NOT LISTED FOR SALE
3 Beds
3 Baths
6,080 Sq Ft
9,300 Sq Ft Lot

Last Sold October 14, 2020

Last sale price $1,724,500 $284 Per Sq Ft

4 Days on Market

Highlights

  • Laundry Room
  • John Marshall Senior High Rated A
  • 5-minute walk to Vermont/Santa Monica Station

About This Home

As of October 2020

This is Cash-Cow. 16 units Apartment.
The property is located near Los Angeles City College and Near Santa Monica & Vermont Ave Subway Station.
Easy access transportation.
Subway to LA Downtown or Hollywood or Santa Monica Beach?

Last Agent to Sell the Property

Phillip Oh

Hamni Realty Inc License #00900186 Listed on: 09/11/2020

Last Buyer's Agent

Phillip Oh

Hamni Realty Inc License #00900186 Listed on: 09/11/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 9,300 Sq Ft Lot
  • 1 Common Wall

Parking

  • 12 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 6,080 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 262
  • Tax Tract Number 13
  • Assessor Parcel Number 5539010014

Community Details

Overview

  • 2 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $10,748
  • Fuel Expense $1,520
  • Insurance Expense $3,815
  • Maintenance Expense $4,022
  • Pest Control $1,200
  • Professional Management Expense $4,515
  • Trash Expense $5,232
  • Water Sewer Expense $1
  • New Taxes Expense $20,940
  • Operating Expense $56,270
  • Gross Income $142,620
  • Net Operating Income $86,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

12

Listing Details

  • CapRate: 4.90
  • Professional Management Expense: 4515.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Zoning: LARD1.5
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5539010014
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 283.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 5232.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9300.00
  • Lot Size Acres: 0.2135
  • Latitude Manual: 34.08684700

Multi Family

  • Electric Expense: 10748.00
  • Fuel Expense: 1520.00
  • Gross Income: 142620.00
  • Gross Multiplier: 12.24
  • Gross Operating Income: 138341.00
  • Gross Scheduled Income: 142620.00
  • Insurance Expense: 3815.00
  • Lot Size Area: 9300.0000 Square Feet
  • Maintenance Expense: 4022.00
  • Net Operating Income: 86350.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 52000.00
  • Rent Control: Yes
  • Total Actual Rent: 11885.00
  • Total Expenses: 56270.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20940.00
  • Tax Census Tract: 1914.10
  • Tax Lot: 262
  • Tax Tract Number: 00013

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2020 10/14/20 Sold $1,724,500 -1.2% $284 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $1,745,000 -- $287 / 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 $23,310 $1,867,193 $1,298,917 $568,276
2024 $23,310 $1,830,583 $1,273,449 $557,134
2023 $22,874 $1,794,690 $1,248,480 $546,210
2022 $21,825 $1,759,500 $1,224,000 $535,500
2021 $21,545 $1,725,000 $1,200,000 $525,000
2019 $6,953 $483,758 $291,341 $192,417
2018 $6,804 $474,281 $285,629 $188,652
2016 $6,424 $455,482 $274,539 $180,943
2015 $6,344 $448,642 $270,416 $178,226
2014 $6,459 $439,854 $265,119 $174,735
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20189162

California Regional Multiple Listing Service (CRMLS)