NOT LISTED FOR SALE

Estimated Value: $1,578,000 - $2,165,000

3 Beds
3 Baths
2,028 Sq Ft
$927/Sq Ft Est. Value

Last Sold September 24, 2020

Last sale price $1,483,300 $731 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $11,631/month

22 Days on Market

Highlights

  • Lawn
  • Cul-De-Sac
  • Landscaped
  • Linwood E. Howe Elementary School Rated A-
  • Laundry Room
  • Bike Trail

About This Home

As of September 2020

Excellent area of Culver City near the the Expo line with light rail access to Santa Monica and downtown Los Angeles.
This triplex is located on a quiet cul-de-sac close to the Ballona Creek Bike path that runs to Marina Del Rey and beach cities.
Built in 1948 with original metal casement windows, hardwood floors and paneled doors. Each kitchen has an dining area and separate service porch which will accommodate a washer/dryer. A rear door leads from each service porch to the back patios. Each unit has it's own private fenced patio. Bedrooms are spacious. Full baths. 3 separate single garages situated at the rear of the property. Rear unit has larger patio with closer access to garage - currently being used as an in-home office with side door, window and built-in AC unit.
Zoned for 2 units - possible building site. Call your investor/builders.

Last Agent to Sell the Property

David Kinder

David Kinder License #00313096 Listed on: 07/16/2020

Last Buyer's Agent

Tom Theung

Thomas B Theung, Broker License #01925585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,385

Year Built

  • Built in 1948

Lot Details

  • 6,805 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Garage

Home Design

  • 2,028 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 11 / 5
  • Tax Tract Number 1775
  • Assessor Parcel Number 4207027011

Community Details

Overview

  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,380
  • New Taxes Expense $17,500
  • Operating Expense $19,720
  • Gross Income $92,220
  • Net Operating Income $90,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,385

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1380.00
  • Zoning: CCR2YY
  • Property Type: Residential Income
  • Parcel Number: 4207027011
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 731.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 6805.00
  • Lot Size Acres: 0.1562

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 92220.00
  • Gross Scheduled Income: 92220.00
  • Lot Size Area: 6805.0000 Square Feet
  • Net Operating Income: 90000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 2220.00
  • Rent Control: Yes
  • Total Actual Rent: 92220.00
  • Total Expenses: 19720.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Block: 5
  • Tax Census Tract: 7025.01
  • Tax Lot: 11
  • Tax Tract Number: 1775

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2022
Sold by
Theung and Aleksander
Bought by
Revere Place Llc
Current Estimated Value
$1,798,870

Purchase Details

Listed on
Jul 16, 2020
Closed on
Sep 9, 2020
Sold by
Fuller Sally and Sally Fuller Revocable Trust
Bought by
Theung Linda and Tamm Seitz Aleksander
Seller's Agent
David Kinder
David Kinder
Buyer's Agent
Tom Theung
Thomas B Theung, Broker
List Price
$1,400,000
Sold Price
$1,483,300
Premium/Discount to List
$83,300
5.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.01%

Purchase Details

Listed on
Jul 16, 2020
Closed on
Aug 21, 2020
Sold by
Theung Lisa
Bought by
Theung Ken Chun
Seller's Agent
David Kinder
David Kinder
Buyer's Agent
Tom Theung
Thomas B Theung, Broker
List Price
$1,400,000
Sold Price
$1,483,300
Premium/Discount to List
$83,300
5.95%

Purchase Details

Closed on
Sep 26, 2013
Sold by
Fuller Sally
Bought by
Fuller Sally and Sally Fuller Revocable Trust

Purchase Details

Closed on
Oct 7, 2009
Sold by
Thomsen Leslie S and Thomsen 2001 Revocabl Leslie S
Bought by
Fuller Sally

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2006
Sold by
Thomsen Leslie S
Bought by
Thomsen Leslie S and The Leslie S Thomsen 2001 Revocable Fami

Purchase Details

Closed on
Jun 23, 2003
Sold by
Thomsen Howard
Bought by
Thomsen Leslie S

Purchase Details

Closed on
May 22, 2003
Sold by
Lee Scott G and Scott Gordon Lee Living Trust
Bought by
Thomsen Howard

Purchase Details

Closed on
Sep 2, 2002
Sold by
Lee Scott G
Bought by
Lee Scott G and The Scott Gordon Lee 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
$150,000
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 14, 2002
Sold by
Lee Scott G
Bought by
Thomsen Howard

Purchase Details

Closed on
Oct 29, 2001
Sold by
Edmonds James D and Edmonds Margaret M
Bought by
Lee Scott G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7%

Purchase Details

Closed on
Mar 7, 1994
Sold by
Wood Franklin and Wood Tina L
Bought by
Edmonds James D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.15%
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
Revere Place Llc -- Watanabe & Suemori Llp
Theung Linda -- Watanabe & Suemori Llp
Theung Linda $1,483,500 Orange Coast Ttl Co Of Socal
Theung Ken Chun -- Orange Coast Ttl Co Of Socal
Fuller Sally -- None Available
Fuller Sally $800,000 Fidelity Natl Title Ins Co
Thomsen Leslie S -- None Available
Thomsen Leslie S -- --
Thomsen Howard -- --
Lee Scott G -- --
Thomsen Howard -- --
Lee Scott G $315,000 United Title Company
Edmonds James D $245,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Theung Linda $848,500
Previous Owner Fuller Sally $587,000
Previous Owner Fuller Sally $600,000
Previous Owner Thomsen Leslie S $300,000
Previous Owner Lee Scott G $350,000
Previous Owner Lee Scott G $150,000
Previous Owner Lee Scott G $252,000
Previous Owner Edmonds James D $189,000
Previous Owner Edmonds James D $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2020 09/24/20 Sold $1,483,300 +6.0% $731 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $1,400,000 -- $690 / 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 $21,385 $1,605,245 $1,280,516 $324,729
2024 $21,385 $1,573,770 $1,255,408 $318,362
2023 $20,526 $1,542,913 $1,230,793 $312,120
2022 $19,485 $1,512,660 $1,206,660 $306,000
2021 $19,353 $1,483,000 $1,183,000 $300,000
2020 $13,276 $944,447 $797,876 $146,571
2019 $13,023 $925,934 $782,232 $143,702
2018 $12,753 $907,784 $766,895 $140,889
2016 $11,887 $872,323 $737,116 $135,207
2015 $11,817 $859,221 $726,044 $133,177
2014 $11,748 $842,391 $711,822 $130,569
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20140709

California Regional Multiple Listing Service (CRMLS)

APN: 4207-027-011