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

Sale Details

Date Sold: October 14, 2020

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

4 Days on Market

Highlights

  • Laundry Facilities
  • John Marshall High School 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

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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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Sep 22, 2020
Sold by
Bought by
Seller's Agent
Phillip Oh
Hamni Realty Inc
Buyer's Agent
Phillip Oh
Hamni Realty Inc
List Price
$1,745,000
Sold Price
$1,724,500
Premium/Discount to List
-$20,500
-1.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 1998
Sold by
Bought by

Purchase Details

Closed on
May 1, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,745,000 Chicago Title Company
-- Chicago Title Company
-- --
$298,000 South Coast Title
-- Lawyers Title Company
$250,000 Lawyers Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $225,000
Open $2,270,000
Closed $500,000
Closed $172,500
Closed $1,293,750
Previous Owner $638,000
Previous Owner $795,000
Previous Owner $292,500
Previous Owner $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $23,618 $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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