NOT LISTED FOR SALE

Estimated Value: $1,455,000 - $2,477,970

6 Beds
6 Baths
4,436 Sq Ft
$440/Sq Ft Est. Value

Sale Details

Date Sold: March 20, 2020

Last sale price $1,170,000 $264 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $12,903 / mo

12 Days on Market

About This Home

As of March 2020

6 Large Units - All One Bedroom + One Bathroom (1+1) Units located at 4036 Mont Clair St. & 2806-12 S. 12th Ave. Excellent Rental Location - close to Re-Developing Jefferson Park/West Adams Districts, USC and Koreatown! CLOSE TO NEW CRENSHAW/LAX LIGHT RAIL LINE (JUNE 2020) & NEW EXPO LINE (DOWNTOWN LA TO SANTA MONICA)! Freeway and Transit close! Individually metered for Gas and Electric. Property consists of 6 (Six) Large - (1) One Bedroom and (1) Bath Units (1923 Construction). Very Strong cash flow with approximately 30% upside in rents! There is on-site parking and garages which is an added amenity for tenants. The property is within walking distance of restaurants, post office, shopping and major public/transit access. NO SOFT STORY RETROFIT REQUIRED.

Last Agent to Sell the Property

Mike Pesci

Keller Williams Studio City License #01274379 Listed on: 01/24/2020

Keller Williams Studio City

Co-Listed By

James Antonucci

License #01822661

Last Buyer's Agent

Out of Area Out of Area

Out of Area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,500

Interior Spaces

  • 4,436 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Car Garage
  • On-Street Parking

Additional Features

  • 7,500 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5051-011-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: LA 1 Mike Pesci (213) 820-1335 Cell MIKE@APLAGROUP.COM or LA 2 James Antonucci (818) 381-6601 Cell JAMES@APLAGROUP.COM.6 Large Units - All One Bedroom + One Bathroom (1+1) Units located at 4036 Mont Clair St. & 2806-12 S. 12th Ave. Excellent Rental Location - close to Re-Developing Jefferson Park/West Adams Districts, USC and Koreatown! CLOSE TO NEW CRENSHAW/LAX LIGHT RAIL LINE (JUNE 2020) & NEW EXPO LINE (DOWNTOWN LA TO SANTA MONICA)! Freeway and Transit close! Individually metered for Gas and Electric. Property consists of 6 (Six) Large - (1) One Bedroom and (1) Bath Units (1923 Construction). Very Strong cash flow with approximately 30% upside in rents! There is on-site parking and garages which is an added amenity for tenants. The property is within walking distance of restaurants, post office, shopping and major public/transit access. NO SOFT STORY RETROFIT REQUIRED.
  • Living Area: 4436
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 269.39

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage, On street
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 222541
  • Assessed Land Value: 588745
  • Assessor Parcel Number: 5051-011-001
  • Geocode Override: No
  • Lot Size Area: 7500

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 15.16
  • Number Of Units: 6
  • Rent Control: 100.00%
  • Type Of Units: 1+1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2024
Sold by
Bought by
Current Estimated Value
$1,949,993

Purchase Details

Closed on
Oct 12, 2021
Sold by
Bought by

Purchase Details

Listed on
Jan 24, 2020
Closed on
Mar 14, 2020
Sold by
Bought by
Seller's Agent
Mike Pesci
Keller Williams Studio City
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$1,195,000
Sold Price
$1,170,000
Premium/Discount to List
-$25,000
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%
Original Mortgage
$829,500
Interest Rate
0.034%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 24, 2020
Closed on
Feb 13, 2020
Sold by
Bought by
Seller's Agent
Mike Pesci
Keller Williams Studio City
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$1,195,000
Sold Price
$1,170,000
Premium/Discount to List
-$25,000
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$829,500
Interest Rate
0.034%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 1, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,159
Interest Rate
0.0457%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 6, 2012
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
0.0593%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
0.0593%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
0.0593%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
0.0596%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,982,500 North American Title
-- Lawyers Title
-- Lawyers Title
$1,170,000 Lawyers Title Company
-- None Available
-- North American Title Co Inc
-- None Available
-- Landamerica
-- Landamerica
$689,000 Lawyers Title Ins
$374,500 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,170,000
Previous Owner $829,500
Previous Owner $371,159
Previous Owner $415,000
Previous Owner $270,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/20/2020 03/20/20 Sold $1,170,000 -2.1% $264 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $1,195,000 -- $269 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,357 $2,122,415 $1,910,174 $212,241
2024 $26,017 $2,080,800 $1,872,720 $208,080
2023 $25,526 $2,040,000 $1,836,000 $204,000
2022 $24,020 $2,000,000 $1,800,000 $200,000
2021 $14,566 $1,182,121 $879,013 $303,108
2020 $11,001 $860,939 $624,779 $236,160
2019 $10,581 $844,059 $612,529 $231,530
2018 $10,442 $827,510 $600,519 $226,991
2016 $9,958 $795,379 $577,201 $218,178
2015 $9,817 $783,432 $568,531 $214,901
2014 $9,886 $768,087 $557,395 $210,692
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-547382

The MLS

APN: 5051-011-001

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