NOT LISTED FOR SALE

Estimated Value: $2,358,415

9 Beds
8 Baths
5,945 Sq Ft
$397/Sq Ft Est. Value

Sale Details

Date Sold: March 22, 2024

Last sale price $2,312,726 $389 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $15,349 / mo

80 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Forced Air Heating and Cooling System
  • High Ceiling
  • Balcony

About This Home

As of March 2024

We are pleased to present a unique owner user or investment opportunity at 6069 Horner St in the highly coveted Pico Robertson submarket, a premier Los Angeles neighborhood that attracts high-end renters with a consistently low vacancy rate and steady rent growth. The property totals 5,945 SF with three spacious units, one three-bedroom two- bathroom unit (approximately 1,650 SF) and two three- bedroom three-bathroom units (approximately 1,900 & 1,950 SF) that have been meticulously maintained since the property was constructed. All units have secure, Ring security entrances and feature luxury interiors with 10-foot ceilings throughout, custom wood cabinetry, stainless steel appliances, recessed, LED retrofitted lighting, hardwood flooring, spacious living rooms, ample storage space and in-unit washer and dryer; the three-bedroom two-bathroom unit has a long balcony with access from the living room and master bedroom, and the two three-bedroom three- bathroom units have a shared, approximate 600 SF patio at the rear of the property. Each unit has a two-car garage located at the front of the property; one unit utilizes half of the garage as storage space and another unit uses half of the garage as a home office. Limited landlord responsibilities as tenants are responsible for all utilities including waste removal. The property benefits from a significant affordability gap between renting and home ownership inthe neighborhood; within two miles of the subject property, the median home value is over $1MM; the average household income within two miles of the property is $117,622.

Last Agent to Sell the Property

Michael Winestone

The Passman Group, Inc. License #01962276 Listed on: 10/31/2023

Co-Listed By

Neema Ahadian

Marcus & Millichap License #01346750

Last Buyer's Agent

Roya Souferzadeh

Landmark Realtors, Inc. License #01366262

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 5,676 Sq Ft Lot
  • Lot Dimensions are 50x114

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Driveway

Interior Spaces

  • 5,945 Sq Ft Home
  • 2-Story Property
  • High Ceiling

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Assessor Parcel Number 5068-005-031

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

5,676 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5945
  • Lot Acreage: 0.1303
  • Lot Dimensions: 50x114
  • Stories: 2
  • Year Built: 2008
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 3
  • Flooring: Wood, Tile
  • Appliances: Oven, Microwave, Range
  • Bedrooms: 9
  • Kitchen Features: Granite Counters
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher, Dryer, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 393.61

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+)
  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Parking Garage: Garage - 3 Car, Driveway
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning, Central
  • Electric Expense: 960.00
  • Heating: Central, Forced Air
  • Water: Public

Fee Information

  • Insurance Expense: 5945.00
  • Maintenance Expense: 1500.00
  • Management Expense: 5800.00
  • Other Expense: 698.00

Lot Info

  • Assessed Improvement Percent: 49.35
  • Assessed Improvement Value: 682630
  • Assessed Land Percent: 50.65
  • Assessed Land Value: 700689
  • Total Assessed Value: 1383319
  • Assessor Parcel Number: 5068-005-031
  • Lot Size Area: 5676

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.29
  • Number Of Units: 3
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 5.00

Tax Info

  • Tax Expense: 31200.00

MLS Schools

  • School District: Los Angeles Unified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Jan 24, 2024
Sold by
Bought by
Seller's Agent
Michael Winestone
The Passman Group, Inc.
Buyer's Agent
Roya Souferzadeh
Landmark Realtors, Inc.
List Price
$2,600,000
Sold Price
$2,312,726
Premium/Discount to List
-$287,274
-11.05%
Views
32
Current Estimated Value
$2,358,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,689
Avg. Annual Appreciation
0.83%

Purchase Details

Closed on
Mar 27, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,525
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,300
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2013
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 19, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,313,000 Fidelity National Title
-- Accommodation
-- Lawyers Title
-- Ticor Title Company Of Ca
-- Ticor Title Company Of Ca
-- None Available
-- None Available
$277,500 Southland Title
$277,500 Southland Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $984,525
Previous Owner $645,300
Previous Owner $417,000
Previous Owner $82,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/22/2024 03/22/24 Sold $2,312,726 -1.2% $389 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $2,340,000 -10.0% $394 / Sq Ft
10/31/2023 10/31/23 For Sale $2,600,000 -- $437 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $28,782 $2,358,954 $1,644,954 $714,000
2024 $17,621 $1,410,984 $714,702 $696,282
2023 $17,289 $1,383,319 $700,689 $682,630
2022 $16,498 $1,356,196 $686,950 $669,246
2021 $16,269 $1,329,605 $673,481 $656,124
2019 $15,788 $1,290,170 $653,506 $636,664
2018 $15,653 $1,264,874 $640,693 $624,181
2016 $14,926 $1,215,760 $615,815 $599,945
2015 $14,710 $1,197,499 $606,565 $590,934
2014 -- $1,174,043 $594,684 $579,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-326564

The MLS

APN: 5068-005-031

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