NOT LISTED FOR SALE

6920 Malabar St Huntington Park, CA 90255

Estimated Value: $2,264,000 - $2,388,013

1 Bed
1 Bath
5,535 Sq Ft
$420/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $1,450,000 $262 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $14,972/month

22 Days on Market

About This Home

As of August 2016

We are pleased to present to market the 10-unit apartment property located at 6920 Malabar Street in
the high demand rental market of Huntington Park, California.

The offering includes four buildings constructed in 1940 that contain 10 one-bedroom/one-bath units on a 8,663-square
foot lot. The buildings offer 5,535 rentable square feet and are separately metered for gas and electricity. The property
boasts attractive greenery in the corridors between buildings and offers gated entry for tenants' security.

The high rental demand in Huntington Park ensures the steady cash flow that makes this an attractive opportunity for
any investor.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/25/2016

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/25/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,071

Year Built

  • Built in 1940

Lot Details

  • 8,663 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage

Home Design

  • 5,535 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 006
  • Tax Tract Number 22
  • Assessor Parcel Number 6322022006

Community Details

Overview

  • 3 Buildings
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Professional Management Expense $6,227
  • New Taxes Expense $22,485
  • Gross Income $10,700
  • Net Operating Income $78,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,071

Year Built

Built in 1940

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 6227.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 6322022006
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 261.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8663.00
  • Price Per Lot Square Foot: 167.38

Multi Family

  • Gross Income: 10700.00
  • Gross Scheduled Income: 128400.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 78272.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 46276.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 22485.00
  • Tax Lot: 006
  • Tax Tract Number: 022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2016
Sold by
Sandoval Jose S
Bought by
Klgv Investments Ii Llc
Current Estimated Value
$2,326,007

Purchase Details

Closed on
Sep 27, 2005
Sold by
Riff Ronna Joy
Bought by
Sandoval Jose S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,500
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 1994
Sold by
Riff Ronna Joy and Hirsch Marital Trust
Bought by
Riff Ronna Joy
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
Klgv Investments Ii Llc $1,450,000 Ticor Title
Sandoval Jose S $1,055,000 Gtc
Riff Ronna Joy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klgv Investments Ii Llc $1,290,000
Previous Owner Sandoval Jose S $738,500
Previous Owner Riff Ronna Joy $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2016 08/19/16 Sold $1,450,000 -4.9% $262 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $1,525,000 -- $276 / 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
2024 $25,071 $1,649,848 $1,071,833 $578,015
2023 $24,620 $1,617,499 $1,050,817 $566,682
2022 $23,533 $1,585,784 $1,030,213 $555,571
2021 $23,217 $1,554,691 $1,010,013 $544,678
2019 $22,471 $1,508,579 $980,056 $528,523
2018 $22,110 $1,479,000 $960,840 $518,160
2016 $18,290 $1,217,894 $730,738 $487,156
2015 $17,999 $1,199,601 $719,762 $479,839
2014 $17,983 $1,176,103 $705,663 $470,440
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    3 in this area

    97 Total Sales

    Steve Bogoyevac
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16111654

California Regional Multiple Listing Service (CRMLS)

APN: 6322-022-006

California Los Angeles County Huntington Park 90255

6920 Malabar St, Huntington Park, CA

This home is located at 6920 Malabar St, Huntington Park, CA 90255 since 25 May 2016 and is currently estimated at $2,326,007, approximately $420 per square foot. This property was built in 1940. 6920 Malabar St is a home located in Los Angeles County with nearby schools including Middleton Street Elementary School, Walnut Park Middle School, and Linda Esperanza Marquez High School.

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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