$739,000
SOLD JUN 26, 2017
7 Beds
5 Baths
6,030 Sq Ft
6,084 Sq Ft Lot

Recently Sold

$123 Per Sq Ft

10 Days on Market

About This Home

As of February 2022

Great investment opportunity for investors. 5 units mixed in Los Angeles. All units are occupied. Unit mixed are: Two - Three bedroom/2 bathroom, Two - Two bedroom/1 bathroom and One office (previous owner converted the office into 2 bedroom and 2 bathroom). Property features 2 car garage, 2-3 parking spaces, 1 gas meter, 1 water meter, 6 electric meter. Current cap rate is 6.59%. Buyer may assume the existing financing due on October 5, 2021.

Last Agent to Sell the Property

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 05/12/2017

ReMax 2000 Realty

Last Buyer's Agent

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 05/12/2017

ReMax 2000 Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,934

Year Built

  • Built in 1963

Lot Details

  • 6,084 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 6,030 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 5219
  • Assessor Parcel Number 6015035032

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $800
  • Insurance Expense $2,098
  • Maintenance Expense $3,200
  • Water Sewer Expense $783
  • New Taxes Expense $9,372
  • Operating Expense $18,244
  • Gross Income $5,750
  • Net Operating Income $48,686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,934

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.59
  • Property Attached: No
  • Water Sewer Expenses: 783.00
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 6015035032
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 122.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6084.00

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 5750.00
  • Gross Multiplier: 10.71
  • Gross Operating Income: 66930.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 2098.00
  • Maintenance Expense: 3200.00
  • Net Operating Income: 48686.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 18244.00
  • Rent Control: Yes
  • Total Expenses: 18244.00
  • Vacancy Allowance: 2070

Tax Info

  • New Taxes Expense: 9372.00
  • Tax Census Tract: 2373.00
  • Tax Lot: 17
  • Tax Tract Number: 5219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2021
Closed on
Feb 23, 2022
Sold by
Lm Family Investment Llc
Bought by
700 30Th Street Llc
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
Katie Chai
ReMax 2000 Realty
List Price
$975,000
Sold Price
$1,050,000
Premium/Discount to List
$75,000
7.69%
Current Estimated Value
$1,168,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,132
Avg. Annual Appreciation
2.57%
Original Mortgage
$735,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 12, 2017
Closed on
May 31, 2017
Sold by
Ritz Financial Llc
Bought by
Lm Family Investment Llc
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
Katie Chai
ReMax 2000 Realty
List Price
$739,000
Sold Price
$739,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%

Purchase Details

Listed on
Aug 23, 2016
Closed on
Sep 29, 2016
Sold by
Sou Rama A
Bought by
Ritz Financial Llc
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
Katie Chai
ReMax 2000 Realty
List Price
$700,000
Sold Price
$645,000
Premium/Discount to List
-$55,000
-7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.80%
Original Mortgage
$483,750
Interest Rate
3.43%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Nov 14, 2011
Closed on
Sep 14, 2012
Sold by
Lee Michelle N
Bought by
Sou Rama A
Seller's Agent
Lorna Orrett
Results Real Estate
Buyer's Agent
Ralph Anthony
K & K Group, Inc.
List Price
$550,000
Sold Price
$480,000
Premium/Discount to List
-$70,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%

Purchase Details

Listed on
Nov 14, 2011
Closed on
Aug 1, 2012
Sold by
Middleton Radman Edward and Middleton Gilda Sonia
Bought by
Sou Rama A and Bui Tai Trong
Seller's Agent
Lorna Orrett
Results Real Estate
Buyer's Agent
Ralph Anthony
K & K Group, Inc.
List Price
$550,000
Sold Price
$480,000
Premium/Discount to List
-$70,000
-12.73%

Purchase Details

Closed on
Jan 4, 1994
Sold by
California Reconveyance Company
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,050,000 Old Republic Title
Grant Deed $1,050,000 Old Republic Title
Grant Deed $739,000 Ticor Title Company Of Ca
Grant Deed $645,000 Ticor Title Company
Interfamily Deed Transfer -- Ticor Title
Interfamily Deed Transfer -- Ticor Title
Grant Deed $480,000 Ticor Title
Trustee Deed $171,990 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,820,000 Construction
Closed $735,000 New Conventional
Previous Owner $483,750 Seller Take Back
Previous Owner $331,013 Negative Amortization
Previous Owner $200,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Off Market $2,295 -- --
02/05/2025 02/05/25 Price Changed $2,295 -8.2% $3 / Sq Ft
11/26/2024 11/26/24 For Rent $2,499 0.0% --
02/25/2022 02/25/22 Sold $1,050,000 +7.7% $174 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
12/07/2021 12/07/21 For Sale $975,000 +31.9% $162 / Sq Ft
06/26/2017 06/26/17 Sold $739,000 0.0% $123 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $739,000 +14.6% $123 / Sq Ft
10/05/2016 10/05/16 Sold $645,000 -7.9% $107 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $700,000 +45.8% $116 / Sq Ft
09/20/2012 09/20/12 Sold $480,000 -12.7% $80 / Sq Ft
08/08/2012 08/08/12 Pending -- -- --
11/14/2011 11/14/11 For Sale $550,000 -- $91 / 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 $13,934 $1,114,267 $742,845 $371,422
2024 $13,934 $1,092,420 $728,280 $364,140
2023 $13,678 $1,071,000 $714,000 $357,000
2022 $10,246 $808,201 $492,139 $316,062
2021 $10,089 $792,355 $482,490 $309,865
2019 $9,800 $768,855 $468,180 $300,675
2018 $9,670 $753,780 $459,000 $294,780
2016 $6,515 $499,312 $208,047 $291,265
2015 $6,427 $491,812 $204,922 $286,890
2014 $6,465 $482,179 $200,908 $281,271
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17105285

California Regional Multiple Listing Service (CRMLS)

APN: 6015-035-032