NOT LISTED FOR SALE

8645 Hervey St Los Angeles, CA 90034

Mid-City Neighborhood

Estimated Value: $1,549,000 - $2,415,000

7 Beds
7 Baths
4,550 Sq Ft
$460/Sq Ft Est. Value

Last Sold August 21, 2014

Last sale price $1,150,000 $253 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $12,783/month

1 Day on Market

Highlights

  • Tandem Parking
  • Intercom
  • Central Heating

About This Home

As of August 2014

Wonderful 4 unit property on the westside. Located in the Culver City/Palms/Beverlywood area of Los Angeles. Unit mix consists of three 3 bedroom/2 bath units and one 1 bed/1 bath unit with 2 parking spaces for each unit. Onsite laundry with copper plumbing, new roof, and updated electrical. Property achieving high rents, but still there is upside in all of the units. Located minutes from Downtown, Culver City, Santa Monica, and the new Expo line. Owner moving out of town, needs to sell quick! His loss is your gain! Don't miss this wonderful opportunity! Turn key investment opportunity.

Last Agent to Sell the Property

Sumit Singh

Sunrise Legend Corporation License #01891231 Listed on: 07/12/2014

Last Buyer's Agent

Talwinder Rana

On It Realty License #01845864

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,840

Year Built

  • Built in 1964

Lot Details

  • 4,988 Sq Ft Lot

Home Design

  • 4,550 Sq Ft Home
  • Quadruplex

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Carport
  • Tandem Parking
  • Assigned Parking

Utilities

  • Central Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5065-008-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,840

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4550
  • Year Built: 1964
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Intercom, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 252.75

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned, Carport, Tandem
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning
  • Electric Expense: 360.00
  • Heating: Central, Wall, Wall Gas
  • Water Expense: 2400.00

Fee Information

  • Gas Expense: 360.00
  • Insurance Expense: 2100.00
  • Maintenance Expense: 1200.00
  • Management Expense: 3600.00

Lot Info

  • Assessed Improvement Value: 172887
  • Assessed Land Value: 57001
  • Assessor Parcel Number: 5065-008-014
  • Geocode Override: No
  • Lot Size Area: 4988

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.33
  • Number Of Units: 4
  • Total Annual Expense: 24995
  • Type Of Units: 4plex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 14375.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2015
Sold by
Rana Kartar
Bought by
Rana Kartar
Current Estimated Value
$2,092,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,950
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2015
Sold by
Rana Kartar
Bought by
8645 Harvey Street Revocable Living Trus

Purchase Details

Listed on
Jul 12, 2014
Closed on
Aug 13, 2014
Sold by
Singh Sumit
Bought by
Rana Kartar
Seller's Agent
Sumit Singh
Sunrise Legend Corporation
Buyer's Agent
Talwinder Rana
On It Realty
List Price
$115,000
Sold Price
$1,150,000
Premium/Discount to List
$1,035,000
900%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%
Original Mortgage
$139,800
Interest Rate
4.1%
Mortgage Type
Unknown

Purchase Details

Listed on
Jan 16, 2014
Closed on
Feb 20, 2014
Sold by
Fowler Marvin E
Bought by
Singh Sumit
Seller's Agent
Zac Freehling
Keller Williams Beverly Hills
Buyer's Agent
Zac Freehling
Keller Williams Beverly Hills
List Price
$1,150,000
Sold Price
$1,145,000
Premium/Discount to List
-$5,000
-0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.95%
Original Mortgage
$244,800
Interest Rate
4.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 12, 2007
Sold by
Fowler Marvin E
Bought by
Fowler Marvin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 2002
Sold by
Fowler Marvin E and Fowler Celina R
Bought by
Fowler Marvin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
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
Rana Kartar -- Title 365
8645 Harvey Street Revocable Living Trus -- None Available
Rana Kartar $1,150,000 None Available
Singh Sumit $1,145,011 Fntc
Fowler Marvin E -- Ticor Title Co Brea Branch
Fowler Marvin E -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rana Kartar $1,336,000
Closed Rana Kartar $1,155,000
Closed Rana Kartar $1,155,000
Closed Rana Kartar $1,056,331
Closed Rana Kartar $1,039,500
Closed Rana Kartar $801,950
Closed Rana Kartar $801,950
Previous Owner Rana Kartar $55,200
Previous Owner Rana Kartar $139,800
Previous Owner Rana Kartar $105,000
Previous Owner Rana Kartar $700,000
Previous Owner Singh Sumit $244,800
Previous Owner Singh Sumit $700,000
Previous Owner Fowler Marvin E $372,000
Previous Owner Fowler Marvin E $100,000
Previous Owner Fowler Marvin E $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2014 08/21/14 Sold $1,150,000 +900.0% $253 / Sq Ft
07/13/2014 07/13/14 Pending -- -- --
07/12/2014 07/12/14 For Sale $115,000 -90.0% $25 / Sq Ft
03/06/2014 03/06/14 Sold $1,145,000 -0.4% $252 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
01/16/2014 01/16/14 For Sale $1,150,000 -- $253 / 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 $16,840 $1,382,117 $961,476 $420,641
2024 $16,840 $1,355,018 $942,624 $412,394
2023 $16,521 $1,328,450 $924,142 $404,308
2022 $15,763 $1,302,403 $906,022 $396,381
2021 $15,552 $1,276,866 $888,257 $388,609
2020 $15,708 $1,263,775 $879,150 $384,625
2019 $15,090 $1,238,996 $861,912 $377,084
2018 $14,980 $1,214,703 $845,012 $369,691
2016 $14,299 $1,167,537 $812,200 $355,337
2015 $14,091 $1,150,000 $800,000 $350,000
2014 $3,229 $230,930 $57,259 $173,671
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Sumit Singh

    Sunrise Legend Corporation

    Section Image
  • Zac Freehling

    Seller's Agent in 2014

    Zac Freehling

    Keller Williams Beverly Hills

    (310) 829-3939

    1 in this area

    16 Total Sales

    Zac Freehling
    Section Image

  • T

    Buyer's Agent in 2014

    Talwinder Rana

    On It Realty

    (310) 666-2522

    2 in this area

    2 Total Sales

    Talwinder Rana
    Section Image
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Map

Source: The MLS

MLS Number: 14-777087

The MLS

APN: 5065-008-014

California Los Angeles County Los Angeles 90034 Mid-City

8645 Hervey St, Los Angeles, CA

This home is located at 8645 Hervey St, Los Angeles, CA 90034 since 12 July 2014 and is currently estimated at $2,092,683, approximately $459 per square foot. This property was built in 1964. 8645 Hervey St is a home located in Los Angeles County with nearby schools including Mark Twain Middle School, Alexander Hamilton Senior High School, and Echo Horizon School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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