NOT LISTED FOR SALE

Estimated Value: $1,479,000 - $1,740,000

8 Beds
4 Baths
3,853 Sq Ft
$424/Sq Ft Est. Value

Last Sold April 01, 2024

Last sale price $1,600,000 $415 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,673/month

165 Days on Market

Highlights

  • Midcentury Modern Architecture
  • No HOA
  • Open Patio
  • Wood Flooring
  • Bathtub
  • Laundry Room

About This Home

As of April 2024

BACK ON THE MARKET AND WITH IM POROVED PRICING AFTER BUYERS DID NOT PERFORM.

Elegant Quadplex in Prime Los Angeles Locale with Pride of Ownership

Property Overview:
Introducing a distinguished quadplex, a testament to pride of ownership, strategically located in the sought-after region of Los Angeles. Constructed in 1948, this property stands as a beacon of timeless architecture paired with modern conveniences. Each of the four units boasts 2 well-appointed bedrooms and a full bathroom, ensuring comfort and privacy for residents.

The interiors, meticulously maintained, are adorned with a harmonious blend of carpet and hardwood flooring, exuding warmth and sophistication. Essential appliances, including stainless steel stackable washer/dryer, stove, and refrigerator, are thoughtfully integrated in all units, reflecting the attention to detail in every facet of this property.

Recent Upgrades & Features:

The property has been completely electrically rewired.
A recent roofing job ensures durability and protection.
The entire building has been repiped with Pex.
Each unit is equipped with an individual water shutoff valve, allowing for ease of maintenance without disturbing the tenants.
For added security, surveillance cameras have been installed throughout the property.
Rental Income & Lease Details:

Apt. #6957: $2,175.00/month
Apt #6957 ½: $2,150.00/month
Apt #6959: $2,120.00/month
Apt #6959 ½: $2,195.00/month
Total Monthly Income: $8,640.00
All tenants have signed a "Shared Water Bill" lease, ensuring the water bill is equitably divided amongst the four units and the landlord.

Investment Insight:
Currently, the property yields a monthly revenue of approximately $8,640. Notably, the rent has remained stable since before the onset of the COVID-19 pandemic, presenting a lucrative opportunity for potential appreciation in the future.

One of the standout features of this property is its impeccable maintenance. New owners can enjoy the luxury of a turnkey investment, with no immediate maintenance required—simply care for the tenants and reap the rewards.

Seize this unparalleled opportunity to invest in a piece of Los Angeles's real estate legacy, where every detail has been attended to with care and precision.

Last Agent to Sell the Property

Yan Minkovitch

Progressive Real Estate Solutions Brokerage Phone: 323-864-7001 License #01496475 Listed on: 09/28/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,151

Year Built

  • Built in 1948

Lot Details

  • 6,875 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Midcentury Modern Architecture
  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Asphalt Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 3,853 Sq Ft Home
  • 2-Story Property

Kitchen

  • Convection Oven
  • Gas Oven

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms | 4 Main Level Bedrooms
  • 4 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Utilities

  • Floor Furnace
  • Wall Furnace
  • Water Heater
  • Cable TV Available

Additional Features

  • Open Patio
  • Urban Location

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 11569
  • Assessor Parcel Number 4103010017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,151

Year Built

Built in 1948

Lot Details

0

Parking

5

Listing Details

  • Structure Type: Quadruplex
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: LAR3
  • Architectural Style: Mid Century Modern
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Parcel Number: 4103010017
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3853.00 Square Feet
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 8
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 415.26
  • Room Type: Kitchen
  • Bathroom Features: Bathtub, Shower

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Fence: No
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Gas Oven, Water Heater
  • Electric: Standard
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Dryer Included, Inside, Upper Level, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6875.00
  • Lot Size Acres: 0.1578

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6875.0000 Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Census Tract: 2761.02
  • Tax Lot: 44
  • Tax Tract Number: 11569

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2023
Sold by
Richardson Reginald
Bought by
Navarre Lasonya
Current Estimated Value
$1,635,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.49%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 6, 2020
Sold by
Richardson Reginald Darnell and Richardson Gerusa M
Bought by
Richardson Reginald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2019
Sold by
Richardson Reginald
Bought by
Richardson Reginald and Richardson Gerusa

Purchase Details

Closed on
Jun 18, 2019
Sold by
Richardson Reginald and Richardson Gerusa
Bought by
Richardson Reginald Darnell and Richardson M R

Purchase Details

Closed on
Oct 20, 2011
Sold by
Richardson Gerusa
Bought by
Richardson Reginald

Purchase Details

Closed on
Jul 21, 2011
Sold by
Daniels Lemuel
Bought by
Richardson Reginald and Richardson David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,310
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 2011
Sold by
The Martha B Johnson Living Trust
Bought by
Daniels Lemuel

Purchase Details

Closed on
May 17, 2010
Sold by
Johnson Martha B
Bought by
The Martha B Johnson Living Trust

Purchase Details

Closed on
Sep 13, 1995
Sold by
Edwards Paul L
Bought by
Johnson Martha B and Daniels Lemuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,000
Interest Rate
7.42%
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
Navarre Lasonya $1,600,000 Stewart Title
Richardson Reginald -- Stewart Title
Richardson Reginald -- Progressive Title Company
Richardson Reginald -- None Available
Richardson Reginald Darnell -- None Available
Richardson Reginald -- Accommodation
Richardson Reginald $590,000 Stewart Title Of California
Daniels Lemuel -- None Available
The Martha B Johnson Living Trust -- None Available
Johnson Martha B $271,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richardson Reginald $150,000
Previous Owner Navarre Lasonya $300,000
Previous Owner Richardson Reginald $638,500
Previous Owner Richardson Reginald $36,000
Previous Owner Richardson Reginald $536,310
Previous Owner Johnson Martha B $938,250
Previous Owner Johnson Martha B $45,000
Previous Owner Johnson Martha B $297,200
Previous Owner Johnson Martha B $299,000
Previous Owner Johnson Martha B $300,000
Previous Owner Johnson Martha B $275,000
Previous Owner Johnson Martha B $271,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Sold $1,600,000 -3.0% $415 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $1,649,000 -3.0% $428 / Sq Ft
11/17/2023 11/17/23 Price Changed $1,699,999 0.0% $441 / Sq Ft
10/21/2023 10/21/23 For Sale $1,700,000 0.0% $441 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
09/28/2023 09/28/23 For Sale $1,700,000 -- $441 / 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 $9,151 $1,632,000 $1,326,000 $306,000
2024 $9,151 $726,531 $492,567 $233,964
2023 $8,982 $712,286 $482,909 $229,377
2022 $8,577 $698,321 $473,441 $224,880
2021 $8,451 $684,629 $464,158 $220,471
2020 $8,531 $677,610 $459,399 $218,211
2019 $8,202 $664,325 $450,392 $213,933
2018 $8,105 $651,300 $441,561 $209,739
2016 $7,719 $626,011 $424,415 $201,596
2015 $7,608 $616,608 $418,040 $198,568
2014 $7,656 $604,531 $409,852 $194,679
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23181106

California Regional Multiple Listing Service (CRMLS)

APN: 4103-010-017