NOT LISTED FOR SALE

5716 S Corning Ave Los Angeles, CA 90056

Ladera Heights Neighborhood

Estimated Value: $1,848,000 - $2,487,000

7 Beds
6 Baths
3,932 Sq Ft
$547/Sq Ft Est. Value

Last Sold November 10, 2020

Last sale price $1,725,000 $439 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $13,252/month

1 Day on Market

Highlights

  • Wood Flooring
  • Balcony
  • Central Heating
  • Stone Countertops

About This Home

As of November 2020

Extraordinary value add investment in prime LADERA HEIGHTS !!! This hard to find Triplex consists of a large owner user unit completely redone with new Hardwood floors ,Large living room with fireplace ,crown molding , small view , new kitchen with gorgeous cabinets and quartz counter tops , New tile floors , stainless appliances , 3 Bedrooms 2 remodeled Baths , Den . .Unit 2 . vacant and ready to be owner occupied with 2 Bedrooms 2 Baths with a Den , 3 unit - upper unit with city lights view with Large balcony , completely remodeled kitchen , new cabinets and appliances , new floors thru out , 2 remodeled bathrooms .This building is centrally located and close to freeways , Silicon Beach , Playa Vista , Rams and Charger Stadium , Lax . Very hard to find building

Last Agent to Sell the Property

Melissa Knight

The Hills Premier Realty License #01184594 Listed on: 09/24/2020

Last Buyer's Agent

Melissa Knight

The Hills Premier Realty License #01184594

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,106

Year Built

  • Built in 1956

Lot Details

  • 8,703

Parking

  • 6 Parking Spaces

Home Design

  • 3,932 Sq Ft Home
  • Triplex

Kitchen

  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating
  • Sewer in Street

Additional Features

  • Laundry in unit
  • Balcony
  • 8,703 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 4201-012-009

Community Details

Overview

  • 3 Units
  • The Hills Premier Realty Inc Association

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,106

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Extraordinary value add investment in prime LADERA HEIGHTS !!! This hard to find Triplex consists of a large owner user unit completely redone with new Hardwood floors ,Large living room with fireplace ,crown molding , small view , new kitchen with gorgeous cabinets and quartz counter tops , New tile floors , stainless appliances , 3 Bedrooms 2 remodeled Baths , Den . .Unit 2 . vacant and ready to be owner occupied with 2 Bedrooms 2 Baths with a Den , 3 unit - upper unit with city lights view with Large balcony , completely remodeled kitchen , new cabinets and appliances , new floors thru out , 2 remodeled bathrooms .This building is centrally located and close to freeways , Silicon Beach , Playa Vista , Rams and Charger Stadium , Lax . Very hard to find building
  • Living Area: 3932
  • Lot Acreage: 0.1998
  • Year Built: 1956
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood, Ceramic Tile, Mixed, Laminate
  • Bedrooms: 7
  • Kitchen Features: Stone Counters
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Equipment: Dishwasher
  • Price Per S Q F T: 457.78

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 6

Utilities

  • Heating: Central
  • Sewer: In Street

Condo/Co-op/Association

  • Management Company: The Hills Premier Realty Inc
  • Mgmt Co Phone: 3103090932|

Lot Info

  • Assessed Improvement Percent: 60.78
  • Assessed Improvement Value: 418742
  • Assessed Land Percent: 39.22
  • Assessed Land Value: 270153
  • Total Assessed Value: 688895
  • Assessor Parcel Number: 4201-012-009
  • Lot Size Area: 8703

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.60
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 4200
  • Type Of Units: TRIPLEX
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2021
Sold by
Willoughby Denita A
Bought by
The Willoughby Group Llc
Current Estimated Value
$2,084,091

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 4, 2020
Sold by
Willoughby Anthony
Bought by
Willoughby Denita A
Seller's Agent
Melissa Knight
The Hills Premier Realty
Buyer's Agent
Melissa Knight
The Hills Premier Realty
List Price
$1,800,000
Sold Price
$1,725,000
Premium/Discount to List
-$75,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%
Original Mortgage
$1,184,925
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2020
Closed on
Sep 23, 2020
Sold by
Dabbs Danielle Nicole
Bought by
Willoughby Denita A
Seller's Agent
Melissa Knight
The Hills Premier Realty
Buyer's Agent
Melissa Knight
The Hills Premier Realty
List Price
$1,800,000
Sold Price
$1,725,000
Premium/Discount to List
-$75,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,184,925
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2018
Sold by
Smiley Tavis and Tavis Smiley Revocable Living
Bought by
Dabbs Danielle Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2006
Sold by
Smiley Tavis
Bought by
Smiley Tavis and Tavis Smiley Revocable Living

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 12, 2001
Sold by
Smiley Tavis
Bought by
Smiley Tavis and Tavis Smiley Revocable Living

Purchase Details

Closed on
Oct 29, 1998
Sold by
Trust Griffin Albert And Mildred Trs Gri and Griffin Mildred S
Bought by
Smiley Tavis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.61%
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
The Willoughby Group Llc -- None Available
Willoughby Denita A -- Stewart Title Of Ca Inc
Willoughby Denita A $1,725,000 Stewart Title Of Ca Inc
Dabbs Danielle Nicole $1,400,000 Provident Title Co
Smiley Tavis -- Accommodation
Smiley Tavis -- --
Smiley Tavis $510,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Willoughby Denita A $1,184,925
Previous Owner Dabbs Danielle Nicole $1,050,000
Previous Owner Smiley Tavis $125,000
Previous Owner Smiley Tavis $845,000
Previous Owner Smiley Tavis $250,000
Previous Owner Smiley Tavis $650,000
Previous Owner Smiley Tavis $200,000
Previous Owner Smiley Tavis $150,000
Previous Owner Smiley Tavis $408,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2020 11/10/20 Sold $1,725,000 -4.2% $439 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $1,800,000 0.0% $458 / Sq Ft
07/22/2019 07/22/19 Rented $3,200 +6.8% --
07/20/2019 07/20/19 Off Market $2,995 -- --
06/21/2019 06/21/19 For Rent $2,995 0.0% --
06/17/2019 06/17/19 Off Market $2,995 -- --
06/13/2019 06/13/19 Price Changed $2,995 -9.2% $1 / Sq Ft
03/16/2019 03/16/19 Price Changed $3,300 -2.9% $1 / Sq Ft
02/17/2019 02/17/19 For Rent $3,400 -- --
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
2025 $22,106 $1,867,194 $1,325,978 $541,216
2024 $22,106 $1,830,583 $1,299,979 $530,604
2023 $21,648 $1,794,690 $1,274,490 $520,200
2022 $22,163 $1,759,500 $1,249,500 $510,000
2021 $21,988 $1,725,000 $1,225,000 $500,000
2020 $17,795 $1,428,000 $984,300 $443,700
2019 $17,518 $1,400,000 $965,000 $435,000
2018 $9,762 $702,672 $275,556 $427,116
2016 $9,254 $675,388 $264,856 $410,532
2015 $9,186 $665,244 $260,878 $404,366
2014 $9,198 $652,214 $255,768 $396,446
Source: Public Records

Agents Affiliated with this Home

  • Melissa Knight

    Seller's Agent in 2020

    Melissa Knight

    The Hills Premier Realty

    (310) 497-4125

    5 in this area

    36 Total Sales

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Map

Source: The MLS

MLS Number: 20-637592

The MLS

APN: 4201-012-009

California Los Angeles County Los Angeles 90056 Ladera Heights

5716 S Corning Ave, Los Angeles, CA

This home is located at 5716 S Corning Ave, Los Angeles, CA 90056 since 24 September 2020 and is currently estimated at $2,151,964, approximately $547 per square foot. This property was built in 1956. 5716 S Corning Ave is a home located in Los Angeles County with nearby schools including Parent (Frank D.) Elementary School, Inglewood High School, and La Tijera K-8 Charter School Academy of Excellence.

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