$699,999
$100K PRICE DROP

Estimated payment $4,313/month

Total Views 10,922
3 Beds
2 Baths
2,020 Sq Ft
$347 Price per Sq Ft

Highlights

  • Hiking Trails
  • Abraham Lincoln High School Rated A
  • 1-Story Property

About This Home

Take A LOOK at the Huntington Dr Apartments, side by side 4-unit buildings in the hot El Sereno neighborhood, that can be purchased together or individually! The properties consist of 3- 1 bedroom units, and 1- 2 bedroom unit. This Value-Add apartment has over 90% upside in rents and presents an opportunity for an owner occupant or investment property with 30-year fixed financing. The efficient units have front and rear access giving the bungalow style feel to the community. Each unit are individually metered for gas and electricity as well as have parking in the back. It’s a unique opportunity to acquire units in a very high demand market at a reasonable price per unit. These properties can be great for an owner occupant, first time home buyer with extended family, or the seasoned real estate investor looking to grow their portfolio! Reach out today with any questions you have. Seller may consider carrying for up to 2 years.

Listing Agent

Justin McCardle

Growth Investment Group Pasade Brokerage Phone: 310-606-0192 License #01895720 Listed on: 01/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,337

Year Built

  • Built in 1955

Lot Details

  • 4,200 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 2,020 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 70
  • Tax Tract Number 8594
  • Assessor Parcel Number 5213012037
  • $378 per year additional tax assessments

Community Details

Overview

  • 4 Units

Recreation

  • Hiking Trails

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,222
  • Water Sewer Expense $3,622
  • Operating Expense $19,426
  • Gross Income $42,657
  • Net Operating Income $24,746

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,337

Year Built

Built in 1955

Lot Details

0

Listing Details

  • CapRate: 3.54
  • Price Per Unit: 175000
  • Property Attached: Yes
  • Water Sewer Expenses: 3622.00
  • Zoning: LAC4
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5213012037
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Ground
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 346.53

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Hiking, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4200.00
  • Lot Size Acres: 0.0964
  • Latitude Manual: 34.08648600

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average2 Bed Area: 675 Square Feet
  • Gross Income: 42657.00
  • Gross Multiplier: 15.80
  • Gross Scheduled Income: 44088.00
  • Insurance Expense: 2222.00
  • Lot Size Area: 4200.0000 Square Feet
  • Net Operating Income: 24746.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18226.00
  • Rent Control: Yes
  • Total Expenses: 19426.00

Tax Info

  • Tax Census Tract: 2013.01
  • Tax Lot: 70
  • Tax Tract Number: 8594
  • TaxOtherAnnualAssessmentAmount: 378.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,337 $506,659 $269,903 $236,756
2024 $6,337 $496,725 $264,611 $232,114
2023 $6,219 $486,986 $259,423 $227,563
2022 $5,936 $477,438 $254,337 $223,101
2021 $5,857 $468,077 $249,350 $218,727
2019 $5,686 $454,196 $241,955 $212,241
2018 $5,615 $445,291 $237,211 $208,080
2016 $5,357 $428,000 $228,000 $200,000
2015 $3,344 $259,082 $102,426 $156,656
2014 $3,380 $254,008 $100,420 $153,588
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $699,999 0.0% $347 / Sq Ft
05/07/2025 05/07/25 Price Changed $700,000 -12.5% $347 / Sq Ft
01/29/2025 01/29/25 For Sale $800,000 +86.9% $396 / Sq Ft
10/22/2015 10/22/15 Sold $428,000 -4.9% $212 / Sq Ft
09/22/2015 09/22/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $450,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $428,000 North American Title
Interfamily Deed Transfer -- Orange Coast Title
Gift Deed -- --
Grant Deed $137,000 First American Title Co
Trustee Deed $156,000 Chicago Title Co
Grant Deed $225,000 California Counties Title Co
Grant Deed $195,000 California Counties Title Co
Grant Deed $127,000 California Land Title Co
Interfamily Deed Transfer -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $580,000 Commercial
Previous Owner $320,000 Fannie Mae Freddie Mac
Previous Owner $152,300 No Value Available
Previous Owner $116,450 No Value Available
Previous Owner $191,250 No Value Available
Previous Owner $48,000 Stand Alone Second
Previous Owner $146,250 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25021642

California Regional Multiple Listing Service (CRMLS)

APN: 5213-012-037