NOT LISTED FOR SALE

Estimated Value: $865,000 - $1,110,789

8 Beds
4 Baths
3,337 Sq Ft
$297/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $750,000 $225 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,140/month

22 Days on Market

About This Home

As of April 2019

Cash Cow!!! 11.74 GRM & 6.04 CAP!!! All 2BR+1BA units with same floor plans. Huge parking lot in rear. Located on a quiet residential street surrounded by well-kept houses. The roof is about 10 years old, and the building has mostly copper plumbing throughout. Hardwood flooring. Easy access to FWY 110 and close to shops & restaurants. All Section 8 tenants with stable rent collection. There is a higher rent opportunity for 1 unit; please, see agent remarks. Shown with an accepted offer only. Drive by. Please, do not disturb the tenants.

Last Agent to Sell the Property

Johnny and David Team

Keller Williams Realty Los Feliz License #01394690 Listed on: 02/21/2019

Keller Williams Realty Los Feliz

Last Buyer's Agent

Diego Esquivel

Camerra Capital License #01733351

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,368

Year Built

  • Built in 1929

Lot Details

  • 5,738

Interior Spaces

  • 3,337 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Additional Features

  • 5,738 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6029-017-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,368

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3337
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 221.46

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 8

Utilities

  • Heating: Wall
  • Water Expense: 2640.00

Fee Information

  • Insurance Expense: 1650.00
  • Maintenance Expense: 3500.00
  • Other Expense: 500.00

Lot Info

  • Assessed Improvement Value: 171110
  • Assessed Land Value: 200686
  • Assessor Parcel Number: 6029-017-005
  • Geocode Override: No
  • Lot Size Area: 5738

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.74
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 18248
  • Type Of Units: 2Br+1Ba
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 8868.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2019
Closed on
Mar 27, 2019
Sold by
Pys Property Llc
Bought by
Maltez Hector Joel
Seller's Agent
Johnny and David Team
Keller Williams Realty Los Feliz
Buyer's Agent
Diego Esquivel
Camerra Capital
List Price
$739,000
Sold Price
$750,000
Premium/Discount to List
$11,000
1.49%
Current Estimated Value
$990,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,197
Avg. Annual Appreciation
4.91%
Original Mortgage
$736,415
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 29, 2019
Sold by
Park Yeun Sil and Park Youn Suk
Bought by
Pys Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,415
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 13, 2017
Closed on
Nov 9, 2017
Sold by
New Horizon Asset Investment Group Llc
Bought by
Park Yeun Sil and Park Young Suk
Seller's Agent
Nima Ardabill
Asset Financial Network
Buyer's Agent
Johnny Cho
Keller Williams Realty Los Feliz
List Price
$630,000
Sold Price
$630,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%
Original Mortgage
$441,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 13, 2012
Sold by
Bennas Llc
Bought by
New Horizon Asset Investment Group Llc

Purchase Details

Closed on
Oct 28, 2009
Sold by
Onlineware Consulting Inc
Bought by
Bennas Llc

Purchase Details

Closed on
Jan 8, 2009
Sold by
Us Bank National Association
Bought by
Online Ware Consulting Inc

Purchase Details

Closed on
May 30, 2007
Sold by
Reyes Jorge
Bought by
Us Bank Na and Csmc Mortgage Backed Pass Through Certif

Purchase Details

Closed on
Oct 13, 2005
Sold by
Nnachetam Stephen
Bought by
Reyes Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 9, 2001
Sold by
Cervantes Christopher Noe
Bought by
Nnachetam Stephen and Dike Fidelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,210
Interest Rate
6.57%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 26, 2001
Sold by
Cervantes Diana
Bought by
Cervantes Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.1%

Purchase Details

Closed on
Jul 9, 2001
Sold by
Flynt Harry Clay
Bought by
Cervantes Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.1%

Purchase Details

Closed on
Jul 19, 1995
Sold by
Flynt Harry C
Bought by
Flynt Harry Clay and Hc Flynt Family Trust
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
Maltez Hector Joel $750,000 Chicago Title Company
Pys Property Llc -- None Available
Park Yeun Sil $630,000 Chicago Title Company
New Horizon Asset Investment Group Llc -- None Available
Bennas Llc -- None Available
Online Ware Consulting Inc -- First American Title Ins Co
Us Bank Na $535,500 Accommodation
Reyes Jorge $625,000 Southland Title
Nnachetam Stephen $310,000 American Title Co
Cervantes Christopher -- --
Cervantes Christopher $185,000 American Title Co
Flynt Harry Clay -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maltez Hector Joel $89,983
Open Maltez Hector Joel $738,186
Closed Maltez Hector Joel $736,415
Previous Owner Park Yeun Sil $441,000
Previous Owner Reyes Jorge $500,000
Previous Owner Dike Fidelia $261,600
Previous Owner Dike Fidelia $49,030
Previous Owner Nnachetam Stephen $305,210
Previous Owner Cervantes Christopher $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2019 04/05/19 Sold $750,000 +1.5% $225 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
02/21/2019 02/21/19 For Sale $739,000 +17.3% $221 / Sq Ft
11/17/2017 11/17/17 Sold $630,000 0.0% $188 / Sq Ft
09/17/2017 09/17/17 Pending -- -- --
08/13/2017 08/13/17 Price Changed $630,000 0.0% $188 / Sq Ft
08/13/2017 08/13/17 For Sale $630,000 0.0% $188 / Sq Ft
05/15/2017 05/15/17 Off Market $630,000 -- --
04/13/2017 04/13/17 For Sale $64,900 -- $19 / 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 $10,368 $836,635 $501,981 $334,654
2024 $10,368 $820,232 $492,139 $328,093
2023 $10,173 $804,150 $482,490 $321,660
2022 $9,709 $788,383 $473,030 $315,353
2021 $9,578 $772,925 $463,755 $309,170
2020 $9,671 $765,000 $459,000 $306,000
2019 $8,036 $642,600 $408,000 $234,600
2018 $7,852 $630,000 $400,000 $230,000
2017 $4,833 $371,796 $200,686 $171,110
2016 $4,692 $364,506 $196,751 $167,755
2015 $4,627 $359,032 $193,796 $165,236
2014 $4,667 $352,000 $190,000 $162,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-435006

The MLS

APN: 6029-017-005