NOT LISTED FOR SALE

Estimated Value: $1,003,799

7 Beds
5 Baths
2,911 Sq Ft
$345/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $825,000 $283 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,376/month

30 Days on Market

About This Home

As of December 2020

We are pleased to offer this three unit offering, located in the City of Los Angeles. The unit mix consists of one 2+1 units, one 2+2 unit, and one 3+2 unit. The investment consists of approximately 2,911 of rentable square feet and is situated on an approximately 6,717 square foot parcel. The 2+2 unit may be used as an owner's unit or rented for additional income. Building amenities include aluminum windows throughout, an on-site garage with two parking spaces, three new electrical meters, and the property is separately metered for both gas & electricity The property is not subject to the Los Angeles Soft-Story Retrofit Program.

Last Agent to Sell the Property

Ian Hollinger

BRC Advisors- BH License #01889125 Listed on: 09/08/2020

BRC Advisors- BH

Co-Listed By

Griffin White

BRC Advisors- BH License #02031785

Last Buyer's Agent

Charles McMillan

Charles McMillan License #01155797

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,017

Year Built

  • Built in 1948

Lot Details

  • 6,718

Interior Spaces

  • 2,911 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • 6,718 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6003-026-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,017

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2911
  • Lot Acreage: 0.1542
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 308.83

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: 6003-026-027
  • Lot Size Area: 6718

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.68
  • Number Of Units: 3
  • Total Annual Expense: 20429
  • Type Of Units: Income
  • Vacancy Rate: 2%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Dec 7, 2020
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Williams Lori L and Williams Marcus N
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
Charles McMillan
Charles McMillan
List Price
$899,000
Sold Price
$825,000
Premium/Discount to List
-$74,000
-8.23%
Current Estimated Value
$1,003,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,799
Avg. Annual Appreciation
4.07%
Original Mortgage
$755,493
Outstanding Balance
$676,867
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$319,588

Purchase Details

Closed on
Dec 14, 2006
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Mckinney Farley G and Mckinney Alice R
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
Williams Lori L $825,000 Ticor Title
Mckinney Farley G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Lori L $755,493
Previous Owner Mckinney Farley G $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $825,000 -8.2% $283 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $899,000 -- $309 / 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 $11,017 $893,005 $865,945 $27,060
2024 $11,017 $875,496 $848,966 $26,530
2023 $10,812 $858,330 $832,320 $26,010
2022 $10,322 $841,500 $816,000 $25,500
2021 $10,185 $825,000 $800,000 $25,000
2020 $1,314 $68,992 $15,885 $53,107
2019 $1,280 $67,640 $15,574 $52,066
2018 $1,118 $66,315 $15,269 $51,046
2016 $1,041 $63,742 $14,677 $49,065
2015 $1,029 $62,785 $14,457 $48,328
2014 $1,043 $61,556 $14,174 $47,382
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-629256

The MLS

APN: 6003-026-027