NOT LISTED FOR SALE
6 Beds
6 Baths
5,546 Sq Ft
5,835 Sq Ft Lot

Last Sold June 23, 2014

Last sale price $660,000 $119 Per Sq Ft

27 Days on Market

About This Home

As of June 2014

Great investment opportunity. Nearby is the Santa Barbara Shopping Center, Baldwin Hills Crenshaw Plaza , Ranco Cienega Recreation Center, Jim Gilliam Park, Kenneth Hahn State Recreation Area and Little Africa Community Center. Also close by are restaurants, numerous libraries, and grocery stores. The schools for this school district are Hillcrest Drive Elementary, Audubon Middle and Susan Miller Dorsey Senior High.

Last Agent to Sell the Property

Karl Parize

Momentum Realty Group License #01364278 Listed on: 03/19/2014

Last Buyer's Agent

Karl Parize

Momentum Realty Group License #01364278 Listed on: 03/19/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,835 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage

Home Design

  • 5,546 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 116
  • Tax Tract Number 1
  • Assessor Parcel Number 5024016001

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $636
  • Maintenance Expense $4,800
  • Professional Management Expense $5,400
  • Trash Expense $878
  • Water Sewer Expense $6,900
  • New Taxes Expense $9,863
  • Gross Income $4,506
  • Net Operating Income $43,257

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 5400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6900.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5024016001
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 119.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 878.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 5835.00
  • Lot Size Acres: 0.1340

Multi Family

  • Electric Expense: 636.00
  • Gross Income: 4506.00
  • Gross Scheduled Income: 54072.00
  • Lot Size Area: 5835.0000 Square Feet
  • Maintenance Expense: 4800.00
  • Net Operating Income: 43257.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 10814.00
  • Operating Expense Percent: 20.00
  • Rent Control: Yes
  • Total Actual Rent: 4509.00

Tax Info

  • New Taxes Expense: 9863.00
  • Tax Area: 68
  • Tax Lot: 116
  • Tax Tract Number: 1
  • Tax Year: 2012

Range of Values:

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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
06/23/2014 06/23/14 Sold $660,000 -16.3% $119 / Sq Ft
03/26/2014 03/26/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $789,000 -- $142 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14041295

California Regional Multiple Listing Service (CRMLS)