NOT LISTED FOR SALE

5710 S Gramercy Place Los Angeles, CA 90062

Chesterfield Square Neighborhood

Estimated Value: $900,479 - $1,092,000

6 Beds
4 Baths
3,096 Sq Ft
$313/Sq Ft Est. Value

Last Sold August 21, 2012

Last sale price $345,000 $111 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $5,617/month

295 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Carpet

About This Home

As of August 2012

Traditional Sale - Excellent opportunity to own 4 units. Property contains two structures on one lot. Front unit is large duplex
two bedrooms one bath each. Back building has one bedroom, one bath each with four car garages, and laundry room. Great income potential, One unit is occupy with owner's son. This unit will be vacant at close of escrow. All units have separate Gas & Electric Meters. FHA buyers accepted. Opportunity for income and cash flow. PLEASE DO NOT DISTURB THE OCCUPANTS. Call listing agent for more information. Close to public transportation, schools and 110 fwy. Showing all units with accepted offer only.

Last Agent to Sell the Property

Betty Woodard

Real Estate Merchant License #00640271 Listed on: 06/20/2011

Last Buyer's Agent

Akiva Sherman

Akiva Sherman License #01027564

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,496

Year Built

  • Built in 1928

Lot Details

  • 6,403

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,096 Sq Ft Home
  • Traditional Architecture
  • Split Level Home
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Sewer Paid

Additional Features

  • Laundry Room
  • 6,403 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 644
  • Tax Tract Number 2325
  • Assessor Parcel Number 5005018011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,196
  • Trash Expense $480
  • Water Sewer Expense $1,500
  • New Taxes Expense $4,500
  • Gross Income $3,743
  • Net Operating Income $2,598

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,496

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: lar2
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5005018011
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Levels: Multi/Split
  • Price Per Square Foot: 111.43

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6403.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 630
  • Average2 Bed Area: 918
  • Gross Income: 3743.00
  • Gross Scheduled Income: 2843.00
  • Insurance Expense: 2196.00
  • Lot Size Area: 6403.0000 Square Feet
  • Net Operating Income: 2598.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 245.00
  • Rent Control: Yes
  • Total Actual Rent: 2843.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Area: 212
  • Tax Lot: 644
  • Tax Rate: 1.25
  • Tax Tract Number: 2325
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2013
Sold by
Levin Maria and Maria Levin Living Trust
Bought by
Levi Maria and Maria Levin Living Trust
Current Estimated Value
$968,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Outstanding Balance
$152,914
Interest Rate
4.36%
Mortgage Type
New Conventional
Estimated Equity
$790,426

Purchase Details

Listed on
Jun 20, 2011
Closed on
Jun 26, 2012
Sold by
Smith Charline and The Living Trust Of Nathaniel
Bought by
Levin Marie and Marie Levin Living Trust
Seller's Agent
Betty Woodard
Real Estate Merchant
Buyer's Agent
Akiva Sherman
Akiva Sherman
List Price
$370,000
Sold Price
$345,000
Premium/Discount to List
-$25,000
-6.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$204,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2009
Sold by
Smith Nathaniel
Bought by
Living Trust Of Nathaniel Smith Sr

Purchase Details

Closed on
Jan 12, 2009
Sold by
Gmac Mortgage Llc
Bought by
Smith Nathaniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,823
Interest Rate
5.06%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 2008
Sold by
Jefferson Leonard
Bought by
Gmac Mortgage Llc and Gmac 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
$288,823
Interest Rate
5.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 2005
Sold by
Brown Leonard A
Bought by
Jefferson Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2002
Sold by
Brown Leonard
Bought by
Browns Handicapped Workshop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
7.13%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 23, 2000
Sold by
Brown Norma
Bought by
Brown Leonard

Purchase Details

Closed on
Aug 17, 2000
Sold by
Browns Handicapped Workshop
Bought by
Brown Leonard

Purchase Details

Closed on
Mar 7, 2000
Sold by
Hud
Bought by
Browns Handicapped Workshop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.22%

Purchase Details

Closed on
May 13, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Mar 12, 1997
Sold by
United Car Wash Corp
Bought by
Fonseca Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.96%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 8, 1997
Sold by
Cottrell Phoebe P
Bought by
United Car Wash Corp
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
Levi Maria -- Lsi
Levin Marie $345,000 Title 365
Living Trust Of Nathaniel Smith Sr -- None Available
Smith Nathaniel $355,000 First American Title
Gmac Mortgage Llc $490,500 None Available
Jefferson Leonard $565,000 Commonwealth Title
Browns Handicapped Workshop -- --
Brown Leonard -- Chicago Title Co
Brown Leonard -- Chicago Title Co
Browns Handicapped Workshop $200,000 Provident Title
Hud -- Benefit Land Title Ins Co
Norwest Mtg Inc $257,597 Benefit Land Title Ins Co
Fonseca Raul $249,000 Commonwealth Land Title
United Car Wash Corp $164,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levi Maria $204,000
Previous Owner Levin Marie $204,000
Previous Owner Smith Nathaniel $288,823
Previous Owner Jefferson Leonard $528,000
Previous Owner Jefferson Leonard $66,000
Previous Owner Jefferson Leonard $444,000
Previous Owner Brown Leonard A $350,000
Previous Owner Brown Leonard A $318,750
Previous Owner Brown Leonard $27,500
Previous Owner Brown Leonard $215,200
Previous Owner Browns Handicapped Workshop $200,000
Previous Owner Fonseca Raul $25,000
Previous Owner Fonseca Raul $240,492
Closed Jefferson Leonard $83,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2012 08/21/12 Sold $345,000 -6.8% $111 / Sq Ft
04/10/2012 04/10/12 Pending -- -- --
06/20/2011 06/20/11 For Sale $370,000 -- $120 / 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 $5,496 $424,828 $295,535 $129,293
2024 $5,496 $416,499 $289,741 $126,758
2023 $5,400 $408,333 $284,060 $124,273
2022 $5,166 $400,328 $278,491 $121,837
2021 $5,086 $392,480 $273,031 $119,449
2019 $4,943 $380,841 $264,934 $115,907
2018 $4,858 $373,375 $259,740 $113,635
2016 $4,624 $358,878 $249,655 $109,223
2015 $4,560 $353,488 $245,905 $107,583
2014 $4,602 $346,565 $241,089 $105,476
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Betty Woodard

    Real Estate Merchant

    Section Image
  • Akiva Sherman

    Buyer's Agent in 2012

    Akiva Sherman

    Akiva Sherman

    (818) 571-1221

    1 Total Sale

    Akiva Sherman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11080614

California Regional Multiple Listing Service (CRMLS)

APN: 5005-018-011

California Los Angeles County Los Angeles 90062 Chesterfield Square

5710 S Gramercy Place, Los Angeles, CA

This home is located at 5710 S Gramercy Place, Los Angeles, CA 90062 since 20 June 2011 and is currently estimated at $968,370, approximately $312 per square foot. This property was built in 1928. 5710 S Gramercy Place is a home located in Los Angeles County with nearby schools including Western Avenue Technology Magnet, Angeles Mesa Elementary School, and Horace Mann Ucla Community.

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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