NOT LISTED FOR SALE

Estimated Value: $950,000 - $1,293,315

7 Beds
5 Baths
3,679 Sq Ft
$296/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $981,000 $267 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,006/month

285 Days on Market

Highlights

  • Gated Parking
  • Colonial Architecture
  • Corner Lot
  • Views of Trees
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of March 2024

Major Price Reduction! Trustee's open to reasonable offers on this Extraordinary Investor, Owner/User opportunity in sought-after Leimert Park adjacent neighborhood! 3 units comprised in two separate buildings on an enclosed (fenced) extremely large lot! Property offers upside income potential, and/or endless (remodel, ADU or other expansion) possibilities. Sold in its current "as is" "fixer" with two (2) vacant unit condition. Trust Sale, court approval is NOT required.

Last Agent to Sell the Property

Deborah Justice

Justice Ray Realty License #00892277 Listed on: 04/05/2023

Justice Ray Realty

Last Buyer's Agent

Jonathan Williams

Real Estate eBroker, Inc. License #01778648

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,465

Year Built

  • Built in 1926

Lot Details

  • 7,796 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Fenced Yard
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Driveway
  • Gated Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 3,679 Sq Ft Home
  • 2-Story Property
  • Wainscoting
  • Ceiling Fan
  • Blinds
  • Views of Trees

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Public Hookup Available For Sewer

Additional Features

  • Covered Patio or Porch
  • City Lot

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • Assessor Parcel Number 5022-017-035

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,465

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish Colonial
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 3679
  • Lot Acreage: 0.1790
  • Price Per Unit: 318750.00
  • Property Condition: Repair Cosmetic, Additions/Alter
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Wainscotting, Detached/No Common Walls
  • Flooring: Laminate, Hardwood, Tile, Mixed
  • Bedrooms: 7
  • Common Walls: Attached
  • Total Bathrooms: 5.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 257.95
  • Windows: Mini Blinds

Exterior Features

  • Direction Faces: West
  • Other Features: Two On A Lot
  • Other Structures: Other
  • Patio: Porch - Rear, Covered
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: Walk Street, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Garage Is Attached, Gated, Driveway
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Gated
  • Sewer: Public Hookup Available
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 80.82
  • Assessed Improvement Value: 111537
  • Assessed Land Percent: 19.18
  • Assessed Land Value: 26478
  • Total Assessed Value: 138015
  • Assessor Parcel Number: 5022-017-035
  • Lot Description: Front Yard, Fenced Yard, Back Yard, Fenced, Walk Street, Yard, Single Lot
  • Lot Location: Corner Lot, City
  • Lot Size Area: 7796

Rental Info

  • Lease Per Month Year: Month
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 19.75
  • Number Of Units: 4
  • Total Annual Expense: 16199
  • Type Of Units: Duplex x 2=4
  • Vacancy Rate: 2%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 10, 2024
Sold by
Smith Julian and Bortugno Elena
Bought by
Elj Property Llc
Seller's Agent
Deborah Justice
Justice Ray Realty
Buyer's Agent
Jonathan Williams
Real Estate eBroker, Inc.
List Price
$1,189,000
Sold Price
$981,000
Premium/Discount to List
-$208,000
-17.49%
Views
312
Current Estimated Value
$1,088,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,829
Avg. Annual Appreciation
2.55%

Purchase Details

Listed on
Apr 5, 2023
Closed on
Mar 6, 2024
Sold by
Sauchsee Larkins Trust
Bought by
Bortugno Elena and Smith Julian
Seller's Agent
Deborah Justice
Justice Ray Realty
Buyer's Agent
Jonathan Williams
Real Estate eBroker, Inc.
List Price
$1,189,000
Sold Price
$981,000
Premium/Discount to List
-$208,000
-17.49%
Views
312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$931,950
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2017
Sold by
Larkins Sauchsee
Bought by
Larkins Sauchsee and Sauchsee Larkins Trust

Purchase Details

Closed on
Jun 10, 2016
Sold by
Larkins Sauchsee
Bought by
Larkins Sauchsee

Purchase Details

Closed on
Oct 3, 2012
Sold by
Larkins Melvin C
Bought by
Larkins Melvin C and Melvin C Larkins 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
Elj Property Llc -- None Listed On Document
Bortugno Elena $981,000 Lawyers Title Company
Larkins Sauchsee -- None Available
Larkins Sauchsee -- None Available
Larkins Melvin C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bortugno Elena $931,950
Previous Owner Larkins Melvin C $365,500
Previous Owner Larkins Melvin C $52,000
Previous Owner Larkins Melvin C $450,000
Previous Owner Larkins Melvin C $360,000
Previous Owner Larkins Melvin C $275,000
Previous Owner Larkins Melvin C $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Sold $981,000 +3.4% $267 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
11/16/2023 11/16/23 Price Changed $949,000 -4.6% $258 / Sq Ft
10/07/2023 10/07/23 Price Changed $995,000 -0.4% $270 / Sq Ft
07/23/2023 07/23/23 Price Changed $998,750 -16.0% $271 / Sq Ft
04/05/2023 04/05/23 For Sale $1,189,000 -- $323 / 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 $14,465 $1,000,620 $918,000 $82,620
2024 $14,465 $1,167,328 $848,966 $318,362
2023 $14,191 $1,144,440 $832,320 $312,120
2022 $2,071 $138,015 $26,478 $111,537
2021 $2,029 $135,309 $25,959 $109,350
2020 $2,043 $133,922 $25,693 $108,229
2019 $1,978 $131,297 $25,190 $106,107
2018 $1,868 $128,724 $24,697 $104,027
2016 $1,763 $123,728 $23,739 $99,989
2015 $1,741 $121,871 $23,383 $98,488
2014 $1,764 $119,484 $22,925 $96,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-257283

The MLS

APN: 5022-017-035