NOT LISTED FOR SALE

Estimated Value: $714,000 - $1,202,555

2 Beds
2 Baths
950 Sq Ft
$1,068/Sq Ft Est. Value

Last Sold April 12, 2017

Last sale price $700,000 $737 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,366/month

71 Days on Market

Highlights

  • No HOA
  • Playa Del Rey Elementary School Rated 9+
  • 1-Story Property

About This Home

As of April 2017

LOCATION LOCATION LOCATION, EXCELLENT INVESTMENT ONE UNIT VACANT FOR OWNER OCCUPIED POSSIBILITY CLOSE TO PLAYA VISTA/SILICON BEACH, EACH UNIT HAS 1 BEDROOM, 1 FULL BATH, KITCHEN, LIVING ROOM AND QUIET NEIGHBORHOOD. BACK UNIT HAS A LAUNDRY ROOM AND 2 CAR GARAGE.

Last Agent to Sell the Property

Karim Karmaly

Karim Karmaly License #01269920 Listed on: 12/19/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,717

Year Built

  • Built in 1953

Lot Details

  • 2,645 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 950 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 2756
  • Assessor Parcel Number 4218020033

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $75
  • Water Sewer Expense $75
  • New Taxes Expense $550
  • Operating Expense $700
  • Gross Income $3,300
  • Net Operating Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,717

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 8189706786
  • Other Phone Number: 8189706786
  • Property Attached: Yes
  • Water Sewer Expenses: 75.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4218020033
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 736.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2645.00

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 3300.00
  • Insurance Expense: 75.00
  • Net Operating Income: 2600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 700.00
  • Rent Control: Yes
  • Total Expenses: 700.00

Tax Info

  • New Taxes Expense: 550.00
  • Tax Census Tract: 2756.03
  • Tax Lot: 15
  • Tax Tract Number: 2756

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2016
Closed on
Feb 27, 2017
Sold by
Kassam Ghalib and Damil Ali
Bought by
Coroian Adrian
Seller's Agent
Karim Karmaly
Karim Karmaly
List Price
$675,000
Sold Price
$700,000
Premium/Discount to List
$25,000
3.7%
Current Estimated Value
$1,014,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,889
Avg. Annual Appreciation
4.55%
Original Mortgage
$687,321
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 20, 2014
Closed on
Dec 23, 2014
Sold by
Kassam Shamira
Bought by
Kassam Ghalib
Seller's Agent
Grant Linscott
Keller Williams Realty Los Feliz
Buyer's Agent
Karim Karmaly
List Price
$499,000
Sold Price
$515,000
Premium/Discount to List
$16,000
3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.41%
Original Mortgage
$386,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 20, 2014
Closed on
Nov 24, 2014
Sold by
Sunrise Equity Lp
Bought by
Kassam Ghalib and Damji Ali
Seller's Agent
Grant Linscott
Keller Williams Realty Los Feliz
Buyer's Agent
Karim Karmaly
List Price
$499,000
Sold Price
$515,000
Premium/Discount to List
$16,000
3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2013
Sold by
The Bank Of New York Mellon
Bought by
Sunrise Equity Lp

Purchase Details

Closed on
Nov 2, 2012
Sold by
Jarwa Feras
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Dec 22, 2004
Sold by
Karasek Adriano
Bought by
Jarwa Feras

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
6.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2004
Sold by
Zeminian Sandra
Bought by
Karasek Adriano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,175
Interest Rate
5.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 8, 2004
Sold by
Moreno Omar
Bought by
Karasek Adriano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,175
Interest Rate
5.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 9, 1998
Sold by
Cendant Mobility Services Corp
Bought by
Moreno Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,651
Interest Rate
6.89%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 6, 1997
Sold by
Tarpley Shirley K and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
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
Coroian Adrian $700,000 Pacific Coast Title
Kassam Ghalib -- First American Title Company
Kassam Ghalib $515,000 First American Title Company
Sunrise Equity Lp $378,000 North American Title Co Inc
The Bank Of New York Mellon $294,375 Landsafe Title
Jarwa Feras $450,000 New Century
Karasek Adriano -- Fidelity Title Ins Co
Karasek Adriano $389,000 Fidelity Title Ins Co
Moreno Omar $121,500 First American Title Co
Federal Home Loan Mortgage Corporation $130,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coroian Adrian $193,300
Closed Coroian Adrian $136,600
Open Coroian Adrian $673,357
Closed Coroian Adrian $670,000
Closed Coroian Adrian $687,321
Previous Owner Kassam Ghalib $386,000
Previous Owner Jarwa Feras $45,500
Previous Owner Jarwa Feras $440,000
Previous Owner Jarwa Feras $97,500
Previous Owner Jarwa Feras $333,000
Previous Owner Karasek Adriano $34,175
Previous Owner Karasek Adriano $311,200
Previous Owner Moreno Omar $160,000
Previous Owner Moreno Omar $157,500
Previous Owner Moreno Omar $35,000
Previous Owner Moreno Omar $120,651
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2017 04/12/17 Sold $700,000 +3.7% $737 / Sq Ft
02/28/2017 02/28/17 Pending -- -- --
12/19/2016 12/19/16 For Sale $675,000 +31.1% $711 / Sq Ft
12/30/2014 12/30/14 Sold $515,000 +3.2% $542 / Sq Ft
11/05/2014 11/05/14 Pending -- -- --
10/20/2014 10/20/14 For Sale $499,000 -- $525 / 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 $9,717 $812,405 $464,232 $348,173
2024 $9,717 $796,477 $455,130 $341,347
2023 $9,531 $780,860 $446,206 $334,654
2022 $9,087 $765,550 $437,457 $328,093
2021 $8,975 $750,540 $428,880 $321,660
2019 $8,705 $728,280 $416,160 $312,120
2018 $8,665 $714,000 $408,000 $306,000
2017 $6,489 $533,309 $310,666 $222,643
2016 $6,343 $522,853 $304,575 $218,278
2015 $6,250 $515,000 $300,000 $215,000
2014 $4,755 $379,715 $239,080 $140,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16765330

California Regional Multiple Listing Service (CRMLS)

APN: 4218-020-033