NOT LISTED FOR SALE
19 Beds
20 Baths
12,944 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: May 1, 2018

Last sale price $3,275,000 $253 Per Sq Ft

15 Days on Market

About This Home

As of May 2018

-Non-Rent Controlled Asset - Outstanding Northwest Inglewood Location -Close Proximity to the Hollywood Park Development & Upcoming NFL Ram's Stadium -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station, & the Forum -Diverse Unit Mix of Two-Bedroom/Two-Bathroom Units, One-Bedroom Units & a Studio -Almost All Units Contain Private Balcony or Patio -On-Site Laundry Facility & Gated Parking -Over 12% in Rental Upside - Pro-Forma Cap Rate of 4.97% & Pro-Forma GRM of 13.55

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 01/24/2018

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 01/24/2018

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 12,127 Sq Ft Lot

Parking

  • 13 Car Garage

Interior Spaces

  • 12,944 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 20 Bathrooms

Community Details

  • 13 Units
  • Vacancy Allowance $11,629

Listing and Financial Details

  • Assessor Parcel Number 4017-002-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0.28 Acres

Parking

13

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 12944
  • Price Per Unit: 271154.00
  • Stories: 3
  • Year Built: 1969
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 20.00
  • Price Per S Q F T: 272.33

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Wood
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 13
  • Covered Parking: 13
  • Parking Garage: Garage
  • Total Parking: 13

Utilities

  • Electric Expense: 1138.00
  • Number Electric Meters: 13
  • Number Gas Meters: 13
  • Water Expense: 5565.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 2871.00
  • Insurance Expense: 5847.00
  • Maintenance Expense: 3900.00
  • Other Expense: 2600.00
  • Trash Expense: 4154.00

Lot Info

  • Assessed Improvement Value: 634922
  • Assessed Land Value: 1500730
  • Assessor Parcel Number: 4017-002-028
  • Geocode Override: No
  • Lot Size Area: 12127

Rental Info

  • Total Actual Rent: 230340.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.30
  • Number Of Units: 13
  • Rent Control: 0
  • Type Of Units: 2 Bd, 1 Bd
  • Vacancy Allow: 11629
  • Vacancy Allow Percent: 5.00

Tax Info

  • Tax Expense: 44063.00
  • Tax Percent: 1.25
  • Tax Total: 44063.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2018
Closed on
Mar 28, 2018
Sold by
Bought by
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
List Price
$3,525,000
Sold Price
$3,275,000
Premium/Discount to List
-$250,000
-7.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,857,500
Outstanding Balance
$1,563,304
Interest Rate
4.46%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 21, 2006
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
5.95%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,275,000 North American Title Company
$1,850,000 Southland Title
-- --
-- Southland Title
$1,325,000 Southland Title
-- Southland Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,857,500
Previous Owner $925,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/01/2018 05/01/18 Sold $3,275,000 -7.1% $253 / Sq Ft
01/24/2018 01/24/18 For Sale $3,525,000 -- $272 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $52,020 $3,726,387 $2,588,560 $1,137,827
2024 $48,560 $3,653,321 $2,537,804 $1,115,517
2023 $48,044 $3,581,689 $2,488,044 $1,093,645
2022 $48,958 $3,511,460 $2,439,259 $1,072,201
2021 $48,501 $3,442,609 $2,391,431 $1,051,178
2019 $45,545 $3,346,500 $2,320,500 $1,026,000
2018 $31,281 $2,184,364 $1,530,744 $653,620
2016 $29,534 $2,093,777 $1,471,304 $622,473
2015 $29,271 $2,062,327 $1,449,204 $613,123
2014 $29,255 $2,021,930 $1,420,817 $601,113
Source: Public Records

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Map

Source: The MLS

MLS Number: 18-306768

The MLS
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