NOT LISTED FOR SALE

Estimated Value: $1,848,000 - $2,428,000

6 Beds
6 Baths
3,805 Sq Ft
$561/Sq Ft Est. Value

Last Sold August 14, 2019

Last sale price $1,550,000 $407 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $12,844/month

8 Days on Market

Highlights

  • In Ground Pool
  • 6 Car Garage
  • Central Heating

About This Home

As of August 2019

FANTASTIC LADERA HEIGHTS TRI-PLEX WITH IN GROUND POOL. SHOWN BY APPOINTMENT ONLY-DO NOT DISTURB TENANTS. ONE UNIT IS VACANT.Property has upside potential in rents. Great corner lot with awesome view-six car detached garage. Vacant unit totally remodeled in 2018.Each unit has inside laundry-front unit has 2 bedrooms, a den with full bar in lieu of closet, and stone fireplace in living room.All units have an awesome view of LA west towards the Marina and on a clear day you can see "Forever"! This is a great owner/investment property in North Ladera Heights with easy access to LAX, restaurants, all major freeways, Westfield Shopping Mall, Howard Hughes Center, Trader Joes, The Forum, the beaches and the New Los Angeles RAMS stadium. Occupied units shown with accepted offer-Rents below market-exterior needs TLC.No sign in yard and no lockbox.

Last Agent to Sell the Property

JoAnne Ricks

First Security Investment Co. License #00879843 Listed on: 05/26/2019

Last Buyer's Agent

Crystal DaCosta

DaCosta Livin' Enterprises, Inc. License #01762855

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,217

Year Built

  • Built in 1954

Lot Details

  • 8,218

Parking

  • 6 Car Garage

Interior Spaces

  • 3,805 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors
  • Disposal
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating
  • Gas Water Heater

Additional Features

  • In Ground Pool
  • 8,218 Sq Ft Lot

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • The owner pays for pool service, water
  • Assessor Parcel Number 4201-012-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,217

Year Built

Built in 1954

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 3805
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Garbage Disposal, Gas Dryer Hookup
  • Price Per S Q F T: 407.36

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool Description: In Ground
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 6
  • Garage Structures: 1
  • Parking Garage: Garage Is Detached
  • Total Parking: 6

Utilities

  • Water Heater: Gas
  • Heating: Central
  • Security: Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 264858
  • Assessed Land Value: 489991
  • Assessor Parcel Number: 4201-012-016
  • Geocode Override: No
  • Lot Size Area: 8218

Rental Info

  • Owner Pays: Pool Service, Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Income
  • Vacancy Rate: 33%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2019
Closed on
Jun 28, 2019
Sold by
Smiley Tavis and Tavis Smiley Revocable Trust
Bought by
Niles Gregory E and Niles Renae Williams
Seller's Agent
JoAnne Ricks
First Security Investment Co.
Buyer's Agent
Crystal DaCosta
DaCosta Livin' Enterprises, Inc.
List Price
$1,550,000
Sold Price
$1,550,000
Current Estimated Value
$2,047,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,916
Avg. Annual Appreciation
5.46%
Original Mortgage
$1,162,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2006
Sold by
Smiley Tavis
Bought by
Smiley Tavis and Tavis Smiley Revocable Trust

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
1.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2003
Sold by
Smiley Tavis
Bought by
Smiley Tavis and Tavis Smiley Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

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

Purchase Details

Closed on
Apr 10, 2000
Sold by
Christopher Carl K and Christopher Bobby L
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
$440,000
Interest Rate
7.75%
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
Niles Gregory E $1,550,000 Fidelity National Title Co
Smiley Tavis -- Accommodation
Smiley Tavis -- Alliance Title Company
Smiley Tavis -- --
Smiley Tavis -- Fidelity National Title Co
Smiley Tavis -- --
Smiley Tavis $570,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Niles Gregory E $1,173,000
Previous Owner Niles Gregory E $1,162,500
Previous Owner Smiley Tavis $1,001,000
Previous Owner Smiley Tavis $250,000
Previous Owner Smiley Tavis $840,000
Previous Owner Smiley Tavis $650,000
Previous Owner Smiley Tavis $502,000
Previous Owner Smiley Tavis $440,000
Closed Smiley Tavis $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2019 08/14/19 Sold $1,550,000 0.0% $407 / Sq Ft
05/26/2019 05/26/19 For Sale $1,550,000 -- $407 / Sq Ft
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 $20,217 $1,695,148 $1,093,645 $601,503
2024 $20,217 $1,661,910 $1,072,201 $589,709
2023 $19,777 $1,629,325 $1,051,178 $578,147
2022 $20,243 $1,597,378 $1,030,567 $566,811
2021 $20,083 $1,566,058 $1,010,360 $555,698
2019 $10,568 $785,343 $509,785 $275,558
2018 $10,528 $769,945 $499,790 $270,155
2016 $9,981 $740,049 $480,384 $259,665
2015 $9,907 $728,934 $473,169 $255,765
2014 $9,919 $714,656 $463,901 $250,755
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-470810

The MLS

APN: 4201-012-016