Seller's Agent in 2018
Sergio Velasco
Velasco Realty Group
(562) 746-3768
3 Total Sales
4328 S Main St Los Angeles, CA 90037
Historic South Central Neighborhood
8
Beds
4
Baths
4,240
Sq Ft
7,000
Sq Ft Lot
Highlights
- No HOA
- Wrought Iron Fence
- Wall Furnace
About This Home
As of January 2018Located just South of Downtown, this 4 unit property features 4 -2 bed/1 bath units. All units have front and rear access. Each unit has over 1,000 sq ft. There are 4 enclosed garages and 2 additional parking in the rear of the property that has a secured gate via the alley. All units are separately metered for gas and electric. All units have their own water heaters and W/D hookups are available. This property is 100% occupied which will help an investor collect rents from day 1. With C-2 zoning, lot may allow for additional units or uses. Property just passed City SCEP inspection in Dec.
The property is located East of the 110 freeway not to far from the USC college campus. There are near by retail shops, parks and schools. Please take a look and drive by. Do not walk or talk to tenants, as they are unaware of sale.
Co-Listed By
Kuan Sung
RE/MAX 2000 REALTY License #00970799
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,505
Year Built
- Built in 1921
Lot Details
- 7,000 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Flat Roof Shape
- Raised Foundation
- Fire Rated Drywall
- Plaster
- Stucco
Interior Spaces
- 4,240 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- 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 $300
- Insurance Expense $1,200
- Maintenance Expense $1,200
- Other Expense $200
- Water Sewer Expense $3,000
- New Taxes Expense $7,480
- Gross Income $4,594
- Net Operating Income $41,748
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
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
5.86%
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
6.69%
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%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Provident Title | |
| Interfamily Deed Transfer | -- | Provident Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $730,000 | Orange Coast Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $575,000 | Title 365 | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | $335,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Grant Deed | $625,000 | Provident Title Company | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | First American Title Co | |
| Grant Deed | -- | First American Title Co | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Individual Deed | $180,000 | Equity Title Company | |
| Trustee Deed | $220,000 | American Title | |
| Grant Deed | $280,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $473,000 | New Conventional | |
| Closed | $485,000 | New Conventional | |
| Previous Owner | $553,368 | FHA | |
| Previous Owner | $564,585 | FHA | |
| Previous Owner | $234,500 | New Conventional | |
| Previous Owner | $207,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $62,500 | Credit Line Revolving | |
| Previous Owner | $500,000 | New Conventional | |
| Previous Owner | $0 | Unknown | |
| Previous Owner | $213,000 | Purchase Money Mortgage | |
| Previous Owner | $203,000 | No Value Available | |
| Previous Owner | $251,720 | No Value Available |
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
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
-
Sergio Velasco
-
Ben Rafael
Buyer's Agent in 2018
Ben Rafael
Exclusive Realty & Finance
(310) 628-2201
-
Carlos Skubacz
Seller's Agent in 2015
Carlos Skubacz
RE/MAX
(714) 290-0936
1 in this area
23 Total Sales
-
K
Seller Co-Listing Agent in 2015
Kuan Sung
RE/MAX
-
Lisa Alley
L
Buyer's Agent in 2015
Lisa Alley
Summit Lending & Realty
(714) 536-9500
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14229011
APN: 5113-036-012
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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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