NOT LISTED FOR SALE

Estimated Value: $1,425,000 - $2,050,000

6 Beds
5 Baths
4,131 Sq Ft
$396/Sq Ft Est. Value

Last Sold November 20, 2014

Last sale price $790,000 $191 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $9,544/month

Highlights

  • Wood Flooring
  • Laundry Room
  • Wall Furnace

About This Home

As of November 2014

Excellent investment opportunity adjacent to Ladera Heights, Venice and Culver City. Property includes SFR with separate address of 2800 Redondo Blvd. Ready for immediate occupancy, these units have all been newly upgraded aside from the one occupied unit. Kitchens have granite counters, custom cabinetry. Bathrooms have new vanities and fiberglass shower/tub comos. All new carpet, paint, fixtures and switches throughout. There are two private garages, to be shared or configured any way you like. The detached SFR has two bedrooms, one bathroom, gleaming hardwoods, plus all newly remodeled kitchen has custom cabinets, granite, tile floors. All new bathroom vanity, fiberglass tub/shower combo. House has new carpet, paint, fixtures and switches, plus its own detached garage. Must see! Great investment property in great location. Standard sale, not a short sale or REO.

Last Agent to Sell the Property

David Spangler

Pinnacle Estate Properties, Inc. License #01325704 Listed on: 10/03/2014

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Robby Kang

RK Estate License #01436052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,800

Year Built

  • Built in 1923

Lot Details

  • 6,900 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 4,131 Sq Ft Home
  • Property Attached

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 105
  • Tax Tract Number 6710
  • Assessor Parcel Number 5049024037

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $2,400
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $9,750
  • Gross Income $5,000
  • Net Operating Income $46,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,800

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 5049024037
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 191.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6900.00
  • Lot Size Acres: 0.1580

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 5000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6900.0000 Square Feet
  • Net Operating Income: 46650.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 13350.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 9750.00
  • Tax Lot: 105
  • Tax Tract Number: 6710
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2025
Sold by
Ahn Joseph Kuk and Ahn Paulynne
Bought by
Ahn Family Trust and Ahn
Current Estimated Value
$1,635,667

Purchase Details

Closed on
Jan 28, 2014
Sold by
Mejia Jose
Bought by
Americas Outcry Inc

Purchase Details

Closed on
Sep 30, 2013
Sold by
Strategic Acquisitions Inc
Bought by
Espi Investments Llc

Purchase Details

Closed on
Aug 6, 2013
Sold by
Mejia Jose A
Bought by
Strategic Acquisitions Inc

Purchase Details

Closed on
Jun 7, 2006
Sold by
Mejia Lazaro I and Mejia Jose A
Bought by
Mejia Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,600
Interest Rate
6.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2004
Sold by
Mejia Lazaro I
Bought by
Mejia Lazaro I and Mejia Jose A

Purchase Details

Closed on
Jul 17, 2003
Sold by
Mejia Jose A
Bought by
Mejia Lazaro I

Purchase Details

Closed on
Jan 28, 1999
Sold by
Rivera Roberto and Rodriguez Armando
Bought by
Mejia Jose A and Mejia Lazaro I

Purchase Details

Closed on
Jun 3, 1998
Sold by
Nunez Jose and Nunez Maria
Bought by
Rivera Roberto and Rodriguez Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,172
Interest Rate
6.93%
Mortgage Type
FHA
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
Ahn Family Trust -- None Listed On Document
Americas Outcry Inc -- None Available
Espi Investments Llc -- None Available
Strategic Acquisitions Inc $94,218 None Available
Mejia Jose -- Fidelity National Title Co
Mejia Lazaro I -- --
Mejia Lazaro I -- --
Mejia Jose A -- --
Rivera Roberto $215,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mejia Jose $180,600
Previous Owner Rivera Roberto $222,172
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2014 11/20/14 Sold $790,000 +1.3% $191 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
10/03/2014 10/03/14 For Sale $779,900 -- $189 / 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 $11,800 $949,450 $600,920 $348,530
2024 $11,800 $930,835 $589,138 $341,697
2023 $11,582 $912,585 $577,587 $334,998
2022 $11,061 $894,692 $566,262 $328,430
2021 $10,907 $877,150 $555,159 $321,991
2020 $11,013 $868,157 $549,467 $318,690
2019 $10,590 $851,136 $538,694 $312,442
2018 $10,479 $834,448 $528,132 $306,316
2016 $9,996 $802,047 $507,625 $294,422
2015 $10,644 $790,000 $500,000 $290,000
2014 $7,051 $540,000 $400,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14212627

California Regional Multiple Listing Service (CRMLS)

APN: 5049-024-037