NOT LISTED FOR SALE

Estimated Value: $1,046,000 - $1,479,704

2 Beds
2 Baths
1,236 Sq Ft
$1,004/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $1,000,000 $809 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,818/month

127 Days on Market

Highlights

  • Traditional Architecture
  • Lawn
  • Double Pane Windows
  • Ground Level Unit
  • Fenced Yard
  • Open Patio

About This Home

As of August 2021

First time on the market in more than 50 years! Well-maintained, mid-century duplex (2-1 bedroom/1 bath units) located in the highly desirable community of Westchester. The front unit is VACANT! Perfect for an owner-user! Sitting on a spacious 6000 sq ft lot with a coveted backyard, the duplex is only minutes from LAX, Playa Vista, Marina del Rey with shopping and restaurants close by! This property is a true GEM and makes a great addition to any investor portfolio including a 1031 exchange. Property can be a buy & hold for years with upside potential asset appreciation on the current strong local demand. Back unit tenant is month to month. Please do not walk the property or disturb the tenant.

Last Agent to Sell the Property

M Michelle Berg

Surterre Properties Inc. License #01993627 Listed on: 03/01/2021

Surterre Properties Inc.

Last Buyer's Agent

Tiffany McGuinness

Estate Properties License #01947654

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,798

Year Built

  • Built in 1943

Lot Details

  • 6,000 Sq Ft Lot
  • East Facing Home
  • Fenced Yard
  • Front and Back Yard Sprinklers
  • Lawn

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Raised Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,236 Sq Ft Home
  • Double Pane Windows
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in Kitchen
  • Gas Dryer Hookup

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater

Additional Features

  • Open Patio
  • Ground Level Unit

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 4107-019-017

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • Vacancy Allowance $1,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,798

Year Built

Built in 1943

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Ground Level
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: First time on the market in more than 50 years! Well-maintained, mid-century duplex (2-1 bedroom/1 bath units) located in the highly desirable community of Westchester. The front unit is VACANT! Perfect for an owner-user! Sitting on a spacious 6000 sq ft lot with a coveted backyard, the duplex is only minutes from LAX, Playa Vista, Marina del Rey with shopping and restaurants close by! This property is a true GEM and makes a great addition to any investor portfolio including a 1031 exchange. Property can be a buy & hold for years with upside potential asset appreciation on the current strong local demand. Back unit tenant is month to month. Please do not walk the property or disturb the tenant.
  • Alley: No
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Exclusions: Appliances- tenant owned
  • Living Area: 1236
  • Lot Acreage: 0.1378
  • Probate: No
  • Year Built: 1943
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Common Walls: Attached
  • Laundry: In Kitchen
  • Total Bathrooms: 2.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 808.25
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Number Patio: 1
  • Patio: Patio Open
  • Paved: Yes
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Number Rented Garages: 1
  • Parking Garage: Garage - 2 Car, Driveway - Concrete

Utilities

  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 1
  • Security: Smoke Detector
  • Sewer: In Connected and Paid
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Front, Rear
  • Additions Alterations: No
  • Assessed Improvement Percent: 33.11
  • Assessed Improvement Value: 21943
  • Assessed Land Percent: 66.89
  • Assessed Land Value: 44334
  • Total Assessed Value: 66277
  • Assessor Parcel Number: 4107-019-017
  • Lot Description: Lawn, Front Yard, Fenced Yard, Yard
  • Lot Size Area: 6000

Rental Info

  • Total Actual Rent: 17186.64
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 52.31
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 5069
  • Type Of Units: Duplex
  • Vacancy Allow: 1700
  • Vacancy Rate: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Aug 5, 2021
Sold by
Packey Joseph S and Packey Janice R
Bought by
Bui Alexander Quang Trung and Bui Jacqueline Thanh
Seller's Agent
M Michelle Berg
Surterre Properties Inc.
Buyer's Agent
Tiffany McGuinness
Estate Properties
List Price
$899,000
Sold Price
$1,000,000
Premium/Discount to List
$101,000
11.23%
Current Estimated Value
$1,241,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,426
Avg. Annual Appreciation
5.46%
Original Mortgage
$966,625
Outstanding Balance
$884,007
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$357,419

Purchase Details

Closed on
Feb 4, 2005
Sold by
Packey Joseph S and Packey Janice R
Bought by
Packey Joseph S
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
Bui Alexander Quang Trung $1,000,000 Progressive Title Company
Packey Joseph S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bui Alexander Quang Trung $966,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $1,000,000 +0.1% $809 / Sq Ft
07/07/2021 07/07/21 Price Changed $999,000 +11.1% $808 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $899,000 0.0% $727 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $899,000 -- $727 / 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 $12,798 $1,061,207 $848,966 $212,241
2024 $12,798 $1,040,400 $832,320 $208,080
2023 $12,554 $1,020,000 $816,000 $204,000
2022 $11,974 $1,000,000 $800,000 $200,000
2021 $1,142 $71,058 $47,533 $23,525
2020 $1,149 $70,330 $47,046 $23,284
2019 $1,115 $68,952 $46,124 $22,828
2018 $1,048 $67,601 $45,220 $22,381
2016 $996 $64,978 $43,465 $21,513
2015 $984 $64,003 $42,813 $21,190
2014 $1,004 $62,750 $41,975 $20,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-699502

The MLS

APN: 4107-019-017