NOT LISTED FOR SALE
6 Beds
6 Baths
2,154 Sq Ft
6,997 Sq Ft Lot Lot

Sale Details

Date Sold: March 15, 2023

Last sale price $1,150,000 $534 Per Sq Ft

26 Days on Market

Highlights

  • Property is near park
  • Neighborhood Views
  • Laundry Room
  • No HOA
  • Park
  • 4 Car Garage

About This Home

As of March 2023

A Five Unit Investment Property located in a very quiet neighborhood near the 210/134/110/2FWY and 20 minutes north of Downtown LA. The five-unit property, you can live in one unit and rent out the others or hold it as a great investment property. Five units – one 2bd/2bath, four 1bd/1bath. There are four separate garages and an onsite washer/dryer area. Currently, 100% tenant occupied that are month to month. The NOI and Cap Rate are Proforma based using actual local rents. Based on Current Rents, NOI is $54,290, and the Cap Rate is 5%, so there is great potential for increased income and added value.

Last Agent to Sell the Property

Gary Chen

eXp Realty of Southern Ca, Inc License #01969000 Listed on: 01/06/2023

eXp Realty of Southern Ca, Inc

Co-Listed By

Donna Bass

Keller Williams Pacific Estate-La Mirada License #01846211

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 6,997 Sq Ft Lot
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned PSR1

Parking

  • 4 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Shared Driveway

Interior Spaces

  • 2,154 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Property is near park
  • Suburban Location

Utilities

  • Source of electricity is unknown
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, parking fee, telephone
  • Tax Lot 27
  • Tax Tract Number 462
  • Assessor Parcel Number 5725026004
  • $1,081 per year additional tax assessments

Community Details

Recreation

  • Park

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

6,997 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 9.11
  • Property Attached: Yes
  • View: Yes
  • Zoning: PSR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 5725026004
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 533.89

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Shared Driveway
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Electric: Electricity - Unknown
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lot 6500-9999, Rectangular Lot, Park Nearby, Paved, Walkstreet
  • Lot Size Sq Ft: 6997.00
  • Lot Size Acres: 0.1606

Rental Info

  • Tenant Pays: All Utilities, Parking Fee, Telephone

Multi Family

  • Gross Income: 128100.00
  • Gross Scheduled Income: 128100.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6997.0000 Square Feet
  • Net Operating Income: 100185.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 27915.00
  • Rent Control: No
  • Total Actual Rent: 79800.00

Tax Info

  • Tax Census Tract: 4620.01
  • Tax Lot: 27
  • Tax Tract Number: 462...
  • TaxOtherAnnualAssessmentAmount: 1081.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2023 03/15/23 Sold $1,150,000 +4.5% $534 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
01/06/2023 01/06/23 For Sale $1,100,000 +44.7% $511 / Sq Ft
11/11/2014 11/11/14 Sold $760,000 -6.2% $353 / Sq Ft View Prior Sale
08/26/2014 08/26/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $810,000 -- $376 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,686 $1,196,459 $896,824 $299,635
2024 $13,992 $1,173,000 $879,240 $293,760
2023 $10,860 $877,930 $693,105 $184,825
2022 $10,498 $860,716 $679,515 $181,201
2021 $10,080 $843,841 $666,192 $177,649
2019 $9,717 $819,115 $646,434 $172,681
2018 $9,799 $803,060 $633,759 $169,301
2016 $9,479 $771,590 $609,150 $162,440
2015 $9,372 $760,000 $600,000 $160,000
2014 $9,518 $773,214 $488,945 $284,269
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23002878

California Regional Multiple Listing Service (CRMLS)
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