NOT LISTED FOR SALE

Estimated Value: $908,000 - $1,187,000

3 Beds
4 Baths
1,777 Sq Ft
$597/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $1,000,000 $563 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,838/month

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fenced
  • Wall Furnace
  • 4 Car Garage

About This Home

As of July 2022

Well maintained 4 unit property on a 6,750 Sq. Ft. lot zoned RD1.5 is a perfect opportunity for Investors or Owner Occupied. Newly remodeled 1 Bedroom/1 Bath Unit will be delivered Vacant. Located in South LA, a few blocks from USC, in an area of rapidly gentrification. This 1,777 square foot 4plex was built in 1942, and has a unit mix consisting of (3) 1 bed / 1 bath unit and (1) Single. Three our of the Four units will be delivered vacant. The building also has 4 single car garages that will be delivered vacant and assessable for ADU conversion. The entire building has upgraded Electric and Water Heaters. Property can be purchased with FHA loan.

Last Agent to Sell the Property

Evelyn Baez Gonzalez

Lyon Stahl Investment Real Estate, Inc. License #02103055 Listed on: 06/07/2022

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042

Last Buyer's Agent

Michelle Pine

Keller Williams Los Angeles License #01029804

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,689

Year Built

  • Built in 1942 | Remodeled

Lot Details

  • 6,750 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Additions or Alterations
  • Concrete Perimeter Foundation
  • Asphalt

Interior Spaces

  • 1,777 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 2 / B
  • Tax Tract Number 231
  • Assessor Parcel Number 5020024002
  • $439 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Maintenance Expense $2,600
  • Water Sewer Expense $3,200
  • New Taxes Expense $12,500
  • Operating Expense $19,200
  • Gross Income $80,316
  • Net Operating Income $61,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,689

Year Built

Built in 1942 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.11
  • Price Per Unit: 250000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3200.00
  • Zoning: LARD1.5
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5020024002
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 562.75
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Asphalt

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Paved, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Multiplier: 12.08
  • Gross Operating Income: 80316.00
  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6750.0000 Square Feet
  • Maintenance Expense: 2600.00
  • Net Operating Income: 61116.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19200.00
  • Rent Control: Yes
  • Total Actual Rent: 6900.00
  • Total Expenses: 19200.00
  • Vacancy Allowance: 2484

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Block: B
  • Tax Census Tract: 2316.03
  • Tax Lot: 2
  • Tax Tract Number: 231...
  • TaxOtherAnnualAssessmentAmount: 439.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 19, 2022
Sold by
Marie Barrett Charlavonna
Bought by
4307 Kansas Llc
Seller's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michelle Pine
Keller Williams Los Angeles
List Price
$1,000,000
Sold Price
$1,000,000
Views
2
Current Estimated Value
$1,061,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,101
Avg. Annual Appreciation
1.44%
Original Mortgage
$650,000
Outstanding Balance
$615,396
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$429,623

Purchase Details

Closed on
Jan 15, 2017
Sold by
Barrett Charlavonna Marie
Bought by
Barrett Charlavonna Marie
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
4307 Kansas Llc $1,000,000 First American Title Company O
Barrett Charlavonna Marie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4307 Kansas Llc $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $1,000,000 0.0% $563 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $1,000,000 -- $563 / 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 $12,689 $1,040,400 $728,280 $312,120
2024 $12,689 $1,020,000 $714,000 $306,000
2023 $12,450 $1,000,000 $700,000 $300,000
2022 $1,114 $56,559 $30,774 $25,785
2021 $1,090 $55,451 $30,171 $25,280
2019 $1,068 $53,808 $29,277 $24,531
2018 $962 $52,753 $28,703 $24,050
2016 $909 $50,707 $27,590 $23,117
2015 $900 $49,946 $27,176 $22,770
2014 $934 $48,968 $26,644 $22,324
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22122015

California Regional Multiple Listing Service (CRMLS)

APN: 5020-024-002