NOT LISTED FOR SALE

Estimated Value: $911,000 - $1,315,000

6 Beds
3 Baths
3,435 Sq Ft
$308/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $850,000 $247 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,586/month

40 Days on Market

Highlights

  • No Units Above
  • Tile Flooring
  • Wall Furnace
  • Laundry Room
  • Ceiling Fan
  • Front Yard

About This Home

As of September 2020

5105 S. Harvard Blvd. is comprised of two separate buildings consisting of Three 2/1 bedroom units with an opportunity to add a 4th unit in the rear, as shown on title. The front unit is currently vacant and remodeled, and ready for immediate occupancy. The building was originally built in 1926 with a total size of 3,435 SF, sitting on 5,873 SF corner lot zoned R2. Conveniently located near the new Crenshaw/LAX Metro Line in Los Angeles, this rare 3 unit property offers an investor and/or owner-occupier to acquire a steady investment in a strong rental market. Prime Location in Los Angeles near Leimert Park, West Adams, Baldwin Hills, Crenshaw, Inglewood Football Stadium, USC, Exposition Park, LAX, Restaurants & Shops. Property is within an "Opportunity Zone."

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 06/18/2020

Last Buyer's Agent

Juan Santana Rubio

Park Regency Realty License #01913999

Park Regency Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,288

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 5,873 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 3,435 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 57
  • Tax Tract Number 971
  • Assessor Parcel Number 5003004015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $22,570
  • Gross Income $56,400
  • Net Operating Income $32,138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,288

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Zoning: LAR2
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5003004015
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Carpet, Laminate, Tile
  • Fireplace Features: Living Room
  • Price Per Square Foot: 247.45
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 5873.00
  • Lot Size Acres: 0.1348

Multi Family

  • Gross Income: 56400.00
  • Gross Multiplier: 14.20
  • Gross Scheduled Income: 56400.00
  • Lot Size Area: 5873.0000 Square Feet
  • Net Operating Income: 32138.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 22570.00
  • Rent Control: No
  • Total Expenses: 22570.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2324.00
  • Tax Lot: 57
  • Tax Tract Number: 971

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Aug 14, 2020
Sold by
Hollyvale Rental Holdings Llc
Bought by
Fernandez Xlomara Alexis
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Juan Santana Rubio
Park Regency Realty
List Price
$799,000
Sold Price
$850,000
Premium/Discount to List
$51,000
6.38%
Current Estimated Value
$1,059,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,530
Avg. Annual Appreciation
4.53%
Original Mortgage
$834,604
Outstanding Balance
$742,336
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$317,194

Purchase Details

Closed on
Apr 7, 2020
Sold by
Champery Rental Reo Llc
Bought by
Hollyvale Reutal Holdings Llc

Purchase Details

Closed on
Mar 26, 2018
Sold by
Hollyvale Rental Holdings Llc
Bought by
Champery Rental Reo Llc

Purchase Details

Closed on
Sep 29, 2017
Sold by
Mid Cal Realty Services Inc
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
Sep 25, 2017
Sold by
Ramos Felicitas and Umana Luis
Bought by
Mid Cal Realty Services Inc

Purchase Details

Closed on
Apr 18, 2006
Sold by
Ramos Felicitas
Bought by
Ramos Felicitas and Umana Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2004
Sold by
Ramos Felicita and Hernandez Jorge
Bought by
Ramos Felicitas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2000
Sold by
Clougherty Brian
Bought by
Ramos Felicita and Hernandez Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,833
Interest Rate
8.67%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 1999
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Clougherty Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
10.37%

Purchase Details

Closed on
Feb 8, 1999
Sold by
Norwest Mtg Inc
Bought by
Federal Home Loan Mortgage Corporation
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
Fernandez Xlomara Alexis $850,000 Usa National Title Company
Hollyvale Reutal Holdings Llc -- Synrgo Inc
Champery Rental Reo Llc -- None Available
Hollyvale Rental Holdings Llc -- Accommodation
Mid Cal Realty Services Inc $586,400 Accommodation
Ramos Felicitas -- Financial Title Co Gardena
Ramos Felicitas -- Gateway Title Company
Ramos Felicita $265,000 Fidelity Title
Clougherty Brian $148,000 First American Title Co
Federal Home Loan Mortgage Corporation -- First American Title Ins Co
Norwest Mtg Inc $206,163 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Xlomara Alexis $834,604
Previous Owner Ramos Felicitas $401,000
Previous Owner Ramos Felicitas $285,000
Previous Owner Ramos Felicita $262,833
Previous Owner Clougherty Brian $111,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $850,000 +6.4% $247 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $799,000 -- $233 / 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 $11,288 $920,065 $703,580 $216,485
2024 $11,288 $902,026 $689,785 $212,241
2023 $11,076 $884,340 $676,260 $208,080
2022 $10,574 $867,000 $663,000 $204,000
2021 $10,511 $850,000 $650,000 $200,000
2020 $10,881 $863,532 $520,200 $343,332
2019 $10,460 $846,600 $510,000 $336,600
2018 $10,350 $830,000 $500,000 $330,000
2017 $5,987 $466,408 $266,436 $199,972
2016 $5,821 $457,263 $261,212 $196,051
2015 $5,740 $450,396 $257,289 $193,107
2014 $5,785 $441,575 $252,250 $189,325
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20116587

California Regional Multiple Listing Service (CRMLS)

APN: 5003-004-015