NOT LISTED FOR SALE

7816 S Western Ave Los Angeles, CA 90047

Manchester Square Neighborhood

Estimated Value: $838,000 - $975,000

6 Beds
4 Baths
2,392 Sq Ft
$384/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $895,000 $374 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,027/month

70 Days on Market

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Cooling System Mounted To A Wall/Window
  • Gated Parking
  • Main Floor Primary Bedroom
  • Living Room

About This Home

As of August 2022

This TURNKEY 2018-built upstairs unit and downstairs unit Duplex offers two single-level 3 bedroom, 2 bath units, each with its own in-unit washer dryers. Open floor plan with living room, dining room, and kitchen. Both units with almost identical layouts and feature laminate flooring and recessed lighting throughout. Modern kitchen with stainless appliances and quartz countertops. Minimal expenses since units are separately metered for gas, power, AND water! Low maintenance grounds. NOT rent control! One unit is upstairs, and the other is downstairs. Located approximately 3-miles from SoFi Stadium!

Last Agent to Sell the Property

Joan Lamond

The Agency License #02064539 Listed on: 05/01/2022

The Agency

Last Buyer's Agent

Derrick Ruiz

eXp Realty of Greater Los Angeles License #00919713

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,245

Year Built

  • Built in 2018

Lot Details

  • 2,752 Sq Ft Lot
  • No Common Walls
  • Fenced
  • No Sprinklers
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 2,392 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Blinds
  • Living Room

Kitchen

  • Gas Oven
  • Free-Standing Range
  • <<microwave>>
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway Level
  • Gated Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, trash collection, water
  • Tax Lot 7
  • Assessor Parcel Number 6018032005

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $777
  • Professional Management Expense $8,994
  • Operating Expense $12,662
  • Gross Income $57,600
  • Net Operating Income $44,937

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,245

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Assessments: No
  • Inclusions: Washers, dryers, stoves, microwaves, dishwashers, and downstairs unit refrigerator.
  • Professional Management Expense: 8993.62
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LAC2
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6018032005
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 375.84
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway Level, Gated, On Site
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Inside, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sprinklers None
  • Lot Size Sq Ft: 2752.00
  • Lot Size Acres: 0.0632

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 57600.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 777.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2752.0000 Square Feet
  • Net Operating Income: 44937.38
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Refrigerator: 1
  • Operating Expense: 12662.62
  • Rent Control: No
  • Total Expenses: 12662.00

Tax Info

  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2022
Closed on
Jul 25, 2022
Sold by
S H Chen Family Trust
Bought by
Castro Mauricio
Seller's Agent
Joan Lamond
The Agency
Buyer's Agent
Derrick Ruiz
eXp Realty of Greater Los Angeles
List Price
$950,000
Sold Price
$895,000
Premium/Discount to List
-$55,000
-5.79%
Current Estimated Value
$918,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,985
Avg. Annual Appreciation
2.66%
Original Mortgage
$470,000
Outstanding Balance
$452,923
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$514,027

Purchase Details

Closed on
Nov 16, 2018
Sold by
Chen San Hsiung and Chen Moa Ying
Bought by
Chen San Hsiung and Chen Moa Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 15, 2018
Sold by
Federated Property Holdings Llc
Bought by
Chen San Hsiung and Chen Moa Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 12, 2018
Sold by
Castellon Maria Luisa
Bought by
Yao Linda Chaoju

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
3.95%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 19, 2015
Sold by
Mayfield Charles
Bought by
Castellon Maria Luisa
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
Castro Mauricio $895,000 Chicago Title
Chen San Hsiung -- Lawyers Title
Chen San Hsiung $720,000 Lawyers Title Company
Yao Linda Chaoju $590,000 Lawyers Title
Castellon Maria Luisa $360,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Mauricio $470,000
Previous Owner Chen San Hsiung $408,000
Previous Owner Yao Linda Chaoju $413,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $895,000 -0.4% $374 / Sq Ft
07/07/2022 07/07/22 Price Changed $899,000 +2.7% $376 / Sq Ft
06/14/2022 06/14/22 Price Changed $875,000 -2.7% $366 / Sq Ft
06/01/2022 06/01/22 Price Changed $899,000 -5.4% $376 / Sq Ft
05/02/2022 05/02/22 For Sale $950,000 -- $397 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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
2024 $11,245 $912,900 $612,000 $300,900
2023 $11,031 $895,000 $600,000 $295,000
2022 $9,116 $756,846 $525,588 $231,258
2021 $8,994 $742,007 $515,283 $226,724
2019 $8,576 $720,000 $500,000 $220,000
2018 $1,358 $104,040 $104,040 $0
2017 $1,346 $102,000 $102,000 $0
2016 $1,321 $100,000 $100,000 $0
2015 $245 $9,734 $8,335 $1,399
2014 $251 $9,544 $8,172 $1,372
Source: Public Records

Agents Affiliated with this Home

  • Joan Lamond

    Seller's Agent in 2022

    Joan Lamond

    The Agency

    (323) 628-6122

    2 in this area

    36 Total Sales

    Joan Lamond
    Section Image
  • Derrick Ruiz

    Buyer's Agent in 2022

    Derrick Ruiz

    eXp Realty of Greater Los Angeles

    (310) 308-3174

    2 in this area

    23 Total Sales

    Derrick Ruiz
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-9308

Pasadena-Foothills Association of REALTORS®

APN: 6018-032-005

California Los Angeles County Los Angeles 90047 Manchester Square

7816 S Western Ave, Los Angeles, CA

This home is located at 7816 S Western Ave, Los Angeles, CA 90047 since 01 May 2022 and is currently estimated at $918,985, approximately $384 per square foot. This property was built in 2018. 7816 S Western Ave is a home located in Los Angeles County with nearby schools including Horace Mann Ucla Community, Raymond Avenue Elementary School, and George Washington Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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