NOT LISTED FOR SALE

Estimated Value: $1,211,000 - $1,344,665

6 Beds
4 Baths
3,236 Sq Ft
$403/Sq Ft Est. Value

Sale Details

Date Sold: September 29, 2021

Last sale price $1,295,000 $400 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,476 / mo

54 Days on Market

Highlights

  • City View
  • 4 Car Garage
  • Gated Home
  • Spanish Architecture
  • Ceiling Fan
  • South Facing Home

About This Home

As of September 2021

Dont miss your opportunity to own this 4 unit income apartment building in lovely Mid City / Arlington Heights. Perched high on the street with lovely views to the hills, there are endless opportunities for value add for owner / users alike. There are 2 vacant renovated units upstairs with 2 bedrooms and 1 bath and spacious great rooms that have large bright windows with open kitchens. All units have their own washer/dryer hook-ups and utility meters. With a separate building in back with 4 garages, there is great parking and potential for an addition of a huge ADU. With local parks, recreation, shopping, dining, public transportation, it is no wonder this neighborhood is so sought after for renters and owners alike.

Last Agent to Sell the Property

Heather Witt

Cavanaugh Realtors License #01853528 Listed on: 06/24/2021

Co-Listed By

martine zoller

Rodeo Realty License #01355433

Last Buyer's Agent

Elizabeth Alligood

Radius Agent Realty License #02023166

Radius Agent Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,999 Sq Ft Lot
  • South Facing Home
  • Gated Home

Parking

  • 4 Car Garage
  • Driveway

Property Views

  • City
  • Hills

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed

Interior Spaces

  • 3,236 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Decorative Fireplace

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Home Security

  • Window Bars
  • Fire and Smoke Detector

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5071-023-013

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Remodeled

Lot Details

6,999 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Advertising Remarks: Don't miss your opportunity to own this 4 unit income apartment building in lovely Mid City / Arlington Heights. Perched high on the street with lovely views to the hills, there are endless opportunities for value add for owner / users alike. There are 2 renovated units upstairs with 2 bedrooms and 1 bath and spacious great rooms that have large bright windows with open kitchens. All units have their own washer/dryer hook-ups and utility meters. With a separate building in back with 4 garages, there is great parking and potential for an addition of a huge ADU. With local parks, recreation, shopping, dining, public transportation, it is no wonder this neighborhood is so sought after for renters and owners alike.
  • Living Area: 3236
  • Lot Acreage: 0.1607
  • Price Per Unit: 325000.00
  • Probate: No
  • Property Condition: Updated/Remodeled, Repair Cosmetic
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 2
  • Number Disposal: 2
  • Fireplace Rooms: Decorative
  • Flooring: Mixed
  • Appliances: Gas
  • Bedrooms: 6
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Gas Dryer Hookup, Garbage Disposal, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 401.42

Exterior Features

  • Direction Faces: South
  • Other Structures: Accessory Bldgs, Other
  • Pool: No
  • Spa Yn: No
  • View: City, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 1
  • Parking Garage: Driveway, Detached, Garage Is Detached, Garage - 4+ Car
  • Total Parking: 8

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Security: Gated, Smoke Detector, Window Bars
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 29.73
  • Assessed Improvement Value: 297668
  • Assessed Land Percent: 70.27
  • Assessed Land Value: 703580
  • Total Assessed Value: 1001248
  • Assessor Parcel Number: 5071-023-013
  • Lot Size Area: 6999

Rental Info

  • Number Leased: 2
  • Total Actual Rent: 18214.00
  • Owner Pays: Gardener, Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.19
  • Number Of Units: 4
  • Rent Control: 50
  • Type Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2016
Closed on
Jun 9, 2016
Sold by
Rachman Ilya and Pope Whitney
Bought by
4641 Pickford Llc
Seller's Agent
Nasrin Esfahani
Nelson Shelton & Associates
Buyer's Agent
Debra Isbell
Option West Realty
List Price
$949,000
Sold Price
$925,000
Premium/Discount to List
-$24,000
-2.53%
Current Estimated Value
$1,304,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$379,916
Avg. Annual Appreciation
3.50%
Original Mortgage
$693,750
Outstanding Balance
$549,508
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$755,408

Purchase Details

Listed on
Mar 14, 2016
Closed on
May 17, 2016
Sold by
Pickford Asset Llc
Bought by
Rachman Ilya and Pope Whitney
Seller's Agent
Nasrin Esfahani
Nelson Shelton & Associates
Buyer's Agent
Debra Isbell
Option West Realty
List Price
$949,000
Sold Price
$925,000
Premium/Discount to List
-$24,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Outstanding Balance
$549,508
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$755,408

Purchase Details

Listed on
Mar 14, 2016
Closed on
May 16, 2016
Sold by
Rachman Anna
Bought by
Rachman Ilya
Seller's Agent
Nasrin Esfahani
Nelson Shelton & Associates
Buyer's Agent
Debra Isbell
Option West Realty
List Price
$949,000
Sold Price
$925,000
Premium/Discount to List
-$24,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Outstanding Balance
$549,508
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$755,408

Purchase Details

Listed on
Mar 14, 2016
Closed on
May 13, 2016
Sold by
Pope Melissa Jane
Bought by
Pope Whitney
Seller's Agent
Nasrin Esfahani
Nelson Shelton & Associates
Buyer's Agent
Debra Isbell
Option West Realty
List Price
$949,000
Sold Price
$925,000
Premium/Discount to List
-$24,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Outstanding Balance
$549,508
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$755,408

Purchase Details

Listed on
Mar 14, 2016
Closed on
Mar 28, 2016
Sold by
Mostadim Saman
Bought by
Pickford Asset Llc
Seller's Agent
Nasrin Esfahani
Nelson Shelton & Associates
Buyer's Agent
Debra Isbell
Option West Realty
List Price
$949,000
Sold Price
$925,000
Premium/Discount to List
-$24,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Outstanding Balance
$549,508
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$755,408

Purchase Details

Listed on
Apr 8, 2014
Closed on
Dec 16, 2014
Sold by
Mostadim Diba
Bought by
Mostadim Saman
Seller's Agent
Nasrin Esfahani
Nelson Shelton & Associates
Buyer's Agent
Shokoh Nasad
Keller Williams Beverly Hills
List Price
$325,000
Sold Price
$483,300
Premium/Discount to List
$158,300
48.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.96%
Original Mortgage
$265,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 8, 2014
Closed on
Dec 3, 2014
Sold by
Powell Shirley
Bought by
Mostadim Saman
Seller's Agent
Nasrin Esfahani
Nelson Shelton & Associates
Buyer's Agent
Shokoh Nasad
Keller Williams Beverly Hills
List Price
$325,000
Sold Price
$483,300
Premium/Discount to List
$158,300
48.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2006
Sold by
Powell Shirley and King Shirley
Bought by
Powell Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2005
Sold by
Warlick Ples
Bought by
King Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 18, 2004
Sold by
Warlick Ples
Bought by
Warlick Ples and King Shirley
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
4641 Pickford Llc -- None Available
Rachman Ilya $925,000 Provident Title Company
Rachman Ilya -- Provident Title Company
Pope Whitney -- Provident Title Company
Pickford Asset Llc -- None Available
Mostadim Saman -- First American Title
Mostadim Saman $483,500 Fatcola
Powell Shirley -- United Independent Title
King Shirley -- Fidelity National Title
Warlick Ples -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Rachman Ilya $693,750
Closed Rachman Ilya $693,750
Closed Pope Whitney $693,750
Previous Owner Mostadim Saman $265,000
Previous Owner Powell Shirley $408,000
Previous Owner King Shirley $283,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2021 09/29/21 Sold $1,295,000 -0.3% $400 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/23/2021 07/23/21 Price Changed $1,299,000 -3.8% $401 / Sq Ft
07/13/2021 07/13/21 Price Changed $1,350,000 -3.5% $417 / Sq Ft
06/24/2021 06/24/21 For Sale $1,399,000 +51.2% $432 / Sq Ft
05/25/2016 05/25/16 Sold $925,000 -2.5% $286 / Sq Ft View Prior Sale
04/22/2016 04/22/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $949,000 +96.4% $293 / Sq Ft
12/23/2014 12/23/14 Sold $483,300 +48.7% $149 / Sq Ft View Prior Sale
05/02/2014 05/02/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $325,000 -- $100 / 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 $16,969 $1,374,264 $955,087 $419,177
2024 $16,772 $1,347,318 $936,360 $410,958
2023 $16,455 $1,320,900 $918,000 $402,900
2022 $15,703 $1,295,000 $900,000 $395,000
2021 $12,471 $1,011,620 $710,869 $300,751
2019 $12,106 $981,997 $689,785 $292,212
2018 $11,934 $962,750 $676,260 $286,490
2016 $6,223 $490,670 $389,145 $101,525
2015 $6,136 $483,300 $383,300 $100,000
2014 $9,918 $780,350 $724,614 $55,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-752982

The MLS

APN: 5071-023-013

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