$1,050,000
SOLD JAN 16, 2025
4 Beds
4 Baths
2,500 Sq Ft
8,250 Sq Ft Lot

Recently Sold

$420 Per Sq Ft

9% Below List Price

52 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Bonus Room
  • Skylights
  • Fireplace in Primary Bedroom
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of January 2025

Buyer’s Loss, Your Gain!

Welcome to this exceptional investment opportunity in Ladera Heights, featuring a beautifully designed mid-century modern duplex with two spacious units, along with a bonus single unit. Here's what makes this property a must-see:

Architectural Charm
The mid-century modern design showcases high ceilings and abundant natural light, creating a bright, airy, and welcoming atmosphere in both units.

Spacious Layout
One unit offers two bedrooms and one bath, and Another Unit with Two Bedrooms and two bath providing comfortable living spaces. The front unit has been recently remodeled, featuring updated floors, fresh paint, and modern finishes, while the second unit presents an exciting opportunity for renovation to increase its value further.

Leased Units
The front 2-bedroom unit is currently leased for $2,650, generating immediate rental income. Additionally, the bonus single unit in the back is leased for $1,300, boosting the financial appeal of this investment.

Parking Convenience
One unit has its own private two-car garage, offering secure parking and storage. Additional parking is available for residents and guests.

Prime Location
Situated just minutes from major attractions such as SoFi Stadium, The Forum, Hollywood Park development, Fox Hills Mall, and the beaches of Los Angeles, this property is also close to Culver City. Enjoy easy access to LAX, local dining, shopping, and the Crenshaw/LAX Metro Line, making it ideal for commuters.

This property combines strong investment potential with established rental income in a highly desirable neighborhood. Don't miss out on this fantastic opportunity! Subject to cancellation of previous escrow, it’s ready for you to make it yours.

Would you like more details on financing options, neighborhood amenities, or a deeper dive into its long-term investment potential?

Last Agent to Sell the Property

mona flaum

Equity Union Brokerage Phone: 818-621-9445 License #01200014 Listed on: 10/22/2024

Equity Union

Last Buyer's Agent

Ajith Puthanpurayil

LAX Realty, Inc. License #01981956

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,832

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 8,250 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Combination Of Materials Used In The Driveway

Home Design

  • Duplex
  • Midcentury Modern Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Fire Rated Drywall
  • Partial Copper Plumbing

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Recessed Lighting
  • Window Screens
  • Living Room with Fireplace
  • Bonus Room

Kitchen

  • Six Burner Stove
  • Built-In Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Accessible Home Design

  • Customized Wheelchair Accessible
  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Fireplace in Patio
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Floor Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Tax Lot 27
  • Tax Tract Number 12657
  • Assessor Parcel Number 4002004011
  • $50,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Fuel Expense $1,800
  • Insurance Expense $2,400
  • Pest Control $600
  • Trash Expense $600
  • Water Sewer Expense $600
  • Operating Expense $9,600
  • Net Operating Income $45,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,832

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 383333
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: LCR2YY
  • Architectural Style: Mid Century Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4002004011
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial, Pantry, Recessed Lighting
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: 2+ Access Exits, Customized Wheelchair Accessible, Parking, See Remarks
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Primary Bedroom, Patio
  • Levels: One
  • Price Per Square Foot: 420.00
  • Room Type: All Bedrooms Down, Bonus Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom
  • Window Features: Screens, Skylight(s)

Exterior Features

  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway - Combination, Concrete, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Gas Water Heater, Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Floor Furnace
  • Laundry Features: Individual Room
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8250.00
  • Lot Size Acres: 0.1894

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Average Studio Area: 400 Square Feet
  • Electric Expense: 3600.00
  • Fuel Expense: 1800.00
  • Gross Scheduled Income: 45950.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 8250.0000 Square Feet
  • Net Operating Income: 45050.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 3
  • Operating Expense: 9000.00
  • Rent Control: Yes
  • Total Actual Rent: 3950.00
  • Total Expenses: 9600.00

Tax Info

  • Tax Census Tract: 7030.02
  • Tax Lot: 27
  • Tax Tract Number: 12657
  • TaxOtherAnnualAssessmentAmount: 50000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Jan 10, 2025
Sold by
Puthanpurayil Aniyan
Bought by
Puthanpurayil Padmini
Seller's Agent
mona flaum
Equity Union
Buyer's Agent
Ajith Puthanpurayil
LAX Realty, Inc.
List Price
$1,149,999
Sold Price
$1,050,000
Premium/Discount to List
-$99,999
-8.7%
Views
87
Current Estimated Value
$1,079,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,467
Avg. Annual Appreciation
4.42%
Original Mortgage
$787,500
Outstanding Balance
$781,903
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$297,564

Purchase Details

Listed on
Oct 22, 2024
Closed on
Dec 26, 2024
Sold by
Byer Timothy
Bought by
Byer Christina Denise Bowe
Seller's Agent
mona flaum
Equity Union
Buyer's Agent
Ajith Puthanpurayil
LAX Realty, Inc.
List Price
$1,149,999
Sold Price
$1,050,000
Premium/Discount to List
-$99,999
-8.7%
Views
87

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Outstanding Balance
$781,903
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$297,564

Purchase Details

Listed on
Oct 22, 2024
Closed on
Dec 18, 2024
Sold by
Craig Susan Webb and Byer Christina Denise
Bought by
Puthanpurayil Padmini
Seller's Agent
mona flaum
Equity Union
Buyer's Agent
Ajith Puthanpurayil
LAX Realty, Inc.
List Price
$1,149,999
Sold Price
$1,050,000
Premium/Discount to List
-$99,999
-8.7%
Views
87

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Outstanding Balance
$781,903
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$297,564

Purchase Details

Closed on
Jan 18, 2021
Sold by
Tycine Randolph Webb Living Trust
Bought by
Craig Susan Webb and Byer Christina Denise

Purchase Details

Closed on
Nov 15, 2017
Sold by
Webb Tycline R
Bought by
Webb Tycine Randolph and Tycine Randolph Webb Living Trust

Purchase Details

Closed on
Aug 4, 2000
Sold by
Baharun Hamdia
Bought by
Webb Tycine R and Craig Susan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.16%

Purchase Details

Closed on
Jul 22, 1997
Sold by
Mahamed Munira
Bought by
Baharun Hamdia

Purchase Details

Closed on
Jun 29, 1993
Sold by
Baharun Abubakar
Bought by
Mahamed Munira and Baharun Abdurahman
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 Type Sale Price Title Company
Quit Claim Deed -- Priority Title Company
Quit Claim Deed -- Priority Title Company
Quit Claim Deed -- Priority Title Company
Quit Claim Deed -- Priority Title Company
Grant Deed $1,050,000 Priority Title Company
Grant Deed $1,050,000 Priority Title Company
Trustee Deed -- Accommodation/Courtesy Recordi
Interfamily Deed Transfer -- None Available
Grant Deed $360,000 Commonwealth Title
Gift Deed -- --
Quit Claim Deed -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $787,500 New Conventional
Closed $787,500 New Conventional
Previous Owner $185,910 New Conventional
Previous Owner $159,600 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $178,000 Unknown
Previous Owner $160,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2025 01/16/25 Sold $1,050,000 -8.7% $420 / Sq Ft
12/14/2024 12/14/24 Pending -- -- --
10/22/2024 10/22/24 For Sale $1,149,999 0.0% $460 / Sq Ft
02/15/2020 02/15/20 Rented $1,300 0.0% --
02/15/2020 02/15/20 Under Contract -- -- --
01/22/2020 01/22/20 For Rent $1,300 +4.0% --
02/23/2019 02/23/19 Rented $1,250 0.0% --
02/10/2019 02/10/19 Under Contract -- -- --
01/15/2019 01/15/19 For Rent $1,250 +25.0% --
06/09/2017 06/09/17 Rented $1,000 0.0% --
06/08/2017 06/08/17 Under Contract -- -- --
06/01/2017 06/01/17 For Rent $1,000 -- --
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 $12,832 $542,445 $307,388 $235,057
2024 $12,832 $531,810 $301,361 $230,449
2023 $12,676 $521,383 $295,452 $225,931
2022 $12,821 $511,160 $289,659 $221,501
2021 $12,759 $501,138 $283,980 $217,158
2020 $12,448 $496,001 $281,069 $214,932
2019 $12,348 $486,276 $275,558 $210,718
2018 $12,242 $476,742 $270,155 $206,587
2017 $12,056 $467,395 $264,858 $202,537
2016 $6,259 $458,231 $259,665 $198,566
2015 $6,213 $451,349 $255,765 $195,584
2014 $6,222 $442,508 $250,755 $191,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24219012

California Regional Multiple Listing Service (CRMLS)

APN: 4002-004-011