NOT LISTED FOR SALE
16 Beds
16 Baths
9,124 Sq Ft
6,250 Sq Ft Lot

Sale Details

Date Sold: March 19, 2015

Last sale price $3,150,000 $345 Per Sq Ft

14 Days on Market

Highlights

  • Art Deco Architecture
  • Wood Flooring
  • Laundry Facilities
  • Hancock Park Elementary Rated A-
  • Double Pane Windows

About This Home

As of March 2015

6440 is a great property located in a Prime Miracle Mile location. The 1930's Art Deco style bldg has been attentively family owned and managed for 20years. The 16 studio apartments were remodeled "down to the studs" over the past 15 years. 100% occupied. 95% interior remodel completed as vacancy is rare for these highly sought after rental apartments. Entire exterior building has been sanded, re-plastered and painted. New landscaping. Original Art Deco tile front entrance and original brass mailboxes in entry. Master metered utilities are paid by landlord. Rent control allows 5% annual rent increase (3% + 1% gas + 1% electric.) Current rents have not been increased to the maximum by family ownership. No current vacancies. Inside with accepted offer only.

Last Agent to Sell the Property

Jodi Mitchell

Coldwell Banker Realty License #01470032 Listed on: 01/16/2015

Coldwell Banker Realty

Last Buyer's Agent

Francyne Lambert

Lambert Investments, Inc. License #00827267

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Art Deco Architecture

Interior Spaces

  • 9,124 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Disposal
  • Leased Washer and Dryer

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 16 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5510-023-039

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Art Deco
  • Street Number Display: Yes
  • Living Area: 9124
  • Stories: 2
  • Year Built: 1932
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 16
  • Number Disposal: 16
  • Flooring: Hardwood, Laminate
  • Bedrooms: 16
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 16.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 323.32
  • Windows: Double Pane Windows

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Number Rented Garages: 0
  • Parking Garage: On street

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 9230.00
  • Heating: Wall
  • Water Expense: 3747.00

Fee Information

  • Gas Expense: 3363.00
  • Insurance Expense: 10400.00
  • Maintenance Expense: 4329.00
  • Management Expense: 5975.00
  • Other Expense: 1256.00
  • Trash Expense: 4850.00

Lot Info

  • Assessed Improvement Value: 548732
  • Assessed Land Value: 370531
  • Assessor Parcel Number: 5510-023-039
  • Geocode Override: No
  • Lot Size Area: 6250

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 14.84
  • Number Of Units: 16
  • Number Wall A C: 16
  • Rent Control: 100
  • Type Of Units: Apartments

Tax Info

  • Tax Expense: 36875.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,150,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,480,000
Previous Owner Louchheim William S $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/19/2015 03/19/15 Sold $3,150,000 +6.8% $345 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $2,950,000 -- $323 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $46,421 $3,850,499 $1,838,825 $2,011,674
2025 $46,421 $3,775,000 $1,802,770 $1,972,230
2024 $45,836 $3,700,981 $1,767,422 $1,933,559
2023 $44,958 $3,628,414 $1,732,767 $1,895,647
2022 $42,890 $3,557,270 $1,698,792 $1,858,478
2021 $42,343 $3,487,521 $1,665,483 $1,822,038
2019 $41,088 $3,386,342 $1,616,085 $1,770,257
2018 $40,977 $3,319,989 $1,584,398 $1,735,591
2016 $39,121 $3,188,900 $1,522,875 $1,666,025
2015 $12,291 $937,629 $377,934 $559,695
2014 $12,435 $919,263 $370,531 $548,732
Source: Public Records

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Map

Source: The MLS

MLS Number: 15-821391

The MLS
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