NOT LISTED FOR SALE

4060 Stevely Ave Los Angeles, CA 90008

Baldwin Hills Neighborhood
6 Beds
6 Baths
20,188 Sq Ft
0.41 Acres

Last Sold January 13, 2021

Last sale price $4,395,000 $218 Per Sq Ft

1 Day on Market

Highlights

  • 0.41 Acre Lot
  • Laundry Room
  • 4-minute walk to Jim Gilliam Park

About This Home

As of January 2021

Rare opportunity to purchase a larger Baldwin Village apartment building at the end of a quiet street bordering Jim Gilliam Park. Seller has owned the property since 1977 and has maintained it with an open checkbook. Great bones for an investor to come in and do some remodeling and not have to worry about a lot of deferred maintenance. Soft story has been completed. Building consists of 2-studios(one of them is considered a "guest room" by the city because it does not have a kitchen), 10-1bed/1bath, 10-2bed/2bath, and 1-3bed/2bath. Property has 21 carports and 2 uncovered spaces. Expenses are lower than usual due to the fact tenants pay for their own trash collection. Don't let your buyer's miss this opportunity.

Last Agent to Sell the Property

Raymond Barrette

Barrette Real Estate Investments, Inc. License #01943971 Listed on: 09/03/2020

Co-Listed By

David Barrette

Barrette Real Estate Investments, Inc. License #00649253

Last Buyer's Agent

Raymond Barrette

Barrette Real Estate Investments, Inc. License #01943971 Listed on: 09/03/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Density is 21-25 Units/Acre

Home Design

  • 20,188 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 2 Open Parking Spaces
  • 23 Parking Spaces
  • 21 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 95
  • Tax Tract Number 23361
  • Assessor Parcel Number 5028002029

Community Details

Building Details

  • 23 Leased Units
  • Rent Control
  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $5,400
  • Gardener Expense $2,500
  • Insurance Expense $8,000
  • Maintenance Expense $15,000
  • Pest Control $1,000
  • Professional Management Expense $14,000
  • Water Sewer Expense $15,000
  • New Taxes Expense $50,543
  • Operating Expense $116,343
  • Gross Income $339,666
  • Net Operating Income $210,612

Additional Features

  • 23 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 4.80
  • Price Per Unit: 191086
  • Professional Management Expense: 14000.00
  • Property Attached: No
  • Water Sewer Expenses: 15000.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 2500.00
  • Parcel Number: 5028002029
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 217.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 21.00
  • Total Parking Spaces: 23.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 1000.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 18024.00
  • Lot Size Acres: 0.4138

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 2400.00
  • Fuel Expense: 5400.00
  • Gross Income: 339666.00
  • Gross Multiplier: 13.00
  • Gross Operating Income: 326955.00
  • Gross Scheduled Income: 337066.00
  • Insurance Expense: 8000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2600.00
  • Lot Size Area: 18024.0000 Square Feet
  • Maintenance Expense: 15000.00
  • Net Operating Income: 210612.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 23
  • Number Of Units Total: 23
  • Operating Expense: 116343.00
  • Rent Control: Yes
  • Total Actual Rent: 337056.00
  • Total Expenses: 116343.00
  • Vacancy Allowance: 10111

Tax Info

  • New Taxes Expense: 50543.00
  • Tax Census Tract: 2362.02
  • Tax Lot: 95
  • Tax Tract Number: 23361

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2021 01/13/21 Sold $4,395,000 0.0% $218 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $4,395,000 -- $218 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Raymond Barrette

    Barrette Real Estate Investments, Inc.

    Section Image
  • David Barrette

    Seller Co-Listing Agent in 2021

    David Barrette

    Barrette Real Estate Investments, Inc.

    (310) 542-1575

    1 in this area

    4 Total Sales

    David Barrette
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20181847

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90008 Baldwin Hills

4060 Stevely Ave, Los Angeles, CA

This home is located at 4060 Stevely Ave, Los Angeles, CA 90008 since 03 September 2020. This property was built in 1961. 4060 Stevely Ave is a home located in Los Angeles County with nearby schools including Hillcrest Drive Elementary School, Audubon Middle School, and Susan Miller Dorsey Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes