NOT LISTED FOR SALE

6015 S Wilton Place Los Angeles, CA 90047

Chesterfield Square Neighborhood

Estimated Value: $1,216,000 - $1,657,000

16 Beds
8 Baths
5,812 Sq Ft
$256/Sq Ft Est. Value

Last Sold April 21, 2015

Last sale price $785,000 $135 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $9,036/month

45 Days on Market

Highlights

  • Traditional Architecture
  • Carpet
  • Tandem Garage

About This Home

As of April 2015

First time on the market in 17 years. Built in 1970 is this single complex with four distinct 4 bd/2 ba units. Each unit measures at more than 1400 square feet. This is an incredible opportunity to purchase four-4 bd/2 ba units in in this high demand rental market of Los Angeles. An opportunity like this does not come along very often for either an investor looking for income or for someone looking to live in one unit and rent out the other three to help cover the cost of ownership. With long term tenants in three of the units with upside rental opportunity and one is not currently occupied and available unit for immediate occupancy, this property will not last. Please do not disturb the tenants. Unit four has been recently painted & updated with new carpet and is available for immediate occupancy. There are two individual parking spots for each unit. Current tenants qualify under section 8.

Last Agent to Sell the Property

Jason Berns

Keller Williams Realty License #01787757 Listed on: 02/13/2015

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,785

Year Built

  • Built in 1970

Lot Details

  • 9,005 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Property Attached

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • Parking Available
  • Tandem Garage
  • Parking Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 6001011027

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $3,217
  • Maintenance Expense $3,400
  • Water Sewer Expense $3,992
  • New Taxes Expense $9,710
  • Gross Income $75,672
  • Net Operating Income $54,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,785

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • Water Sewer Expenses: 3992.00
  • Zoning: LAR1
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 6001011027
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level - No Steps
  • Flooring: Carpet, Laminate
  • Levels: Two

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space, Tandem Garage

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 9005.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 75672.00
  • Gross Multiplier: 9.90
  • Insurance Expense: 3217.00
  • Lot Size Area: 9005.0000 Square Feet
  • Maintenance Expense: 3400.00
  • Net Operating Income: 54452.00
  • 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: 21220.00
  • Operating Expense Percent: 28.00
  • Vacancy Allowance: 5

Tax Info

  • New Taxes Expense: 9710.00
  • Tax Rate: 1.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2015
Sold by
Edmond Carl L and Edmond Elsie Faye H
Bought by
F & C Edmond Enterprises
Current Estimated Value
$1,471,057

Purchase Details

Listed on
Feb 13, 2015
Closed on
Mar 18, 2015
Sold by
Edmond Elsie Faye
Bought by
Edmond Carl L
Seller's Agent
Jason Berns
Keller Williams Realty
List Price
$749,000
Sold Price
$785,000
Premium/Discount to List
$36,000
4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$549,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 13, 2015
Closed on
Mar 5, 2015
Sold by
Edmond Carl L
Bought by
The Carl Lawrence Edmond & Elsie Faye H
Seller's Agent
Jason Berns
Keller Williams Realty
List Price
$749,000
Sold Price
$785,000
Premium/Discount to List
$36,000
4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 13, 2015
Closed on
Feb 27, 2015
Sold by
Sherman Jessie and Sherman Cynthia
Bought by
Edmond Carl L
Seller's Agent
Jason Berns
Keller Williams Realty
List Price
$749,000
Sold Price
$785,000
Premium/Discount to List
$36,000
4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 1998
Sold by
Johnson Ethel C Tr Johnson Trust
Bought by
Sherman Jessie and Sherman Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,820
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 23, 1993
Sold by
Johnson Ethel C
Bought by
Johnson Ethel C
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
F & C Edmond Enterprises -- None Available
Edmond Carl L -- Lawyers Title
The Carl Lawrence Edmond & Elsie Faye H -- None Available
Edmond Carl L $785,000 Lawyers Title
Sherman Jessie $275,000 Commonwealth Title
Johnson Ethel C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edmond Carl L $549,500
Previous Owner Sherman Jessie $257,200
Previous Owner Sherman Jessie $263,820
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2015 04/21/15 Sold $785,000 +4.8% $135 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
02/13/2015 02/13/15 For Sale $749,000 -- $129 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $11,785 $929,274 $692,518 $236,756
2024 $11,785 $911,054 $678,940 $232,114
2023 $11,572 $893,191 $665,628 $227,563
2022 $11,060 $875,678 $652,577 $223,101
2021 $10,896 $858,509 $639,782 $218,727
2019 $10,583 $833,047 $620,806 $212,241
2018 $10,395 $816,714 $608,634 $208,080
2016 $10,038 $796,971 $406,100 $390,871
2015 $4,815 $358,705 $195,657 $163,048
2014 $4,859 $351,680 $191,825 $159,855
Source: Public Records

Agents Affiliated with this Home

  • Jason Berns

    Seller's Agent in 2015

    Jason Berns

    Keller Williams Realty

    (626) 826-4544

    396 Total Sales

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-315001482

Pasadena-Foothills Association of REALTORS®

APN: 6001-011-027

California Los Angeles County Los Angeles 90047 Chesterfield Square

6015 S Wilton Place, Los Angeles, CA

This home is located at 6015 S Wilton Place, Los Angeles, CA 90047 since 13 February 2015 and is currently estimated at $1,488,255, approximately $256 per square foot. This property was built in 1970. 6015 S Wilton Place is a home located in Los Angeles County with nearby schools including Fifty-Ninth Street Elementary School, Horace Mann Ucla Community, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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