NOT LISTED FOR SALE

Estimated Value: $739,000 - $1,184,000

8 Beds
4 Baths
3,072 Sq Ft
$309/Sq Ft Est. Value

Last Sold September 14, 2012

Last sale price $340,000 $111 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $5,658/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Tile Flooring
  • Heating System Uses Natural Gas

About This Home

As of September 2012

4 fully rented bread and butter units. Newer roof and apartment interior's. All units individualy metered for gas and electricity. There are no City of LA housing violations and this property is running at 100%. Ample parking in the back of the property for all units.

Last Agent to Sell the Property

Jose Reyes

Keller Williams Realty License #01728066 Listed on: 08/11/2012

Keller Williams Realty

Last Buyer's Agent

Jose Reyes

Keller Williams Realty License #01728066 Listed on: 08/11/2012

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,926

Year Built

  • Built in 1963

Lot Details

  • 4,111 Sq Ft Lot
  • Property fronts an alley

Home Design

  • 3,072 Sq Ft Home
  • Contemporary Architecture
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Lot

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 301
  • Tax Tract Number 7421
  • Assessor Parcel Number 6043005015

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $75
  • Insurance Expense $150
  • Maintenance Expense $65
  • Trash Expense $100
  • Water Sewer Expense $200
  • New Taxes Expense $4,420
  • Gross Income $3,900
  • Net Operating Income $35,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,926

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 10.46
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 200.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 6043005015
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 110.68

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Parking Space
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range, Refrigerator
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 100.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4111.00
  • Lot Size Acres: 0.0940

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 768
  • Electric Expense: 75.00
  • Gross Income: 3900.00
  • Gross Multiplier: 7.25
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 150.00
  • Lot Size Area: 4111.0000 Square Feet
  • Maintenance Expense: 65.00
  • Net Operating Income: 35511.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number With Refrigerator: 4
  • Operating Expense: 8949.00
  • Operating Expense Percent: 19.00
  • Vacancy Allowance: 2340
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4420.00
  • Tax Area: 460
  • Tax Lot: 301
  • Tax Tract Number: 7421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2012
Closed on
Aug 24, 2012
Sold by
Jiaxi Management Llc
Bought by
Munoz Salvador and Giselle & Melanie Revocable Trust
Seller's Agent
Jose Reyes
Keller Williams Realty
Buyer's Agent
Jose Reyes
Keller Williams Realty
List Price
$339,500
Sold Price
$340,000
Premium/Discount to List
$500
0.15%
Current Estimated Value
$949,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$609,743
Avg. Annual Appreciation
7.93%

Purchase Details

Closed on
Jul 28, 2011
Sold by
Tristream Management Llc
Bought by
Jiaxi Management Llc

Purchase Details

Closed on
Jan 20, 2011
Sold by
Alvarado Julio A and Alvarado Maria E
Bought by
Tristream Management L L C

Purchase Details

Closed on
Sep 13, 2005
Sold by
Ron Mario and Alvarado Julio
Bought by
Alvarado Julio A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
7.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2005
Sold by
Murillo Julian
Bought by
Excellence Investments Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2005
Sold by
Ron Mario
Bought by
Ron Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2005
Sold by
Excellence Investments Partnership
Bought by
Ron Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2004
Sold by
Mumford Bonnie
Bought by
Watson Darnell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 2004
Sold by
Murillo Monica
Bought by
Murillo Julian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2004
Sold by
Capizza Vincent A and Watson Darnell
Bought by
Murillo Julian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2004
Sold by
Sheppard Billy
Bought by
Capizzi Vincent A

Purchase Details

Closed on
Apr 11, 1996
Sold by
Sheppard Billy B
Bought by
Sheppard Billy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.41%
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
Munoz Salvador $340,000 First American Title Company
Jiaxi Management Llc $300,000 Advantage Title Inc
Tristream Management L L C $247,000 None Available
Alvarado Julio A -- Orange Coast Title Company
Excellence Investments Partnership -- Fidelity National Title
Ron Mario -- --
Ron Mario $495,000 Fidelity National Title
Watson Darnell -- Chicago Title Company
Murillo Julian -- Chicago Title Company
Murillo Julian $420,000 Chicago Title Company
Capizzi Vincent A $108,000 --
Sheppard Billy -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alvarado Julio A $522,000
Previous Owner Ron Mario $445,500
Previous Owner Murillo Julian $336,000
Previous Owner Sheppard Billy $200,000
Previous Owner Sheppard Billy $50,000
Previous Owner Sheppard Billy $154,000
Closed Murillo Julian $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2012 09/14/12 Sold $340,000 +0.1% $111 / Sq Ft
08/20/2012 08/20/12 Pending -- -- --
08/11/2012 08/11/12 For Sale $339,500 -- $111 / 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 $5,926 $418,674 $209,337 $209,337
2024 $5,926 $410,466 $205,233 $205,233
2023 $5,821 $402,418 $201,209 $201,209
2022 $5,578 $394,528 $197,264 $197,264
2021 $5,495 $386,794 $193,397 $193,397
2019 $5,340 $375,322 $187,661 $187,661
2018 $5,248 $367,964 $183,982 $183,982
2016 $4,988 $353,678 $176,839 $176,839
2015 $4,914 $348,366 $174,183 $174,183
2014 $4,940 $341,542 $170,771 $170,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S708382

California Regional Multiple Listing Service (CRMLS)

APN: 6043-005-015