NOT LISTED FOR SALE

Estimated Value: $757,000 - $1,087,149

6 Beds
4 Baths
2,130 Sq Ft
$454/Sq Ft Est. Value

Last Sold November 22, 2016

Last sale price $545,000 $256 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,923/month

69 Days on Market

Highlights

  • Two Primary Bedrooms
  • Double Pane Windows
  • Walk-In Closet
  • Contemporary Architecture
  • Tandem Parking
  • 5-minute walk to Leimert Park

About This Home

As of November 2016

Side by side duplex, in Leimert Park area of Los Angeles. Located in a Palm tree line street. Excellent income producing duplex with wonderful curb appeal. Each unit is a 3 bedroom & 2 baths with its own master bedroom that leads to a cover patio in the back as well as a detached 2 car garage. This area is going through a new Metro Rail extension that will offer an alternative transportation option to congested roadways and provide significant environmental benefits, economic development and employment opportunities throughout the area.

Last Agent to Sell the Property

Lester Garcia

Homesmart Realty Group License #01884689 Listed on: 08/12/2016

Homesmart Realty Group

Last Buyer's Agent

Jerome McAlpin

McAlpin & Company License #00939725

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,852

Year Built

  • Built in 1923

Lot Details

  • 7,291 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Block Wall Fence
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Tandem Parking
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Raised Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,130 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Formica Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Urban Location
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 113
  • Tax Tract Number 3813
  • Assessor Parcel Number 5014004016

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,320
  • Gardener Expense $300
  • Insurance Expense $1,080
  • Trash Expense $540
  • Water Sewer Expense $960
  • Gross Income $3,700
  • Net Operating Income $40,212

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,852

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • View: No
  • Water Sewer Expenses: 960.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 5014004016
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters, Tandem
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 255.87
  • Room Type: Walk-In Closet, Two Masters
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fencing: Block
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas
  • Laundry Features: Stackable
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7291.00
  • Price Per Lot Square Foot: 74.06

Multi Family

  • Average3 Bed Area: 1065
  • Electric Expense: 1320.00
  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 1080.00
  • Net Operating Income: 40212.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4188.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 113
  • Tax Tract Number: 3813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2016
Sold by
Gonzalez Carlos
Bought by
Bankole Kalonji
Current Estimated Value
$967,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,128
Interest Rate
3.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Bankole Kalonji $545,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bankole Kalonji $490,000
Previous Owner Bankole Kalonji $535,128
Previous Owner Gonzalez Carlos $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2016 11/22/16 Sold $545,000 +0.9% $256 / Sq Ft
09/19/2016 09/19/16 Pending -- -- --
08/12/2016 08/12/16 For Sale $540,000 0.0% $254 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $540,000 -- $254 / 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 $7,852 $632,513 $377,187 $255,326
2024 $7,852 $620,112 $369,792 $250,320
2023 $7,708 $607,954 $362,542 $245,412
2022 $7,362 $596,034 $355,434 $240,600
2021 $7,263 $584,348 $348,465 $235,883
2019 $7,051 $567,018 $338,130 $228,888
2018 $6,923 $555,900 $331,500 $224,400
2016 $3,169 $252,502 $124,805 $127,697
2015 $3,124 $248,710 $122,931 $125,779
2014 $3,148 $243,839 $120,523 $123,316
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16151819

California Regional Multiple Listing Service (CRMLS)

APN: 5014-004-016