NOT LISTED FOR SALE

Estimated Value: $982,901 - $1,326,000

4 Beds
2 Baths
1,176 Sq Ft
$951/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $625,000 $531 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,586/month

15 Days on Market

About This Home

As of December 2015

Tranquil oasis in the middle of the city & an EXCELLENT investment! This PERFECT Mid-Century duplex is tucked among other wonderful architectural homes on a quiet street in trendy Mid-City. Built in 1959, this secluded treasure has 2 units (upstairs & downstairs), 2 Bedroom + 1 Bathroom each, w/ off-street parking for three vehicles. Located down a private driveway, this enclave of homes offers a rare opportunity to own in a fantastic community in the middle of a bustling city. Features include: tastefully updated kitchen & baths, newer dual-paned windows, copper plumbing, pretty landscaping, gated back yard, tankless water heater, ample parking & shared washer/dryer. Excellent opportunity to owner occupy or to hold as a desirable long term investment property in a great neighborhood. Close to schools, cafes, markets, restaurants and bars. Near Pico shopping area & adjacent to hip Culver City, near recreation areas, w/ bike lanes going out to the beaches. Legal Address: 5122 1/2 & 3/4.

Last Agent to Sell the Property

Margaret Cashion

Berkshire Hathaway HomeServices California Properties License #01376586 Listed on: 10/08/2015

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Sonia Moncayo

eXp Realty of Southern Calif License #01736947

eXp Realty of Southern Calif

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,788

Year Built

  • Built in 1959

Lot Details

  • 2,567

Home Design

  • Duplex

Interior Spaces

  • 1,176 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Additional Features

  • 2,567 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5062-007-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,788

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1176
  • Probate: No
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Refrigerator, Stackable W/D Hookup, Washer
  • Price Per S Q F T: 488.95

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Parking Space, Uncovered
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5062-007-031
  • Geocode Override: No
  • Lot Size Area: 2567

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 2
  • Type Of Units: duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2015
Closed on
Dec 15, 2015
Sold by
Olivares Castain Stacie
Bought by
Brown Allyn Beth
Seller's Agent
Margaret Cashion
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Sonia Moncayo
eXp Realty of Southern Calif
List Price
$575,000
Sold Price
$625,000
Premium/Discount to List
$50,000
8.7%
Current Estimated Value
$1,118,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$493,475
Avg. Annual Appreciation
6.07%
Original Mortgage
$613,679
Outstanding Balance
$495,263
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$623,212

Purchase Details

Closed on
Mar 5, 2013
Sold by
Castain Marcus and Olivares Castain Stacie
Bought by
Olivares Castain Stacie

Purchase Details

Closed on
Apr 17, 2012
Sold by
Olivares Howard Stacie
Bought by
Castain Marcus and Olivares Castain Stacie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2010
Sold by
Us Bank National Association
Bought by
Olivares Howard Stacie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,986
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2010
Sold by
Otto Richard G
Bought by
Us Bank National Association

Purchase Details

Closed on
Feb 25, 2005
Sold by
Arevalo Mirna E
Bought by
Otto Richard G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2004
Sold by
Park Nam Hee and Lee Eung Kyu
Bought by
Arevalo Mirna E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2003
Sold by
Lee Eung Kyu
Bought by
Park Nam Hee and Lee Eung Kyu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,650
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2003
Sold by
Jefferson Leonard
Bought by
Lee Eung Kyu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,650
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2001
Sold by
Quinn Guy L and Quinn Lavette M
Bought by
Jefferson Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,850
Interest Rate
7.04%
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
Brown Allyn Beth $625,000 California Title Company
Olivares Castain Stacie -- None Available
Castain Marcus -- Advantage Title Company
Olivares Howard Stacie $245,000 First American Title Company
Us Bank National Association $222,700 Accommodation
Otto Richard G $425,000 First Southwestern Title
Arevalo Mirna E $342,000 First American Title Co Los
Park Nam Hee -- --
Lee Eung Kyu $268,000 Commonwealth Land Title Co
Jefferson Leonard $143,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Allyn Beth $613,679
Previous Owner Castain Marcus $280,000
Previous Owner Olivares Howard Stacie $237,986
Previous Owner Otto Richard G $340,000
Previous Owner Arevalo Mirna E $273,600
Previous Owner Lee Eung Kyu $241,650
Previous Owner Jefferson Leonard $135,850
Closed Arevalo Mirna E $68,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2015 12/18/15 Sold $625,000 +8.7% $531 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
10/08/2015 10/08/15 For Sale $575,000 -- $489 / Sq Ft
Source: The MLS

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 $8,788 $739,867 $520,868 $218,999
2024 $8,788 $725,360 $510,655 $214,705
2023 $8,619 $711,139 $500,643 $210,496
2022 $8,218 $697,196 $490,827 $206,369
2021 $8,112 $683,526 $481,203 $202,323
2019 $7,866 $663,254 $466,931 $196,323
2018 $7,822 $650,250 $457,776 $192,474
2016 $7,560 $625,000 $440,000 $185,000
2015 $3,164 $263,132 $214,804 $48,328
2014 $3,186 $257,979 $210,597 $47,382
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-948191

The MLS

APN: 5062-007-031