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

9,300 Sq Ft Lot

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
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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

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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20189162

California Regional Multiple Listing Service (CRMLS)
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