Seller's Agent in 2021
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
118 Total Sales
5081 Borland Rd Los Angeles, CA 90032
El Sereno NeighborhoodEstimated Value: $916,000 - $1,013,000
4
Beds
4
Baths
2,215
Sq Ft
$437/Sq Ft
Est. Value
About This Home
As of December 2021We are pleased to present 5081 Borland Road located in the University Hills Subdivision of Los Angeles. The asset is situated in a primarily residential area surrounded mainly by single-family residences and is in proximity to Cal-State Los Angeles. Tenants enjoy private garage parking as well as a gated entryway. The total of four units are spread across two separate buildings and consist of spacious 1 Bed/1 Bath units. This property offers massive upside in rental income, 70%+, for an investor seeking excellent returns over the years. Each unit is individually metered for gas and electricity. There is minimal landscaping and exterior maintenance required making it easy to operate. The tenants pay for electricity, gas, as well as their own trash and the owner only pays for water and sewer. For an investor seeking a value-add deal with tremendous upside and ease of maintenance, this is the perfect property.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 07/21/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,407
Year Built
- Built in 1959
Lot Details
- 5,318 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Tandem Garage
Home Design
- 2,215 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 124
- Tax Tract Number 7669
- Assessor Parcel Number 5221001024
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $886
- Maintenance Expense $2,159
- Other Expense $600
- Water Sewer Expense $5,700
- New Taxes Expense $9,302
- Operating Expense $18,646
- Gross Income $44,508
- Net Operating Income $24,527
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 15, 2021
Sold by
Li Shihua and Zhao Su Ping
Bought by
Icc Golden Water Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Interest Rate
3.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 4, 2003
Sold by
Cheung Edward
Bought by
Li Shi Hua and Zhao Su Ping
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 21, 2002
Sold by
Wong Tan Lin
Bought by
Cheung Edward
Purchase Details
Closed on
Sep 25, 1998
Sold by
Cheung Wang K and Cheung Lai P
Bought by
Wong Tan Ling
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.88%
Purchase Details
Closed on
Sep 8, 1998
Sold by
Wong Li Chiung
Bought by
Wong Tan Lin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.88%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Icc Golden Water Llc | $795,000 | Fidelity National Title Co | |
| Li Shi Hua | $296,000 | Investors Title Company | |
| Cheung Edward | $168,000 | -- | |
| Wong Tan Ling | $145,000 | First American Title Co | |
| Wong Tan Lin | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Icc Golden Water Llc | $556,500 | |
| Previous Owner | Li Shi Hua | $200,000 | |
| Previous Owner | Wong Tan Ling | $116,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/29/2021 12/29/21 | Sold | $795,000 | 0.0% | $359 / Sq Ft |
| 10/18/2021 10/18/21 | Pending | -- | -- | -- |
| 08/26/2021 08/26/21 | Price Changed | $795,000 | 0.0% | $359 / Sq Ft |
| 08/26/2021 08/26/21 | For Sale | $795,000 | 0.0% | $359 / Sq Ft |
| 08/23/2021 08/23/21 | Off Market | $795,000 | -- | -- |
| 07/21/2021 07/21/21 | For Sale | $825,000 | -- | $372 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,407 | $843,660 | $530,604 | $313,056 |
| 2024 | $10,407 | $827,118 | $520,200 | $306,918 |
| 2023 | $10,210 | $810,900 | $510,000 | $300,900 |
| 2022 | $9,743 | $795,000 | $500,000 | $295,000 |
| 2021 | $5,029 | $388,786 | $262,696 | $126,090 |
| 2019 | $4,887 | $378,196 | $254,905 | $123,291 |
| 2018 | $4,770 | $370,799 | $249,907 | $120,892 |
| 2016 | $4,546 | $355,498 | $240,203 | $115,295 |
| 2015 | $4,483 | $350,159 | $236,595 | $113,564 |
| 2014 | $4,523 | $343,301 | $231,961 | $111,340 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
Toi Cha-Umpluke
T
Buyer's Agent in 2021
Toi Cha-Umpluke
RE Counselors Inc
(213) 494-1282
4 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21159649
APN: 5221-001-024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 5083 Borland Rd
- 5079 Borland Rd
- 5123 Cavanagh Rd
- 5103 O Sullivan Dr
- 2221 Lafler Rd
- 2132 N Marianna Ave
- 2128 N Marianna Ave
- 5106 O Sullivan Dr
- 5102 Ithaca Ave
- 5150 Valley Blvd
- 2017 Barnett Way
- 2066 N Marianna Ave
- 5200 Bohlig Rd
- 5150 Ithaca Ave
- 1998 Barnett Way
- 2130 Brawley St Unit 2132
- 4904 Ithaca Ave
- 4936 La Calandria Way
- 4940 La Calandria Way
- 4938 O Sullivan Dr
- 5087 Borland Rd
- 5077 Borland Rd
- 5073 Borland Rd
- 5093 Borland Rd
- 5078 Borland Rd
- 5084 Borland Rd
- 5038 Valley Blvd
- 5067 Borland Rd
- 5101 Borland Rd
- 5072 Borland Rd
- 5090 Borland Rd
- 5058 Valley Blvd
- 5061 Borland Rd Unit 2
- 5100 Borland Rd
- 5107 Borland Rd
- 5047 Cavanagh Rd
- 5030 Valley Blvd
- 5071 Bohlig Rd
- 5065 Bohlig Rd
- 5064 Borland Rd