NOT LISTED FOR SALE

Estimated Value: $2,914,197

15 Beds
16 Baths
14,565 Sq Ft
$200/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $2,600,000 $179 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $18,407/month

179 Days on Market

About This Home

As of November 2021

Rare mixed-use property, 12 apartments over 5 street front retail and commercial spaces. Gated parking lot for approx 13 cars. Situated on 13,000 SF corner lot, this low density property is the only large mixed-use property in the immediate area. Wood frame and stucco construction. The entire Exterior of the building is freshly painted, Parking area has been re surfaced. All units have separate electric meters, Gas is master meter. The apartment unit mix consists of 3 - 2 Bedroom one Bath, 4 - one-Bedroom one Bath and 5 units are Studios-one bath. Onsite manager unit does not include in rent roll, big upside! Updated Electric Panels, New Water Heater, NO Soft Story Retrofit needed- Just got clearance from the city. The property is located in a federal qualified ENTERPRISE ZONE / EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA (EZ), West Adams- Community Plan Implementation Zone

Last Agent to Sell the Property

Ofer Halimi

Compass License #01324758 Listed on: 01/22/2021

Compass

Last Buyer's Agent

ANGEL HERNANDEZ

License #01320751

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,565

Year Built

  • Built in 1912

Lot Details

  • 0.3 Acre Lot

Interior Spaces

  • 14,565 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 16 Bathrooms

Parking

  • 13 Parking Spaces
  • Gated Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 17 Units

Listing and Financial Details

  • Assessor Parcel Number 5015-038-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,565

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 14565
  • Lot Acreage: 0.2985
  • Stories: 2
  • Year Built: 1912
  • Number Of Photos: 42
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 16.00
  • Price Per S Q F T: 187.09

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 13

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5015-038-011
  • Lot Size Area: 13001

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.60
  • Number Of Units: 17
  • Total Annual Expense: 25212
  • Type Of Units: Mixed use
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2021
Closed on
Oct 11, 2021
Sold by
Second Avenue Apartments Llc
Bought by
Guerrero Paul and Guerrero Milton
Seller's Agent
Ofer Halimi
Compass
Buyer's Agent
ANGEL HERNANDEZ
List Price
$2,725,000
Sold Price
$2,600,000
Premium/Discount to List
-$125,000
-4.59%
Current Estimated Value
$2,914,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,197
Avg. Annual Appreciation
2.92%
Original Mortgage
$1,650,000
Outstanding Balance
$1,515,524
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$1,389,379

Purchase Details

Closed on
Aug 14, 2019
Sold by
Shmuely Yoav and Benisti Elad
Bought by
Second Avenue Apartments Llc

Purchase Details

Closed on
Mar 22, 2019
Sold by
Shmuely Cynthia
Bought by
Shmuely Yoav

Purchase Details

Closed on
Mar 6, 2019
Sold by
Casitas Del Barrio Llc
Bought by
Shirniely Yoav and Benisti Elad

Purchase Details

Closed on
Oct 17, 2016
Sold by
Ventura Jose L
Bought by
Casitas Del Barrio Llc

Purchase Details

Closed on
Sep 22, 2015
Sold by
Lr Munoz Real Estate Holdings Llc
Bought by
Ventura Jose L and Ventura Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 20, 2010
Sold by
Munoz Luis R
Bought by
Lr Munoz Real Estate Holdings Llc

Purchase Details

Closed on
Apr 3, 2007
Sold by
Munoz Blanca G
Bought by
Munoz Luis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,400
Interest Rate
6.13%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2005
Sold by
Garrett Carla L
Bought by
Munoz Luis

Purchase Details

Closed on
Jul 15, 2003
Sold by
Mcknight Trenise Y
Bought by
Garrett Carla L

Purchase Details

Closed on
Dec 14, 1998
Sold by
Jimmy Rideau Trust and Jimmy
Bought by
Mcknight Trenise Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 16, 1998
Sold by
Rideau James B Tr Jimmy Rideau Trust
Bought by
Rideau Jimmy and Jimmy Rideau Revocable 1998 Trust

Purchase Details

Closed on
Dec 22, 1993
Sold by
Rideau Jimmy
Bought by
Rideau James B and Jimmy Rideau Revocable Trust
Source: Public Records

Range of Values:

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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
Guerrero Paul $2,600,000 Lawyers Title La
Second Avenue Apartments Llc -- None Available
Shmuely Yoav -- North American Title
Benisti Elad -- North American Title
Shirniely Yoav $1,900,000 North American Title
Casitas Del Barrio Llc $450,000 North American Title
Ventura Jose L $800,000 North American Title Company
Lr Munoz Real Estate Holdings Llc -- None Available
Munoz Luis R -- None Available
Munoz Luis R -- North American Title Co
Munoz Luis $967,500 Chicago Title Co
Garrett Carla L -- --
Mcknight Trenise Y $345,000 --
Rideau Jimmy -- --
Rideau James B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Paul $1,650,000
Previous Owner Ventura Jose L $900,000
Previous Owner Lr Munoz Real Estate Holdings Llc $500,000
Previous Owner Munoz Luis R $500,000
Previous Owner The Luis R & Blanca G Munoz 4801 2Nd Ave $281,400
Previous Owner Munoz Luis $450,000
Previous Owner Garrett Carla L $175,000
Previous Owner Mcknight Trenise Y $225,000
Previous Owner Mcknight Trenise Y $80,000
Previous Owner Mcknight Trenise Y $4,800
Previous Owner Mcknight Trenise Y $258,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $2,600,000 -4.6% $179 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $2,725,000 0.0% $187 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $2,725,000 -- $187 / 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 $34,565 $2,759,140 $1,931,398 $827,742
2024 $34,565 $2,705,040 $1,893,528 $811,512
2023 $33,925 $2,652,000 $1,856,400 $795,600
2022 $32,405 $2,600,000 $1,820,000 $780,000
2021 $29,535 $2,985,613 $2,237,947 $747,666
2020 $25,232 $1,939,040 $1,127,100 $811,940
2019 $17,856 $1,353,560 $884,340 $469,220
2018 $17,532 $1,327,040 $867,000 $460,040
2016 $16,904 $1,300,000 $900,000 $400,000
2015 $14,523 $1,100,108 $645,284 $454,824
2014 $14,611 $1,078,559 $632,644 $445,915
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-683704

The MLS

APN: 5015-038-011