NOT LISTED FOR SALE

Estimated Value: $759,000 - $987,000

8 Beds
4 Baths
3,648 Sq Ft
$252/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $712,000 $195 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,212/month

6 Days on Market

Highlights

  • Laundry Room
  • No Heating
  • 5-minute walk to 49th Street Park

About This Home

As of May 2018

An excellent multi-family (built in 1985 not sanctioned under rent control) property in the Los Angeles neighborhood, featuring 4 units. Don't miss out on this great opportunity that makes a great investment property for any investors portfolio. The building has a combined 3,648 sqft. of living space and all units are 2 bedroom / 1 bathroom situated on a lot that is 7,153 sq.ft. It is centrally located, including public transportation just a few blocks away and a short commute to Downtown LA, USC Medical Ctr.

Last Agent to Sell the Property

Mark Perez

Circle Real Estate License #01279393 Listed on: 03/08/2018

Circle Real Estate

Last Buyer's Agent

Mark Perez

Circle Real Estate License #01279393 Listed on: 03/08/2018

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,098

Year Built

  • Built in 1985

Lot Details

  • 7,153 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage
  • Parking Available

Home Design

  • 3,648 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • No Heating
  • No Utilities
  • Sewer Paid

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 5109021021

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $45,600

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,098

Year Built

Built in 1985

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • View: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5109021021
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 195.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: None
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7153.00

Multi Family

  • Gross Scheduled Income: 51000.00
  • Net Operating Income: 45600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5400.00
  • Rent Control: Yes
  • Total Actual Rent: 4250.00

Tax Info

  • Tax Census Tract: 2293.00
  • Tax Lot: 18
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2022
Sold by
Javdan and Farnaz
Bought by
Tavana Partners Llc
Current Estimated Value
$980,758

Purchase Details

Closed on
May 9, 2022
Sold by
Fred Javdan
Bought by
Javdan Fred and Golsaz Farnaz

Purchase Details

Listed on
Mar 8, 2018
Closed on
May 14, 2018
Sold by
Javdan Fred
Bought by
Positive Thinking Llc
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Mark Perez
Circle Real Estate
List Price
$639,900
Sold Price
$712,000
Premium/Discount to List
$72,100
11.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.56%
Original Mortgage
$490,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 8, 2018
Closed on
May 8, 2018
Sold by
Golsaz Farnaz
Bought by
Javdan Fred
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Mark Perez
Circle Real Estate
List Price
$639,900
Sold Price
$712,000
Premium/Discount to List
$72,100
11.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 8, 2018
Closed on
Apr 23, 2018
Sold by
Inostroso Jnven B
Bought by
Javdan Fred
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Mark Perez
Circle Real Estate
List Price
$639,900
Sold Price
$712,000
Premium/Discount to List
$72,100
11.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 27, 2017
Sold by
Inostroso Juven B
Bought by
Inostroso Juven B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2005
Sold by
Martinez Salvador
Bought by
Inostroso Juven Bravo and Inostroso Rita F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
1.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 1999
Sold by
Martinez C Silvia
Bought by
Martinez Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 1999
Sold by
Martinez Jose M
Bought by
Martinez Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 1993
Sold by
Baizan Victor
Bought by
Martinez Salvador and Martinez Jose Miguel
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tavana Partners Llc -- Accommodation/Courtesy Recordi
Javdan Fred -- Talai Law Offices
Positive Thinking Llc -- None Available
Javdan Fred -- Fidelity National Title Comp
Javdan Fred $712,000 Fidelity National Title Comp
Inostroso Juven B -- None Available
Inostroso Juven Bravo $540,000 United Title
Martinez Salvador -- United Title Company
Martinez Salvador -- --
Martinez Salvador -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tavana Partners Llc $571,103
Previous Owner Positive Thinking Llc $580,000
Previous Owner Javdan Fred $490,000
Previous Owner Inostroso Juven B $455,000
Previous Owner Inostroso Juven Bravo $437,000
Previous Owner Inostroso Juven Bravo $400,000
Previous Owner Martinez Salvador $292,200
Previous Owner Martinez Salvador $255,000
Previous Owner Martinez Salvador $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $712,000 +11.3% $195 / Sq Ft
03/15/2018 03/15/18 For Sale $639,900 -10.1% $175 / Sq Ft
03/14/2018 03/14/18 Off Market $712,000 -- --
03/14/2018 03/14/18 Pending -- -- --
03/08/2018 03/08/18 For Sale $639,900 -- $175 / 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 $10,098 $810,129 $455,130 $354,999
2024 $10,098 $794,245 $446,206 $348,039
2023 $9,908 $778,672 $437,457 $341,215
2022 $9,458 $763,405 $428,880 $334,525
2021 $9,329 $748,437 $420,471 $327,966
2019 $9,056 $726,240 $408,000 $318,240
2018 $8,353 $661,525 $286,659 $374,866
2016 $6,914 $548,000 $232,000 $316,000
2015 $6,295 $496,000 $210,000 $286,000
2014 $6,458 $496,000 $210,000 $286,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18053536

California Regional Multiple Listing Service (CRMLS)

APN: 5109-021-021