NOT LISTED FOR SALE

Estimated Value: $1,214,000 - $1,677,676

4 Beds
2 Baths
1,612 Sq Ft
$869/Sq Ft Est. Value

Last Sold February 16, 2022

Last sale price $1,187,500 $737 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,726/month

104 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Lawn
  • Kentwood Elementary Rated A-
  • Granite Countertops
  • No HOA

About This Home

As of February 2022

**Amazing opportunity in a Prime location**
This beautiful landscaped and well-maintained duplex is located in a highly desirable neighborhood of Westchester. Both units come with 2 bedrooms, 1 bathroom, remodeled kitchen, remodeled bathroom, hardwood floors, washer/dryer hookups conveniently located inside each unit. The exterior of the property is freshly painted, and to help boost curb appeal the seller installed new sod, new drip lines in the flower bed, and sprinklers. The property also comes with an upgraded electrical panel, copper plumbing, and a 2-car garage. LOCATION, LOCATION, LOCATION… Walking distance to Trader Joe's, CVS, Ralphs Market, Banks and minutes away from Westchester Golf, Playa Vista, LAX, Marina Del Rey, LMU, SoFi Stadium, Silicon Beach, and easy access to the freeway.

-Property being sold "As Is".. Tenants are on a month-to-month lease. One unit will be delivered vacant at the close of escrow.

Last Agent to Sell the Property

Herb Diaz

PLF Real Estate Solutions License #01458024 Listed on: 10/07/2021

Last Buyer's Agent

Caroline Graeff

Douglas Elliman of California, Inc License #02061884

Douglas Elliman of California, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,200

Year Built

  • Built in 1945

Lot Details

  • 6,322 Sq Ft Lot
  • 1 Common Wall
  • Drip System Landscaping
  • Front Yard Sprinklers
  • Lawn
  • Back Yard

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Raised Foundation
  • Shingle Roof
  • Copper Plumbing

Interior Spaces

  • 1,612 Sq Ft Home
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Wall Furnace
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 13042
  • Assessor Parcel Number 4122003020
  • $363 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $80
  • Insurance Expense $1,000
  • Trash Expense $175
  • Water Sewer Expense $75
  • New Taxes Expense $15,312
  • Operating Expense $16,717
  • Gross Income $55,800
  • Net Operating Income $39,083

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,200

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Other Phone Description: Office
  • Other Phone Number: 3108001779
  • Price Per Unit: 612500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 75.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 80.00
  • Parcel Number: 4122003020
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full, Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 736.66
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 175.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 6322.00
  • Lot Size Acres: 0.1451

Multi Family

  • Gross Income: 55800.00
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6322.0000 Square Feet
  • Net Operating Income: 39083.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Operating Expense: 16717.00
  • Rent Control: Yes
  • Total Actual Rent: 4650.00
  • Total Expenses: 16717.00

Tax Info

  • New Taxes Expense: 15312.00
  • Tax Census Tract: 2780.01
  • Tax Lot: 37
  • Tax Tract Number: 13042
  • TaxOtherAnnualAssessmentAmount: 363.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Feb 8, 2022
Sold by
Morales Jr Michael A and Canas Bonnie
Bought by
Marini Family Trust
Seller's Agent
Herb Diaz
PLF Real Estate Solutions
Buyer's Agent
Caroline Graeff
Douglas Elliman of California, Inc
List Price
$1,225,000
Sold Price
$1,187,500
Premium/Discount to List
-$37,500
-3.06%
Current Estimated Value
$1,362,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,846
Avg. Annual Appreciation
4.86%
Original Mortgage
$787,499
Outstanding Balance
$734,030
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$667,139

Purchase Details

Closed on
Jan 5, 2017
Sold by
Morales Michael A
Bought by
Morales Michael A and Morales Bonnie V Canas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2007
Sold by
Rock Gabriel and Martin Rock Family Trust
Bought by
Morales Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2004
Sold by
Rock Martin
Bought by
The Martin Rock Living Trust

Purchase Details

Closed on
Jul 20, 1994
Sold by
Rock Gabriel
Bought by
Rock Martin

Purchase Details

Closed on
Feb 28, 1994
Sold by
Rock Lynne E
Bought by
Rock Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
7.15%

Purchase Details

Closed on
Feb 23, 1994
Sold by
Dibenedetto Luigi
Bought by
Rock Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
7.15%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Marini Family Trust $1,187,500 Pacific Coast Title
Morales Michael A -- Lawyers Title Sd
Morales Michael A $730,000 First American Title Co
Rock Martin -- First American Title Co
The Martin Rock Living Trust -- --
Rock Martin -- --
Rock Gabriel -- North American Title Company
Rock Gabriel $235,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marini Family Trust $787,499
Previous Owner Morales Michael A $517,700
Previous Owner Morales Michael A $533,000
Previous Owner Morales Michael A $584,000
Previous Owner Rock Martin $153,000
Previous Owner Rock Gabriel $176,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2022 02/16/22 Sold $1,187,500 -3.1% $737 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
10/07/2021 10/07/21 For Sale $1,225,000 -- $760 / 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 $15,200 $1,260,183 $881,863 $378,320
2024 $15,200 $1,235,474 $864,572 $370,902
2023 $14,909 $1,211,250 $847,620 $363,630
2022 $11,122 $921,624 $732,253 $189,371
2021 $10,984 $903,554 $717,896 $185,658
2019 $10,659 $876,755 $696,603 $180,152
2018 $10,553 $859,565 $682,945 $176,620
2016 $10,095 $826,188 $656,426 $169,762
2015 $7,757 $630,000 $430,000 $200,000
2014 $7,091 $560,000 $444,900 $115,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21221716

California Regional Multiple Listing Service (CRMLS)

APN: 4122-003-020