash flow on your down payment after loan payments! 3/4 mile South of USC campus. Light rail station nearby, Development in the area includes: New Stadium, Lucas Museum, Hotel and Retail.

Last Agent to Sell the Property

Brad Huggett

Fireside Realty License #01030160 Listed on: 10/02/2017

Fireside Realty

Last Buyer's Agent

Timothy Jarnot

Westline Properties License #01274482

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 0.4 Acre Lot

Interior Spaces

  • 7,286 Sq Ft Home
  • 1-Story Property
  • Stacked Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 11 Parking Spaces
  • Gated Parking
  • Assigned Parking

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 6 Buildings
  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 5036-031-033

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 7286
  • Manager Expense: 3600.00
  • Stories: 1
  • Year Built: 1918
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 9.00
  • Equipment: Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup
  • Price Per S Q F T: 332.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned, Gated
  • Total Parking: 11

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Water Expense: 3024.00

Fee Information

  • Insurance Expense: 3200.00
  • Maintenance Expense: 6000.00
  • Management Expense: 6400.00
  • Other Expense: 1000.00

Lot Info

  • Assessed Improvement Value: 136298
  • Assessed Land Value: 327121
  • Assessor Parcel Number: 5036-031-033
  • Geocode Override: No
  • Lot Size Area: 17411

Rental Info

  • Lease Per Month Year: Year

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 9
  • Type Of Units: 2 BR units

Tax Info

  • Tax Expense: 28500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2017
Closed on
Dec 26, 2017
Sold by
Janus John and Janus Elizabeth
Bought by
Greenfield Barry and Selvaggi Frank
Seller's Agent
Brad Huggett
Fireside Realty
Buyer's Agent
Timothy Jarnot
Westline Properties
List Price
$2,425,000
Sold Price
$2,375,000
Premium/Discount to List
-$50,000
-2.06%
Current Estimated Value
$1,548,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$827,000
Avg. Annual Appreciation
-5.22%
Original Mortgage
$175,000
Outstanding Balance
$147,679
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$1,400,321

Purchase Details

Listed on
Dec 17, 2015
Closed on
Mar 22, 2016
Sold by
Se Socal Llc
Bought by
Janus John and Janus Elizabeth
Seller's Agent
Kenneth Colbert
Estate Properties
Buyer's Agent
Kenneth Colbert
Estate Properties
List Price
$1,400,000
Sold Price
$1,350,000
Premium/Discount to List
-$50,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.71%
Original Mortgage
$950,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 17, 2015
Closed on
Mar 21, 2016
Sold by
Hugget Teresa
Bought by
Hugget Brad
Seller's Agent
Kenneth Colbert
Estate Properties
Buyer's Agent
Kenneth Colbert
Estate Properties
List Price
$1,400,000
Sold Price
$1,350,000
Premium/Discount to List
-$50,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2010
Sold by
St Matthews Baptist Church
Bought by
Se Socal Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,900
Interest Rate
5.21%
Mortgage Type
Commercial
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
Greenfield Barry $2,375,000 Old Republic Title Company
Janus John -- Provident Title Company
Hugget Brad -- Provident Title Company
Se Socal Llc $410,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenfield Barry $175,000
Previous Owner Janus John $950,000
Previous Owner Se Socal Llc $463,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2018 02/01/18 Sold $2,375,000 -2.1% $326 / Sq Ft
10/02/2017 10/02/17 For Sale $2,425,000 +79.6% $333 / Sq Ft
03/28/2016 03/28/16 Sold $1,350,000 -3.6% $223 / Sq Ft View Prior Sale
02/24/2016 02/24/16 Pending -- -- --
11/11/2015 11/11/15 For Sale $1,400,000 -- $232 / 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 $26,027 $2,104,978 $1,592,958 $512,020
2024 $26,027 $2,063,705 $1,561,724 $501,981
2023 $25,539 $2,023,241 $1,531,102 $492,139
2022 $24,387 $1,983,571 $1,501,081 $482,490
2021 $24,083 $1,944,679 $1,471,649 $473,030
2020 $24,334 $1,924,740 $1,456,560 $468,180
2019 $23,394 $1,887,000 $1,428,000 $459,000
2018 $12,793 $983,177 $589,906 $393,271
2016 $6,440 $463,419 $327,121 $136,298
2015 $6,358 $456,459 $322,208 $134,251
2014 $6,426 $447,519 $315,897 $131,622
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-277592

The MLS

APN: 5036-031-033