NOT LISTED FOR SALE

Estimated Value: $1,027,000 - $1,416,000

8 Beds
4 Baths
3,080 Sq Ft
$391/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $1,050,000 $341 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,592/month

4 Days on Market

Highlights

  • Card or Code Access
  • 4 Car Garage
  • Gated Home
  • Security System Owned

About This Home

As of May 2021

GREAT INVESTMENT OPPORTUNITY, 4 UNITS IN A PRIME LOCATION (LEIMERT PARK) THIS IS ONE OF THE MOST DESIREABLE AREAS IN LA , MINUTES FROM USC AS WELL AS EXPOSITION PARK AND BAC OF CALIFORNIA SOCCER STADIUM, 10 MINUTES TO DOWNTOWN. CLOSE TO ALL TRANSPORTATION AS WELL AS METRO RAIL. . These pride of ownership units are priced to sell. HUGE upside potential on this 4-unit building. This well cared for income property is centrally located in an area with an unprecedented amount of development contemplated and in process (i.e. the METRO, redevelopment of the Baldwin Hills Crenshaw Plaza, District Square and thousands of luxury condo & apartment units). Sold AS-IS!

Last Agent to Sell the Property

James Adams

Premier Properties & Invst. License #01102020 Listed on: 03/19/2021

Last Buyer's Agent

Osob Hashi-Maxwell

Keller Williams Beverly Hills License #01437794

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,909

Year Built

  • Built in 1944

Lot Details

  • 5,251 Sq Ft Lot
  • Gated Home

Parking

  • 4 Car Garage

Interior Spaces

  • 3,080 Sq Ft Home
  • 2-Story Property
  • Security System Owned

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 4 Units
  • Rent Control
  • Card or Code Access

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5023-007-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,909

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3080
  • Lot Acreage: 0.1205
  • Stories: 2
  • Year Built: 1944
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 355.52

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Garage Structures: 2
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Security: Gated, Card/Code Access, Owned, T.V.
  • Sewer: In Street
  • Water: Public

Lot Info

  • Assessed Improvement Percent: 59.10
  • Assessed Improvement Value: 170118
  • Assessed Land Percent: 40.9
  • Assessed Land Value: 117715
  • Total Assessed Value: 287833
  • Assessor Parcel Number: 5023-007-028
  • Lot Size Area: 5251

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.60
  • Number Of Units: 4
  • Total Annual Expense: 250
  • Type Of Units: Residential
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
Apr 1, 2021
Sold by
Brabson Elmer and Brabson Inez M
Bought by
Raymond Aaron and Raymond Family Sibling Revocab
Seller's Agent
James Adams
Premier Properties & Invst.
Buyer's Agent
Osob Hashi-Maxwell
Keller Williams Beverly Hills
List Price
$1,095,000
Sold Price
$1,050,000
Premium/Discount to List
-$45,000
-4.11%
Current Estimated Value
$1,180,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,677
Avg. Annual Appreciation
3.25%
Original Mortgage
$737,500
Outstanding Balance
$669,778
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$534,648

Purchase Details

Closed on
Dec 6, 1995
Sold by
Lasalle Cecile T and Brown Haska Boisy
Bought by
Brabson Elmer and Brabson Inez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,600
Interest Rate
7.18%
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
Raymond Aaron $1,050,000 Chicago Title Company
Brabson Elmer $189,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raymond Aaron $737,500
Previous Owner Brabson Elmer $143,500
Previous Owner Brabson Elmer $151,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2021 05/04/21 Sold $1,050,000 -4.1% $341 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $1,095,000 -- $356 / Sq Ft
Source: The MLS

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 $13,909 $1,136,552 $941,715 $194,837
2024 $13,909 $1,114,267 $923,250 $191,017
2023 $13,647 $1,092,420 $905,148 $187,272
2022 $13,025 $1,071,000 $887,400 $183,600
2021 $3,933 $290,814 $118,934 $171,880
2020 $3,966 $287,833 $117,715 $170,118
2019 $3,826 $282,190 $115,407 $166,783
2018 $3,759 $276,658 $113,145 $163,513
2016 $3,574 $265,916 $108,752 $157,164
2015 $3,527 $261,923 $107,119 $154,804
2014 $3,566 $256,793 $105,021 $151,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-707574

The MLS

APN: 5023-007-028