NOT LISTED FOR SALE

6628 Denver Ave Los Angeles, CA 90044

Vermont-Slauson Neighborhood

Estimated Value: $925,000 - $973,000

8 Beds
5 Baths
3,179 Sq Ft
$298/Sq Ft Est. Value

Last Sold September 05, 2024

Last sale price $930,000 $293 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,126/month

26 Days on Market

About This Home

As of September 2024

6628 Denver Ave, is a four unit apartment complex located in the City of Los Angeles. Constructed in 1964 and sitting on a large 5,401 SF Lot Zoned LAR2. Property consists of One unit boasts 3 bedroom + 2 bath ($1,000) ,(2) 2 bed + 1 bath (SECT 8 $2,200) ($1,750) (1) 1 bed and 1 bath (NO PAY),
totaling 3,179 SF. The property line is fully fenced and has one entrance. The property has ample on-site parking with 1 car per unit possibly an additional 2 more. This investment presents a 11.28 GRM and 6.15% Cap Rate on current rents. All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. Only 3 tenants are current on rent. Property will be sold as is.

Last Agent to Sell the Property

Evelyn Baez Gonzalez

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 951-902-3006 License #02103055 Listed on: 06/19/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Marcus Nasrollahy

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 951-902-3006 License #02207189

Last Buyer's Agent

Shanelle Tolosa

Trends RE Inc. License #02151651

Trends RE Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,493

Year Built

  • Built in 1964

Lot Details

  • 5,401 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,179 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 394
  • Tax Tract Number 237
  • Assessor Parcel Number 6013018021
  • $71,812 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,066
  • Fuel Expense $1,066
  • Gardener Expense $1,200
  • Insurance Expense $1,590
  • Maintenance Expense $3,192
  • Water Sewer Expense $1,066
  • New Taxes Expense $11,250
  • Operating Expense $20,432
  • Gross Income $75,810
  • Net Operating Income $55,379

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,493

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Other Phone Description: 951-902-3006
  • Price Per Unit: 225000
  • Property Attached: No
  • Water Sewer Expenses: 1066.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6013018021
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: side
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Dining Room, Kitchen, Living Room, Primary Bedroom
  • Levels: Two
  • Price Per Square Foot: 292.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet, In Kitchen, Individual Room, Inside
  • Sewer: Public Sewer

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5401.00
  • Lot Size Acres: 0.1240

Multi Family

  • Electric Expense: 1066.00
  • Fuel Expense: 1066.00
  • Gross Income: 75810.00
  • Gross Scheduled Income: 79800.00
  • Insurance Expense: 1590.00
  • Lot Size Area: 5401.0000 Square Feet
  • Maintenance Expense: 3192.00
  • Net Operating Income: 55379.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 20432.00
  • Rent Control: Yes
  • Total Expenses: 20432.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Lot: 394
  • Tax Tract Number: 237...
  • TaxOtherAnnualAssessmentAmount: 71812.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Aug 7, 2024
Sold by
Theresa M Molina Revocable Living Trust and Molina Theresa M
Bought by
Akametalu Anayo Kenechukwu
Seller's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Shanelle Tolosa
Trends RE Inc.
List Price
$900,000
Sold Price
$930,000
Premium/Discount to List
$30,000
3.33%
Views
12
Current Estimated Value
$947,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,173
Avg. Annual Appreciation
1.77%
Original Mortgage
$697,500
Outstanding Balance
$690,744
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$256,429

Purchase Details

Closed on
Aug 8, 2017
Sold by
Molina Theresa Mae
Bought by
Molina Theresa M and Theresa M Molina Revocable Living Trust
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
Akametalu Anayo Kenechukwu $930,000 First American Title Company
Molina Theresa M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akametalu Anayo Kenechukwu $697,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2024 09/05/24 Sold $930,000 +3.3% $293 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
06/30/2024 06/30/24 For Sale $900,000 -3.2% $283 / Sq Ft
06/24/2024 06/24/24 Off Market $930,000 -- --
06/19/2024 06/19/24 For Sale $900,000 -- $283 / 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 $1,493 $930,000 $550,000 $380,000
2024 $1,493 $73,247 $23,525 $49,722
2023 $1,474 $71,812 $23,064 $48,748
2022 $1,421 $70,405 $22,612 $47,793
2021 $1,379 $69,025 $22,169 $46,856
2019 $1,266 $66,979 $21,512 $45,467
2018 $1,164 $65,667 $21,091 $44,576
2016 $1,084 $63,119 $20,273 $42,846
2015 $1,073 $62,172 $19,969 $42,203
2014 $1,106 $60,955 $19,578 $41,377
Source: Public Records

Agents Affiliated with this Home

  • Evelyn Baez Gonzalez

    Seller's Agent in 2024

    Evelyn Baez Gonzalez

    Lyon Stahl Investment Real Estate, Inc.

    (310) 598-1233

    2 in this area

    57 Total Sales

    Evelyn Baez Gonzalez
    Section Image
  • Marcus Nasrollahy

    Seller Co-Listing Agent in 2024

    Marcus Nasrollahy

    Lyon Stahl Investment Real Estate, Inc.

    (310) 406-5126

    1 in this area

    2 Total Sales

    Marcus Nasrollahy
    Section Image

  • S

    Buyer's Agent in 2024

    Shanelle Tolosa

    Trends RE Inc.

    (818) 360-3430

    1 in this area

    11 Total Sales

    Shanelle Tolosa
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24123959

California Regional Multiple Listing Service (CRMLS)

APN: 6013-018-021

California Los Angeles County Los Angeles 90044 Vermont-Slauson

6628 Denver Ave, Los Angeles, CA

This home is located at 6628 Denver Ave, Los Angeles, CA 90044 since 19 June 2024 and is currently estimated at $947,173, approximately $297 per square foot. This property was built in 1964. 6628 Denver Ave is a home located in Los Angeles County with nearby schools including Mary McLeod Bethune Middle School, Academy For Multiligual Arts And Science At Mervyn M. Dymally High, and Aspire Inskeep Academy Charter.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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