NOT LISTED FOR SALE

Estimated Value: $620,113 - $688,000

3 Beds
3 Baths
1,344 Sq Ft
$490/Sq Ft Est. Value

Sale Details

Date Sold: September 3, 2021

Last sale price $585,000 $435 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,247 / mo

52 Days on Market

Highlights

  • Bike Trail
  • Cabrillo Avenue Elementary School Rated 9+
  • Rectangular Lot

About This Home

As of September 2021

PRICE REDUCED TO SELL QUICK!! Excellent investment opportunity consisting of 3 separate houses on one lot. Property has two 1-car garages, which presents a potential for ADU conversion. Separately metered for Gas and Electric. All tenants are paying. Located west of Gaffey Street in a desirable neighborhood near schools, shopping and transportation. Fell out of escrow because Buyer was not familiar with LA City rent control. Property will be delivered with tenants

Last Agent to Sell the Property

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 05/21/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Rina Culligan

Bayside License #01217495

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,693 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • 1,344 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • Private Sewer

Listing and Financial Details

  • Legal Lot and Block 24 / 21
  • Tax Tract Number 296
  • Assessor Parcel Number 7454029025

Community Details

Overview

  • 3 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,873
  • Water Sewer Expense $2,852
  • New Taxes Expense $7,396
  • Operating Expense $14,821
  • Gross Income $35,148
  • Net Operating Income $19,273

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

4,693 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2852.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7454029025
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 435.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 4693.00
  • Lot Size Acres: 0.1077

Multi Family

  • Gross Income: 35148.00
  • Gross Scheduled Income: 35148.00
  • Insurance Expense: 1873.00
  • Lot Size Area: 4693.0000 Square Feet
  • Net Operating Income: 19273.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14821.00
  • Rent Control: Yes
  • Total Actual Rent: 2929.00
  • Total Expenses: 14821.00

Tax Info

  • New Taxes Expense: 7396.00
  • Tax Block: 21
  • Tax Census Tract: 2969.01
  • Tax Lot: 24
  • Tax Tract Number: 296...

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 1999
Sold by
Bought by
Current Estimated Value
$658,528
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/03/2021 09/03/21 Sold $585,000 -5.6% $435 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
06/03/2021 06/03/21 Price Changed $620,000 -6.1% $461 / Sq Ft
05/21/2021 05/21/21 For Sale $660,000 -- $491 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21109053

California Regional Multiple Listing Service (CRMLS)

APN: 7454-029-025

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