NOT LISTED FOR SALE

500 S Gerhart Ave Los Angeles, CA 90022

Estimated Value: $1,043,000 - $1,524,000

10 Beds
7 Baths
4,012 Sq Ft
$307/Sq Ft Est. Value

Last Sold January 16, 2015

Last sale price $675,000 $168 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $7,619/month

5 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Level Lot
  • Laundry Room

About This Home

As of January 2015

Great location for owner occupied or investment. Good proximity to Schools, churches, parks, shopping, and public transportation. central A/C in each unit one of the newest buildings in the area. large bedrooms, modern kitchens, 3 of the units have two full bathrooms. coin laundry room for all tenants. on site parking for each unit.... owner want to close early 2015..

Last Agent to Sell the Property

Felipe Acuna

CENTURY 21 REALTY MASTERS License #01066186 Listed on: 11/17/2014

CENTURY 21 REALTY MASTERS

Co-Listed By

Paola Perez

CENTURY 21 REALTY MASTERS License #01769174

Last Buyer's Agent

Enrique Pintado

CENTURY 21 REALTY MASTERS License #01249099

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,620

Year Built

  • Built in 1992

Lot Details

  • 6,065 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • 4,012 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Additional Features

  • Laundry Room
  • Balcony
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 612
  • Tax Tract Number 5445
  • Assessor Parcel Number 6342013042

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $600
  • Insurance Expense $2,500
  • Water Sewer Expense $1,800
  • New Taxes Expense $8,437
  • Gross Income $5,000
  • Net Operating Income $51,700

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,620

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6342013042
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 168.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6065.00
  • Lot Size Acres: 0.1390

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1100
  • Electric Expense: 300.00
  • Gross Income: 5000.00
  • Gross Scheduled Income: 58200.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6065.0000 Square Feet
  • Net Operating Income: 51700.00
  • 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: 6500.00
  • Rent Control: No
  • Total Actual Rent: 5000.00

Tax Info

  • New Taxes Expense: 8437.00
  • Tax Lot: 612
  • Tax Tract Number: 5445
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2014
Closed on
Nov 21, 2014
Sold by
Acuna Javier
Bought by
Goldman Abraham
Seller's Agent
Felipe Acuna
CENTURY 21 REALTY MASTERS
Buyer's Agent
Enrique Pintado
CENTURY 21 REALTY MASTERS
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%
Current Estimated Value
$1,232,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557,635
Avg. Annual Appreciation
5.65%
Original Mortgage
$483,750
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2004
Sold by
Acuna Felipe
Bought by
Acuna Javier

Purchase Details

Closed on
Jan 21, 2004
Sold by
Acuna Felipe
Bought by
Acuna Felipe and Acuna Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 1999
Sold by
Bankers Trust Company
Bought by
Acuna Felipe and Acuna Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
6.78%

Purchase Details

Closed on
Jul 23, 1998
Sold by
Hadjinian Jack H
Bought by
Bankers Trust Company Of California Na

Purchase Details

Closed on
Jun 30, 1994
Sold by
Kazorian Nishan
Bought by
Hadjinian Jack H and Hadjinian Lilah Claire
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Goldman Abraham $645,000 Wfg Title Company
Acuna Javier -- --
Acuna Felipe -- Landsafe Title
Acuna Javier -- Landsafe Title
Acuna Felipe -- Landsafe Title
Acuna Felipe $248,000 First Southwestern Title
Bankers Trust Company Of California Na $212,211 First Southwestern Title Co
Hadjinian Jack H -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldman Abraham $700,000
Closed Goldman Abraham $150,000
Previous Owner Goldman Abraham $483,750
Previous Owner Acuna Felipe $382,500
Previous Owner Acuna Felipe $186,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2015 01/16/15 Sold $675,000 -3.4% $168 / Sq Ft
11/22/2014 11/22/14 Pending -- -- --
11/17/2014 11/17/14 For Sale $699,000 -- $174 / 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 $12,620 $887,600 $344,926 $542,674
2024 $12,620 $870,197 $338,163 $532,034
2023 $12,178 $853,135 $331,533 $521,602
2022 $11,788 $836,408 $325,033 $511,375
2021 $11,400 $820,009 $318,660 $501,349
2019 $10,962 $795,689 $309,209 $486,480
2018 $9,990 $681,289 $303,147 $378,142
2016 $9,569 $654,835 $291,376 $363,459
2015 $7,766 $530,833 $233,387 $297,446
2014 $7,691 $520,436 $228,816 $291,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB14244252

California Regional Multiple Listing Service (CRMLS)

APN: 6342-013-042