NOT LISTED FOR SALE

8625 S Vermont Ave Los Angeles, CA 90044

Estimated Value: $970,153 - $1,039,000

2 Beds
8 Baths
6,216 Sq Ft
$162/Sq Ft Est. Value

Last Sold November 24, 2015

Last sale price $710,000 $114 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,513/month

3 Days on Market

Highlights

  • Gated Parking
  • No HOA
  • Double Pane Windows
  • Property is near public transit
  • Skylights
  • Wrought Iron Fence

About This Home

As of November 2015

Estate sale, first time ever in MLS. 6216 sq.ft. 11 unit mixed use building on two 40 x 130 street to alley lot in unincorporated county area. 2nd APN is 6047-003-006. NOT City of L.A., NO rent control. 9 residential units upstairs + 2 large commercial units downstairs. 10,400 sq.ft. of land, 24 car electric gated parking. Dual pane windows, high ceilings throughout, 7 skylights. 100% MPT, units are gutted. Owner had just started remodel then died suddenly. The plan was to convert the downstairs to 7 residential units + a community police station on the corner, and cell towers and a billboard on the roof. On service road west of Vermont, on northwest corner of 87th Street, right next to St. Michael's Catholic School. 1/2 block from future $100 million Vermont Entertainment Village. 4 blocks to Sutton Park and Recreation Center and Manchester Ave Elementary. 2 miles east of mega $ billion 238 acre Hollywood Park Tomorrow and probable NFL stadium.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 10/16/2015

Last Buyer's Agent

Timothy Hahn

Nordine Realtors, Inc. License #01708266

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,058

Year Built

  • Built in 1927

Lot Details

  • 10,400 Sq Ft Lot
  • Lot Dimensions are 80 x 130
  • No Common Walls
  • East Facing Home
  • Wrought Iron Fence

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Frame Construction
  • Synthetic Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6,216 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Double Pane Windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 8 Bathrooms

Parking

  • 48 Parking Spaces
  • Parking Available
  • Gated Parking

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 6047003007

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,058

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: LCC3YY
  • Property Type: Residential Income
  • Parcel Number: 6047003007
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 114.22
  • Window Features: Double Pane Windows, Skylight(s)

Exterior Features

  • Direction Faces: East
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Flat, Synthetic
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 48.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size: 80 x 130
  • Lot Size Sq Ft: 10400.00
  • Price Per Lot Square Foot: 68.27
  • Lot Size Acres: 0.2390

Multi Family

  • Lot Size Area: 10400.0000 Square Feet
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Rent Control: No

Tax Info

  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2019
Sold by
Sola Real Estate Fund I Llc
Bought by
Sola Real Estate Fund I Llc
Current Estimated Value
$1,163,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Outstanding Balance
$1,148,376
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
-$143,799

Purchase Details

Listed on
Oct 16, 2015
Closed on
Nov 16, 2015
Sold by
Blackstone Financial Advisors Lp
Bought by
Sola Real Estate Fund I Llc
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Timothy Hahn
Nordine Realtors, Inc.
List Price
$700,000
Sold Price
$710,000
Premium/Discount to List
$10,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.56%

Purchase Details

Listed on
Oct 16, 2015
Closed on
Oct 26, 2015
Sold by
Blackstone Financial Advisors Lp
Bought by
Nordine Leo
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Timothy Hahn
Nordine Realtors, Inc.
List Price
$700,000
Sold Price
$710,000
Premium/Discount to List
$10,000
1.43%

Purchase Details

Closed on
Jan 9, 2015
Sold by
Loryjor Investment Corporation
Bought by
Blackston Financial Advisors Lp

Purchase Details

Closed on
Jul 28, 2009
Sold by
Hollywood Medical Staffing Inc
Bought by
The Crickett Corporation

Purchase Details

Closed on
May 13, 2009
Sold by
Loryor Investment Corporation
Bought by
Hollywood Medical Staffing Inc

Purchase Details

Closed on
Jun 1, 2000
Sold by
Klein Vanessa
Bought by
Loryjor Investment Corp

Purchase Details

Closed on
Sep 30, 1999
Sold by
Randle Stephen J
Bought by
Klein Vanessa

Purchase Details

Closed on
Nov 21, 1998
Sold by
Trust Williams John C Tr Williams Family
Bought by
Randle Stephen J
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
Sola Real Estate Fund I Llc -- Old Republic Title Company
Sola Real Estate Fund I Llc $710,000 Usa National Title Company
Nordine Leo -- None Available
Blackston Financial Advisors Lp $215,000 Accommodation
The Crickett Corporation -- None Available
Hollywood Medical Staffing Inc $100,000 None Available
Loryjor Investment Corp -- --
Klein Vanessa -- --
Randle Stephen J $165,000 Universal Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sola Real Estate Fund I Llc $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2015 11/24/15 Sold $710,000 +1.4% $114 / Sq Ft
10/19/2015 10/19/15 Pending -- -- --
10/16/2015 10/16/15 For Sale $700,000 -- $113 / 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 $5,058 $366,972 $355,136 $11,836
2024 $5,058 $359,777 $348,173 $11,604
2023 $4,981 $352,724 $341,347 $11,377
2022 $4,766 $345,808 $334,654 $11,154
2021 $4,766 $339,029 $328,093 $10,936
2019 $4,632 $328,974 $318,362 $10,612
2018 $4,496 $322,524 $312,120 $10,404
2016 $4,671 $310,000 $300,000 $10,000
2015 $3,870 $268,504 $257,766 $10,738
2014 $3,874 $263,245 $252,717 $10,528
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Leo Nordine

    Nordine Realtors, Inc.

    Section Image

  • T

    Buyer's Agent in 2015

    Timothy Hahn

    Nordine Realtors, Inc.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15226818

California Regional Multiple Listing Service (CRMLS)

APN: 6047-003-006

California Los Angeles County Los Angeles 90044

8625 S Vermont Ave, Los Angeles, CA

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