NOT LISTED FOR SALE

7870 Flight Place Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,574,000 - $2,597,000

8 Beds
5 Baths
3,324 Sq Ft
$649/Sq Ft Est. Value

Last Sold February 13, 2015

Last sale price $1,295,000 $390 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $12,896/month

18 Days on Market

About This Home

As of February 2015

Beautiful 4 unit property in the (Beautiful and Quiet) Westport Heights Neighborhood of Westchester. Hard to find 4 unit in a desirable hilly, residential neighborhood close to the ocean. Large Corner Lot! 2 of the units are located on Airport Blvd, and 2 of the units are located on Flight Pl. New Roof, New Windows, Hardwood Floors, Copper Piping, Newer Water Heaters, New Kitchens in Some, Front Yard, Private Back Yards, Washer/Dryer Hookups, Garage Parking for 3 cars, plus an additional 5 cars on site, for a total of 8 cars.

Last Agent to Sell the Property

George Paul

Newbridge Properties License #01875406 Listed on: 11/03/2014

Last Buyer's Agent

Agnes Rosiak

Estate Properties License #01866451

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,910

Year Built

  • Built in 1950

Lot Details

  • 9,148

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage
  • Auto Driveway Gate
  • Driveway

Home Design

  • Quadruplex

Interior Spaces

  • 3,324 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 9,148 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4106-030-007

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,910

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3324
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 8
  • Total Bathrooms: 5.00
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 361.01

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 4
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 5
  • Covered Parking: 3
  • Parking Garage: Driveway, Driveway Gate, Garage - 3 Car
  • Total Parking: 5

Utilities

  • Heating: Wall
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Water Expense: 3600.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 1104.00
  • Trash Expense: 960.00

Lot Info

  • Assessed Improvement Value: 227944
  • Assessed Land Value: 345176
  • Assessor Parcel Number: 4106-030-007
  • Geocode Override: No
  • Lot Size Area: 9148

Rental Info

  • Number Leased: 4
  • Total Actual Rent: 82440.00
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.50
  • Number Of Units: 4
  • Rent Control: 100%
  • Type Of Units: 4Plex

Tax Info

  • Tax Expense: 16188.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2014
Closed on
Feb 5, 2015
Sold by
Aasved Kenneth G and Aasved Susan W
Bought by
Shishido & Marumoto Shishido Family Trus
Seller's Agent
George Paul
Newbridge Properties
Buyer's Agent
Agnes Rosiak
Estate Properties
List Price
$1,200,000
Sold Price
$1,295,000
Premium/Discount to List
$95,000
7.92%
Current Estimated Value
$2,158,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$863,552
Avg. Annual Appreciation
4.89%
Original Mortgage
$770,000
Outstanding Balance
$590,632
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$1,567,920

Purchase Details

Closed on
Aug 12, 1997
Sold by
Bennett Patrice J and Bellefontaine Mary C
Bought by
Aasved Kenneth G and Aasved Susan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
8%

Purchase Details

Closed on
Nov 5, 1993
Sold by
Kuzavinis Rytis S and Kuzavinis Graciela
Bought by
Bennett Patrice J and Bellefontaine Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
7.24%
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
Shishido & Marumoto Shishido Family Trus $1,295,000 North American Title
Aasved Kenneth G $440,000 Fidelity National Title
Bennett Patrice J $424,545 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shishido & Marumoto Shishido Family Trus $770,000
Previous Owner Aasved Kenneth G $352,000
Previous Owner Bennett Patrice J $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2015 02/13/15 Sold $1,295,000 +7.9% $390 / Sq Ft
11/21/2014 11/21/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $1,200,000 -- $361 / Sq Ft
Source: The MLS

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 $18,910 $1,556,386 $841,290 $715,096
2024 $18,910 $1,525,870 $824,795 $701,075
2023 $18,550 $1,495,952 $808,623 $687,329
2022 $17,699 $1,466,620 $792,768 $673,852
2021 $17,475 $1,437,864 $777,224 $660,640
2019 $16,957 $1,395,218 $754,172 $641,046
2018 $16,840 $1,367,862 $739,385 $628,477
2016 $16,100 $1,314,748 $710,675 $604,073
2015 $7,399 $584,570 $352,072 $232,498
2014 -- $573,120 $345,176 $227,944
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    George Paul

    Newbridge Properties

  • Agnes Rosiak

    Buyer's Agent in 2015

    Agnes Rosiak

    Estate Properties

    (310) 384-2399

    3 in this area

    23 Total Sales

    Agnes Rosiak
    Section Image

  • M

    Buyer Co-Listing Agent in 2015

    Max Alatorre

    Compass

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Map

Source: The MLS

MLS Number: 14-807425

The MLS

APN: 4106-030-007

California Los Angeles County Los Angeles 90045 Westchester

7870 Flight Place, Los Angeles, CA

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