NOT LISTED FOR SALE

Estimated Value: $1,436,065 - $1,900,000

4 Beds
4 Baths
1,487 Sq Ft
$1,108/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $1,300,000 $874 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $10,320/month

Highlights

  • Fishing
  • No HOA
  • Garden
  • Culver City Middle School Rated A-
  • Laundry Room
  • 3-minute walk to Culver West Alexander Park

About This Home

As of April 2021

Charming triplex in Culver City minutes from Marina Del Rey and Venice Beach. Easy access to the westside and Silicon Beach. The 1,487 square foot property includes a two bedroom two bathroom unit with a den, as well as 2 one bedroom one bathroom units. Large driveway with lots of outside parking, as well as 4 individual garages. Fantastic opportunity to live in the two bedroom unit and collect income from the other two units. Very walkable located steps to Washington Blvd and a myriad of retail and commercial offerings including restaurants and services.

Last Agent to Sell the Property

Warren Berzack

Warren Lee Berzack License #01329015 Listed on: 02/06/2021

Warren Lee Berzack

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,368

Year Built

  • Built in 1926

Lot Details

  • 6,256 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Garden

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 1,487 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 2453
  • Assessor Parcel Number 4231026002

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Fishing
  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $1,481
  • Gardener Expense $2,160
  • Insurance Expense $1,292
  • Maintenance Expense $4,918
  • Other Expense $300
  • Pest Control $471
  • Water Sewer Expense $1,040
  • New Taxes Expense $16,200
  • Operating Expense $28,262
  • Gross Income $70,992
  • Net Operating Income $40,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,368

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.01
  • Property Attached: Yes
  • Water Sewer Expenses: 1040.00
  • Zoning: CCR2*
  • Property Type: Residential Income
  • Gardener Expense: 2160.00
  • Parcel Number: 4231026002
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 874.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 471.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Park, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Landscaped, Walkstreet
  • Lot Size Sq Ft: 6256.00
  • Lot Size Acres: 0.1436

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 1481.00
  • Gross Income: 70992.00
  • Gross Multiplier: 18.99
  • Gross Operating Income: 68862.00
  • Gross Scheduled Income: 70992.00
  • Insurance Expense: 1292.00
  • Lot Size Area: 6256.0000 Square Feet
  • Maintenance Expense: 4918.00
  • Net Operating Income: 40600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 28262.00
  • Other Expense: 300.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Actual Rent: 5916.00
  • Total Expenses: 28262.00

Tax Info

  • New Taxes Expense: 16200.00
  • Tax Census Tract: 7028.03
  • Tax Lot: 15
  • Tax Tract Number: 2453

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2008
Sold by
Devarennes James
Bought by
Kad Llc
Current Estimated Value
$1,647,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Outstanding Balance
$363,599
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,283,667

Purchase Details

Closed on
Oct 12, 2006
Sold by
Kad Llc
Bought by
Devarennes James

Purchase Details

Closed on
Dec 8, 2005
Sold by
Devarennes James
Bought by
Kad Llc

Purchase Details

Closed on
Oct 11, 2000
Sold by
Devarennes Jim
Bought by
Devarennes James and Devarennes Kasey Walker

Purchase Details

Closed on
Oct 27, 1999
Sold by
Devarennes Jim
Bought by
Devarennes Jim and Devarennes Kasey

Purchase Details

Closed on
Aug 18, 1999
Sold by
Hillman John E
Bought by
Devarennes Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
7.56%
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
Kad Llc -- Southland Title Corporation
Devarennes James -- Southland Title Corporation
Devarennes James -- Accommodation
Devarennes James -- Accommodation
Kad Llc -- --
Devarennes James -- --
Devarennes Jim -- Commonwealth Land Title Co
Devarennes Jim $258,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kad Llc $570,000
Previous Owner Devarennes Jim $206,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2021 04/08/21 Sold $1,300,000 -3.7% $874 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $1,350,000 0.0% $908 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
02/06/2021 02/06/21 For Sale $1,350,000 -- $908 / 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
2025 $20,368 $1,407,161 $1,082,432 $324,729
2024 $19,830 $1,379,570 $1,061,208 $318,362
2023 $19,809 $1,352,520 $1,040,400 $312,120
2022 $18,164 $1,326,000 $1,020,000 $306,000
2021 $7,714 $366,325 $283,980 $82,345
2020 $7,450 $362,870 $281,069 $81,801
2019 $7,331 $355,761 $275,558 $80,203
2018 $6,937 $348,792 $270,155 $78,637
2016 $6,244 $334,961 $259,665 $75,296
2015 $6,216 $329,930 $255,765 $74,165
2014 $6,210 $323,468 $250,755 $72,713
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21025277

California Regional Multiple Listing Service (CRMLS)

APN: 4231-026-002