$800,000
SOLD DEC 23, 2024
4 Beds
2 Baths
2,621 Sq Ft
7,002 Sq Ft Lot

Recently Sold

$305 Per Sq Ft

11% Below List Price

70 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room Balcony
  • Floor Furnace
  • Wood Flooring
  • Laundry Room
  • Block Wall Fence

About This Home

As of December 2024

Opportunity knocks! Handsome two story Art Deco duplex with great potential and good curb appeal, boasting large Spanish style units with oak hardwood, tons of character and light, and generous room sizes, located in coveted Lafayette Square. With a little updating this will be a great income property with attractive income. Large lot including front and back yards, tons of parking in the rear including a two car garage.

Last Agent to Sell the Property

Dean Abston

Berkshire Hathaway HomeServices California Properties Brokerage Phone: 818-439-4490 License #01202855 Listed on: 07/05/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Dean Abston

Berkshire Hathaway HomeServices California Properties Brokerage Phone: 818-439-4490 License #01202855 Listed on: 07/05/2024

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,926

Year Built

  • Built in 1911

Lot Details

  • 7,002 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Fixer Upper
  • Rolled or Hot Mop Roof
  • Wood Siding

Interior Spaces

  • 2,621 Sq Ft Home
  • 2-Story Property
  • Panel Doors
  • Living Room with Fireplace
  • Living Room Balcony
  • Wood Flooring
  • Window Bars
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 19 / E
  • Tax Tract Number 666
  • Assessor Parcel Number 5071013057
  • $452 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $19,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,926

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Property sold with tenants
  • Price Per Unit: 449500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Window Bars
  • View: No
  • Zoning: LARD1.5
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5071013057
  • Year Built: 1911
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Living Room Balcony
  • Stories: 2
  • Entry Location: Street
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 305.23
  • Room Type: All Bedrooms Down, All Bedrooms Up

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Private
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Electric: Standard
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 7002.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 150 Square Feet
  • Average2 Bed Area: 150 Square Feet
  • Average Studio Area: 1311 Square Feet
  • Gross Operating Income: 19950.00
  • Gross Scheduled Income: 21000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7002.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Rent Control: Yes
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 2182.20
  • Tax Lot: 19
  • Tax Tract Number: 666
  • TaxOtherAnnualAssessmentAmount: 452.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Nov 26, 2024
Sold by
Jack Peter J and Depew Brenda
Bought by
Freetown Holdings Company
Seller's Agent
Dean Abston
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Dean Abston
Berkshire Hathaway HomeServices California Properties
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%
Views
30
Current Estimated Value
$1,090,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,938
Avg. Annual Appreciation
67.69%
Original Mortgage
$856,350
Outstanding Balance
$291,916
Interest Rate
6.79%
Mortgage Type
Construction
Estimated Equity
$799,022
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $800,000 California Title Company
Grant Deed $800,000 California Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $856,350 Construction
Closed $856,350 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $800,000 -11.0% $305 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $899,000 +12.4% $343 / Sq Ft
07/25/2024 07/25/24 Off Market $800,000 -- --
07/16/2024 07/16/24 Price Changed $899,000 -10.1% $343 / Sq Ft
07/05/2024 07/05/24 For Sale $1,000,000 -- $382 / 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 $1,926 $800,000 $640,000 $160,000
2024 $1,926 $123,192 $65,703 $57,489
2023 $1,901 $120,777 $64,415 $56,362
2022 $1,830 $118,409 $63,152 $55,257
2021 $1,791 $116,088 $61,914 $54,174
2019 $1,747 $112,647 $60,079 $52,568
2018 $1,624 $110,439 $58,901 $51,538
2016 $1,530 $106,153 $56,615 $49,538
2015 $1,511 $104,559 $55,765 $48,794
2014 $1,532 $102,512 $54,673 $47,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24135072

California Regional Multiple Listing Service (CRMLS)

APN: 5071-013-057