NOT LISTED FOR SALE

4922 S Slauson Ave Culver City, CA 90230

Del Rey Neighborhood
2 Beds
2 Baths
9,466 Sq Ft
8,494 Sq Ft Lot

Last Sold July 05, 2012

Last sale price $1,725,000 $182 Per Sq Ft

167 Days on Market

Highlights

  • Gated Parking
  • Satellite Dish
  • 3-minute walk to Culver Slauson Park
  • Venice High School Rated A

About This Home

As of July 2012

Seller has located their up leg property for a 1031 Tax Deferred Exchange! Motivated Seller! The subject property is a 10 unit, 3 story apartment building built in 1988. The property is located in the City of Los Angeles although it has a Culver City address. Amenities include: dishwashers, balconies, individual hot water heaters, laundry room, storage room, security cameras, secured entry and parking. The property is not subject to rent control. Cash down payment is $488,000. Buyer shall obtain a new 1st TD of $1,462,000 @ 3% fixed payable $6163.85/month for 5 years, year 6-15 the loan will be variable, amortized in 30 and due in 15 years. The loan can be obtained through Alcole Capital for one point. Principal of Owner is a licensed real estate broker. Seller states new roof in 2011, new paint, carpet in stairwell and new entry door in 2012. 8.1% Cash on Cash Return with $488,000 Down Payment! Email me for a complete set up.

Last Agent to Sell the Property

Michel Hibbert, CCIM

Michel Hibbert License #00893133 Listed on: 10/07/2011

Co-Listed By

Michael Mikail

Rodeo Realty License #00978642

Rodeo Realty

Last Buyer's Agent

Michael Mikail

Rodeo Realty License #00978642

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 8,494 Sq Ft Lot

Home Design

  • 9,466 Sq Ft Home
  • Composition Roof

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • 18 Parking Spaces
  • 18 Covered Spaces
  • Gated Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street
  • Satellite Dish

Community Details

  • 10 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 4217-027-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 9466
  • Year Built: 1988
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Equipment: Dishwasher, Hood Fan, Range/Oven, Satellite
  • Price Per S Q F T: 206.00

Exterior Features

  • Construction: Stucco
  • Pool: No
  • Roof: Composition

Garage/Parking

  • Covered Parking: 18
  • Parking Garage: Gated
  • Total Parking: 18

Utilities

  • Electric Expense: 3440.00
  • Heating: Wall
  • Sewer: In Street
  • Water Expense: 9722.00

Fee Information

  • Gas Expense: 652.00
  • Insurance Expense: 4662.00
  • Maintenance Expense: 14000.00
  • Management Expense: 7323.00
  • Trash Expense: 2300.00

Lot Info

  • Assessed Improvement Value: 340982
  • Assessed Land Value: 185989
  • Assessor Parcel Number: 4217-027-009
  • Lot Size Area: 8494

Rental Info

  • Total Actual Rent: 188760.00
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 10.30
  • Number Of Units: 10
  • Rent Control: No
  • Total Annual Expense: 69569
  • Type Of Units: Flat
  • Vacancy Rate: 5663

Tax Info

  • Tax Expense: 25530.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
07/05/2012 07/05/12 Sold $1,725,000 -12.7% $182 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
10/07/2011 10/07/11 For Sale $1,975,000 -- $209 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Mikail

    Seller Co-Listing Agent in 2012

    Michael Mikail

    Rodeo Realty

    (310) 617-6272

    20 Total Sales

    Michael Mikail
    Section Image
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Map

Source: The MLS

MLS Number: 11-559725

The MLS
California Los Angeles County Culver City 90230 Del Rey

4922 S Slauson Ave, Culver City, CA

This home is located at 4922 S Slauson Ave, Culver City, CA 90230 since 07 October 2011. This property was built in 1988. 4922 S Slauson Ave is a home located in Los Angeles County with nearby schools including Stoner Avenue Elementary School, Marina Del Rey Middle School, and Venice High School.

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