NOT LISTED FOR SALE

Estimated Value: $904,000 - $1,014,000

4 Beds
3 Baths
2,200 Sq Ft
$434/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $760,000 $345 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,302/month

857 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard

About This Home

As of October 2020

Fantastic Opportunity with great Cap rate in the Hot Neighborhood. Location Location Location in up in coming Leimert Park. One two bedroom one bathroom and Two One bedroom One bathroom. Long Drive way and each unit has own garage with the back unit having a backyard. Perfect opportunity for investor or Primary Residence. Six Minutes from the 1.2 Billion dollar Lucas Museum currently under construction. Ten minutes from USC. Move in or hold for Rental Income.

Last Agent to Sell the Property

Redon Draper

RE/MAX College Park Realty License #01973093 Listed on: 03/29/2018

RE/MAX College Park Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,613

Year Built

  • Built in 1946

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • 2,200 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 192
  • Tax Tract Number 2195
  • Assessor Parcel Number 5022026004

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $100
  • Gross Income $56,400
  • Net Operating Income $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,613

Year Built

Built in 1946

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 5022026004
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 345.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Average Studio Area: 952 Square Feet
  • Gross Income: 56400.00
  • Gross Multiplier: 8.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 100.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 5000.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 5000.00
  • Rent Control: Yes
  • Total Actual Rent: 3465.00

Tax Info

  • Tax Census Tract: 2340.00
  • Tax Lot: 192
  • Tax Tract Number: 2195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2020
Sold by
Jones Elvin W
Bought by
Jones Jahann and Warner Gayle
Current Estimated Value
$974,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 1993
Sold by
Trent Reginald G and Trent Donella J
Bought by
Jones Elvin W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.25%
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
Jones Jahann $760,000 Orange Coast Title Company
Jones Elvin W $160,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Jahann $608,000
Previous Owner Jones Elvin W $168,000
Previous Owner Jones Elvin W $153,500
Previous Owner Jones Elvin W $128,000
Closed Jones Elvin W $27,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2020 10/05/20 Sold $760,000 +1.3% $345 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $750,000 -1.3% $341 / Sq Ft
03/18/2020 03/18/20 Off Market $760,000 -- --
08/28/2019 08/28/19 For Sale $750,000 -1.3% $341 / Sq Ft
08/02/2019 08/02/19 Off Market $760,000 -- --
01/22/2019 01/22/19 Price Changed $750,000 +8.7% $341 / Sq Ft
07/11/2018 07/11/18 Price Changed $690,000 -4.0% $314 / Sq Ft
05/30/2018 05/30/18 Price Changed $719,000 -7.8% $327 / Sq Ft
04/24/2018 04/24/18 Price Changed $780,000 -6.0% $355 / Sq Ft
03/29/2018 03/29/18 For Sale $830,000 -- $377 / 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 $11,613 $952,186 $649,458 $302,728
2024 $11,613 $933,517 $636,724 $296,793
2023 $9,901 $790,704 $624,240 $166,464
2022 $9,451 $775,200 $612,000 $163,200
2021 $9,329 $760,000 $600,000 $160,000
2020 $3,295 $248,641 $166,282 $82,359
2019 $3,175 $243,767 $163,022 $80,745
2018 $3,090 $238,988 $159,826 $79,162
2016 $2,939 $229,710 $153,621 $76,089
2015 $2,898 $226,261 $151,314 $74,947
2014 $2,928 $221,829 $148,350 $73,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN18072621

California Regional Multiple Listing Service (CRMLS)

APN: 5022-026-004