NOT LISTED FOR SALE

5487 Kinston Ave Culver City, CA 90230

Blanco-Culver Crest Neighborhood

Estimated Value: $1,239,000 - $2,344,000

8 Beds
4 Baths
3,100 Sq Ft
$594/Sq Ft Est. Value

Last Sold February 28, 2013

Last sale price $860,000 $277 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $11,152/month

199 Days on Market

Highlights

  • Contemporary Architecture
  • El Rincon Elementary School Rated A-
  • No Heating

About This Home

As of February 2013

Still available. An incredible westside investment opportunity. Bring your offers, 4 units perfect for an investor or an owner occupied property in Culver City. Each unit is 2 bedrooms 1 bath with detached single car garages, 3 garages are currently being rented out separately for storage. Property has loads of upside potential. This is a NO RENT CONTROL area and a motivated investor may maximize cash flow with some TLC and rent increases. Property has some deferred maintenance yet it shows well. This is a Short Sale, Agents see, agent remark section. With financing at or near all time lows, the opportunity is incredible.

Last Agent to Sell the Property

Bayron Bliss

Bayron Bliss, Broker License #01210930 Listed on: 06/29/2012

Last Buyer's Agent

Bayron Bliss

Bayron Bliss, Broker License #01210930 Listed on: 06/29/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,344

Year Built

  • Built in 1951

Lot Details

  • 5,718

Parking

  • 1 Car Garage

Home Design

  • 3,100 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,718 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 149
  • Tax Tract Number 16912
  • Assessor Parcel Number 4203005013

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $1,740
  • Water Sewer Expense $2,760
  • New Taxes Expense $13,077
  • Gross Income $5,250
  • Net Operating Income $63,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,344

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 7.00
  • View: No
  • Water Sewer Expenses: 2760.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 4203005013
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 277.42

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 1740.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5718.00
  • Lot Size Acres: 0.1310

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5250.00
  • Gross Multiplier: 14.29
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 63000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18677.00

Tax Info

  • New Taxes Expense: 13077.00
  • Tax Lot: 149
  • Tax Tract Number: 16912

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2012
Closed on
Feb 13, 2013
Sold by
Obrien William J and Zhu Jie
Bought by
Obrien William and Zhu Jie
Seller's Agent
Bayron Bliss
Bayron Bliss, Broker
Buyer's Agent
Bayron Bliss
Bayron Bliss, Broker
List Price
$890,000
Sold Price
$860,000
Premium/Discount to List
-$30,000
-3.37%
Current Estimated Value
$1,841,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$981,637
Avg. Annual Appreciation
6.26%
Original Mortgage
$645,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2006
Sold by
Martinez Iris Y
Bought by
Martinez Iris Y

Purchase Details

Closed on
Jun 9, 2006
Sold by
Robles Jose and Robles Ana
Bought by
Martinez Iris Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,700
Interest Rate
6.76%
Mortgage Type
Unknown

Purchase Details

Closed on
May 11, 2006
Sold by
Arevalo Jaoquin
Bought by
Martinez Iris Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$723,750
Interest Rate
9.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 24, 1997
Sold by
Robles Jose and Robles Ana
Bought by
Robles Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,900
Interest Rate
11%

Purchase Details

Closed on
May 11, 1995
Sold by
First Federal Bank Of California
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
8.25%

Purchase Details

Closed on
Apr 21, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Robles Jose and Robles Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
8.25%

Purchase Details

Closed on
Apr 8, 1994
Sold by
Seaside Financial Corp
Bought by
First Federal Bank Of California and First Fsb Of California
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
Obrien William $860,000 Orange Coast Title Company
Martinez Iris Y -- None Available
Martinez Iris Y $965,000 Gateway Title Company
Martinez Iris Y -- None Available
Robles Jose -- Orange Coast Title
Federal Home Loan Mortgage Corporation -- First American Title
Robles Jose $185,000 First American Title Co
First Federal Bank Of California $310,740 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brien William J O $1,134,000
Closed Brien William J O $179,000
Closed Obrien William $645,000
Previous Owner Martinez Iris Y $144,700
Previous Owner Martinez Iris Y $723,750
Previous Owner Martinez Iris Y $723,750
Previous Owner Robles Jose $255,500
Previous Owner Robles Jose $250,000
Previous Owner Robles Jose $192,900
Previous Owner Robles Jose $166,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2013 02/28/13 Sold $860,000 -3.4% $277 / Sq Ft
01/14/2013 01/14/13 Pending -- -- --
06/29/2012 06/29/12 For Sale $890,000 -- $287 / 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 $14,344 $1,059,017 $741,314 $317,703
2024 $14,344 $1,038,253 $726,779 $311,474
2023 $13,797 $1,017,896 $712,529 $305,367
2022 $13,195 $997,938 $698,558 $299,380
2021 $13,052 $978,371 $684,861 $293,510
2019 $12,586 $949,354 $664,549 $284,805
2018 $12,344 $930,740 $651,519 $279,221
2016 $11,503 $894,601 $626,221 $268,380
2015 $11,432 $881,164 $616,815 $264,349
2014 $11,383 $863,904 $604,733 $259,171
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Bayron Bliss

    Bayron Bliss, Broker

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1203409

California Regional Multiple Listing Service (CRMLS)

APN: 4203-005-013

California Los Angeles County Culver City 90230 Blanco-Culver Crest

5487 Kinston Ave, Culver City, CA

This home is located at 5487 Kinston Ave, Culver City, CA 90230 since 29 June 2012 and is currently estimated at $1,841,637, approximately $594 per square foot. This property was built in 1951. 5487 Kinston Ave is a home located in Los Angeles County with nearby schools including El Rincon Elementary School, Culver City Middle School, and Culver City High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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