NOT LISTED FOR SALE

Estimated Value: $1,354,075

8 Beds
6 Baths
4,247 Sq Ft
$319/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $1,250,000 $294 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,563/month

58 Days on Market

About This Home

As of September 2021

Prime development property, currently zoned for commercial retail & residential apartments. Tons of new developing happening all around if you are familiar with the surroundings. This property is sought for land value, as it stands there are 4 residential units on a mixed use lot. The empty lot (red pad) adjacent to the building on the west end is also part of this property. What a RARE and SPECIAL opportunity it is to have access to a property with so many possibilities. This building can be delivered VACANT at the close of escrow. Please note that this building is in poor condition and will need major renovations and may need special financing or all cash. All zoning and building information to be verified with the City of Los Angeles B&S.

Last Agent to Sell the Property

May Kunka

Compass-Pasadena License #01782069 Listed on: 05/18/2021

Compass-Pasadena

Last Buyer's Agent

May Kunka

Compass-Pasadena License #01782069 Listed on: 05/18/2021

Compass-Pasadena

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,704

Year Built

  • Built in 1951

Lot Details

  • 10,249 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 4,247 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 492
  • Tax Tract Number 234
  • Assessor Parcel Number 4006020036

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,260
  • Insurance Expense $1,200
  • Trash Expense $960
  • Water Sewer Expense $1,560
  • New Taxes Expense $2,557
  • Operating Expense $7,537
  • Gross Income $4,427
  • Net Operating Income $368

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,704

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1560.00
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 4006020036
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 294.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10249.00
  • Lot Size Acres: 0.2353

Multi Family

  • Electric Expense: 1260.00
  • Gross Income: 4427.00
  • Gross Scheduled Income: 607.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 10249.0000 Square Feet
  • Net Operating Income: 368.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 238.00
  • Rent Control: No
  • Total Expenses: 7537.00

Tax Info

  • New Taxes Expense: 2557.00
  • Tax Census Tract: 2349.02
  • Tax Lot: 492
  • Tax Tract Number: 234...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2022
Sold by
Carlos A Grande A and Carlos Cecilia N
Bought by
6624 West Boulevard Llc
Current Estimated Value
$1,354,075
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
6624 West Boulevard Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $1,250,000 0.0% $294 / Sq Ft
09/24/2021 09/24/21 For Sale $1,250,000 0.0% $294 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $1,250,000 -- $294 / 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 $17,704 $1,326,509 $1,008,147 $318,362
2024 $17,704 $1,397,400 $1,071,000 $326,400
2023 $16,235 $1,275,000 $969,000 $306,000
2022 $15,506 $1,250,000 $950,000 $300,000
2021 $2,546 $140,847 $60,897 $79,950
2019 $2,489 $136,672 $59,092 $77,580
2018 $2,402 $133,993 $57,934 $76,059
2016 $2,247 $128,792 $55,686 $73,106
2015 $2,225 $126,858 $54,850 $72,008
2014 $2,254 $124,374 $53,776 $70,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21102936

California Regional Multiple Listing Service (CRMLS)

APN: 4006-020-036