NOT LISTED FOR SALE
1 Bed
1 Bath
2,136 Sq Ft
6,863 Sq Ft Lot

Sale Details

Date Sold: June 12, 2015

Last sale price $850,000 $398 Per Sq Ft

37 Days on Market

Highlights

  • Corner Lot
  • Whole House Fan
  • Wood Fence
  • No HOA
  • Tile Countertops
  • Carpet

About This Home

As of June 2015

This property is a Charming Triplex located in Westchester, CA. Located in a neighborhood with new construction and development throughout. Close to LAX, Shopping, restaurants, transportation. Great opportunity for developers and investors!!!! The property next door after developed sold for over 2 million in March, Check MLS # PV14022642. Corner Lot with endless possibilities.

Last Agent to Sell the Property

Demitre Simpson

Summit Realty Group License #01442985 Listed on: 11/01/2014

Summit Realty Group

Last Buyer's Agent

Justin Dae

Keller Williams Encino/Sherman Oaks License #01519849

Keller Williams Encino/Sherman Oaks
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,863 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wood Fence
  • Corner Lot
  • Back and Front Yard

Parking

  • 3 Car Garage

Interior Spaces

  • 2,136 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Utilities

  • Whole House Fan
  • Wall Furnace
  • Phone Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 148
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125015021

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $2,000
  • Professional Management Expense $3,024
  • Water Sewer Expense $1,440
  • New Taxes Expense $4,711
  • Gross Income $3,625
  • Net Operating Income $32,325

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

6,863 Sq Ft Lot

Parking

3

Listing Details

  • Professional Management Expense: 3024.00
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 4125015021
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Levels: Two

Exterior Features

  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Stackable, Washer Hookup
  • Water Source: Public
  • Cooling: Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, Front Yard, Corner Lot
  • Lot Size Sq Ft: 6863.00
  • Price Per Lot Square Foot: 123.85
  • Lot Size Acres: 0.1580

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 3625.00
  • Gross Scheduled Income: 43500.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6863.0000 Square Feet
  • Net Operating Income: 32325.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Patio: 1
  • Operating Expense: 11175.00
  • Rent Control: Yes
  • Total Actual Rent: 3625.00

Tax Info

  • New Taxes Expense: 4711.00
  • Tax Lot: 148
  • Tax Tract Number: 15283
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2014
Closed on
Jun 3, 2015
Sold by
Bought by
Seller's Agent
Demitre Simpson
Summit Realty Group
Buyer's Agent
Justin Dae
Keller Williams Encino/Sherman Oaks
List Price
$800,000
Sold Price
$850,000
Premium/Discount to List
$50,000
6.25%

Purchase Details

Closed on
Jan 16, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,391
Interest Rate
7.41%

Purchase Details

Closed on
Aug 30, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 15, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Westchester, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title
$850,000 Pacific Coast Title
$303,500 Commonwealth Title
$220,431 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $650,000
Previous Owner $150,000
Previous Owner $310,400
Previous Owner $25,000
Previous Owner $303,391
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/12/2015 06/12/15 Sold $850,000 +6.3% $398 / Sq Ft
12/08/2014 12/08/14 Pending -- -- --
11/01/2014 11/01/14 For Sale $800,000 -- $375 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $692 $1,154,857 $661,012 $493,845
2024 $704 $1,132,213 $648,051 $484,162
2023 $708 $1,110,014 $635,345 $474,669
2022 $805 $1,088,250 $622,888 $465,362
2021 $13,321 $1,066,913 $610,675 $456,238
2019 $12,593 $1,035,269 $592,563 $442,706
2018 $12,499 $1,014,971 $580,945 $434,026
2016 $10,523 $862,962 $558,387 $304,575
2015 $4,766 $379,879 $265,794 $114,085
2014 $4,802 $372,439 $260,588 $111,851
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14234020

California Regional Multiple Listing Service (CRMLS)

APN: 4125-015-021

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