NOT LISTED FOR SALE

Estimated Value: $1,182,322 - $1,436,000

5 Beds
5 Baths
2,792 Sq Ft
$469/Sq Ft Est. Value

Last Sold January 24, 2022

Last sale price $1,075,000 $385 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,058/month

92 Days on Market

About This Home

As of January 2022

OPPORTUNITY ZONED! GRM 13 CURRENT CAP RATE 5.35% along with 35% Upside Potential! This is the perfect Value Add opportunity you have been waiting for! Property is offered at an extremely low cost per unit of $220K/Unit. Perched at a quiet tree lined corner having alley access, half of this great income property's units come fully renovated with open floor plan, brand new kitchen featuring Quartz style countertops, tastefully upgraded bathroom, hardwood style flooring and Recessed lightings. Well maintained with all new vinyl windows and all utilities separately metered, the property is consisted of 3 efficient 2 Bedroom 1 Bath and 2 solid 1 Bedroom 1 Bath with open floor plans making it easy to rent and much loved by the residents. Steps away from USC Campus and University Village. New Coliseum and Star Wars museum bringing whole new excitement to the area! It is definitely the right time to invest in this up and coming area with lots of neighboring development lots. Featuring trendy shops and restaurants.

Last Agent to Sell the Property

Vinnie Park

Keller Williams Larchmont License #02015848 Listed on: 09/27/2021

Keller Williams Larchmont

Last Buyer's Agent

Shawn Raoufpour

Gold Realty License #01425538

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,475

Year Built

  • Built in 1924

Lot Details

  • 5,696 Sq Ft Lot

Home Design

  • 2,792 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5035-007-023

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,475

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: OPPORTUNITY ZONED! GRM 13 CURRENT CAP RATE 5.35% along with 35% Upside Potential! This is the perfect Value Add opportunity you have been waiting for! Property is offered at an extremely low cost per unit of $220K/Unit. Perched at a quiet tree lined corner having alley access, half of this great income property's units come fully renovated with open floor plan, brand new kitchen featuring Quartz style countertops, tastefully upgraded bathroom, hardwood style flooring and Recessed lightings. Well maintained with all new vinyl windows and all utilities separately metered, the property is consisted of 3 efficient 2 Bedroom 1 Bath and 2 solid 1 Bedroom 1 Bath with open floor plans making it easy to rent and much loved by the residents. Steps away from USC Campus and University Village. New Coliseum and Star Wars museum bringing whole new excitement to the area!
  • Living Area: 2792
  • Lot Acreage: 0.1308
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 385.03

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 29.92
  • Assessed Improvement Value: 192078
  • Assessed Land Percent: 70.08
  • Assessed Land Value: 449951
  • Total Assessed Value: 642029
  • Assessor Parcel Number: 5035-007-023
  • Lot Size Area: 5696

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.31
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2024
Sold by
Hassidim Yaacov
Bought by
Hassidim Family Llc
Current Estimated Value
$1,309,161

Purchase Details

Listed on
Mar 15, 2017
Closed on
Apr 20, 2017
Sold by
Fair Sheila Eselma and Sheila Fair Living Trust
Bought by
Fortress Investment Llc
Seller's Agent
MICHELLE BELL
All Nations Realty & Investments
Buyer's Agent
Tia Hughes
Coldwell Banker Realty
List Price
$540,000
Sold Price
$605,000
Premium/Discount to List
$65,000
12.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%
Original Mortgage
$500,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2011
Sold by
Fair Sheila Eselma
Bought by
Fair Sheila Eselma and Sheila Fair Living Trust

Purchase Details

Closed on
Apr 20, 2009
Sold by
Williams Lela
Bought by
Fair Sheila Eselma
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
Hassidim Family Llc -- None Listed On Document
Fortress Investment Llc $605,000 Corinthian Title Company
Fair Sheila Eselma -- None Available
Fair Sheila Eselma -- None Available
Fair Sheila Eselma -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fortress Investment Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2022 01/24/22 Sold $1,075,000 0.0% $385 / Sq Ft
12/28/2021 12/28/21 Pending -- -- --
10/14/2021 10/14/21 Price Changed $1,075,000 -2.3% $385 / Sq Ft
09/27/2021 09/27/21 For Sale $1,099,800 +81.8% $394 / Sq Ft
05/30/2017 05/30/17 Sold $605,000 +12.0% $217 / Sq Ft View Prior Sale
03/22/2017 03/22/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $540,000 -- $193 / 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 $14,475 $1,140,798 $716,315 $424,483
2024 $14,297 $1,118,430 $702,270 $416,160
2023 $14,035 $1,096,500 $688,500 $408,000
2022 $8,593 $661,652 $463,704 $197,948
2021 $8,480 $648,679 $454,612 $194,067
2020 $8,559 $642,029 $449,951 $192,078
2019 $8,246 $629,441 $441,129 $188,312
2018 $8,140 $617,100 $432,480 $184,620
2016 $7,155 $543,907 $435,128 $108,779
2015 $7,058 $535,738 $428,592 $107,146
2014 $7,112 $525,245 $420,197 $105,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-788304

The MLS

APN: 5035-007-023