NOT LISTED FOR SALE

4249 Garthwaite Ave Los Angeles, CA 90008

Leimert Park Neighborhood

Estimated Value: $1,047,000 - $2,185,000

1 Bed
1 Bath
7,108 Sq Ft
$208/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $2,620,000 $369 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $9,480/month

43 Days on Market

About This Home

As of September 2021

4249 and 4253 Garthwaite Avenue are two fourplexes on two contiguous parcels for sale in Los Angeles’ Leimert Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset in a desirable residential area known for its tree-lined streets and convenient proximity to popular retail (the Baldwin Hills-Crenshaw Mall is less than a mile away), and current rents present the opportunity to capture 21 percent potential upside.

4249 and 4253 Garthwaite Avenue are charming two-story 1937 constructions with a total of eight one-bedroom/one-bath units with large floorplans that average nearly 900 square feet. The units are separately metered for gas and electricity, and the property also offers eight single-car garages that are accessed via a rear alley.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 06/21/2021

Last Buyer's Agent

ASHLEY YOUNG

MERIDIAN CAPITAL REAL ESTATE License #01961126

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,855

Year Built

  • Built in 1937

Lot Details

  • 10,525 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • 5023007008

Parking

  • 8 Car Garage

Home Design

  • 7,108 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 539
  • Tax Tract Number 9741
  • Assessor Parcel Number 5023007007

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Operating Expense $52,527
  • Gross Income $158,268
  • Net Operating Income $103,367

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,855

Year Built

Built in 1937

Lot Details

0

Parking

8

Listing Details

  • Other Phone Description: Listing Team
  • Other Phone Number: 4244053862
  • Property Attached: No
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5023007007
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 368.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5023007008
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 10525.00
  • Lot Size Acres: 0.2416

Multi Family

  • Gross Income: 158268.00
  • Gross Scheduled Income: 158268.00
  • Lot Size Area: 10525.0000 Square Feet
  • Net Operating Income: 103367.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 52527.00
  • Rent Control: Yes
  • Total Expenses: 52527.00

Tax Info

  • Tax Census Tract: 2343.00
  • Tax Lot: 539
  • Tax Tract Number: 9741

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Sep 15, 2021
Sold by
S Victoria Properties Llc
Bought by
Young Morris L
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
ASHLEY YOUNG
MERIDIAN CAPITAL REAL ESTATE
List Price
$2,650,000
Sold Price
$2,620,000
Premium/Discount to List
-$30,000
-1.13%
Current Estimated Value
$1,482,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,138,000
Avg. Annual Appreciation
-13.53%
Original Mortgage
$854,000
Outstanding Balance
$786,447
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$695,553

Purchase Details

Closed on
Mar 18, 2019
Sold by
Garthwaite Gardens Llc
Bought by
S Victoria Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2018
Sold by
Blonder David
Bought by
Garthwaite Gardens Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,290,000
Interest Rate
3.99%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 26, 2016
Sold by
Blonder Pessie Eynat
Bought by
Blonder David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2016
Sold by
Gartrell Mary L
Bought by
Blonder David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2007
Sold by
Gartrell William
Bought by
Gartrell William and Gartrell Mary L

Purchase Details

Closed on
Jan 3, 2006
Sold by
Gartrell William
Bought by
Gartrell William and Gartrell Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 1995
Sold by
Gartrell William
Bought by
Gartrell William and Gartrell Mary L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Young Morris L $2,620,000 North American Title
S Victoria Properties Llc $2,200,000 Old Republic Title Company
Garthwaite Gardens Llc -- First American Title Company
Blonder David -- First American Title Co
Blonder David $625,000 First American Title Co
Gartrell William -- None Available
Gartrell William -- First American Title Ins Co
Gartrell William -- First American Title Ins Co
Gartrell William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Morris L $854,000
Previous Owner S Victoria Properties Llc $1,100,000
Previous Owner Garthwaite Gardens Llc $1,338,000
Previous Owner Garthwaite Gardens Llc $1,290,000
Previous Owner Blonder David $468,750
Previous Owner Gartrell Mary L $468,750
Previous Owner Gartrell William $100,000
Previous Owner Gartrell William $23,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $2,620,000 -1.1% $369 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $2,650,000 -- $373 / 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 $16,855 $1,390,182 $1,061,208 $328,974
2024 $16,855 $1,362,924 $1,040,400 $322,524
2023 $16,534 $1,336,200 $1,020,000 $316,200
2022 $15,773 $1,310,000 $1,000,000 $310,000
2021 $13,797 $1,133,623 $927,510 $206,113
2019 $8,736 $703,800 $510,000 $193,800
2018 $11,267 $907,800 $510,000 $397,800
2016 $1,370 $85,067 $30,419 $54,648
2015 $1,355 $83,791 $29,963 $53,828
2014 $1,389 $82,151 $29,377 $52,774
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    1 in this area

    97 Total Sales

    Section Image

  • A

    Buyer's Agent in 2021

    ASHLEY YOUNG

    MERIDIAN CAPITAL REAL ESTATE

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21134355

California Regional Multiple Listing Service (CRMLS)

APN: 5023-007-007

California Los Angeles County Los Angeles 90008 Leimert Park

4249 Garthwaite Ave, Los Angeles, CA

This home is located at 4249 Garthwaite Ave, Los Angeles, CA 90008 since 21 June 2021 and is currently estimated at $1,482,000, approximately $208 per square foot. This property was built in 1937. 4249 Garthwaite Ave is a home located in Los Angeles County with nearby schools including Forty-Second Street Elementary School, Audubon Middle School, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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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