NOT LISTED FOR SALE

Estimated Value: $2,017,000 - $3,287,663

4 Beds
3 Baths
2,189 Sq Ft
$1,142/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $1,850,000 $845 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $14,830/month

77 Days on Market

Highlights

  • 2 Car Garage
  • Linwood E. Howe Elementary School Rated A-
  • 1-Story Property

About This Home

As of May 2020

-Price Reduced! -Located in the Best Pocket of Culver City -Situated 1-Block from Downtown Culver City -Two Houses: (1) 2-BR/1-BA House & (1) 2-BR/2-BA House -Back House to Be Delivered Vacant Upon Close of Escrow -Located a Half Block from One Culver & Equinox Culver City -Walking Distance from Amazon Studios, Sony Pictures, Culver Studios, & the New Culver Steps -Located a Short Distance From The New Ivy Station -Residential Asset - Qualifies for Residential Financing

Last Agent to Sell the Property

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 01/06/2020

Last Buyer's Agent

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 01/06/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,156

Year Built

  • Built in 1924

Lot Details

  • 6,750 Sq Ft Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 2,189 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 4207-009-007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Vacancy Allowance $2,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,156

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 2189
  • Price Per Unit: 950000.00
  • Probate: No
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 867.98

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Construction: Wood
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage
  • Total Parking: 2

Utilities

  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Water Expense: 2400.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 985.00
  • Maintenance Expense: 800.00
  • Other Expense: 600.00

Lot Info

  • Assessed Improvement Value: 328795
  • Assessed Land Value: 776705
  • Assessor Parcel Number: 4207-009-007
  • Geocode Override: No
  • Lot Size Area: 6750

Rental Info

  • Total Actual Rent: 96000.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.79
  • Number Of Units: 2
  • Total Annual Expense: 29255
  • Type Of Units: 2 Bd Houses
  • Vacancy Allow: 2880
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 23750.00
  • Tax Percent: 1.25
  • Tax Total: 23750.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
May 5, 2020
Sold by
Peter Schey Llc
Bought by
Golden Culver Llc
Seller's Agent
Gianluca Jacoli
Shield CRE, Inc.
Buyer's Agent
Gianluca Jacoli
Shield CRE, Inc.
List Price
$2,000,000
Sold Price
$1,850,000
Premium/Discount to List
-$150,000
-7.5%
Current Estimated Value
$2,337,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,067
Avg. Annual Appreciation
5.98%
Original Mortgage
$1,295,000
Outstanding Balance
$1,152,560
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$1,348,356

Purchase Details

Closed on
Mar 10, 2016
Sold by
Schey Peter A
Bought by
Peter Schey Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2016
Sold by
Peter Schey Llc
Bought by
Schey Peter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2008
Sold by
Marciniak Galvan E Nicholas and Marciniak Galvan Suzanne
Bought by
Peter Schey Llc

Purchase Details

Closed on
Aug 30, 2005
Sold by
Galvan Martin G and Galvan Alice D
Bought by
Marciniak Galvan E Nicholas and Marciniak Galvan Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2005
Sold by
Galvan Martin and Galvan Alice
Bought by
Galvan Martin G and Galvan Alice D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2003
Sold by
Delatorre Rose Marie and The Rose Marie Delatorre Famil
Bought by
Galvan Martin and Galvan Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,100
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 1995
Sold by
Delatorre Rose Marie
Bought by
Delatorre Rose Marie and Rose Marie Delatorre Family Tr
Source: Public Records

Range of Values:

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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
Golden Culver Llc $1,850,000 Fidelity National Title Co
Peter Schey Llc -- None Available
Schey Peter A -- None Available
Peter Schey Llc $992,000 Stewart Title
Marciniak Galvan E Nicholas -- --
Galvan Martin G -- Fidelity National Title
Galvan Martin $550,000 Southland Title
Delatorre Rose Marie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golden Culver Llc $1,295,000
Previous Owner Peter Schey Llc $650,000
Previous Owner Galvan Suzanne Marciniak $768,000
Previous Owner Galvan Martin G $650,000
Previous Owner Galvan Martin $413,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $1,850,000 -2.6% $845 / Sq Ft
03/23/2020 03/23/20 Pending -- -- --
01/23/2020 01/23/20 Price Changed $1,900,000 -5.0% $868 / Sq Ft
01/06/2020 01/06/20 For Sale $2,000,000 -- $914 / 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 $25,156 $2,023,241 $1,585,785 $437,456
2024 $25,156 $1,983,571 $1,554,692 $428,879
2023 $24,103 $1,944,678 $1,524,208 $420,470
2022 $22,925 $1,906,548 $1,494,322 $412,226
2021 $22,809 $1,869,166 $1,465,022 $404,144
2020 $15,116 $1,173,162 $824,244 $348,918
2019 $14,742 $1,150,160 $808,083 $342,077
2018 $14,571 $1,127,609 $792,239 $335,370
2016 $13,497 $1,083,825 $761,476 $322,349
2015 $13,450 $1,067,546 $750,038 $317,508
2014 $13,359 $1,046,635 $735,346 $311,289
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-540976

The MLS

APN: 4207-009-007