NOT LISTED FOR SALE
15 Beds
9 Baths
12,668 Sq Ft
0.53 Acre Lot

Sale Details

Date Sold: December 4, 2015

Last sale price $1,600,000 $126 Per Sq Ft

64 Days on Market

Highlights

  • 0.53 Acre Lot
  • Wrought Iron Fence
  • 2-minute walk to Augustus F. Hawkins Natural Park
  • Corner Lot

About This Home

As of December 2015

SELLERS SAYS SELL IT!!!!!!!WOW HUGE PRICE REDUCTION!REDUCED $$76,000. We are proud to present this attractive twelve unit apartment building in South Los Angeles. This offering consists of One 1-Bedroom, 1-Bathroom unit, Seven 2-Bedroom, 1-Bathroom units, Two 2-Bedroom, 2-Bathroom units, and Two 3-Bedroom, 1-Bathroom units. Bring your investors, this property will not last! Property highlights: -Excellent Unit Mix -Ample On-Site Parking -Fully Occupied -Rental Upside.

Last Agent to Sell the Property

Victor Ambriz Jr

Keller Williams SELA License #00952349 Listed on: 07/09/2015

Keller Williams SELA

Last Buyer's Agent

Susana Hernandez

Excellence RE Real Estate License #01029371

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 22,944 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Corner Lot

Parking

  • 30 Parking Spaces

Interior Spaces

  • 12,668 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 107
  • Tax Tract Number 2289
  • Assessor Parcel Number 5105017027

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • Rent Control
  • 13 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,000
  • Insurance Expense $7,000
  • Trash Expense $2,500
  • Water Sewer Expense $8,000
  • New Taxes Expense $21,575
  • Gross Income $13,181
  • Net Operating Income $93,468

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0.53 Acres

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 8000.00
  • Property Type: Residential Income
  • Parcel Number: 5105017027
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 126.30

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 30.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: Lot 20000-39999 Sqft, Corner Lot
  • Lot Size Sq Ft: 22944.00
  • Price Per Lot Square Foot: 69.74
  • Lot Size Acres: 0.5270

Multi Family

  • Electric Expense: 6000.00
  • Gross Income: 13181.00
  • Gross Scheduled Income: 158172.00
  • Insurance Expense: 7000.00
  • Lot Size Area: 22944.0000 Square Feet
  • Net Operating Income: 93468.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 56795.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 21575.00
  • Tax Lot: 107
  • Tax Tract Number: 2289

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2022
Sold by
Bought by

Purchase Details

Listed on
Jul 9, 2015
Closed on
Dec 1, 2015
Sold by
Bought by
Seller's Agent
Victor Ambriz Jr
Keller Williams SELA
Buyer's Agent
Susana Hernandez
Excellence RE Real Estate
List Price
$1,726,000
Sold Price
$1,600,000
Premium/Discount to List
-$126,000
-7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
0.0616%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
0.0715%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,600,000 Chicago Title Company
-- Fidelity Van Nuys
-- --
$350,000 Southland Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,100,000
Previous Owner $780,000
Previous Owner $258,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/04/2015 12/04/15 Sold $1,600,000 -7.3% $126 / Sq Ft
09/11/2015 09/11/15 Pending -- -- --
07/09/2015 07/09/15 For Sale $1,726,000 -- $136 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $24,957 $1,894,069 $1,065,414 $828,655
2024 $24,522 $1,856,931 $1,044,524 $812,407
2023 $24,080 $1,820,522 $1,024,044 $796,478
2022 $23,029 $1,784,826 $1,003,965 $780,861
2021 $22,695 $1,749,830 $984,280 $765,550
2019 $22,056 $1,697,932 $955,087 $742,845
2018 $21,613 $1,664,640 $936,360 $728,280
2016 $20,534 $1,600,000 $900,000 $700,000
2015 $6,593 $430,208 $245,834 $184,374
2014 $6,695 $421,782 $241,019 $180,763
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15163077

California Regional Multiple Listing Service (CRMLS)
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