NOT LISTED FOR SALE

Estimated Value: $929,000 - $1,356,000

9 Beds
5 Baths
4,046 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $1,105,000 $273 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,347/month

14 Days on Market

Highlights

  • Park
  • 1-Story Property
  • 2-minute walk to Gilbert Lindsay Recreation Center
  • Laundry Room

About This Home

As of June 2023

We are proud to present this great investment opportunity or owner occupied 4 unit building in the heart of L.A. This property is a true gem. The front unit is a 3-bedroom 2 bath offers a well-designed floor plan concept welcoming with flow-through living/dining area and generous living spaces. Enjoy this thoughtfully designed kitchen that has been recently updated. The spacious main suite comes complete with a recently updated bathroom and a wardrobe closet. Further strengthening the attractiveness of the unit are well-maintained hardwood floors in throughout. The other three units are all spacious 2-bedroom 1 bath with great floor plans. Are you looking for city living at its finest? Access to local attractions is easy thanks to freeways and public transportation close by. Property is minutes away from LA Coliseum, USC, DTLA and LA Live. A rare opportunity. Schedule your private tour today.

Last Agent to Sell the Property

Dorcel Hoodye

Onyx Realty & Finc. Serv., Inc License #01381776 Listed on: 05/02/2023

Last Buyer's Agent

Kara Alise Salman

West Shores Realty, Inc. License #02144190

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,120 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,046 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 138
  • Tax Tract Number 2
  • Assessor Parcel Number 5113011004

Community Details

Recreation

  • Park

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $660
  • Gardener Expense $600
  • Pest Control $948
  • Water Sewer Expense $2,676
  • Operating Expense $4,884
  • Net Operating Income $104,106

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2676.00
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5113011004
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 273.11

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 948.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5120.00
  • Lot Size Acres: 0.1175

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 660.00
  • Gross Scheduled Income: 108900.00
  • Lot Size Area: 5120.0000 Square Feet
  • Net Operating Income: 104106.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4884.00
  • Rent Control: Yes
  • Total Expenses: 4884.00

Tax Info

  • Tax Census Tract: 2285.00
  • Tax Lot: 138
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
Jun 5, 2023
Sold by
Leona Lewis Revocable Living Trust
Bought by
Lipson Associates Llc
Seller's Agent
Dorcel Hoodye
Onyx Realty & Finc. Serv., Inc
Buyer's Agent
Kara Alise Salman
West Shores Realty, Inc.
List Price
$1,150,000
Sold Price
$1,105,000
Premium/Discount to List
-$45,000
-3.91%
Views
12
Current Estimated Value
$1,180,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,789
Avg. Annual Appreciation
0.98%

Purchase Details

Closed on
Oct 21, 2013
Sold by
Marks Yolanda Lewis
Bought by
Marks Yolanda Lewis and Leona Lewis Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2008
Sold by
Lewis Leona
Bought by
The Leona Lewis Revocable Living Trust

Purchase Details

Closed on
Nov 30, 2001
Sold by
Lewis Leona
Bought by
Lewis Leona and The Leona Lewis Revocable Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lipson Associates Llc $1,105,000 Fidelity National Title
Marks Yolanda Lewis -- Ticor Title Company Of Ca
The Leona Lewis Revocable Living Trust -- None Available
Lewis Leona -- None Available
Lewis Leona -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marks Yolanda Lewis $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $1,105,000 0.0% $273 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/12/2023 05/12/23 Off Market $1,105,000 -- --
05/02/2023 05/02/23 For Sale $1,150,000 -- $284 / 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 $14,076 $1,149,642 $416,160 $733,482
2024 $14,076 $1,127,100 $408,000 $719,100
2023 $1,645 $97,969 $16,461 $81,508
2022 $1,584 $96,049 $16,139 $79,910
2021 $1,539 $94,167 $15,823 $78,344
2019 $1,500 $91,375 $15,354 $76,021
2018 $1,414 $89,584 $15,053 $74,531
2016 $1,305 $86,107 $14,469 $71,638
2015 $1,290 $84,814 $14,252 $70,562
2014 $1,320 $83,153 $13,973 $69,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23074928

California Regional Multiple Listing Service (CRMLS)

APN: 5113-011-004