NOT LISTED FOR SALE

Estimated Value: $1,242,000 - $1,488,272

4 Beds
2 Baths
1,880 Sq Ft
$732/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $1,125,000 $598 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,981/month

56 Days on Market

About This Home

As of March 2019

CBRE presents the Kittyhawk-Thornburn Assemblage, an extremely rare and unique opportunity to develop a multifamily asset within a Tier 1 Transit Priority Area in the City of Los Angeles. 5421 Thornburn St. is owner-occupied and will be delivered completely vacant at COE. The two combined R3 lots allow an investor to build up to 26-units utilizing LA City's TOC density bonus. The subject property is walking distance to a large commercial center including restaurants and retail stores. Easy access to all major lines of transit including 405 FWY and LAX Airport. Over the past 12 months, this neighborhood has undergone a large amount of new construction, with property and rental values in Westchester continuing to increase. Please contact Broker for Offering Memorandum.

Last Agent to Sell the Property

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 10/04/2018

Last Buyer's Agent

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 10/04/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,082

Year Built

  • Built in 1952

Lot Details

  • 5,725 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,880 Sq Ft Home
  • 2-Story Property
  • Dishwasher
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4103-021-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,082

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1880
  • Stories: 2
  • Year Built: 1952
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Electric Dryer Hookup, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 585.11

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Wall Unit(s), Wall/Window, Window Unit(s)
  • Heating: Wall, Wall Electric, Wall Gas
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Value: 120323
  • Assessed Land Value: 485716
  • Assessor Parcel Number: 4103-021-032
  • Geocode Override: No
  • Lot Size Area: 5725

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 25042
  • Type Of Units: Duplex
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 100%

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2018
Sold by
Merrell Penelope J and Merrell David L
Bought by
Bk Anaheim Investments Llc
Total Days on Market
56
Current Estimated Value
$1,375,818

Purchase Details

Closed on
Jun 22, 2015
Sold by
Merrell David L
Bought by
Merrell David L and Merrell Penelope J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,129
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2015
Sold by
Behera Janhabi
Bought by
Merrell John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,129
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2011
Sold by
Merrell David L
Bought by
Merrell David L and Merrell Penelope J

Purchase Details

Closed on
Jun 10, 2010
Sold by
Benoliel Guadalupe S
Bought by
Merrell David L and Merrell Penelope J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,284
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 6, 2005
Sold by
Benoliel Marc
Bought by
Benoliel Marc and Benoliel Guadalupe S

Purchase Details

Closed on
Apr 1, 2004
Sold by
Smith Fortunee B
Bought by
Smith Fortunee B and Benoliel Marc

Purchase Details

Closed on
May 16, 2000
Sold by
Smith Fortune B
Bought by
Smith Fortune B and Benoliel Marc

Purchase Details

Closed on
Apr 15, 1997
Sold by
Benoliet Marc
Bought by
Smith Fortune B
Source: Public Records

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Range of Values:

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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
Bk Anaheim Investments Llc $1,125,000 North American Title Company
Merrell David L -- Provident Title Company
Merrell John D -- Provident Title Company
Merrell David L -- None Available
Merrell David L $549,000 Lawyers Title
Benoliel Marc -- --
Smith Fortunee B -- --
Smith Fortune B -- --
Smith Fortune B -- --
Benoliel Marc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merrell John D $492,129
Previous Owner Merrell David L $533,284
Previous Owner Smith Fortune B $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $1,125,000 +2.3% $598 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $1,100,000 -- $585 / Sq Ft
Source: The MLS

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
2024 $15,082 $1,230,348 $984,280 $246,068
2023 $14,793 $1,206,225 $964,981 $241,244
2022 $14,108 $1,182,574 $946,060 $236,514
2021 $13,932 $1,159,387 $927,510 $231,877
2019 $5,914 $630,521 $505,338 $125,183
2018 $7,422 $618,159 $495,430 $122,729
2016 $7,083 $594,157 $476,193 $117,964
2015 $6,977 $585,234 $469,041 $116,193
2014 $7,008 $573,771 $459,854 $113,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-407622

The MLS

APN: 4103-021-032