NOT LISTED FOR SALE

Estimated Value: $1,192,000 - $1,485,294

4 Beds
2 Baths
2,048 Sq Ft
$635/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $1,135,000 $554 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,986/month

28 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • Rectangular Lot
  • Wood Flooring
  • Laundry Room
  • Wood Burning Fireplace

About This Home

As of April 2022

Trophy income property in the highly desirable Ladera Heights neighborhood. Situated on a nicely manicured R3 lot, this duplex delivers an amazing value add opportunity to build additional units. Currently, each unit is comprised of two bedrooms and one bathroom and there is great potential for upside in rents. This property has been well maintained throughout the years with regular maintenance and several updates from the roof, to copper plumbing installed, refinished wood floors & remodeled bathroom in the back unit. It is conveniently located next to shops, restaurants, hiking and easy access to the freeway. Just minutes from the the Rams stadium, Clippers arena and much more entertainment and development, this gem of a property will not last long. Floorplans, 3D Walk-through available upon request. *PLEASE DO NOT DISTURB OCCUPANTS*

Last Agent to Sell the Property

Natasha Reneau Jones

Coldwell Banker Realty License #02083853 Listed on: 11/12/2021

Coldwell Banker Realty

Co-Listed By

Nakia Reneau Holland

Coldwell Banker Realty License #02081447

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,660

Year Built

  • Built in 1952

Lot Details

  • 6,400 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Rectangular Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Raised Foundation

Interior Spaces

  • 2,048 Sq Ft Home
  • Wood Burning Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 68
  • Tax Tract Number 15839
  • Assessor Parcel Number 4001012022
  • $569 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $1,100
  • Other Expense $213
  • Pest Control $270
  • Water Sewer Expense $957
  • Operating Expense $2,327
  • Gross Income $30,936
  • Net Operating Income $28,609

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,660

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 539500
  • Property Attached: Yes
  • Water Sewer Expenses: 957.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 4001012022
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Wood
  • Fireplace Features: Wood Burning
  • Levels: One
  • Price Per Square Foot: 554.20

Exterior Features

  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 270.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Front Yard, Lawn, Rectangular Lot, Sprinkler System, Yard
  • Lot Size Sq Ft: 6400.00
  • Lot Size Acres: 0.1469

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 30936.00
  • Gross Scheduled Income: 30936.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6400.0000 Square Feet
  • Net Operating Income: 28609.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2327.00
  • Other Expense: 213.00
  • Other Expense Description: city fee
  • Rent Control: Yes
  • Total Expenses: 2327.00

Tax Info

  • Tax Census Tract: 2761.00
  • Tax Lot: 68
  • Tax Tract Number: 15839
  • TaxOtherAnnualAssessmentAmount: 569.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2023
Sold by
Penny Prentice J and Penny Tasha B
Bought by
Penny Family Trust and Penny
Current Estimated Value
$1,250,629

Purchase Details

Listed on
Nov 12, 2021
Closed on
Mar 15, 2022
Sold by
La Tijera 2 Llc
Bought by
Penny Prentice and Penny Tasha
Seller's Agent
Natasha Reneau Jones
Coldwell Banker Realty
List Price
$1,079,000
Sold Price
$1,135,000
Premium/Discount to List
$56,000
5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$851,250
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2003
Sold by
Zickfeld Raymond and Zickfeld Marjorie Reetz
Bought by
Zickfeld Raymond and Zickfeld Marjorie R
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 Buyer Sale Price Title Company
Penny Family Trust -- None Listed On Document
Penny Prentice $1,135,000 Lawyers Title
Zickfeld Raymond -- --
Zickfeld Raymond -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penny Prentice $851,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2022 04/05/22 Sold $1,135,000 +5.2% $554 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $1,079,000 -4.9% $527 / Sq Ft
11/30/2021 11/30/21 Off Market $1,135,000 -- --
11/12/2021 11/12/21 For Sale $1,079,000 -- $527 / 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 $13,660 $1,204,470 $726,927 $477,543
2024 $13,660 $1,180,854 $712,674 $468,180
2023 $13,509 $1,157,700 $698,700 $459,000
2022 $3,161 $219,013 $125,439 $93,574
2021 $3,116 $214,720 $122,980 $91,740
2020 $2,985 $212,519 $121,719 $90,800
2019 $2,943 $208,353 $119,333 $89,020
2018 $2,869 $204,269 $116,994 $87,275
2016 $2,699 $196,338 $112,451 $83,887
2015 $2,679 $193,389 $110,762 $82,627
2014 $2,699 $189,602 $108,593 $81,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21238046

California Regional Multiple Listing Service (CRMLS)

APN: 4001-012-022