$605,000
SOLD JAN 2, 2016
8 Beds
7 Baths
3,723 Sq Ft
9,477 Sq Ft Lot

Recently Sold

$163 Per Sq Ft

2% Below List Price

126 Days on Market

About This Home

As of January 2016

**(Back on Market)** Fantastic Investment Opportunity to create a steady stream of cash flow with these well kept 7 units. Located in a high in demand area of Los Angeles, these 7 units have been redone from the interior and are priced to sell! Seller is motivated, submit an offer before they sell.

Last Agent to Sell the Property

Oscar Carlos

Keller Williams Pacific Estates Cerritos License #01887936 Listed on: 10/06/2015

Last Buyer's Agent

H. Kim Huntley

Howard Huntley, Broker License #00497788

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,462

Year Built

  • Built in 1953

Lot Details

  • 9,477 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 7 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • 3,723 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 132
  • Tax Tract Number 2349
  • Assessor Parcel Number 4006005019

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Gross Income $5,083
  • Net Operating Income $45,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,462

Year Built

Built in 1953

Lot Details

0

Parking

7

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 4006005019
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 162.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 9477.00
  • Price Per Lot Square Foot: 63.84
  • Lot Size Acres: 0.2180

Multi Family

  • Gross Income: 5083.00
  • Gross Scheduled Income: 60996.00
  • Lot Size Area: 9477.0000 Square Feet
  • Net Operating Income: 45396.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 15600.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 132
  • Tax Tract Number: 2349

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2017
Sold by
Mittal Mark
Bought by
Mittal Assets Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,500
Outstanding Balance
$413,639
Interest Rate
3.86%
Mortgage Type
Commercial
Estimated Equity
$665,809

Purchase Details

Listed on
Oct 6, 2015
Closed on
Dec 18, 2015
Sold by
Corona Juan and Corona Sofia
Bought by
Mittal Mark
Seller's Agent
Oscar Carlos
Keller Williams Pacific Estates Cerritos
Buyer's Agent
H. Kim Huntley
Howard Huntley, Broker
List Price
$620,000
Sold Price
$605,000
Premium/Discount to List
-$15,000
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Original Mortgage
$30,000,000
Outstanding Balance
$23,892,151
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$22,812,703

Purchase Details

Closed on
Jan 9, 2007
Sold by
Corona Juan
Bought by
Corona Juan and Corona Sofia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2006
Sold by
Corona Sofia
Bought by
Corona Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 1998
Sold by
United States Funding Capital Inc
Bought by
Corona Juan and Corona Sofia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 6, 1996
Sold by
Guardian Fed Svgs Assn Fa
Bought by
United States Funding Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 1995
Sold by
Kalupara Joseph and Kalapura Chinnamma
Bought by
Bank Of America Nt & Sa
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
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $605,000 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Security Union Title Ins Co
Corporate Deed $36,000 Orange Coast Title
Corporate Deed -- Orange Coast Title
Trustee Deed $138,196 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $493,500 Commercial
Closed $493,500 Commercial
Open $30,000,000 Credit Line Revolving
Previous Owner $430,000 Commercial
Previous Owner $100,000 Commercial
Previous Owner $130,000 Seller Take Back
Previous Owner $130,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 For Sale $1,050,000 +73.6% $282 / Sq Ft
01/02/2016 01/02/16 Sold $605,000 -2.4% $163 / Sq Ft
12/14/2015 12/14/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $620,000 -- $167 / Sq Ft
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 $16,462 $1,308,499 $967,152 $341,347
2024 $16,462 $1,282,843 $948,189 $334,654
2023 $16,161 $1,257,691 $929,598 $328,093
2022 $15,443 $1,233,031 $911,371 $321,660
2021 $15,248 $1,208,854 $893,501 $315,353
2020 $15,396 $1,197,520 $884,340 $313,180
2019 $14,812 $1,174,060 $867,000 $307,060
2018 $8,413 $630,502 $416,160 $214,342
2016 $7,994 $605,000 $400,000 $205,000
2015 $5,217 $371,991 $225,855 $146,136
2014 $5,262 $364,705 $221,431 $143,274
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15176495

California Regional Multiple Listing Service (CRMLS)

APN: 4006-005-019