NOT LISTED FOR SALE

Estimated Value: $775,417 - $949,000

6 Beds
3 Baths
2,626 Sq Ft
$322/Sq Ft Est. Value

Last Sold August 02, 2017

Last sale price $522,000 $199 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,040/month

116 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Accessible Parking
  • City Lights View
  • Laundry Room
  • Ceiling Fan

About This Home

As of August 2017

Great opportunity to own this 3-unit income property. Located in the Downtown L.A. area, the property sits in a high demand rental neighborhood near schools, parks, a popular shopping center, and within a 3 mile distance from the University of Southern California (USC). The property has a newly remodeled unit & recent roof update. Each unit consists of 2 bedrooms & 1 bath. There's landscaping w/ fruit trees throughout the property and 3 parking spaces. A parking space for each unit has been assigned.

Last Agent to Sell the Property

Vidal Henriquez Jr

Century 21 A Better Service License #01860774 Listed on: 02/13/2017

Century 21 A Better Service

Last Buyer's Agent

Masoud Mohammadi

Coldwell Banker Platinum Prop License #01929682

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 4,980 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Wrought Iron Fence
  • Front Yard

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,626 Sq Ft Home
  • Ceiling Fan

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 2281
  • Assessor Parcel Number 5116018009

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $300
  • Insurance Expense $1,500
  • Trash Expense $1,275
  • Water Sewer Expense $1,275
  • New Taxes Expense $3,800
  • Operating Expense $8,150
  • Net Operating Income $32,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1275.00
  • Zoning: LAR4
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 5116018009
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 198.78
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom

Exterior Features

  • Direction Faces: West
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1275.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4980.00

Multi Family

  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 32650.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 8150.00
  • Rent Control: Yes
  • Total Actual Rent: 1675.00
  • Total Expenses: 8150.00

Tax Info

  • New Taxes Expense: 3800.00
  • Tax Census Tract: 2281.00
  • Tax Lot: 26
  • Tax Tract Number: 2281.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2022
Sold by
Arani Mehdi S
Bought by
Mehdi Shahpoury Arani Living Trust
Current Estimated Value
$846,104

Purchase Details

Listed on
Feb 13, 2017
Closed on
Jul 5, 2017
Sold by
Henriquez Vidal Antonio
Bought by
Arani Mehdi S
Seller's Agent
Vidal Henriquez Jr
Century 21 A Better Service
Buyer's Agent
Masoud Mohammadi
Coldwell Banker Platinum Prop
List Price
$539,500
Sold Price
$522,000
Premium/Discount to List
-$17,500
-3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$386,250
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mehdi Shahpoury Arani Living Trust -- --
Arani Mehdi S $522,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arani Mehdi S $386,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2017 08/02/17 Sold $522,000 -1.4% $199 / Sq Ft
03/29/2017 03/29/17 Price Changed $529,500 -1.9% $202 / Sq Ft
02/13/2017 02/13/17 For Sale $539,500 -- $205 / 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 $7,437 $593,940 $423,269 $170,671
2024 $7,437 $582,295 $414,970 $167,325
2023 $7,298 $570,879 $406,834 $164,045
2022 $6,967 $559,686 $398,857 $160,829
2021 $6,873 $548,713 $391,037 $157,676
2019 $6,673 $532,440 $379,440 $153,000
2018 $6,559 $522,000 $372,000 $150,000
2016 $3,885 $303,035 $108,778 $194,257
2015 $3,831 $298,485 $107,145 $191,340
2014 $3,862 $292,639 $105,047 $187,592
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17029944

California Regional Multiple Listing Service (CRMLS)

APN: 5116-018-009