NOT LISTED FOR SALE

4251 6th Ave Los Angeles, CA 90008

Leimert Park Neighborhood

Estimated Value: $758,000 - $1,041,000

3 Beds
2 Baths
1,643 Sq Ft
$548/Sq Ft Est. Value

Last Sold March 27, 2012

Last sale price $269,500 $164 Per Sq Ft

Est. 234% increase in value since last sale

Current estimated payment $5,066/month

259 Days on Market

About This Home

As of March 2012

FANTASTIC OPPORTUNITY FOR YOU TO LIVE IN; AND AT THE SAME TIME...RECEIVE INCOME!!! LOW DOWN PAYMENT!!! SELLER MAY HELP WITH CLOSING COSTS! Charming Duplex in quiet area; first unit is a 1 bdrm with one bath.(685 sq. ft.) Second unit 2 bdrm. with 1 bath. (984 sq. ft.) Both with fireplaces in livingrooms. Hardwood and ceramic tile floors in both units. Total living space 1669 sq. ft. A true must see!!! SHOWN BY APPOINTMENT ONLY! PLEASE SEE AGENT REMARKS.

Last Agent to Sell the Property

Michele Burnett

Michele Burnett, Broker License #01446124 Listed on: 06/08/2011

Last Buyer's Agent

Michele Burnett

Michele Burnett, Broker License #01446124 Listed on: 06/08/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,207

Year Built

  • Built in 1938

Lot Details

  • 6,534

Parking

  • 2 Parking Spaces

Home Design

  • 1,643 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Additional Features

  • 6,534 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 324
  • Tax Tract Number 9741
  • Assessor Parcel Number 5023017013

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,000
  • Insurance Expense $1,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $42,150
  • Gross Income $1,625
  • Net Operating Income $1,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,207

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 0.67
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 5023017013
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 164.03

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 1625.00
  • Gross Multiplier: 129.55
  • Gross Scheduled Income: 2200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 0.1500 Acres
  • Net Operating Income: 1900.00
  • 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: 300.00

Tax Info

  • New Taxes Expense: 42150.00
  • Tax Lot: 324
  • Tax Tract Number: 9741

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2011
Closed on
Feb 22, 2012
Sold by
Burnett Michele L and Carrie O Jolly Living Trust
Bought by
Jones Jillian B
Seller's Agent
Michele Burnett
Michele Burnett, Broker
Buyer's Agent
Michele Burnett
Michele Burnett, Broker
List Price
$340,000
Sold Price
$269,500
Premium/Discount to List
-$70,500
-20.74%
Current Estimated Value
$900,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$631,401
Avg. Annual Appreciation
9.29%
Original Mortgage
$262,667
Outstanding Balance
$180,814
Interest Rate
3.99%
Mortgage Type
FHA
Estimated Equity
$720,087

Purchase Details

Closed on
Jun 1, 2009
Sold by
Jolly Carrie O
Bought by
Carrie O Jolly Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2009
Sold by
Jolly Carrie O and Carrie O Jolly Living Trust
Bought by
Jolly Carrie O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2004
Sold by
Mcdaniel Carrie O and Jolly Carrie O
Bought by
Jolly Carrie O and Carrie O Jolly Living Trust
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
Jones Jillian B $269,500 Lawyers Title
Carrie O Jolly Living Trust -- Lawyers Title
Jolly Carrie O -- North American Title Company
Jolly Carrie O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Jillian B $262,667
Previous Owner Jolly Carrie O $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2012 03/27/12 Sold $269,500 -20.7% $164 / Sq Ft
02/22/2012 02/22/12 Pending -- -- --
06/08/2011 06/08/11 For Sale $340,000 -- $207 / 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 $4,207 $338,494 $212,895 $125,599
2024 $4,207 $331,858 $208,721 $123,137
2023 $4,131 $325,352 $204,629 $120,723
2022 $3,948 $318,973 $200,617 $118,356
2021 $3,889 $312,720 $196,684 $116,036
2019 $3,776 $303,447 $190,851 $112,596
2018 $3,695 $297,498 $187,109 $110,389
2016 $3,521 $285,948 $179,845 $106,103
2015 $3,470 $281,654 $177,144 $104,510
2014 $3,494 $276,137 $173,674 $102,463
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Michele Burnett

    Michele Burnett, Broker

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P784666

California Regional Multiple Listing Service (CRMLS)

APN: 5023-017-013

California Los Angeles County Los Angeles 90008 Leimert Park

4251 6th Ave, Los Angeles, CA

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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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