NOT LISTED FOR SALE

Estimated Value: $1,167,000 - $1,494,000

6 Beds
4 Baths
3,000 Sq Ft
$450/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $1,065,000 $355 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,347/month

167 Days on Market

Highlights

  • Floor Furnace
  • Wood Siding
  • 1-Story Property

About This Home

As of October 2018

GREAT INVESTMENT OPPORTUNITY!!! Nestled in the Mid-City area. This 4 Units Property has Two Separated Buildings in a Big Lot. The Front Building is comprised of 2 Units of - 1 Bedrooms/1 Bath and 1 Unit of - 2 Bedroom/1 Bath; the Rear Building has a 2 Bedroom/1 Bath Upstairs Unit. Garage Parking! Well Maintained Property and 3 units have hardwood floor. Easy Management! Tenants Pay Utilities and property featured 4 Separated Electric and Gas Meters. Tenants Preferred Property has beautifully manicured Front Yard. So Convenience! Property located nearby Midtown Shopping Center and surrounded by good Schools, Libraries, Shops and Great Restaurants. Great Location! So Much Upside Potential and Development Opportunity! Property located only a few blocks from 2 Major Boulevard Venice Blvd. & Washington Blvd. A MUST SEE!!!

Last Agent to Sell the Property

Audrey Jung

B & B Investment Properties License #01400834 Listed on: 03/28/2018

Last Buyer's Agent

David Wang

Compass License #00953617

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,552

Year Built

  • Built in 1939

Lot Details

  • 7,000 Sq Ft Lot

Parking

  • 3 Car Garage
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Laundry in Garage

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5071-014-039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,552

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3000
  • Stories: 1
  • Year Built: 1939
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Laundry: Garage
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 396.33

Exterior Features

  • Construction: Brick, Concrete, Wood Siding
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Heating: Floor Furnace, Wall Gas

Lot Info

  • Assessed Improvement Value: 265200
  • Assessed Land Value: 612000
  • Assessor Parcel Number: 5071-014-039
  • Geocode Override: No
  • Lot Size Area: 7000

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.51
  • Number Of Units: 4
  • Type Of Units: 2-4 Units

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2018
Closed on
Oct 2, 2018
Sold by
Real Cindy Veronica Cludad
Bought by
Sandoval Waldo C Duarte
Seller's Agent
Audrey Jung
B & B Investment Properties
Buyer's Agent
David Wang
Compass
List Price
$1,189,000
Sold Price
$1,065,000
Premium/Discount to List
-$124,000
-10.43%
Current Estimated Value
$1,350,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,830
Avg. Annual Appreciation
3.40%
Original Mortgage
$787,500
Outstanding Balance
$686,747
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$664,083

Purchase Details

Closed on
Dec 5, 2017
Sold by
Choi Tae Young and Choi Hwa Ja
Bought by
Choi Tae Young and Choi Hwa Ja

Purchase Details

Closed on
Mar 16, 2016
Sold by
Eo Bog Sun
Bought by
Choi Tae Young and Choi Hwa Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2015
Sold by
Eo Yoon Hyuk
Bought by
Eo Bog Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,850
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 9, 2005
Sold by
Tucker Cedric and Tucker Latasha
Bought by
Cheathon Christy and Tucker Cedric

Purchase Details

Closed on
Aug 8, 2005
Sold by
Anson Margaret A
Bought by
Tucker Cedric and Tucker Latasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac
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
Sandoval Waldo C Duarte -- Pacific Coast Title Company
Sandoval Waldo C Duarte $1,065,000 Pacific Coast Title Company
Choi Tae Young -- None Available
Choi Tae Young $860,000 Provident Title
Eo Bog Sun -- Fidelity National Title Co
Eo Bog Sun $729,000 Fidelity National Title Co
Cheathon Christy -- --
Tucker Cedric $500,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandoval Waldo C Duarte $787,500
Previous Owner Choi Tae Young $602,000
Previous Owner Eo Bog Sun $473,850
Previous Owner Tucker Cedric $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2018 10/15/18 Sold $1,065,000 -10.4% $355 / Sq Ft
03/28/2018 03/28/18 For Sale $1,189,000 +63.1% $396 / Sq Ft
06/30/2015 06/30/15 Sold $729,000 +0.6% $243 / Sq Ft View Prior Sale
04/30/2015 04/30/15 Pending -- -- --
11/05/2014 11/05/14 For Sale $725,000 -- $242 / Sq Ft
Source: The MLS

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 $14,552 $1,188,023 $950,420 $237,603
2024 $14,552 $1,164,730 $931,785 $232,945
2023 $14,279 $1,141,893 $913,515 $228,378
2022 $13,628 $1,119,503 $895,603 $223,900
2021 $13,453 $1,097,553 $878,043 $219,510
2020 $13,588 $1,086,300 $869,040 $217,260
2019 $13,058 $1,065,000 $852,000 $213,000
2018 $11,107 $894,744 $624,240 $270,504
2017 $10,871 $877,200 $612,000 $265,200
2016 $9,182 $740,116 $517,777 $222,339
2015 $8,493 $682,233 $511,678 $170,555
2014 $8,545 $668,870 $501,655 $167,215
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-327388

The MLS

APN: 5071-014-039