NOT LISTED FOR SALE

7018 1/2 Glasgow Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,321,000 - $1,714,000

4 Beds
4 Baths
2,460 Sq Ft
$607/Sq Ft Est. Value

Last Sold January 26, 2017

Last sale price $870,000 $354 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $8,838/month

133 Days on Market

Highlights

  • Main Floor Bedroom
  • 4 Car Attached Garage
  • Tile Countertops
  • Ground Level Unit
  • Bathtub with Shower
  • West Facing Home

About This Home

As of January 2017

HUGE REDUCTION Incredible opportunity well kept 4 units in Westchester. Close to Playa Vista, Beach Cities, LAX, upscale shopping centers & freeway. Well kept low maintenance building in high rental demand area. (3) 1 bdrms/1 bas (1) owners unit 2 bdrms/1 ba with sunlights. Second bedroom can be used as office. Each unit has private garage + 4 uncovers spaces. Units under L.A. rent control DRIVE BY ONLY inspection with accepted offer. Buyers to submit pre approval (direct lender)w. FICO and source of funds with offer. DO NOT DISTURB TENANTS.Seller to select all services. Back on Market.

Last Agent to Sell the Property

GAIL MERCEDES COLE

The Hills Premier Realty License #00788828 Listed on: 07/25/2016

Last Buyer's Agent

Kyle Daniels

License #01843670

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,278

Year Built

  • Built in 1950

Lot Details

  • 6,211 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Sprinkler System
  • Value in Land

Parking

  • 4 Car Attached Garage
  • 4 Open Parking Spaces

Home Design

  • Composition Roof
  • Pier And Beam
  • Stucco

Interior Spaces

  • 2,460 Sq Ft Home
  • 2-Story Property

Kitchen

  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms
  • Bathtub with Shower

Location

  • Ground Level Unit
  • City Lot

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for electricity, gardener
  • Assessor Parcel Number 4103-012-024

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • 4 Units
  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,278

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Living Area: 2460
  • Probate: No
  • Property Condition: No Additions/Alter
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 4
  • Number Drapes: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Flooring: Mixed
  • Appliances: Free Standing Gas
  • Bedrooms: 4
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: None
  • Bathroom Features: Shower and Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 355.69

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Sprinkler System
  • Tennis Court Y/N: No
  • Foundation Details: Pier and Beam
  • Number Patio: 0
  • Pool: No
  • Roof: Composition
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Garage Structures: 4
  • Number Rented Garages: 0
  • Parking Garage: Attached
  • Total Parking: 4

Utilities

  • Heating: Natural Gas
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 0

Association/Amenities

  • Pet Rules: Call

Condo/Co-op/Association

  • Management Company: Owner

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Value: 284264
  • Assessed Land Value: 670868
  • Assessor Parcel Number: 4103-012-024
  • Geocode Override: No
  • Lot Description: Value In Land
  • Lot Location: City
  • Lot Size Area: 6211

Rental Info

  • Number Leased: 4
  • Land Lease Type: Month to Month
  • Lease Per Month Year: Month
  • Owner Pays: Electricity, Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 4
  • Number Wall A C: 0
  • Rent Control: 100
  • Total Annual Expense: 6000
  • Type Of Units: rentals
  • Vacancy Rate: .01

Tax Info

  • Private Transfer Taxes: No
  • Tax Percent: 3.00

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2017
Sold by
Conway Lisa V Gargano
Bought by
Conway Lisa V Gargano and The Joseph P Gargano Exemption Trust
Current Estimated Value
$1,493,000

Purchase Details

Listed on
Jul 25, 2016
Closed on
Jan 18, 2017
Sold by
Conway Christopher J
Bought by
Conway Lisa V Gargano
Seller's Agent
GAIL MERCEDES COLE
The Hills Premier Realty
Buyer's Agent
Kyle Daniels
List Price
$995,000
Sold Price
$870,000
Premium/Discount to List
-$125,000
-12.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$215,000
Outstanding Balance
$177,382
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,315,618

Purchase Details

Closed on
Jun 24, 2015
Sold by
Foster Mel
Bought by
Foster Melvin L and Melvin L Foster Revocable Trust

Purchase Details

Closed on
Aug 24, 2005
Sold by
Allen Robert B and Allen Ramona
Bought by
Foster Mel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
3.37%
Mortgage Type
Negative Amortization
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
Conway Lisa V Gargano -- None Available
Conway Lisa V Gargano -- Fidelity Sherman Oaks
Conway Lisa A Gargano $870,000 Fidelity National Title Co
Foster Melvin L -- None Available
Foster Mel $805,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conway Lisa V Gargano $215,000
Previous Owner Foster Mel $644,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2017 01/26/17 Sold $870,000 -0.6% $354 / Sq Ft
11/10/2016 11/10/16 Price Changed $875,000 -5.4% $356 / Sq Ft
10/18/2016 10/18/16 Price Changed $925,000 -2.1% $376 / Sq Ft
08/12/2016 08/12/16 Price Changed $945,000 -5.0% $384 / Sq Ft
07/25/2016 07/25/16 For Sale $995,000 -- $404 / Sq Ft
Source: The MLS

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 $12,278 $1,009,701 $706,793 $302,908
2024 $12,278 $989,904 $692,935 $296,969
2023 $12,046 $970,496 $679,349 $291,147
2022 $11,494 $951,468 $666,029 $285,439
2021 $11,345 $932,813 $652,970 $279,843
2019 $11,009 $905,147 $633,603 $271,544
2018 $10,924 $887,400 $621,180 $266,220
2016 $11,831 $969,697 $681,098 $288,599
2015 $11,659 $955,132 $670,868 $284,264
2014 $11,718 $936,423 $657,727 $278,696
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    GAIL MERCEDES COLE

    The Hills Premier Realty

    Section Image

  • K

    Buyer's Agent in 2017

    Kyle Daniels

See All Agents

Map

Source: The MLS

MLS Number: 16-147486

The MLS

APN: 4103-012-024

California Los Angeles County Los Angeles 90045 Westchester

7018 1/2 Glasgow Ave, Los Angeles, CA

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