5534 Geer Ave Los Angeles, CA 90016
West Adams NeighborhoodEstimated Value: $957,000 - $1,251,202
3
Beds
2
Baths
1,332
Sq Ft
$801/Sq Ft
Est. Value
Highlights
- Above Ground Spa
- Wood Flooring
- Neighborhood Views
- Property is near public transit
- Private Yard
- Home Office
About This Home
As of May 2023We are pleased to exclusively offer for sale this sleek Duplex located in the lively West Adams neighborhood of Los Angeles. This 4,798 SF Tier 3 TOC Lot runs adjacent to Culver City and is strategically positioned near Amazon Studios, HBO Headquarters, and the La Cienega/Jefferson & Expo/La Brea Transit Stations. The building features a Fully Remodeled Owner’s Unit in the back that will be delivered VACANT. This beautifully designed unit boasts a well-lit and open floor plan, new stainless steel appliances and HVAC system, tasteful finishes and fixtures in both the kitchen and bathroom, and new hardwood/tile flooring throughout. This 793 SF, 1 Bed/1 Bath structure is accompanied by an attached ~160 SF addition (with all the same finishes) that can double as an Office or a 2nd Bdrm. Further, this Back Unit is served by a gated perimeter that provides its occupant w/ a privately secluded, outdoor oasis that is lush with ample outdoor living space, a hip lounge/fireplace area, and gorgeous greenery throughout. In the front half of the lot, there is a detached, 1 Bed/1 Bath Unit that’s been recently renovated and features an open floor plan, laminate flooring, and a large kitchen w/ a breakfast bar and abundant cabinet space. In addition, the tenants have access to a 2-Car Carport and (6) Total Parking Spaces on site, which is especially significant in this parking impacted submarket. Also, there are (2) detached, ~80 SF Storage Units that can most certainly be leveraged for additional income. All in all, the building’s close proximity to USC, DTLA, etc provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, especially as it falls in an “Opportunity Zone”.
Last Listed By
Lyon Stahl Investment Real Estate, Inc. License #02172607 Listed on: 02/23/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,888
Year Built
- Built in 1966 | Remodeled
Lot Details
- 4,798 Sq Ft Lot
- No Common Walls
- Wood Fence
- Landscaped
- Rectangular Lot
- Paved or Partially Paved Lot
- Front Yard Sprinklers
- Private Yard
- Garden
- Back and Front Yard
- Density is up to 1 Unit/Acre
Home Design
- Duplex
Interior Spaces
- 1,332 Sq Ft Home
- Beamed Ceilings
- Window Screens
- Double Door Entry
- Living Room
- Home Office
- Storage
- Wood Flooring
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Freezer
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Parking Spaces
- 4 Carport Spaces
- Parking Available
Accessible Home Design
- Doors swing in
- Accessible Parking
Outdoor Features
- Above Ground Spa
- Exterior Lighting
- Shed
- Rain Gutters
Location
- Property is near public transit
- Urban Location
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 182
- Tax Tract Number 219
- Assessor Parcel Number 5048024009
Community Details
Overview
- 2 Buildings
- 2 Units
Recreation
- Park
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $799
- Trash Expense $600
- Water Sewer Expense $1,000
- New Taxes Expense $13,201
- Operating Expense $16,632
- Gross Income $57,480
- Net Operating Income $37,281
Security
- Card or Code Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 20, 2017
Sold by
Barrett Ronald E
Bought by
Sudar Lindsey
Total Days on Market
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,920
Interest Rate
4.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 22, 2016
Sold by
Equity Trust Company
Bought by
Barrett Ronald E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 19, 2011
Sold by
Burkhalter Phalance E
Bought by
Equity Trust Company and Armando C Lopez Ira
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
4.67%
Mortgage Type
Balloon
Purchase Details
Closed on
Jan 12, 2011
Sold by
Liquidation Properties Inc
Bought by
Burkhalter Phalance E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
4.67%
Mortgage Type
Balloon
Purchase Details
Closed on
Nov 5, 2009
Sold by
Mccoy Anthony G
Bought by
Liquidation Properties Inc
Purchase Details
Closed on
Feb 12, 2007
Sold by
Mccoy Anthony G
Bought by
Mccoy Anthony G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
11%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sudar Lindsey | $570,000 | Pacific Coast Title | |
| Barrett Ronald E | $415,000 | First American Title | |
| Equity Trust Company | -- | Fidelity Van Nuys | |
| Burkhalter Phalance E | $178,500 | Lsi Title Company | |
| Liquidation Properties Inc | $199,000 | Accommodation | |
| Mccoy Anthony G | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sudar Lindsey | $69,000 | |
| Open | Sudar Lindsey | $457,000 | |
| Closed | Sudar Lindsey | $455,920 | |
| Previous Owner | Barrett Ronald E | $308,000 | |
| Previous Owner | Equity Trust Company | $168,750 | |
| Previous Owner | Mccoy Anthony G | $310,000 | |
| Previous Owner | Mccoy Anthony G | $243,000 | |
| Previous Owner | Mccoy Anthony G | $30,000 | |
| Previous Owner | Mccoy Anthony G | $160,000 | |
| Previous Owner | Mccoy Anthony G | $29,448 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2023 05/02/23 | Sold | $950,000 | -7.3% | $713 / Sq Ft |
| 03/30/2023 03/30/23 | Pending | -- | -- | -- |
| 03/09/2023 03/09/23 | Price Changed | $1,025,000 | -6.8% | $770 / Sq Ft |
| 02/23/2023 02/23/23 | For Sale | $1,100,000 | -- | $826 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,888 | $969,000 | $510,000 | $459,000 |
| 2023 | $7,893 | $635,844 | $557,759 | $78,085 |
| 2022 | $7,531 | $623,377 | $546,823 | $76,554 |
| 2021 | $7,435 | $611,154 | $536,101 | $75,053 |
| 2020 | $7,510 | $604,888 | $530,604 | $74,284 |
| 2019 | $7,215 | $593,028 | $520,200 | $72,828 |
| 2018 | $7,153 | $581,400 | $510,000 | $71,400 |
| 2016 | $2,488 | $193,721 | $162,338 | $31,383 |
| 2015 | $2,454 | $190,812 | $159,900 | $30,912 |
| 2014 | $2,477 | $187,075 | $156,768 | $30,307 |
Source: Public Records
Agents Affiliated with this Home
-
Keaton Quaack
K
Seller's Agent in 2023
Keaton Quaack
Lyon Stahl Investment Real Estate, Inc.
(562) 743-8204
1 in this area
6 Total Sales
-
Joshua Barut
Seller Co-Listing Agent in 2023
Joshua Barut
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
1 in this area
35 Total Sales
-
Richard Schulman
Buyer's Agent in 2023
Richard Schulman
KW SELA
(310) 482-0173
2 in this area
532 Total Sales
-
Amy Johns
Buyer's Agent in 2023
Amy Johns
KW SELA
(310) 347-5805
1 in this area
51 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23030132
APN: 5048-024-009
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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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