NOT LISTED FOR SALE
16 Beds
15 Baths
6,070 Sq Ft
8,100 Sq Ft Lot

Last Sold November 26, 2019

Last sale price $1,294,390 $213 Per Sq Ft

277 Days on Market

About This Home

As of November 2019

PROBATE COURT SALE DATE IS SET AS THERE IS AN ACCEPTED OFFER. VERY NICE 8 UNIT APARTMENT BLDG. VERY CLEAN AND COMFORTABLE. ONE TENANT IS SUBSIDIZED BY SECTION 8, ALL OTHERS PAY INDEPENDENTLY. THE PROPERTY IS UNDER RENT CONTROL. ALL POSSESSED PERMITS AND LICENSES CAN BE PROVIDED UPON REQUEST. THERE ARE NO GARAGES, ONLY PARKING SLOTS, ONE PER UNIT. SEVEN UNITS ARE 2+2 AND THE 8th UNIT IS A 2+1. MANY OF THE TENANTS HAVE RESIDED HERE FOR SEVERAL YEARS. RENTS RECEIVED FOR 7 OF THE 8 UNITS, PER MONTH, EQUAL $7950/mo. THE MONTHLY EXPENSES ARE ABOUT $1470/mo FOR INSURANCE, LICENSE FEES, ELECTRICITY, WATER, GAS AND TRASH PICK UP. COURT CONFIRMATION IS REQUIRED.
AN OFFER HAS BEEN ACCEPTED. DETAILS FOR ATTENDING TO MAKE AN OVERBID:

THE COURT CONFIRMATION SALE DATE IS 7-11-2019 AT 8:30a

THE PROBATE COURT LOCATION IS: 111 NORTH HILL ST, LOS ANGELES, CA, 90012 - DEPT 2D

THE MINIMUM BID YOU CAN MAKE IS $1,454,750.00.

WHATEVER YOUR MAXIMUM BID WILL BE, YOU ARE TO BRING A CASHIER'S CHECK FOR 10% OF THE PURCHASE PRICE AND MAKE IT PAYABLE TO THE "ESTATE OF RICHARD NEWMAN". ALSO, BRING THREE COPIES OF YOUR OFFER ON A PROBATE C.A.R. FORM.

Last Agent to Sell the Property

Michael Green

Michael Green Realty & Inv. License #00981395 Listed on: 12/13/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 8,100 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 6,070 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 15 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tax Lot 199
  • Assessor Parcel Number 6039017054

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $700
  • Insurance Expense $200
  • Professional Management Expense $200
  • Trash Expense $500
  • Water Sewer Expense $700
  • Operating Expense $2,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Other Phone Description: 818 642 5843
  • Professional Management Expense: 200.00
  • Property Attached: No
  • Water Sewer Expenses: 700.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 6039017054
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 213.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, In Closet
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8100.00
  • Lot Size Acres: 0.1860

Multi Family

  • Electric Expense: 700.00
  • Gross Scheduled Income: 95400.00
  • Insurance Expense: 200.00
  • Lot Size Area: 8100.0000 Square Feet
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Rent Control: Yes
  • Total Actual Rent: 7950.00
  • Total Expenses: 2300.00

Tax Info

  • Tax Census Tract: 2404.01
  • Tax Lot: 199

Range of Values:

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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 Change Sq Ft Price
11/26/2019 11/26/19 Sold $1,294,390 +78347.9% $213 / Sq Ft
09/16/2019 09/16/19 Pending -- -- --
08/25/2019 08/25/19 Rented $1,650 0.0% --
08/25/2019 08/25/19 Under Contract -- -- --
08/23/2019 08/23/19 For Rent $1,650 0.0% --
12/13/2018 12/13/18 For Sale $1,599,000 -- $263 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18291202

California Regional Multiple Listing Service (CRMLS)