$985,000
SOLD JUL 8, 2024
10 Beds
4 Baths
2,770 Sq Ft
6,209 Sq Ft Lot

Recently Sold

$356 Per Sq Ft

1% Below List Price

94 Days on Market

Highlights

  • Property is near public transit
  • Side by Side Parking
  • Wall Furnace

About This Home

As of July 2024

PROPERTY FRESHLY PAINTED AS OF 01/29/24. Don’t miss the opportunity to own this great quadruplex under million dollars. The property is located in the R3 zoning and offers a total of 10 bedrooms and 4 bathrooms sitting on 6209 square feet lot. Wonderful combinations: (2) 3 bedrooms 1 baths and (2) 2 bedrooms 1 bath, 8 parking spaces in the rear. Separate meters for gas and power. Great current monthly total rent with upside rental potentials in this strong rental market. Ready for investors looking for cash flow or owners occupied. Centrally located, close to shopping malls, freeways, newly built SOFI Stadium, Downtown Los Angeles, USC, Crypto Arena, upcoming Los Angeles Clippers Stadium. Drive By Only. Do Not Disturb Tenants.

Last Agent to Sell the Property

Jules Kanhan

Jules Laross Kanhan Brokerage Phone: 310-227-9121 License #01359175 Listed on: 01/15/2024

Last Buyer's Agent

Jules Kanhan

Jules Laross Kanhan Brokerage Phone: 310-227-9121 License #01359175 Listed on: 01/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,844

Year Built

  • Built in 1947

Lot Details

  • 6,209 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Quadruplex

Interior Spaces

  • 2,770 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Side by Side Parking
  • Tandem Uncovered Parking
  • Parking Lot

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 13970
  • Assessor Parcel Number 6002023014
  • $503 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $89,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,844

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Price Per Unit: 247500
  • Property Attached: Yes
  • View: No
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6002023014
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 355.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space, Side by Side, Tandem Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6209.00
  • Lot Size Acres: 0.1425
  • Latitude Manual: 33.98382500

Multi Family

  • Gross Income: 89388.00
  • Gross Scheduled Income: 89388.00
  • Lot Size Area: 6209.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2372.02
  • Tax Lot: 24
  • Tax Tract Number: 13970
  • TaxOtherAnnualAssessmentAmount: 503.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Jun 21, 2024
Sold by
Owairu Sunday O
Bought by
Desta Mikyas
Seller's Agent
Jules Kanhan
Jules Laross Kanhan
Buyer's Agent
Jules Kanhan
Jules Laross Kanhan
List Price
$989,999
Sold Price
$985,000
Premium/Discount to List
-$4,999
-0.5%
Total Days on Market
94
Views
61
Current Estimated Value
$964,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,099
Avg. Annual Appreciation
-0.56%
Original Mortgage
$935,750
Outstanding Balance
$930,307
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$49,779

Purchase Details

Closed on
Mar 24, 2008
Sold by
Owairu Vilma M
Bought by
Owairu Sunday O

Purchase Details

Closed on
Nov 15, 2007
Sold by
Cadet Elizette
Bought by
Owairu Sunday O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2006
Sold by
Sateriere Milford
Bought by
Cadet Elizette

Purchase Details

Closed on
Oct 26, 2005
Sold by
Cadet Elizette
Bought by
Sateriere Milford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 24, 2003
Sold by
Velasquez Pedro Z
Bought by
Cadet Elizette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2002
Sold by
Cross Roads Consolidated Capital Inc
Bought by
Velasquez Pedro Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,500
Interest Rate
6.03%

Purchase Details

Closed on
Jan 22, 2002
Sold by
Lakeview Associates Inc
Bought by
Cross Roads Consolidated Capital Inc

Purchase Details

Closed on
Jan 24, 2001
Sold by
U S Bank National Assn
Bought by
Lakeview Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.11%

Purchase Details

Closed on
Dec 19, 2000
Sold by
Matta Gregory
Bought by
U S Bank National Assn and First Bank National Assn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.11%

Purchase Details

Closed on
Oct 16, 2000
Sold by
Smith Marquis G
Bought by
Williams Ieda

Purchase Details

Closed on
Jun 28, 2000
Sold by
Maha Gregory
Bought by
Smith Marqus G and Tea Charles Terry

Purchase Details

Closed on
May 26, 2000
Sold by
Matta Gregory
Bought by
Williams Julia Warren

Purchase Details

Closed on
May 25, 2000
Sold by
Matta Gregory
Bought by
Flenoury Jerry

Purchase Details

Closed on
Mar 25, 1999
Sold by
Pacific Access Corp
Bought by
Matta Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.73%

Purchase Details

Closed on
Mar 18, 1999
Sold by
U S Bank National Assn
Bought by
Pacific Access Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.73%

Purchase Details

Closed on
May 13, 1997
Sold by
Bryant Woody
Bought by
First Bank National

Purchase Details

Closed on
Jan 4, 1994
Sold by
Johnson Rupert A
Bought by
Bryant Woody
Source: Public Records

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Range of Values:

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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
Grant Deed $985,000 Provident Title Company
Interfamily Deed Transfer -- Orange Coast Title Co Inland
Grant Deed $540,000 Orange Coast Title Company I
Quit Claim Deed -- None Available
Grant Deed $600,000 Lawyers Title Company
Grant Deed $369,000 Ticor Title Company
Grant Deed $309,000 --
Grant Deed -- --
Grant Deed $145,000 First American Title Co
Trustee Deed $199,900 United Title Company
Gift Deed -- --
Gift Deed -- --
Gift Deed -- --
Gift Deed -- --
Grant Deed $270,000 Equity Title
Corporate Deed $155,000 Investors Title Company
Trustee Deed $159,146 Stewart Title
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $935,750 New Conventional
Previous Owner $432,000 Purchase Money Mortgage
Previous Owner $90,000 Stand Alone Second
Previous Owner $480,000 Fannie Mae Freddie Mac
Previous Owner $295,200 Purchase Money Mortgage
Previous Owner $293,500 No Value Available
Previous Owner $184,000 No Value Available
Previous Owner $243,000 No Value Available
Closed $73,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $985,000 -0.5% $356 / Sq Ft
04/18/2024 04/18/24 Pending -- -- --
01/15/2024 01/15/24 For Sale $989,999 -- $357 / 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
2024 $8,844 $695,376 $611,680 $83,696
2023 $8,682 $681,742 $599,687 $82,055
2022 $8,293 $668,376 $587,929 $80,447
2021 $8,180 $655,271 $576,401 $78,870
2019 $7,942 $635,837 $559,305 $76,532
2018 $7,835 $623,371 $548,339 $75,032
2016 $6,058 $480,000 $420,700 $59,300
2015 $6,059 $480,000 $420,700 $59,300
2014 $5,793 $445,000 $390,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24008430

California Regional Multiple Listing Service (CRMLS)

APN: 6002-023-014