NOT LISTED FOR SALE

4428 Menlo Ave Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $661,000 - $1,022,000

4 Beds
4 Baths
2,562 Sq Ft
$317/Sq Ft Est. Value

Last Sold February 08, 2019

Last sale price $505,000 $197 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,905/month

10 Days on Market

About This Home

As of February 2019

4 Plex South of USC. All units are 1 bedroom 1 bath in decent condition. Tenants pay for Gas and Electricity. Property being sold "AS IS" seller will not do any repairs. Priced to sell fast!

Last Agent to Sell the Property

Scott Jones

CHAMPIONS REAL ESTATE License #01870685 Listed on: 12/28/2018

Last Buyer's Agent

Scott Jones

CHAMPIONS REAL ESTATE License #01870685 Listed on: 12/28/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,980

Year Built

  • Built in 1911

Lot Details

  • 2,767 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,562 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 5018005008

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Trash Expense $480
  • Water Sewer Expense $720
  • New Taxes Expense $4,575
  • Operating Expense $6,475
  • Gross Income $22,560
  • Net Operating Income $16,285

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,980

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: LARD3
  • Property Type: Residential Income
  • Parcel Number: 5018005008
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 197.11

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2767.00
  • Lot Size Acres: 0.0635

Multi Family

  • Average1 Bed Area: 640 Square Feet
  • Gross Income: 22560.00
  • Gross Scheduled Income: 22560.00
  • Insurance Expense: 700.00
  • Lot Size Area: 2767.0000 Square Feet
  • Net Operating Income: 16285.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6275.00
  • Rent Control: Yes
  • Total Expenses: 6475.00

Tax Info

  • New Taxes Expense: 4575.00
  • Tax Census Tract: 2321.10
  • Tax Lot: 31
  • Tax Tract Number: Vernon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2018
Closed on
Jan 10, 2019
Sold by
S Jones Enterprises Inc
Bought by
Ianni Anthony C and Chung Man Wai Jenny
Seller's Agent
Scott Jones
CHAMPIONS REAL ESTATE
Buyer's Agent
Scott Jones
CHAMPIONS REAL ESTATE
List Price
$489,900
Sold Price
$505,000
Premium/Discount to List
$15,100
3.08%
Current Estimated Value
$811,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,366
Avg. Annual Appreciation
6.53%
Original Mortgage
$479,750
Outstanding Balance
$422,632
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$344,316

Purchase Details

Closed on
Oct 30, 2018
Sold by
Williams Eugene E and Mary Lee Durham Trust
Bought by
Is Jones Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
4.9%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 30, 2010
Sold by
Durham Mary Lee
Bought by
Durham Mary Lee and Williams Eugene E

Purchase Details

Closed on
Mar 7, 2008
Sold by
Williams Walter
Bought by
Durham Mary Lee

Purchase Details

Closed on
Apr 24, 2002
Sold by
Watkins Ilah A
Bought by
Williams Walter and Durham Mary Lee

Purchase Details

Closed on
Jun 21, 1999
Sold by
Pitts Ezrarene M
Bought by
Pitts Ezrarene M and E M Pitts Revocable Trust
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
Ianni Anthony C $505,000 Orange Coast Title Company
Is Jones Enterprises Inc $305,000 Orange Coast Title Company
Durham Mary Lee -- None Available
Durham Mary Lee -- None Available
Williams Walter -- --
Pitts Ezrarene M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ianni Anthony C $479,750
Previous Owner Is Jones Enterprises Inc $367,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2019 02/08/19 Sold $505,000 +3.1% $197 / Sq Ft
12/28/2018 12/28/18 For Sale $489,900 -- $191 / 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 $6,980 $563,332 $446,205 $117,127
2024 $6,980 $552,287 $437,456 $114,831
2023 $6,852 $541,459 $428,879 $112,580
2022 $6,543 $530,843 $420,470 $110,373
2021 $6,367 $520,435 $412,226 $108,209
2020 $6,512 $515,100 $408,000 $107,100
2019 $6,261 $505,000 $400,000 $105,000
2018 $4,564 $357,032 $259,664 $97,368
2016 $4,346 $343,170 $249,582 $93,588
2015 $4,285 $338,017 $245,834 $92,183
2014 $4,325 $331,397 $241,019 $90,378
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Scott Jones

    CHAMPIONS REAL ESTATE

    (909) 944-0099

    20 Total Sales

    Scott Jones
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18297163

California Regional Multiple Listing Service (CRMLS)

APN: 5018-005-008

California Los Angeles County Los Angeles 90037 Vermont Square

4428 Menlo Ave, Los Angeles, CA

This home is located at 4428 Menlo Ave, Los Angeles, CA 90037 since 28 December 2018 and is currently estimated at $811,366, approximately $316 per square foot. This property was built in 1911. 4428 Menlo Ave is a home located in Los Angeles County with nearby schools including Marguerite Poindexter Lamotte Elementary, Dr. James Edward Jones Primary Center, and Barack Obama Global Preparation Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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