NOT LISTED FOR SALE

Estimated Value: $1,242,000 - $1,734,000

6 Beds
3 Baths
3,148 Sq Ft
$465/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $1,200,000 $381 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $9,063/month

7 Days on Market

About This Home

As of May 2021

PLEASE DO NOT DISTURB TENANTS. Wonderful investment opportunity for the savvy investor looking to add to their portfolio! Centrally located in Ladera Heights, this well-kept, fully occupied triplex has three identical 2 bedroom, 1 bathroom units in solid condition. The property is located in an idyllic pocket close to shopping, restaurants, churches, and easy freeway access. There is a potential for an upside in rents. The property will be delivered with all tenants in place. Showings with an accepted offer ONLY.

Last Agent to Sell the Property

Kimberly Calvert-Lehman

Compass License #01944950 Listed on: 02/22/2021

Compass

Last Buyer's Agent

Kimberly Calvert-Lehman

Compass License #01944950 Listed on: 02/22/2021

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,934

Year Built

  • Built in 1952

Lot Details

  • 8,198

Interior Spaces

  • 3,148 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • Garage
  • On-Street Parking

Additional Features

  • 8,198 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4001-030-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,934

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3148
  • Lot Acreage: 0.1882
  • Stories: 1
  • Year Built: 1952
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 3.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 381.19

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage, On street

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 28.07
  • Assessed Improvement Value: 171852
  • Assessed Land Percent: 71.93
  • Assessed Land Value: 440414
  • Total Assessed Value: 612266
  • Assessor Parcel Number: 4001-030-008
  • Lot Size Area: 8198

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2021
Sold by
Lewis William and Lewis Michele
Bought by
Houston Cedric L and Houston Zna Portlock
Current Estimated Value
$1,464,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2012
Sold by
Bridgman Lynn and Bridgman Esther
Bought by
Bridgman Lynn R and Bridgman Esther

Purchase Details

Closed on
Oct 21, 2005
Sold by
Bridgman Lynn and Fred A Martin Living Trust
Bought by
Lewis William

Purchase Details

Closed on
Jul 17, 2001
Sold by
Martin Fred A
Bought by
Martin Fred A and Fred A Martin Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Houston Cedric L $1,200,000 Lawyers Title La
Bridgman Lynn R -- None Available
Lewis William -- None Available
Martin Fred A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Houston Cedric L $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $1,200,000 0.0% $381 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $1,200,000 0.0% $381 / Sq Ft
07/02/2018 07/02/18 Rented $2,000 0.0% --
06/18/2018 06/18/18 Under Contract -- -- --
06/11/2018 06/11/18 For Rent $2,000 +11.1% --
07/30/2015 07/30/15 Rented $1,800 0.0% --
07/06/2015 07/06/15 Under Contract -- -- --
06/25/2015 06/25/15 For Rent $1,800 -- --
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 $15,934 $1,298,916 $1,169,026 $129,890
2024 $15,934 $1,273,448 $1,146,104 $127,344
2023 $15,535 $1,248,480 $1,123,632 $124,848
2022 $15,890 $1,224,000 $1,101,600 $122,400
2021 $9,409 $656,469 $472,211 $184,258
2020 $9,000 $649,739 $467,370 $182,369
2019 $8,870 $637,000 $458,206 $178,794
2018 $8,803 $624,511 $449,222 $175,289
2016 $8,354 $600,262 $431,779 $168,483
2015 $8,293 $591,247 $425,294 $165,953
2014 $8,306 $579,667 $416,964 $162,703
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-695938

The MLS

APN: 4001-030-008