$985,000
SOLD JAN 16, 2025
4 Beds
4 Baths
2,520 Sq Ft
5,738 Sq Ft Lot

Recently Sold

$391 Per Sq Ft

1% Above List Price

1 Day on Market

About This Home

As of January 2025

Delivered Rent Ready Occupancy. Property will be delivered with no tenants for a buyer to complete their rehab and get these re-rented at market pricing. Units need major rehab. Great value-add play for a seasoned investor or a first time buyer to capture market rents and create a incredible cash flowing asset.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 01/15/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Aaron Jacobson

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02100737

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 01/15/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,738 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,520 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 571
  • Tax Tract Number 6
  • Assessor Parcel Number 6023017010
  • $472 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6023017010
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 390.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5738.00
  • Lot Size Acres: 0.1317

Multi Family

  • Lot Size Area: 5738.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • 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: 2395.02
  • Tax Lot: 571
  • Tax Tract Number: 6
  • TaxOtherAnnualAssessmentAmount: 472.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2023
Sold by
Marion Lois Alexander King Family Trust and Dey Heather Ellen
Bought by
Morzini Llc
Current Estimated Value
$944,741

Purchase Details

Closed on
Mar 15, 2016
Sold by
King Marion Lois Alexander
Bought by
Alexander King Marion Lois and The Marion Lois Alexander King
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $630,000 Ticor Title Company Of Califor
Grant Deed -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2025 01/16/25 Sold $985,000 +0.5% $391 / Sq Ft
01/15/2025 01/15/25 For Sale $980,000 +55.6% $389 / Sq Ft
12/29/2023 12/29/23 Sold $630,000 -10.0% $250 / Sq Ft View Prior Sale
03/21/2023 03/21/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $700,000 -- $278 / 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 $8,030 $985,000 $730,000 $255,000
2024 $8,030 $630,000 $500,000 $130,000
2023 $1,184 $59,322 $13,873 $45,449
2022 $1,143 $58,159 $13,601 $44,558
2021 $1,116 $57,020 $13,335 $43,685
2019 $1,092 $55,332 $12,941 $42,391
2018 $1,003 $54,248 $12,688 $41,560
2016 $934 $52,145 $12,197 $39,948
2015 $925 $51,362 $12,014 $39,348
2014 $956 $50,357 $11,779 $38,578
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25010662

California Regional Multiple Listing Service (CRMLS)

APN: 6023-017-010