NOT LISTED FOR SALE

Estimated Value: $4,189,949

10 Beds
10 Baths
13,656 Sq Ft
$307/Sq Ft Est. Value

Last Sold April 07, 2015

Last sale price $2,280,000 $167 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $26,017/month

10 Days on Market

Highlights

  • 0.46 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA

About This Home

As of April 2015

Majestic, grand Spanish courtyard property with fountain on large corner lot extra size units in Historical West Adams District. Individual gas & electric meters, individual water heaters, individual garages, hardwood floors, manicured lawns and landscaping, ornate iron fencing, upgraded electrical, seismically bolted to foundation, low rent. Access to major Free ways, close to all economical and social amenities.

Last Agent to Sell the Property

Harry Sabzerou

No Firm Affiliation License #01231813 Listed on: 02/06/2015

Last Buyer's Agent

Michael Healy

No Firm Affiliation License #00838494

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,521

Year Built

  • Built in 1924

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls

Parking

  • 16 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 13,656 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 19
  • Tax Tract Number 4830
  • Assessor Parcel Number 5051005020

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 16 Units

Building Details

  • 16 Leased Units
  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • Electric Expense $8,500
  • Gardener Expense $1,100
  • Insurance Expense $3,500
  • Maintenance Expense $7,200
  • Professional Management Expense $4,500
  • Trash Expense $2,100
  • New Taxes Expense $27,500
  • Gross Income $16,261
  • Net Operating Income $137,672

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,521

Year Built

Built in 1924

Lot Details

0

Parking

16

Listing Details

  • Other Phone Number: 818-813-2347
  • Professional Management Expense: 4500.00
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 1100.00
  • Parcel Number: 5051005020
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 166.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Trash Expense: 2100.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19867.00
  • Lot Size Acres: 0.4560

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 853
  • Electric Expense: 8500.00
  • Gross Income: 16261.00
  • Gross Scheduled Income: 198012.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 19867.0000 Square Feet
  • Maintenance Expense: 7200.00
  • Net Operating Income: 137672.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Operating Expense: 54400.00
  • Rent Control: Yes
  • Total Actual Rent: 16261.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 27500.00
  • Tax Lot: 19
  • Tax Tract Number: 4830
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2015
Closed on
Mar 25, 2015
Sold by
Jrp Capital Llc
Bought by
Roman Baths Llc
Seller's Agent
Harry Sabzerou
No Firm Affiliation
Buyer's Agent
Michael Healy
No Firm Affiliation
List Price
$2,250,000
Sold Price
$2,280,000
Premium/Discount to List
$30,000
1.33%
Current Estimated Value
$4,189,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,909,949
Avg. Annual Appreciation
5.94%
Original Mortgage
$1,595,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2012
Sold by
Jrp Capital Llc
Bought by
Jrp Capital Llc

Purchase Details

Closed on
Dec 13, 2010
Sold by
Zeri Romarino G
Bought by
Jrp Capital Llc

Purchase Details

Closed on
Dec 20, 2004
Sold by
Shavers Lewis and Shavers Lillian
Bought by
Zeri Romarino G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.66%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2001
Sold by
Shaver Lewis W and Shavers Lillian
Bought by
Shavers Lewis and Shavers Lillian

Purchase Details

Closed on
Jul 6, 2000
Sold by
Shavers Joe
Bought by
Shavers Joe and Shavers Mattie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2000
Sold by
Shavers Mattie L
Bought by
Shavers Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2000
Sold by
Rouse Joan D and Rouse William C
Bought by
Shavers Joe and Shavers Lewis W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 1997
Sold by
Rouse William H
Bought by
Rouse William C and Rouse Lucretia L

Purchase Details

Closed on
Jul 1, 1996
Sold by
Rouse William H
Bought by
Rouse William C and Rouse Lucretia L
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
Roman Baths Llc $2,280,000 North American Title Company
Jrp Capital Llc -- Chicago Title Company
Jrp Capital Llc $975,000 Orange Coast Title
Zeri Romarino G $600,000 Commonwealth Title
Zeri Romarino G $600,000 Commonwealth Title
Shavers Lewis -- --
Shavers Lewis -- --
Shavers Joe -- --
Shavers Joe -- Commonwealth Title
Shavers Joe $525,000 Commonwealth Title
Rouse William C -- --
Rouse William H -- --
Rouse William C -- --
Rouse William H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roman Baths Llc $1,525,000
Closed Roman Baths Llc $1,595,000
Previous Owner Zeri Romarino G $1,285,000
Previous Owner Zeri Romarino G $900,000
Previous Owner Zeri Romarino G $60,000
Previous Owner Shavers Joe $393,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2015 04/07/15 Sold $2,280,000 +1.3% $167 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $2,250,000 -- $165 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $34,521 $2,686,480 $1,880,538 $805,942
2023 $33,885 $2,633,805 $1,843,665 $790,140
2022 $32,377 $2,582,163 $1,807,515 $774,648
2021 $31,926 $2,531,533 $1,772,074 $759,459
2019 $31,008 $2,456,448 $1,719,514 $736,934
2018 $30,641 $2,408,284 $1,685,799 $722,485
2016 $29,176 $2,314,770 $1,620,339 $694,431
2015 $16,836 $1,279,204 $746,203 $533,001
2014 $16,995 $1,254,147 $731,586 $522,561
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14239826

California Regional Multiple Listing Service (CRMLS)

APN: 5051-005-020