NOT LISTED FOR SALE

Estimated Value: $1,007,565 - $1,221,000

6 Beds
5 Baths
2,352 Sq Ft
$474/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $930,000 $395 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,818/month

92 Days on Market

Highlights

  • Bungalow
  • Ceiling Fan
  • 1-Story Property

About This Home

As of July 2021

Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. **2 bedroom can be delivered vacant**

Last Agent to Sell the Property

Chris Creed

Clement Partners Real Estate License #01880695 Listed on: 02/15/2021

Last Buyer's Agent

Charles McMillan

Charles McMillan License #01155797

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,726 Sq Ft Lot

Home Design

  • Bungalow
  • Fixer Upper

Interior Spaces

  • 2,352 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5003-018-030

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2352
  • Lot Acreage: 0.1314
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 5.00
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 391.16

Exterior Features

  • Other Structures: None

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 22.33
  • Assessed Improvement Value: 126375
  • Assessed Land Percent: 77.67
  • Assessed Land Value: 439575
  • Total Assessed Value: 565950
  • Assessor Parcel Number: 5003-018-030
  • Lot Size Area: 5726

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 5
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2023
Sold by
Team Investment Group Llc
Bought by
Crooks Joseph R
Current Estimated Value
$1,114,283

Purchase Details

Closed on
Mar 10, 2015
Sold by
Hs & H Investments Llc
Bought by
Soar Real Estate Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
3.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2015
Sold by
Soar Real Estate Investors Llc
Bought by
Soar Real Estate Investors Llc and Team Maintenance Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
3.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2010
Sold by
Award Investments Llc
Bought by
Hs & H Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,900
Interest Rate
4.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 15, 2010
Sold by
Richards Alpha E and Alpha E Richards Living Trust
Bought by
Award Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,900
Interest Rate
4.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 23, 2004
Sold by
Richards Alpha E
Bought by
Richards Alpha E and Alpha E Richards Living Trust

Purchase Details

Closed on
May 27, 2004
Sold by
Morgan Thomas C and Morgan Willeane C
Bought by
Richards Alpha E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 1996
Sold by
Morgan Thomas C and Morgan Willeane C
Bought by
Morgan Thomas C and Morgan Willeane C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Crooks Joseph R -- Lawyers Title Company
Soar Real Estate Investors Llc $515,000 Lawyers Title
Soar Real Estate Investors Llc -- Accommodation
Hs & H Investments Llc $400,000 Security Union Title Company
Award Investments Llc $335,000 Pacific Coast Title Company
Richards Alpha E -- --
Richards Alpha E $375,500 Commerce Title
Morgan Thomas C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soar Real Estate Investors Llc $386,250
Previous Owner Hs & H Investments Llc $350,900
Previous Owner Award Investments Llc $29,000
Previous Owner Richards Alpha E $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2021 07/16/21 Sold $930,000 +1.1% $395 / Sq Ft
06/08/2021 06/08/21 Price Changed $920,000 -0.5% $391 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
05/07/2021 05/07/21 Price Changed $925,000 -2.6% $393 / Sq Ft
02/15/2021 02/15/21 For Sale $950,000 +84.5% $404 / Sq Ft
06/10/2015 06/10/15 Sold $515,000 +3.0% $219 / Sq Ft View Prior Sale
03/02/2015 03/02/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $500,000 -- $213 / Sq Ft
Source: The MLS

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 $12,313 $977,961 $782,925 $195,036
2024 $12,313 $958,786 $767,574 $191,212
2023 $12,192 $948,600 $887,400 $61,200
2022 $11,652 $930,000 $870,000 $60,000
2021 $7,512 $571,812 $444,128 $127,684
2020 $7,581 $565,950 $439,575 $126,375
2019 $7,305 $554,854 $430,956 $123,898
2018 $7,218 $543,975 $422,506 $121,469
2016 $6,863 $522,853 $406,100 $116,753
2015 $5,751 $429,499 $268,505 $160,994
2014 $5,802 $421,087 $263,246 $157,841
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-728418

The MLS

APN: 5003-018-030