NOT LISTED FOR SALE

Estimated Value: $858,957 - $884,000

3 Beds
3 Baths
1,970 Sq Ft
$442/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $590,000 $299 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,444/month

19 Days on Market

About This Home

As of March 2018

Welcome to Chesterfield Square! Must see 3 Units + Bonus "Studio" Multifamily Investment property in the Heart of Los Angeles! This Property is an Excellent Opportunity for an Investor or Buyer that could live in One & rent the others.The units consist of 1 Bed & 1 Bath each in addition to One Non-conforming unit(unknown permits) with detached garage/storage. Front Duplex features updated Electrical, Copper, updated plumbing, Washer/Dryer hook ups, & all Units have individual Electric/Gas meters. Front Unit:5417 has been remodeled featuring updated kitchen & bath, newer tile & flooring, with individualized electrical heating units throughout.Front Units are mirrored image of each other & are on month-to-month. 3rd Rear Unit: 5415 + non-conforming unit are Vacant.Instant Cash Flowing Investment in a low vacancy area that is only going Up in Value!Don’t Miss Out on this Fantastic Investment! Located minutes from the New coming soon Crenshaw/LAX Metro line system. It is nearby Van Ness Park Center, bus stops, shopping, & restaurants.Driving distance to 110 FWY, USC, Downtown, Newly Built Kaiser Permanente Crenshaw-Baldwin Hills medical office, Baldwin Hills Mall (being renovated), Leimert Park, & 5 miles to Culver City Westfield Mall. All information is deemed reliable,but not guaranteed.Buyer to verify all information & buyer is responsible for completing a diligent investigation.Duplex Units will NOT be delivered vacant at close of escrow. Property to be sold AS-IS condition.

Last Agent to Sell the Property

Orlando Medina

eXp Realty of California Inc License #01778138 Listed on: 02/01/2018

eXp Realty of California Inc

Last Buyer's Agent

Diana Frappier

Frappier Realty License #01243392

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,351

Year Built

  • Built in 1923

Lot Details

  • 6,865 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,970 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 723
  • Tax Tract Number 2325
  • Assessor Parcel Number 5005022021

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $1
  • Net Operating Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,351

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5005022021
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 299.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Other
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6865.00

Multi Family

  • Gross Scheduled Income: 24900.00
  • Net Operating Income: 20400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4500.00
  • Rent Control: Yes
  • Total Expenses: 1.00

Tax Info

  • Tax Census Tract: 2325.00
  • Tax Lot: 723
  • Tax Tract Number: 2325

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2018
Sold by
Mestre Eduardo Legorreta
Bought by
Lunada Bay Investments Llc
Current Estimated Value
$871,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,750
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 1, 2018
Closed on
Feb 20, 2018
Sold by
Rodgers Boyd E
Bought by
Lundada Bay Investments Llc
Seller's Agent
Orlando Medina
eXp Realty of California Inc
Buyer's Agent
Diana Frappier
Frappier Realty
List Price
$579,000
Sold Price
$590,000
Premium/Discount to List
$11,000
1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Dec 9, 2002
Sold by
Rodgers Boyd E
Bought by
Rodgers Boyd E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.79%

Purchase Details

Closed on
Jan 17, 2000
Sold by
Rodgers Marcenia L
Bought by
Rodgers Boyd E
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
Lunada Bay Investments Llc -- Accommodation
Mestre Eduardo Legorreta -- Stewart Title
Lundada Bay Investments Llc $590,000 Provident Title Company
Rodgers Boyd E -- Commonwealth
Rodgers Boyd E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lunada Bay Investments Llc $1,400,000
Closed Mestre Eduardo Legorreta $373,750
Previous Owner Rodgers Boyd E $16,900
Previous Owner Rodgers Boyd E $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $590,000 +1.9% $299 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $579,000 -- $294 / 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 $8,351 $671,315 $472,197 $199,118
2024 $8,351 $658,153 $462,939 $195,214
2023 $8,148 $645,249 $453,862 $191,387
2022 $7,781 $632,598 $444,963 $187,635
2021 $7,679 $620,195 $436,239 $183,956
2020 $7,754 $613,836 $431,766 $182,070
2019 $7,455 $601,800 $423,300 $178,500
2018 $2,334 $169,555 $103,524 $66,031
2016 $2,219 $162,973 $99,505 $63,468
2015 $2,190 $160,526 $98,011 $62,515
2014 $2,221 $157,383 $96,092 $61,291
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18026189

California Regional Multiple Listing Service (CRMLS)

APN: 5005-022-021