NOT LISTED FOR SALE

Estimated Value: $977,000 - $1,229,000

8 Beds
4 Baths
4,240 Sq Ft
$267/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $730,000 $172 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,961/month

89 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking

About This Home

As of January 2018

Finally Finished!!... Great Price, Great Location ... Nice Fourplex Building very close to Downtown. This 4 UNIT PROPERTY FEATURES 2 Bedroom and 1 bathroom. Each unit has over 1,000 Sq Ft, with enclosed garages and extra parking for 2 additional spaces in the rear. All units have their own water heater, and washer and Dryer hook ups. All units are separately metered for gas and electric. Recently renovated with hard floors. Nice kitchen with new counters, new cabinets and recently painted....THE PERFECT INVESTMENT FOR AN INVESTOR WHO WANTS TO COLLECT RENTS FROM DAY 1. Close to everything Freeways, Malls and minutes from USC University.... THIS IS A DRIVE BY ONLY ... PLEASE DO NOT DISTURB TENANTS AT ALL ... ! .... BROKER OPEN 10/30/2017 From 12:00-2:00 PM. THANK YOU.

Last Agent to Sell the Property

Sergio Velasco

Velasco Realty Group License #01254384 Listed on: 08/10/2017

Last Buyer's Agent

Ben Rafael

Exclusive Realty & Finance License #01206313

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,505

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 7,000 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Parking Lot

Home Design

  • Traditional Architecture
  • Quadruplex
  • Stucco

Interior Spaces

  • 4,240 Sq Ft Home
  • Living Room with Fireplace
  • Wood Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 2284
  • Assessor Parcel Number 5113036012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • Operating Expense $4,000
  • Gross Income $58,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,505

Year Built

Built in 1921 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 8.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LAC2
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5113036012
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 172.17

Exterior Features

  • Direction Faces: West
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: On Site, Parking Space
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • 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: 7000.00

Multi Family

  • Gross Operating Income: 58200.00
  • Gross Scheduled Income: 58200.00
  • Insurance Expense: 1000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 4850.00
  • Total Expenses: 4000.00

Tax Info

  • Tax Census Tract: 2284.20
  • Tax Lot: 12
  • Tax Tract Number: 2284.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2021
Sold by
Gabaie Albert Behel and Gabaie Farideh
Bought by
Gabaie Albert Behel and Gabaie Farideh
Current Estimated Value
$1,111,678

Purchase Details

Closed on
Jul 2, 2020
Sold by
Gabaie Albert and Gabaie Farideh
Bought by
Gabaie Albert and Gabaie Farideh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,000
Outstanding Balance
$421,290
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$710,659

Purchase Details

Closed on
Jul 12, 2018
Sold by
Gabaie Albert B
Bought by
The Hashem Family Trust

Purchase Details

Listed on
Aug 10, 2017
Closed on
Dec 26, 2017
Sold by
Eldred Adam E
Bought by
Gabaie Albert B and Gabaie Farideh
Seller's Agent
Sergio Velasco
Velasco Realty Group
Buyer's Agent
Ben Rafael
Exclusive Realty & Finance
List Price
$699,000
Sold Price
$730,000
Premium/Discount to List
$31,000
4.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$485,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2017
Sold by
Eldred Adam E
Bought by
Eldred Adam E and Legacy Western Properties Llc

Purchase Details

Listed on
Feb 8, 2015
Closed on
Mar 8, 2015
Sold by
Ahdoot Leon
Bought by
Eldred Adam E
Seller's Agent
Carlos Skubacz
RE/MAX 2000
Buyer's Agent
Lisa Alley
Summit Lending & Realty
List Price
$625,000
Sold Price
$575,000
Premium/Discount to List
-$50,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$564,585
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 13, 2012
Sold by
Ahdoot Leon
Bought by
Ahdoot Leon and Ahdoot Lina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2011
Sold by
Ahdoot Lina
Bought by
Ahdoot Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 29, 2011
Sold by
Aragon Oscar Orlando
Bought by
Ahdoot Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 23, 2005
Sold by
Maradiaga Bessye Mabel
Bought by
Aragon Oscar Orlando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 26, 2005
Sold by
The Five Crowns Landmark Lp
Bought by
Aragon Oscar Orlanzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 8, 2004
Sold by
Vr California Holdings
Bought by
The Five Crowns Landmark Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5.72%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 10, 2002
Sold by
Vakis Andrew
Bought by
Vr California Holdings

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2001
Sold by
First Federal Bank Of California
Bought by
Vr California Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
7.26%

Purchase Details

Closed on
Jan 11, 2000
Sold by
Vasquez Diane
Bought by
First Federal Bank Of California

Purchase Details

Closed on
Aug 19, 1998
Sold by
Cano Ignacio
Bought by
Vasquez Diane and Vasquez Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,720
Interest Rate
6.79%
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
Gabaie Albert Behel -- None Available
Gabaie Albert -- Provident Title
Gabaie Albert -- Provident Title
The Hashem Family Trust -- None Available
Gabaie Albert B $730,000 Orange Coast Title Company
Eldred Adam E -- Accommodation
Eldred Adam E $575,000 Title 365
Ahdoot Leon -- First American Title Company
Ahdoot Leon -- Fidelity National Title Co
Ahdoot Leon $335,000 Fidelity National Title Co
Aragon Oscar Orlando -- Provident Title Company
Aragon Oscar Orlanzo $625,000 Provident Title Company
The Five Crowns Landmark Lp -- --
Vr California Holdings -- First American Title Co
Vakis Andrew -- First American Title Co
Vakis Andrew -- First American Title Co
Vr California Holdings Llc $180,000 Equity Title Company
First Federal Bank Of California $220,000 American Title
Vasquez Diane $280,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabaie Albert $473,000
Closed Gabaie Albert B $485,000
Previous Owner Eldred Adam E $553,368
Previous Owner Eldred Adam E $564,585
Previous Owner Ahdoot Leon $234,500
Previous Owner Ahdoot Leon $207,000
Previous Owner Aragon Oscar Orlando $62,500
Previous Owner Aragon Oscar Orlanzo $500,000
Previous Owner Vr California Holdings $0
Previous Owner Vakis Andrew $213,000
Previous Owner Vr California Holdings Llc $203,000
Previous Owner Vasquez Diane $251,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2018 01/02/18 Sold $730,000 +4.4% $172 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $699,000 +21.6% $165 / Sq Ft
04/02/2015 04/02/15 Sold $575,000 -8.0% $136 / Sq Ft
03/09/2015 03/09/15 Pending -- -- --
10/26/2014 10/26/14 For Sale $625,000 -- $147 / 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 $10,505 $830,610 $581,428 $249,182
2024 $10,505 $814,325 $570,028 $244,297
2023 $10,311 $798,358 $558,851 $239,507
2022 $9,849 $782,705 $547,894 $234,811
2021 $9,713 $767,358 $537,151 $230,207
2020 $9,804 $759,851 $531,644 $228,207
2019 $9,433 $744,960 $521,220 $223,740
2018 $7,816 $607,709 $369,691 $238,018
2016 $7,443 $583,768 $355,337 $228,431
2015 $4,659 $350,108 $209,020 $141,088
2014 $4,699 $343,251 $204,926 $138,325
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17186554

California Regional Multiple Listing Service (CRMLS)

APN: 5113-036-012