NOT LISTED FOR SALE

Estimated Value: $1,436,000 - $1,726,000

9 Beds
8 Baths
4,104 Sq Ft
$372/Sq Ft Est. Value

Last Sold June 27, 2023

Last sale price $1,475,000 $359 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,864/month

31 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Wall Furnace
  • John Marshall Senior High Rated A
  • Wood Fence

About This Home

As of June 2023

This is a wonderful investment opportunity located in the highly desirable Atwater Village area of Los Angeles. The property is a fourplex that consists of three two-story townhouse-style units, each with 2 bedrooms and 2 bathrooms, as well as a single-level back unit with 3 bedrooms and 2 bathrooms. All units have recently undergone remodeling, with updated kitchens that feature granite countertops & soft-close cabinets, newly renovated bathrooms, newer dual pane windows and vinyl wood looking flooring. The back unit has beautiful hardwood flooring and lovely front patio area. Each unit also includes a dedicated space for a washing machine. The property features separate electric and gas meters for each unit, providing convenience and cost-effectiveness for the landlord and tenants. Additionally, the main drain/sewer line has been recently upgraded, ensuring hassle-free maintenance for years to come. The roof has also been replaced within the last 6 years. Parking in the front of the building. The property is conveniently located near shopping, dining, Costco, Chevy Chase Park, and freeway access, making it an attractive option for potential renters. Overall, this fourplex offers an excellent opportunity for investors seeking a well-maintained and income-producing property in a highly sought-after area of Los Angeles. Don't miss out on this rare chance to own a valuable piece of real estate in Atwater Village.

Last Agent to Sell the Property

Nicholas Frias

Coldwell Banker Realty License #01988816 Listed on: 04/10/2023

Coldwell Banker Realty

Last Buyer's Agent

Herb Diaz

PLF REAL ESTATE SOLUTIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,688

Year Built

  • Built in 1964

Lot Details

  • 7,001 Sq Ft Lot
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Brick Fence
  • No Sprinklers

Home Design

  • 4,104 Sq Ft Home
  • Property Attached
  • Composition Roof

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • Parking Available
  • Paved Parking
  • Parking Lot

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 5593023017

Community Details

Overview

  • 4 Units
  • 21-Story Property

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $2,850
  • Water Sewer Expense $2,850
  • Operating Expense $5,350
  • Gross Income $55,200
  • Net Operating Income $49,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,688

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2850.00
  • Property Type: Residential Income
  • Parcel Number: 5593023017
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 21
  • Common Walls: 2+ Common Walls, No One Below
  • Flooring: Laminate, Wood
  • Appliances: No
  • Levels: One, Two
  • Price Per Square Foot: 339.91

Exterior Features

  • Fence: Yes
  • Fencing: Brick, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space, Paved
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2850.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7001.00
  • Lot Size Acres: 0.1607

Multi Family

  • Gross Income: 55200.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7001.0000 Square Feet
  • Net Operating Income: 49850.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5350.00
  • Other Expense Description: Water/trash together landlord pays water
  • Rent Control: Yes
  • Total Expenses: 5350.00

Tax Info

  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
May 15, 2023
Sold by
Aguilera Baywood Properties Llc
Bought by
Tinoco Alejandro and Tinoco Siena
Seller's Agent
Nicholas Frias
Coldwell Banker Realty
Buyer's Agent
Herb Diaz
PLF REAL ESTATE SOLUTIONS
List Price
$1,395,000
Sold Price
$1,475,000
Premium/Discount to List
$80,000
5.73%
Views
88
Current Estimated Value
$1,527,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,392
Avg. Annual Appreciation
0.41%
Original Mortgage
$1,399,062
Outstanding Balance
$1,362,870
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$125,384

Purchase Details

Closed on
Aug 22, 2015
Sold by
Aguilera Ramon
Bought by
Aguilera Baywood Properties Llc

Purchase Details

Closed on
Mar 28, 2015
Sold by
Aguilera Myrna M
Bought by
Aguilera Pete

Purchase Details

Closed on
May 19, 2011
Sold by
Aguilera Altagracia R
Bought by
Aguilera Altagracia R and Altagracia R Aguilera Living Trust
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
Tinoco Alejandro $1,475,000 Chicago Title Company
Aguilera Baywood Properties Llc -- None Available
Aguilera Pete -- None Available
Aguilera Gloria -- None Available
Martinez Juanita -- None Available
Arredondo Constance -- None Available
Aguilera Daniel -- None Available
Cabrera Elia -- None Available
Aguilera Ramona -- None Available
Aguilera Ramon -- None Available
Aguilera Altagracia R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tinoco Alejandro $1,399,062
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2023 06/27/23 Sold $1,475,000 +5.7% $359 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $1,395,000 -- $340 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $18,688 $1,028,712 $570,375 $458,337
2024 $18,688 $1,504,500 $867,000 $637,500
2023 $1,932 $107,872 $27,779 $80,093
2022 $1,862 $105,758 $27,235 $78,523
2021 $1,735 $103,685 $26,701 $76,984
2019 $1,692 $100,611 $25,910 $74,701
2018 $1,567 $98,639 $25,402 $73,237
2016 $1,453 $94,810 $24,416 $70,394
2015 $1,436 $93,387 $24,050 $69,337
2014 $1,467 $91,558 $23,579 $67,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-13169

Pasadena-Foothills Association of REALTORS®

APN: 5593-023-017