NOT LISTED FOR SALE
3 Beds
3 Baths
2,834 Sq Ft
5,881 Sq Ft Lot

Last Sold May 23, 2014

Last sale price $689,000 $243 Per Sq Ft

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Wall Furnace
  • Wood Flooring

About This Home

As of May 2014

STANDARD SALE! Winner of the Highland Park Heritage Trust Preservation Award! Located mid-street close to the 110 Freeway, this clean and quaint historic treasure is a a property that will command high rents and low tenant turnover. Well maintained, turnkey property. Long term tenants. One unit is vacant and is ready to rent at market rent, or for owner occupancy. See viewing instructions. All other rents are available for rent increase as rents have not been raised for several years. OTHERWISE PLEASE DO NOT DISTURB OR SPEAK TO TENANTS.

Last Agent to Sell the Property

Vahe Messerlian

Vahe K Messerlian License #01859452 Listed on: 04/08/2014

Last Buyer's Agent

ASHLEY YANG

KW Executive License #01747496

KW Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,899 Sq Ft Lot
  • Lot Dimensions are 50 x 120
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 2,834 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 7552
  • Assessor Parcel Number 5468007002

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $1,261
  • Maintenance Expense $5,000
  • Water Sewer Expense $2,300
  • New Taxes Expense $7,852
  • Gross Income $4,353
  • Net Operating Income $35,823

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

5,899 Sq Ft Lot

Listing Details

  • Inclusions: Refirigerator and cooktop in vacant unit.
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2300.00
  • Property Type: Residential Income
  • Parcel Number: 5468007002
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 243.12
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 50 x 120
  • Lot Size Sq Ft: 5899.00
  • Lot Size Acres: 0.1350

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4353.00
  • Gross Scheduled Income: 1.00
  • Insurance Expense: 1261.00
  • Lot Size Area: 5899.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 35823.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 16413.00
  • Rent Control: Yes
  • Total Actual Rent: 4353.00

Tax Info

  • New Taxes Expense: 7852.00
  • Tax Lot: 5
  • Tax Tract Number: 7552
  • Tax Year: 2012
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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 List to Sale Price per Sq Ft
05/23/2014 05/23/14 Sold $689,000 -1.4% $243 / Sq Ft
04/24/2014 04/24/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $699,000 -- $247 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,909 $844,608 $551,634 $292,974
2024 $10,909 $828,048 $540,818 $287,230
2023 $10,706 $811,813 $530,214 $281,599
2022 $10,225 $795,896 $519,818 $276,078
2021 $10,090 $780,291 $509,626 $270,665
2019 $9,456 $757,149 $494,511 $262,638
2018 $9,223 $742,304 $484,815 $257,489
2016 $8,802 $713,482 $465,990 $247,492
2015 $8,676 $702,766 $458,991 $243,775
2014 $7,749 $608,336 $380,923 $227,413
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14071701

California Regional Multiple Listing Service (CRMLS)
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