$610,000
SOLD JAN 24, 2019
3 Beds
3 Baths
1,885 Sq Ft
7,500 Sq Ft Lot

Recently Sold

$324 Per Sq Ft

1 Day on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of August 2022

This triplex property is a great investment for those who are looking for an income. The property is in a great location with three one bedroom and one bath units.

Last Agent to Sell the Property

Mimi Hagani

First Banker Real Estate License #01438998 Listed on: 11/13/2018

Last Buyer's Agent

Mimi Hagani

First Banker Real Estate License #01438998 Listed on: 11/13/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,322

Year Built

  • Built in 1959

Lot Details

  • 7,500 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,885 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 16
  • Tax Tract Number 1345
  • Assessor Parcel Number 2112024025

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $2,640
  • Water Sewer Expense $7,200
  • New Taxes Expense $9,132
  • Operating Expense $19,972
  • Gross Income $40,320
  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,322

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 7200.00
  • Zoning: LAR3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2112024025
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 323.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 2640.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 40320.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 31200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10800.00
  • Rent Control: Yes
  • Total Expenses: 19972.00

Tax Info

  • New Taxes Expense: 9132.00
  • Tax Census Tract: 1345.21
  • Tax Lot: 16
  • Tax Tract Number: 1345.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
Jul 25, 2022
Sold by
7353 Milwood Avenue Llc
Bought by
Valley Milwood Qozb Apartments Llc
Seller's Agent
Hooman Emanuel
Keller Williams Studio City
Buyer's Agent
Anil Sharma
Sharma Estate Realty
List Price
$1,495,000
Sold Price
$1,375,000
Premium/Discount to List
-$120,000
-8.03%
Current Estimated Value
$1,519,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,032
Avg. Annual Appreciation
2.75%

Purchase Details

Closed on
Mar 5, 2020
Sold by
Aharoni Alison Iris
Bought by
Aharoni Elkana Arik

Purchase Details

Listed on
Nov 13, 2018
Closed on
Jan 22, 2019
Sold by
Kochavi Gorodezky Eliraz
Bought by
Gorodezky Tal
Seller's Agent
Mimi Hagani
First Banker Real Estate
Buyer's Agent
Mimi Hagani
First Banker Real Estate
List Price
$609,000
Sold Price
$610,000
Premium/Discount to List
$1,000
0.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.58%
Original Mortgage
$457,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 13, 2018
Closed on
Dec 13, 2018
Sold by
Arteage Juan Manuel
Bought by
Gorodezky Tal
Seller's Agent
Mimi Hagani
First Banker Real Estate
Buyer's Agent
Mimi Hagani
First Banker Real Estate
List Price
$609,000
Sold Price
$610,000
Premium/Discount to List
$1,000
0.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2006
Sold by
Arteaga Maria Del Refugio
Bought by
Arteaga Juan Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,000
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 23, 2004
Sold by
Arteaga Maria Delrefugio
Bought by
Arteaga Juan Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2002
Sold by
Arteaga Maria Del Refugio
Bought by
Arteaga Juan Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.28%

Purchase Details

Closed on
Nov 26, 2002
Sold by
Sethi Gurjit S and Sethi Mohinder
Bought by
Arteaga Juan Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.28%

Purchase Details

Closed on
Jul 11, 2002
Sold by
Sethi Gurjit and Sethi Mohinder
Bought by
Sethi Gurjit S
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $1,375,000 Chicago Title
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Stewart Title
Grant Deed $610,000 Stewart Title Company
Interfamily Deed Transfer -- Alliance Title Company
Interfamily Deed Transfer -- Chicago Title
Interfamily Deed Transfer -- Southland Title
Grant Deed $275,000 Southland Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $457,500 New Conventional
Previous Owner $362,000 Fannie Mae Freddie Mac
Previous Owner $315,000 New Conventional
Previous Owner $247,500 No Value Available
Closed $13,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2022 08/17/22 Sold $1,375,000 -8.0% $729 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $1,495,000 +145.1% $793 / Sq Ft
01/24/2019 01/24/19 Sold $610,000 +0.2% $324 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
11/13/2018 11/13/18 For Sale $609,000 -- $323 / 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 $17,322 $1,430,550 $1,430,550 --
2024 $17,322 $1,402,500 $1,402,500 --
2023 $16,988 $1,375,000 $1,375,000 $0
2022 $10,220 $834,758 $834,758 $0
2021 $10,094 $818,391 $818,391 $0
2020 $7,940 $622,200 $433,500 $188,700
2019 $2,831 $373,323 $107,755 $265,568
2018 $10,482 $350,032 $105,643 $244,389
2016 $4,213 $336,442 $101,542 $234,900
2015 $4,153 $331,389 $100,017 $231,372
2014 $4,184 $324,898 $98,058 $226,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18272740

California Regional Multiple Listing Service (CRMLS)

APN: 2112-024-025