NOT LISTED FOR SALE

Estimated Value: $1,103,000 - $1,336,445

10 Beds
6 Baths
3,640 Sq Ft
$332/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $860,000 $236 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,196/month

Highlights

  • Built in 2019 | Newly Remodeled
  • Laundry Room
  • Front Yard
  • No HOA

About This Home

As of August 2019

This very desirable new construction income producing duplex is non-rent controlled. This contemporary duplex consists of 2 5-bedroom 3-bathroom units with one single car garage in the front unit and 2-car garage in the back unit. Each unit has an open floor plan with a large living area that includes granite countertops, tile flooring, carpet, solid wood cabinets and forced air heating. The property includes an artificial lawn for low cost landscaping maintenance. Conveniently located to access the newly renovated Downtown Los Angeles area.

Last Agent to Sell the Property

Kevin Via

Compass License #02042474 Listed on: 06/11/2019

Compass

Last Buyer's Agent

Roz Essner

Compass License #01377118

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2019 | Newly Remodeled

Lot Details

  • 5,401 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,640 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Listing and Financial Details

  • Tax Lot 388
  • Tax Tract Number 5745
  • Assessor Parcel Number 6063020017

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Built by Ocean Development Inc.

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $10,200
  • Water Sewer Expense $2,400
  • Operating Expense $13,000
  • Gross Income $72,000
  • Net Operating Income $59,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2019 | Newly Remodeled

Lot Details

5,401 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • New Construction: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6063020017
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 236.26

Exterior Features

  • Builder Name: Ocean Development Inc.
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5401.00
  • Lot Size Acres: 0.1240

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 10200.00
  • Lot Size Area: 5401.0000 Square Feet
  • Net Operating Income: 59000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 13000.00
  • Rent Control: No
  • Total Expenses: 13000.00

Tax Info

  • Tax Census Tract: 2408.00
  • Tax Lot: 388
  • Tax Tract Number: 5745

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Jun 18, 2019
Sold by
Ocean Development
Bought by
Bellport Llc
Seller's Agent
Kevin Via
Compass
Buyer's Agent
Roz Essner
Compass
List Price
$869,000
Sold Price
$860,000
Premium/Discount to List
-$9,000
-1.04%
Current Estimated Value
$1,206,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,861
Avg. Annual Appreciation
5.32%

Purchase Details

Listed on
Jul 3, 2018
Closed on
Aug 9, 2018
Sold by
Cook Maudra D
Bought by
Ocean Development Inc
Seller's Agent
BRENDA RADLEY
BRENDA SUSAN RADLEY
Buyer's Agent
BRENDA RADLEY
BRENDA SUSAN RADLEY
List Price
$380,000
Sold Price
$355,000
Premium/Discount to List
-$25,000
-6.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
156.33%

Purchase Details

Closed on
Feb 27, 2001
Sold by
Cook Donald W
Bought by
Cook Maudra D

Purchase Details

Closed on
Nov 19, 1997
Sold by
Cook Donald W
Bought by
Cook Donald W and Cook Maudra D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bellport Llc $860,000 Lawyers Title
Ocean Development Inc $355,000 Western Resources Title
Cook Maudra D -- --
Cook Donald W -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cook Donald W $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2019 08/01/19 Sold $860,000 -1.0% $236 / Sq Ft
06/11/2019 06/11/19 For Sale $869,000 +144.8% $239 / Sq Ft
08/22/2018 08/22/18 Sold $355,000 -2.7% $266 / Sq Ft View Prior Sale
08/02/2018 08/02/18 Pending -- -- --
07/26/2018 07/26/18 Price Changed $365,000 -3.9% $274 / Sq Ft
07/03/2018 07/03/18 For Sale $380,000 -- $285 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,751 $940,531 $410,115 $530,416
2024 $11,751 $922,090 $402,074 $520,016
2023 $11,528 $904,011 $394,191 $509,820
2022 $11,003 $886,286 $386,462 $499,824
2021 $10,853 $868,909 $378,885 $490,024
2019 $4,658 $355,000 $275,500 $79,500
2018 $2,333 $170,259 $100,488 $69,771
2016 $2,214 $163,649 $96,587 $67,062
2015 $2,180 $161,192 $95,137 $66,055
2014 $2,188 $158,036 $93,274 $64,762
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19183836

California Regional Multiple Listing Service (CRMLS)

APN: 6063-020-017

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