NOT LISTED FOR SALE

4225 City Terrace Dr Los Angeles, CA 90063

Estimated Value: $595,000 - $816,000

3 Beds
3 Baths
2,200 Sq Ft
$322/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $550,000 $250 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,692/month

234 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Abraham Lincoln High School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of September 2021

We are pleased to offer this 3-unit multifamily investment property located at 4225 City Terrace Dr., Los Angeles. The 2,256 square foot property consists of three 1 bedroom 1 bath units with 2 rear parking spaces. All units are occupied on a month to month tenancy. The exterior received a fresh coat of paint. Centrally located and within a few blocks from Cal State LA and the USC School of Medicine - Keck Hospital - LA C-USC Medical Center. Easy access to DTLA , Little Tokyo & the Metro Gold Line along with major highways 5/10/60/710 FWY.The apartments are separately metered for gas and electricity.

ALL UNITS TO BE DELIVERED OCCUPIED.

Last Agent to Sell the Property

Ray Roberts

Ray Roberts Realty License #00551809 Listed on: 12/12/2020

Last Buyer's Agent

Reina Sandoval

COMPASS License #02043223

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,020

Year Built

  • Built in 1949

Lot Details

  • 2,256 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Private Parking
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Private Water Source

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 244
  • Tax Tract Number 7812
  • Assessor Parcel Number 5226013003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $10,597
  • Gross Income $30,276
  • Net Operating Income $10,596

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,020

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Price Per Unit: 189000
  • Property Attached: Yes
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 5226013003
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 250.00

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Private, Uncovered
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Private, Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2256.00
  • Lot Size Acres: 0.0518

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 30276.00
  • Gross Multiplier: 18.79
  • Gross Scheduled Income: 30276.00
  • Lot Size Area: 2256.0000 Square Feet
  • Net Operating Income: 10596.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 10596.60
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Total Actual Rent: 3.00
  • Total Expenses: 10597.00

Tax Info

  • Tax Lot: 244
  • Tax Tract Number: 7812

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2020
Closed on
Sep 7, 2021
Sold by
Arellanes Isabella Cordova
Bought by
Arellanes Andres
Seller's Agent
Ray Roberts
Ray Roberts Realty
Buyer's Agent
Reina Sandoval
COMPASS
List Price
$560,000
Sold Price
$550,000
Premium/Discount to List
-$10,000
-1.79%
Current Estimated Value
$707,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,754
Avg. Annual Appreciation
6.64%
Original Mortgage
$412,500
Outstanding Balance
$376,162
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$331,592

Purchase Details

Listed on
Dec 12, 2020
Closed on
Aug 19, 2021
Sold by
Scott Azucena Sanchez and The Sanchez Trust
Bought by
Huang John Chien and Ayala Noel
Seller's Agent
Ray Roberts
Ray Roberts Realty
Buyer's Agent
Reina Sandoval
COMPASS
List Price
$560,000
Sold Price
$550,000
Premium/Discount to List
-$10,000
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Outstanding Balance
$376,162
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$331,592

Purchase Details

Closed on
Sep 15, 1997
Sold by
Sanchez Hector
Bought by
Sanchez Hector and Sanchez Hermelinda G

Purchase Details

Closed on
Jun 8, 1995
Sold by
Agripin Rosa S
Bought by
Sanchez Hector and Sanchez Hermelinda G
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
Arellanes Andres -- Wfg Title Company
Huang John Chien $550,000 Wfg Title Company
Sanchez Hector -- --
Sanchez Hector -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang John Chien $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $550,000 -1.8% $250 / Sq Ft
05/21/2021 05/21/21 For Sale $560,000 +1.8% $255 / Sq Ft
03/30/2021 03/30/21 Off Market $550,000 -- --
02/25/2021 02/25/21 Price Changed $567,000 -0.4% $258 / Sq Ft
12/12/2020 12/12/20 For Sale $569,000 -- $259 / 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 $10,020 $712,069 $498,767 $213,302
2024 $10,020 $698,108 $488,988 $209,120
2023 $9,601 $684,420 $479,400 $205,020
2022 $9,167 $671,000 $470,000 $201,000
2021 $2,687 $108,405 $43,358 $65,047
2020 $2,694 $107,735 $42,914 $64,821
2019 $2,631 $105,632 $42,073 $63,559
2018 $2,573 $103,571 $41,249 $62,322
2016 $2,470 $99,129 $39,649 $59,480
2015 $2,441 $97,641 $39,054 $58,587
2014 $2,451 $95,729 $38,289 $57,440
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Ray Roberts

    Ray Roberts Realty

    (562) 430-3588

    1 in this area

    1 Total Sale

    Section Image
  • Reina Sandoval

    Buyer's Agent in 2021

    Reina Sandoval

    COMPASS

    (323) 485-2771

    4 in this area

    34 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20252253

California Regional Multiple Listing Service (CRMLS)

APN: 5226-013-003

California Los Angeles County Los Angeles 90063

4225 City Terrace Dr, Los Angeles, CA

This home is located at 4225 City Terrace Dr, Los Angeles, CA 90063 since 12 December 2020 and is currently estimated at $707,754, approximately $321 per square foot. This property was built in 1949. 4225 City Terrace Dr is a home located in Los Angeles County with nearby schools including City Terrace Elementary School, El Sereno Middle School, and Woodrow Wilson Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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