NOT LISTED FOR SALE

4226 Stillwell Ave Los Angeles, CA 90032

El Sereno Neighborhood
5 Beds
3 Baths
7,440 Sq Ft
1986 Built

Last Sold August 16, 2017

Last sale price $1,700,000 $228 Per Sq Ft

23 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Sierra Vista Elementary School Rated 9+
  • Wall Furnace

About This Home

As of August 2017

We are pleased to exclusively offer for sale this 8 unit multi-family investment in the city of Los Angeles (just south of South Pasadena and just west of the city of Alhambra.) The subject property was constructed in 1986 and thus is not subject to rent control and a rare find in the city. The unit mix is comprised of 4(2Bed/1Bath) units, and 4(1Bed/1Bath) units, all of which are separately metered for electricity and gas. This region of the city of Los Angeles has undergone tremendous change within the last 5 years creating never seen before demand for rental units, and a significant increase in market rental rates. By repositioning this asset a new investor can significantly increase the asking rents for the building and earn a very lucrative positive cash-flow.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 05/24/2017

RE/MAX 2000 REALTY

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,498 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 5 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 7,440 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 116
  • Tax Tract Number 3386
  • Assessor Parcel Number 5309014022

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,900
  • Insurance Expense $2,160
  • Maintenance Expense $5,500
  • Other Expense $1,200
  • Trash Expense $1,900
  • Water Sewer Expense $1,900
  • New Taxes Expense $21,453
  • Operating Expense $36,013
  • Gross Income $113,400
  • Net Operating Income $73,985

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1900.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 5309014022
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 228.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1900.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7498.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1900.00
  • Gross Income: 113400.00
  • Gross Operating Income: 109998.00
  • Gross Scheduled Income: 113400.00
  • Insurance Expense: 2160.00
  • Laundry Income: 600.00
  • Maintenance Expense: 5500.00
  • Net Operating Income: 73985.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 36013.00
  • Other Expense: 1200.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 9400.00
  • Total Expenses: 36013.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21453.00
  • Tax Census Tract: 2011.20
  • Tax Lot: 116
  • Tax Tract Number: 3386

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2017 08/16/17 Sold $1,700,000 -5.6% $228 / Sq Ft
06/16/2017 06/16/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $1,800,000 -- $242 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2017

    Kristopher German

    RE/MAX

    (909) 645-0443

    2 in this area

    124 Total Sales

    Kristopher German
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    6,006 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17113314

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90032 El Sereno

4226 Stillwell Ave, Los Angeles, CA

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

Nearby Homes