NOT LISTED FOR SALE

Estimated Value: $1,271,000

6 Beds
6 Baths
3,582 Sq Ft
$355/Sq Ft Est. Value

Last Sold March 10, 2020

Last sale price $926,647 $259 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,383/month

104 Days on Market

About This Home

As of March 2020

The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.* This offering can be purchased individually or collectively

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 10/22/2019

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 10/22/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,582 Sq Ft Lot

Interior Spaces

  • 3,582 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5107-007-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3582
  • Price Per Unit: 133333.00
  • Stories: 1
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 223.34

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Uncovered
  • Total Parking: 5

Lot Info

  • Assessor Parcel Number: 5107-007-024
  • Geocode Override: No
  • Lot Size Area: 6582

Rental Info

  • Total Actual Rent: 4392.00

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.06
  • Number Of Units: 6
  • Type Of Units: Apartment

Tax Info

  • Tax Percent: 1.17
  • Tax Rate Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Feb 25, 2020
Sold by
Sola Impact Fund Ii Lp
Bought by
Moga 1967 Lp
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$800,000
Sold Price
$926,647
Premium/Discount to List
$126,647
15.83%
Current Estimated Value
$1,271,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,353
Avg. Annual Appreciation
5.52%

Purchase Details

Closed on
Jun 13, 2017
Sold by
Rosas Alberto Gomez
Bought by
Sola Impact Fund Ii Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,750
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2003
Sold by
Ruelas Maria Delourdes and Ruelas Maria Delourde
Bought by
Rosas Alberto Gomez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,500
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2003
Sold by
Ruelas Armando
Bought by
Ruelas Maria Delourde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.54%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2001
Sold by
Plancarte Fernando
Bought by
Ruelas Maria Delourdes

Purchase Details

Closed on
May 1, 1995
Sold by
Juarez Jose
Bought by
Plancarte Fernando

Purchase Details

Closed on
Nov 24, 1993
Sold by
Melendez Stella
Bought by
Juarez Jose
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Moga 1967 Lp $3,250,000 Provident Title
Sola Impact Fund Ii Lp $617,000 Fidelity National Title Co
Rosas Alberto Gomez $295,000 Commonwealth Land Title Co
Ruelas Maria Delourde -- Fidelity
Ruelas Maria Delourdes -- --
Plancarte Fernando -- --
Juarez Jose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sola Impact Fund Ii Lp $444,750
Previous Owner Rosas Alberto Gomez $124,500
Previous Owner Ruelas Maria Delourde $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2020 03/10/20 Sold $926,647 +15.8% $259 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
10/22/2019 10/22/19 For Sale $800,000 -- $223 / Sq Ft
Source: The MLS

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 $9,317 $702,034 $406,201 $295,833
2024 $9,317 $688,270 $398,237 $290,033
2023 $9,153 $674,776 $390,429 $284,347
2022 $8,762 $661,546 $382,774 $278,772
2021 $8,646 $648,575 $375,269 $273,306
2020 $8,723 $641,926 $371,422 $270,504
2019 $8,410 $629,340 $364,140 $265,200
2018 $8,262 $617,000 $357,000 $260,000
2016 $5,002 $354,300 $192,163 $162,137
2015 $4,940 $348,979 $189,277 $159,702
2014 $4,994 $342,144 $185,570 $156,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-530492

The MLS

APN: 5107-007-024