NOT LISTED FOR SALE

Estimated Value: $828,000 - $999,000

6 Beds
4 Baths
2,599 Sq Ft
$358/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $830,000 $319 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,971/month

18 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System
  • Neighborhood Views
  • Tile Flooring
  • 1-Story Property

About This Home

As of March 2023

INVESTORS DELIGHT!!!! Are you looking for a Value ADD opportunity with a 6.2% CAP RATE on a large lot of over 10,000 s/f? TOC Tier 2, Zoned LARD2, the possibilities are endless! This special piece of land has the potential to be subdivided into four separate parcels or the possibility to construct 4-5 new units on the existing large lot or the possibility to build up 3 additional units, there is a 45 ft. height restriction. Please verify with Los Angeles City Planning department. Located 10 MINUTES AWAY FROM SOFI STADIUM, THE KIA FORUM, 15 MINUTES FROM LAX AIRPORT, 20 MINUTES to DOWNTOWN LA. 5 MINUTES AWAY FROM FREEWAYS 110,105, 91, 405. A few miles to USC, CLOSE TO PUBLIC TRANSIT, SHOPPING AND MORE! Property Sold AS-IS!

DON'T MISS THIS GREAT OPPORTUNITY TO OWN 3 units producing a 6.2% CAP RATE!!!

Last Agent to Sell the Property

Nakia Reneau Holland

Coldwell Banker Realty License #02081447 Listed on: 01/20/2023

Coldwell Banker Realty

Co-Listed By

Natasha Reneau Jones

Coldwell Banker Realty License #02083853

Last Buyer's Agent

Jasaan Dabney

Pellego, Inc. License #01943549

Pellego, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,766

Year Built

  • Built in 1924

Lot Details

  • 10,394 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Triplex
  • Raised Foundation

Interior Spaces

  • 2,599 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 9
  • Tax Tract Number 240
  • Assessor Parcel Number 6054001010
  • $588 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $1,300
  • Water Sewer Expense $2,700
  • New Taxes Expense $10,125
  • Operating Expense $16,525
  • Gross Income $66,996
  • Net Operating Income $50,471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,766

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.20
  • Inclusions: Shed and laminate floors inside of shed
  • Price Per Unit: 270000
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2700.00
  • Zoning: LARD2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 6054001010
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Price Per Square Foot: 319.35

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Other
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer, Unknown
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10394.00
  • Lot Size Acres: 0.2386

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 66996.00
  • Gross Scheduled Income: 66996.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 10394.0000 Square Feet
  • Net Operating Income: 50471.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 1
  • Number With Refrigerator: 3
  • Operating Expense: 16525.00
  • Rent Control: Yes
  • Total Expenses: 16525.00

Tax Info

  • New Taxes Expense: 10125.00
  • Tax Census Tract: 2404.01
  • Tax Lot: 9
  • Tax Tract Number: 240...
  • TaxOtherAnnualAssessmentAmount: 588.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2024
Sold by
Johnson Edward and Edward Johnson Jr Trust
Bought by
Edward Johnson Jr Trust and Johnson
Current Estimated Value
$931,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,672
Interest Rate
6.12%
Mortgage Type
VA

Purchase Details

Closed on
Jul 1, 2024
Sold by
Johnson Edward
Bought by
Edward Johnson Jr Trust

Purchase Details

Listed on
Jan 20, 2023
Closed on
Feb 13, 2023
Sold by
Goode Diane J
Bought by
Johnson Edward
Seller's Agent
Nakia Reneau Holland
Coldwell Banker Realty
Buyer's Agent
Jasaan Dabney
Pellego, Inc.
List Price
$810,000
Sold Price
$830,000
Premium/Discount to List
$20,000
2.47%
Views
128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.52%
Original Mortgage
$830,000
Interest Rate
6.13%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 6, 2020
Sold by
Beach Michael
Bought by
Goode Diane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2020
Sold by
Goode Diane J and The Diane J Goode Revocable Li
Bought by
Goode Diane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2018
Sold by
Goode Diane J
Bought by
Goode Diane J and Diane J Goode Revocable Living

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2017
Sold by
Goode Diane J
Bought by
Goode Diane J and Diane J Goode Revocable Living

Purchase Details

Closed on
Feb 14, 2007
Sold by
Lynch Ida Mae
Bought by
Propert Lynch Ida Mae and Propert Ida Mae Lynch Separate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2005
Sold by
Lynch Ida Mae
Bought by
Lynch Ida Mae and The Ida Mae Lynch Separate Pro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
5.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2004
Sold by
Lynch Ida Mae
Bought by
Lynch Ida Mae and The Ida Mae Lynch Separate Pro

Purchase Details

Closed on
Jul 10, 1997
Sold by
Jones Ida and Miller Arthur J
Bought by
Lynch Ida Mae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
9.25%
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 Buyer Sale Price Title Company
Edward Johnson Jr Trust -- Orange Coast Title Company
Edward Johnson Jr Trust -- None Listed On Document
Johnson Edward $830,000 Lawyers Title
Goode Diane J -- First American Title Company
Goode Diane J -- First American Title Company
Goode Diane J -- Accommodation
Goode Diane J -- First American Title Company
Goode Diane J -- None Available
Goode Diane J -- None Available
Propert Lynch Ida Mae -- Gateway Title Company
Lynch Ida Mae -- Gateway Title Company
Lynch Ida Mae -- --
Lynch Ida Mae -- Gateway Title Company Colton
Lynch Ida Mae -- --
Lynch Ida Mae -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edward Johnson Jr Trust $850,672
Previous Owner Johnson Edward $830,000
Previous Owner Goode Diane J $470,000
Previous Owner Goode Diane J $455,000
Previous Owner Lynch Ida Mae $472,500
Previous Owner Ida Mae Lynch Revocable Living Trust $440,000
Previous Owner Lynch Ida Mae $319,000
Previous Owner Lynch Ida Mae $262,500
Previous Owner Lynch Ida Mae $200,000
Previous Owner Lynch Ida Mae $164,000
Previous Owner Lynch Ida Mae $131,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2023 03/09/23 Sold $830,000 +2.5% $319 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $810,000 -- $312 / 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 $10,766 $863,532 $624,240 $239,292
2024 $10,766 $846,600 $612,000 $234,600
2023 $7,677 $588,989 $412,739 $176,250
2022 $7,341 $577,442 $404,647 $172,795
2021 $7,241 $566,120 $396,713 $169,407
2020 $7,310 $560,316 $392,646 $167,670
2019 $7,036 $549,331 $384,948 $164,383
2018 $6,839 $538,560 $377,400 $161,160
2016 $3,410 $263,006 $202,321 $60,685
2015 $3,363 $259,056 $199,282 $59,774
2014 $3,396 $253,983 $195,379 $58,604
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23007810

California Regional Multiple Listing Service (CRMLS)

APN: 6054-001-010