NOT LISTED FOR SALE

Estimated Value: $1,552,000 - $2,561,000

8 Beds
4 Baths
5,471 Sq Ft
$349/Sq Ft Est. Value

Last Sold April 26, 2013

Last sale price $710,000 $130 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $10,905/month

16 Days on Market

About This Home

As of April 2013

STANDARD SALE: Pride of Ownership.... 4 units in mid city Los Angeles! Access to freeways, short distance to down town, west Los Angeles, hollywood, shopping, dinning, schools, etc..

Last Agent to Sell the Property

Nelson Sanchez

Century 21 A Better Service License #01219209 Listed on: 02/21/2013

Century 21 A Better Service

Co-Listed By

John Heinz

Century 21 Cornerstone License #01901640

Last Buyer's Agent

Jeff Markey

Thomas J. Gilleran License #01345956

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,096

Year Built

  • Built in 1929

Lot Details

  • 8,874 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 5,471 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 1039
  • Tax Tract Number 1
  • Assessor Parcel Number 5062006013

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,300
  • Maintenance Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,687
  • Operating Expense $16,557
  • Gross Income $4,644
  • Net Operating Income $39,171

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,096

Year Built

Built in 1929

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5062006013
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 129.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8874.00
  • Lot Size Acres: 0.2040

Multi Family

  • Average2 Bed Area: 1290
  • Gross Income: 4644.00
  • Gross Scheduled Income: 55728.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 8874.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 39171.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16557.00
  • Rent Control: Yes
  • Total Expenses: 16557.00

Tax Info

  • New Taxes Expense: 9687.00
  • Tax Lot: 1039
  • Tax Tract Number: 0001
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2015
Sold by
Leonetti Matthew F and Leonetti Mary E
Bought by
3L Properties Llc
Current Estimated Value
$1,906,677

Purchase Details

Listed on
Feb 21, 2013
Closed on
Mar 13, 2013
Sold by
Terry James Saundra and August James Trust
Bought by
Leonetti Matthew F and Leonetti Mary E
Seller's Agent
Nelson Sanchez
Century 21 A Better Service
Buyer's Agent
Jeff Markey
Thomas J. Gilleran
List Price
$775,000
Sold Price
$710,000
Premium/Discount to List
-$65,000
-8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.22%
Original Mortgage
$497,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2009
Sold by
James August and James Saundra
Bought by
James August and August James Trust

Purchase Details

Closed on
Oct 21, 2009
Sold by
James August
Bought by
James August and James Saundra
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
3L Properties Llc -- None Available
Leonetti Matthew F $710,000 Fidelity National Title Co
James August -- None Available
James August -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leonetti Matthew F $497,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2013 04/26/13 Sold $710,000 -8.4% $130 / Sq Ft
03/09/2013 03/09/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $775,000 -- $142 / 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 $11,096 $874,303 $615,709 $258,594
2024 $11,096 $857,161 $603,637 $253,524
2023 $10,895 $840,354 $591,801 $248,553
2022 $10,413 $823,878 $580,198 $243,680
2021 $10,259 $807,724 $568,822 $238,902
2019 $9,964 $783,768 $551,951 $231,817
2018 $9,781 $768,401 $541,129 $227,272
2016 $9,947 $791,894 $554,326 $237,568
2015 $9,180 $727,472 $512,305 $215,167
2014 $9,234 $713,223 $502,270 $210,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13028198

California Regional Multiple Listing Service (CRMLS)

APN: 5062-006-013