NOT LISTED FOR SALE

Estimated Value: $1,344,000 - $1,764,346

4 Beds
3 Baths
2,160 Sq Ft
$716/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $1,365,000 $632 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,479/month

57 Days on Market

About This Home

As of March 2019

CBRE presents the Kittyhawk-Thornburn Assemblage, an extremely rare and unique opportunity to develop a multifamily asset within a Tier 1 Transit Priority Area in the City of Los Angeles. 7148 Kittyhawk Ave. is fully tenant-occupied and will be delivered As-is. The two combined R3 lots allow an investor to build up to 26-units utilizing LA City's TOC density bonus. The subject property is walking distance to a large commercial center including restaurants and retail stores. Easy access to all major lines of transit including 405 FWY and LAX Airport. Over the past 12 months, this neighborhood has undergone a large amount of new construction, with property and rental values in Westchester continuing to increase. Please contact Broker for Offering Memorandum.

Last Agent to Sell the Property

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 10/03/2018

Last Buyer's Agent

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 10/03/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,731 Sq Ft Lot

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4103-021-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

7,731 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: No
  • Living Area: 2160
  • Stories: 2
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Equipment: Dryer, Electric Dryer Hookup, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 601.85

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Driveway, Garage - 3 Car
  • Total Parking: 3

Utilities

  • Cooling: Wall/Window, Window Unit(s)
  • Heating: Wall, Wall Electric, Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 181000
  • Assessed Land Value: 148578
  • Assessor Parcel Number: 4103-021-031
  • Geocode Override: No
  • Lot Size Area: 7731

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 29.00
  • Number Of Units: 2
  • Rent Control: 100%
  • Type Of Units: Duplex
  • Vacancy Allow Percent: 3.00

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2018
Closed on
Jan 17, 2019
Sold by
Puliti Massimo and Puliti Maria
Bought by
Bk Anaheim Investments Llc
Seller's Agent
Adam Peterson
CB Richard Ellis, Inc.
Buyer's Agent
Adam Peterson
CB Richard Ellis, Inc.
List Price
$1,300,000
Sold Price
$1,365,000
Premium/Discount to List
$65,000
5%
Current Estimated Value
$1,546,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,087
Avg. Annual Appreciation
1.80%

Purchase Details

Closed on
Oct 14, 1998
Sold by
Vargas Manuel E and Vargas Living Trust
Bought by
Puliti Massimo and Puliti Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,600
Interest Rate
6.42%

Purchase Details

Closed on
Feb 14, 1996
Sold by
Vargas Manuel E
Bought by
Vargas Manuel E and Vargas Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bk Anaheim Investments Llc $1,365,000 North American Title Company
Puliti Massimo $244,000 Fidelity National Title
Vargas Manuel E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Puliti Massimo $219,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2019 03/15/19 Sold $1,365,000 +5.0% $632 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $1,300,000 -- $602 / Sq Ft
Source: The MLS

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 $18,259 $1,522,679 $1,227,068 $295,611
2024 $18,259 $1,492,823 $1,203,008 $289,815
2023 $17,907 $1,463,553 $1,179,420 $284,133
2022 $17,075 $1,434,857 $1,156,295 $278,562
2021 $16,864 $1,406,723 $1,133,623 $273,100
2019 $12,225 $342,891 $154,579 $188,312
2018 $4,169 $336,169 $151,549 $184,620
2016 $3,968 $323,116 $145,665 $177,451
2015 $3,911 $318,263 $143,477 $174,786
2014 $3,937 $312,030 $140,667 $171,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-407634

The MLS

APN: 4103-021-031

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