NOT LISTED FOR SALE

8416 Wiley Post Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,033,000 - $1,508,200

2 Beds
2 Baths
1,216 Sq Ft
$987/Sq Ft Est. Value

Last Sold April 25, 2018

Last sale price $890,000 $732 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $7,913/month

9 Days on Market

About This Home

As of April 2018

This is a great opportunity to own a duplex with a large R2 lot in the Westchester-Nielson Neighborhood north of Manchester Ave between Westport Heights and Osage. The property offers 2 one bedroom / one bath units with hardwood floors, dual pane windows, laundry in units, and a large backyard with fruit trees. There is a 2 car garage with a long driveway and off street parking. This property is close to Playa Del Rey, Playa Vista, Marina Del Rey, Loyola Marymount University, the Howard Hughes Center, Downtown Culver City, LAX, the beaches, and so much more. One of the units is vacant and available for viewing.

Last Agent to Sell the Property

Rod Vargas

Tierra Properties License #01792503 Listed on: 02/27/2018

Last Buyer's Agent

Maryam Majnoonian

Compass License #01862215

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,013

Year Built

  • Built in 1943

Lot Details

  • 7,954

Home Design

  • Duplex

Interior Spaces

  • 1,216 Sq Ft Home
  • 1-Story Property
  • Oven or Range
  • Stacked Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Car Attached Garage
  • Driveway

Additional Features

  • 7,954 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4107-019-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,013

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1216
  • Stories: 1
  • Year Built: 1943
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator, Stackable W/D Hookup
  • Price Per S Q F T: 731.91

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway, Garage - 2 Car, Garage Is Detached
  • Total Parking: 2

Utilities

  • Heating: Wall Gas
  • Water Expense: 2720.00

Fee Information

  • Insurance Expense: 439.00
  • Maintenance Expense: 792.00

Lot Info

  • Assessed Improvement Value: 165738
  • Assessed Land Value: 500830
  • Assessor Parcel Number: 4107-019-007
  • Geocode Override: No
  • Lot Size Area: 7954

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: duplex
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2021
Sold by
Singh Manjit and Kaur Jagjit
Bought by
Singh Manjit and The Manjit Singh And Babbu Liv
Current Estimated Value
$1,268,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,000
Outstanding Balance
$467,481
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$732,569

Purchase Details

Closed on
Jul 6, 2018
Sold by
Singh Manjit and Kaur Jagjit
Bought by
Singh Manjit and The Manjit Singh And Babbu Liv

Purchase Details

Listed on
Feb 27, 2018
Closed on
Apr 9, 2018
Sold by
Vargas Irma R
Bought by
Singh Manjit and Kaur Jagjit
Seller's Agent
Rod Vargas
Tierra Properties
Buyer's Agent
Maryam Majnoonian
Compass
List Price
$890,000
Sold Price
$890,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.17%
Original Mortgage
$534,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2004
Sold by
Vargas John
Bought by
Vargas Irma R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2004
Sold by
Pinho Alan and Pinho Linda
Bought by
Vargas Irma R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2000
Sold by
Lovrich Mike L and Lovrich Candace M
Bought by
Pinho Alan and Pinho Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.22%

Purchase Details

Closed on
Aug 12, 1999
Sold by
Viana Guido F and Cedillos Delva P
Bought by
Chapa Delva E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,350
Interest Rate
7.56%

Purchase Details

Closed on
Aug 6, 1999
Sold by
Chapa Delva
Bought by
Lovrich Mike L and Lovrich Candace M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,350
Interest Rate
7.56%

Purchase Details

Closed on
Jun 7, 1993
Sold by
Chapa Ricardo
Bought by
Chapa Delva
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
Singh Manjit -- Wfg National Title Ins Co
Singh Manjit -- Wfg National Title Ins Co
Singh Manjit -- None Available
Singh Manjit $890,000 North American Title Company
Vargas Irma R -- Equity Title Company
Vargas Irma R $555,000 Equity Title Company
Pinho Alan $258,000 Fidelity National Title Co
Chapa Delva E -- Fidelity Title
Lovrich Mike L $236,500 Fidelity National Title Co
Chapa Delva -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Manjit $513,000
Closed Singh Manjit $534,000
Previous Owner Vargas Irma R $416,250
Previous Owner Pinho Alan $155,075
Previous Owner Pinho Alan $100,000
Previous Owner Lovrich Mike L $177,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2018 04/25/18 Sold $890,000 0.0% $732 / Sq Ft
03/08/2018 03/08/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $890,000 -- $732 / 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 $12,013 $992,807 $725,085 $267,722
2024 $12,013 $973,341 $710,868 $262,473
2023 $11,785 $954,257 $696,930 $257,327
2022 $11,243 $935,547 $683,265 $252,282
2021 $11,106 $917,204 $669,868 $247,336
2020 $11,220 $907,800 $663,000 $244,800
2019 $10,776 $890,000 $650,000 $240,000
2018 $8,398 $679,898 $510,846 $169,052
2016 $8,037 $653,499 $491,010 $162,489
2015 $7,921 $643,684 $483,635 $160,049
2014 $7,958 $631,076 $474,162 $156,914
Source: Public Records

Agents Affiliated with this Home

  • Rod Vargas

    Seller's Agent in 2018

    Rod Vargas

    Tierra Properties

    (310) 925-7492

    2 in this area

    16 Total Sales

    Section Image
  • Maryam Majnoonian

    Buyer's Agent in 2018

    Maryam Majnoonian

    Compass

    (310) 405-9089

    4 in this area

    21 Total Sales

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Map

Source: The MLS

MLS Number: 18-317750

The MLS

APN: 4107-019-007

California Los Angeles County Los Angeles 90045 Westchester

8416 Wiley Post Ave, Los Angeles, CA

This home is located at 8416 Wiley Post Ave, Los Angeles, CA 90045 since 27 February 2018 and is currently estimated at $1,200,050, approximately $986 per square foot. This property was built in 1943. 8416 Wiley Post Ave is a home located in Los Angeles County with nearby schools including Westport Heights Elementary, Wright Middle School STEAM Magnet, and Westchester Enriched Sciences Magnets.

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