Seller's Agent in 2023
Casey Picard
Keller Williams Realty
(626) 376-9233
2 in this area
25 Total Sales
7137 Greeley St Los Angeles, CA 91042
2
Beds
1
Bath
7,360
Sq Ft
10,855
Sq Ft
Highlights
- Cooling System Mounted To A Wall/Window
- Card or Code Access
- Wrought Iron Fence
- Verdugo Hills Senior High School Rated A-
- Laundry Room
- Wall Furnace
About This Home
As of September 2023Located on Greeley Street in Tujunga, California, this property is a great investment for those looking for the opportunity pick their own tenants while gaining a strong cash-flow. With (8) - 2 Bed / 1 Bath Units with washer & dryer, a buyer will be given the opportunity to invest in a great unit mix in a growing sub-market. Five of eight units are currently vacant with three of the five vacant units offering renovated finishes. The property's current state allows for additional methods to increase overall through the utilization of a RUBS system to bill back tenants for a portion of the utilities (Buyer to verify). The building was built in 1940. But, was moved to the property in 1987. With a certificate of occupancy dated in 1988, there is a possibility of removing the asset from Los Angeles RSO (Buyer to Verify). Furthermore, with the existing lot area, there is possibility to build two ADU's (Buyer to Verify).
Last Agent to Sell the Property
Keller Williams Realty License #01921866 Listed on: 08/23/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 10,855 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- No Sprinklers
Interior Spaces
- 7,360 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 16 Parking Spaces
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 101
- Assessor Parcel Number 2568013019
Community Details
Building Details
- 3 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,970
- Insurance Expense $4,904
- Maintenance Expense $4,800
- Other Expense $1,336
- Pest Control $900
- Professional Management Expense $7,308
- Trash Expense $3,182
- Water Sewer Expense $5,959
- New Taxes Expense $25,059
- Operating Expense $57,253
- Gross Income $188,352
- Net Operating Income $125,448
Additional Features
- 8 Units
- Card or Code Access
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/28/2023 09/28/23 | Sold | $2,070,000 | -3.7% | $281 / Sq Ft |
| 08/22/2023 08/22/23 | For Sale | $2,150,000 | -- | $292 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 | $26,204 | $2,600,000 | $1,600,000 | $1,000,000 |
| 2024 | $26,204 | $2,070,000 | $1,240,000 | $830,000 |
| 2023 | $9,931 | $713,784 | $397,956 | $315,828 |
| 2022 | $9,514 | $699,789 | $390,153 | $309,636 |
| 2021 | $9,365 | $686,068 | $382,503 | $303,565 |
| 2020 | $9,443 | $681,084 | $378,581 | $302,503 |
| 2019 | $9,111 | $667,770 | $371,158 | $296,612 |
| 2018 | $8,916 | $654,718 | $363,881 | $290,837 |
| 2016 | $8,427 | $627,326 | $349,752 | $277,574 |
| 2015 | $8,316 | $617,904 | $344,499 | $273,405 |
| 2014 | $8,395 | $605,801 | $337,751 | $268,050 |
Source: Public Records
Agents Affiliated with this Home
-
Casey Picard
-
Martin Lazarian
Buyer's Agent in 2023
Martin Lazarian
JohnHart Real Estate
(818) 259-1046
25 in this area
154 Total Sales
-
Masis Babakhanyan
Buyer Co-Listing Agent in 2023
Masis Babakhanyan
JohnHart Real Estate
(818) 240-4142
24 in this area
148 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-14817
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