NOT LISTED FOR SALE

Estimated Value: $1,044,000 - $2,431,000

5 Beds
4 Baths
2,658 Sq Ft
$619/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $1,035,000 $389 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $10,072/month

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 4 Car Garage
  • No Heating
  • No HOA
  • Barbed Wire
  • Southeast Facing Home

About This Home

As of June 2022

Well maintained 4 unit property on a large 7,252 Sq. Ft. corner lot zoned R3 is a perfect opportunity for Investors or Owner Occupied. Newly remodeled 2 Bedroom/1 Bath Unit will be delivered Vacant. Located in South LA, a few blocks from USC, in an area of rapidly gentrification. This large 2,658 square foot 4plex was built in 1940, and has a unit mix consisting of (1) 2 bed / 1 bath unit and (3) 1 bed / 1 bath units. Three our of the Four units have new flooring, painting, and kitchen. The building also has 2 single car garages and 1 double car garage. The double car garage is currently vacant and assessable for ADU conversion. Property can be purchased with FHA loan.

Last Agent to Sell the Property

Evelyn Baez Gonzalez

Lyon Stahl Investment Real Estate, Inc. License #02103055 Listed on: 04/15/2022

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042

Last Buyer's Agent

Evelyn Baez Gonzalez

Lyon Stahl Investment Real Estate, Inc. License #02103055 Listed on: 04/15/2022

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,548

Year Built

  • Built in 1940

Lot Details

  • 7,252 Sq Ft Lot
  • 1 Common Wall
  • Southeast Facing Home
  • Barbed Wire
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • No Roof
  • Concrete Perimeter Foundation
  • Asphalt

Interior Spaces

  • 2,658 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • No Heating
  • No Utilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 4177
  • Assessor Parcel Number 5020025011
  • $608 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Maintenance Expense $2,300
  • Water Sewer Expense $3,200
  • New Taxes Expense $11,900
  • Operating Expense $18,700
  • Gross Income $64,800
  • Net Operating Income $44,516

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,548

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.34
  • Price Per Unit: 256250
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3200.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5020025011
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 389.39
  • Room Type: All Bedrooms Down, Kitchen

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Barbed Wire
  • Pool Private: No
  • Roof: None
  • Spa: No
  • Construction Materials: Asphalt

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: None
  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7252.00
  • Lot Size Acres: 0.1665

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 64800.00
  • Gross Multiplier: 15.82
  • Gross Operating Income: 63216.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 7252.0000 Square Feet
  • Maintenance Expense: 2300.00
  • Net Operating Income: 44516.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 18700.00
  • Rent Control: Yes
  • Total Expenses: 18700.00
  • Vacancy Allowance: 1584
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 11900.00
  • Tax Census Tract: 2316.03
  • Tax Lot: 4
  • Tax Tract Number: 4177
  • TaxOtherAnnualAssessmentAmount: 608.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2024
Sold by
4350 Kansas Llc and Mobbil 1 Llc
Bought by
Ausar Economic Development Corporation
Current Estimated Value
$1,644,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,770,000
Outstanding Balance
$2,745,105
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
-$1,210,772

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 26, 2022
Sold by
Lashgari Amir and Bozorgnia Behrouz
Bought by
4350 Kansas Llc and Mobbil 1 Llc
Seller's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,025,000
Sold Price
$1,035,000
Premium/Discount to List
$10,000
0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.88%
Original Mortgage
$828,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 25, 2022
Sold by
Samiei Maryam Vadjed
Bought by
Bozorgnia Behrouz
Seller's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,025,000
Sold Price
$1,035,000
Premium/Discount to List
$10,000
0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 15, 2022
Closed on
Apr 25, 2022
Sold by
Hendrick Darnell and Hendrick Illona
Bought by
Lashgari Amir and Bozorgnia Behrouz
Seller's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,025,000
Sold Price
$1,035,000
Premium/Discount to List
$10,000
0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2002
Sold by
Hud
Bought by
Horn Leroy and Horn Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
7.13%

Purchase Details

Closed on
Sep 4, 2001
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Apr 27, 2001
Sold by
Garcia Luis
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Nov 5, 1999
Sold by
Jimenez Arturo
Bought by
Garcia Luis and Garcia Vanessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,874
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 19, 1999
Sold by
Robinson James
Bought by
Jimenez Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,874
Interest Rate
7.82%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Ausar Economic Development Corporation $2,395,000 None Listed On Document
4350 Kansas Llc -- First American Title Company O
Bozorgnia Behrouz -- First American Title Company O
Lashgari Amir -- First American Title Company O
Lashgari Amir $1,035,000 First American Title Company O
Horn Leroy $220,000 Commerce Title
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $284,973 First American Title Co
Garcia Luis $260,000 United Title Company
Jimenez Arturo $9,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ausar Economic Development Corporation $2,770,000
Previous Owner Bozorgnia Behrouz $828,000
Previous Owner Lashgari Amir $828,000
Previous Owner Hendrick Darnell $272,000
Previous Owner Hendrick Darnell $189,600
Previous Owner Horn Leroy $176,000
Previous Owner Garcia Luis $257,874
Previous Owner Jimenez Arturo $157,000
Closed Horn Leroy $22,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Sold $1,035,000 +1.0% $389 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $1,025,000 -- $386 / 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 $13,548 $2,395,000 $1,695,000 $700,000
2024 $13,548 $1,076,814 $624,240 $452,574
2023 $13,295 $1,055,700 $612,000 $443,700
2022 $5,371 $406,688 $272,950 $133,738
2021 $5,294 $398,715 $267,599 $131,116
2019 $5,148 $386,891 $259,663 $127,228
2018 $5,025 $379,306 $254,572 $124,734
2016 $4,794 $364,580 $244,688 $119,892
2015 $4,730 $359,105 $241,013 $118,092
2014 $4,772 $352,071 $236,292 $115,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22076626

California Regional Multiple Listing Service (CRMLS)

APN: 5020-025-011