NOT LISTED FOR SALE

Estimated Value: $1,108,000 - $1,497,000

4 Beds
4 Baths
2,182 Sq Ft
$608/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $1,270,000 $582 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,556/month

12 Days on Market

Highlights

  • Wood Flooring
  • Park
  • Bike Trail
  • Corner Lot
  • Laundry Room

About This Home

As of July 2022

Located on a R3 corner lot in Westchester/Playa del Rey area. 10 minute drive to the beach, 10 minutes to LAX, and 30 min to DTLA makes this West LA location. Well parked with 3 single garages, 3 parking spots, and motorcycle parking. Hardwood floors and tile with granite countertops. Laundry room on site for additional income and convenience. Potential upside in rents.

Last Agent to Sell the Property

George Andrews

George Andrews, Broker License #02053178 Listed on: 05/19/2022

Last Buyer's Agent

Molly First

Lyon Stahl Investment Real Estate, Inc. License #02065583

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,927

Year Built

  • Built in 1951

Lot Details

  • 4,875 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Side Facing Garage

Home Design

  • Property Attached
  • Raised Foundation
  • Asphalt Roof

Interior Spaces

  • 2,182 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location
  • Suburban Location

Additional Features

  • Exterior Lighting
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 15293
  • Assessor Parcel Number 4103007014
  • $369 per year additional tax assessments

Community Details

Recreation

  • Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $1,000
  • Water Sewer Expense $4,000
  • Operating Expense $5,000
  • Gross Income $50,022
  • Net Operating Income $50,022

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,927

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 312500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 4000.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4103007014
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 582.03

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Side, Uncovered
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4875.00
  • Lot Size Acres: 0.1119
  • Latitude Manual: 33.97556000

Multi Family

  • Gross Income: 50022.00
  • Gross Operating Income: 71460.00
  • Gross Scheduled Income: 71460.00
  • Lot Size Area: 4875.0000 Square Feet
  • Net Operating Income: 50022.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21438.00
  • Rent Control: Yes
  • Total Actual Rent: 5955.00
  • Total Expenses: 5000.00

Tax Info

  • Tax Census Tract: 2761.01
  • Tax Lot: 13
  • Tax Tract Number: 15293
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2022
Closed on
Aug 23, 2022
Sold by
Lee Allen First Revocable Trust
Bought by
7009 Flight Ave Llc
Seller's Agent
George Andrews
George Andrews, Broker
Buyer's Agent
Molly First
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,250,000
Sold Price
$1,270,000
Premium/Discount to List
$20,000
1.6%
Current Estimated Value
$1,326,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,709
Avg. Annual Appreciation
1.41%
Original Mortgage
$675,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2022
Closed on
Jun 7, 2022
Sold by
Olympia Super Seven Llc
Bought by
Lee Allen First Revocable Trust
Seller's Agent
George Andrews
George Andrews, Broker
Buyer's Agent
Molly First
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,250,000
Sold Price
$1,270,000
Premium/Discount to List
$20,000
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2021
Sold by
Stapakis Olympia and The Olympia Stapakis Revocable
Bought by
Olympia Super Seven Llc

Purchase Details

Closed on
Sep 20, 2018
Sold by
Stapakis Olympia
Bought by
Stapakis Olympia and Olympia Stapakis Revocable Tru

Purchase Details

Closed on
Jan 26, 2015
Sold by
Electric Capital Llc
Bought by
The Cherry Trust

Purchase Details

Closed on
Dec 22, 2014
Sold by
Noguera Oscar D and Noguera Merida
Bought by
Electric Capital Llc

Purchase Details

Closed on
May 2, 2006
Sold by
Conneally John F and Conneally Norma
Bought by
Noguera Oscar D and Noguera Merida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
2.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 15, 2002
Sold by
Conneally John F
Bought by
Conneally John F and Conneally Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.04%

Purchase Details

Closed on
Oct 7, 1997
Sold by
Federal National Mortgage Association
Bought by
Conneally John F

Purchase Details

Closed on
Jul 21, 1997
Sold by
Rucker Constance and Washington Dave
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 3, 1995
Sold by
Washington Dave
Bought by
Washington Dave and The Washington Family Trust

Purchase Details

Closed on
Mar 27, 1995
Sold by
Wilson Vernon E
Bought by
Rucker Constance and Washington Dave
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
7009 Flight Ave Llc -- Accommodation/Courtesy Recordi
Lee Allen First Revocable Trust $1,270,000 Lawyers Title
Olympia Super Seven Llc -- None Available
Stapakis Olympia -- None Available
Stapakis Olympia -- None Available
The Cherry Trust $712,000 Lawyers Title
Electric Capital Llc $712,000 None Available
Noguera Oscar D $825,000 Fidelity National Title Co
Conneally John F -- First American Title Co
Conneally John F $217,000 Investors Title Company
Federal National Mortgage Association $220,000 Fidelity National Title Ins
Washington Dave -- --
Rucker Constance $250,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Allen First Revocable Trus $675,000
Previous Owner Lee Allen First Revocable Trust $675,000
Previous Owner Noguera Oscar D $618,750
Previous Owner Conneally John F $260,000
Previous Owner Conneally John F $260,000
Previous Owner Conneally John F $60,000
Previous Owner Conneally John F $210,450
Previous Owner Rucker Constance $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $1,270,000 +1.6% $582 / Sq Ft
05/19/2022 05/19/22 For Sale $1,250,000 -- $573 / 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 $15,927 $1,321,308 $925,956 $395,352
2024 $15,927 $1,295,400 $907,800 $387,600
2023 $15,622 $1,270,000 $890,000 $380,000
2022 $9,786 $806,355 $566,262 $240,093
2021 $9,659 $790,545 $555,159 $235,386
2019 $9,374 $767,099 $538,694 $228,405
2018 $9,263 $752,059 $528,132 $223,927
2016 $8,851 $722,858 $507,625 $215,233
2015 $5,600 $450,000 $300,000 $150,000
2014 -- $919,702 $735,763 $183,939
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG22106053

California Regional Multiple Listing Service (CRMLS)

APN: 4103-007-014