NOT LISTED FOR SALE

Estimated Value: $828,000 - $1,104,000

8 Beds
4 Baths
2,226 Sq Ft
$431/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $800,000 $359 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,049/month

23 Days on Market

About This Home

As of July 2021

Built-in 1962, it features four 2 bedroom and 1 bathroom units. Perfect for first-time buyers and investors! All units occupied very low rents. Units are in good condition with room for upgrades, and there is adequate parking. The property is situated within an investor-friendly neighborhood. Conveniently located next to the 110 FWY. Expertly maintained investment property in a high demand area near the new Los Angeles RAMS Sofi Stadium! This property is centrally located to work and play. Less than 15 minutes to LAX; 20 minutes to the beach, Torrance, DTLA, Venice Beach, and more! All tenants on month to month leases! Value add opportunity - room to increase rents! Square footage is estimated, the agent makes no warranties.

Last Agent to Sell the Property

Sondra Quiroz

L&M Investment Inc. License #01345532 Listed on: 02/06/2021

L&M Investment Inc.

Last Buyer's Agent

Ernestine Crews

Ernestine Crews License #01013911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,396

Year Built

  • Built in 1962

Lot Details

  • 4,998 Sq Ft Lot

Interior Spaces

  • 2,226 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway
  • Assigned Parking

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 6032-008-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,396

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Drive-by only. By Appointment Only. Offer subject to interior inspection. Don't Disturb Tenants. They are unaware of the sale.
  • Living Area: 2226
  • Lot Acreage: 0.1147
  • Probate: No
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 370.62

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - None, Assigned, Driveway
  • Total Parking: 4

Utilities

  • Water Expense: 4200.00

Fee Information

  • Insurance Expense: 2200.00

Lot Info

  • Assessed Improvement Percent: 19.49
  • Assessed Improvement Value: 48805
  • Assessed Land Percent: 80.51
  • Assessed Land Value: 201595
  • Total Assessed Value: 250400
  • Assessor Parcel Number: 6032-008-029
  • Lot Size Area: 4998

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 58824.00
  • Number Of Units: 4
  • Total Annual Expense: 8200
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 1800.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2021
Closed on
May 14, 2021
Sold by
Harper Eddie
Bought by
Ejimole Ugonna and Madu Betty
Seller's Agent
Sondra Quiroz
L&M Investment Inc.
Buyer's Agent
Ernestine Crews
Ernestine Crews
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%
Current Estimated Value
$958,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,642
Avg. Annual Appreciation
3.29%
Original Mortgage
$785,510
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 2012
Sold by
Gutierrez Elvia
Bought by
Harper Eddie

Purchase Details

Closed on
Jan 9, 2007
Sold by
Sanchez Roberto
Bought by
Gutierrez Elvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 16, 2006
Sold by
Sanchez Maria De Jesus
Bought by
Sanchez Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,650
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 20, 2006
Sold by
Vanbeekom Claudia K
Bought by
Sanchez Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,650
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 23, 2005
Sold by
Vanbeekom Scott F
Bought by
Vanbeekom Claudia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 28, 2005
Sold by
Washington Janis Mcgee
Bought by
Vanbeekon Claudia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 25, 2002
Sold by
Washington Tabb
Bought by
Mcgee Janis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.78%

Purchase Details

Closed on
Mar 4, 2002
Sold by
Family Renewal Development Center Inc
Bought by
Mcgee Janis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.78%

Purchase Details

Closed on
Aug 21, 2001
Sold by
Hud
Bought by
Family Renewal Development Center Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,300
Interest Rate
6.73%

Purchase Details

Closed on
May 24, 2001
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Dec 29, 2000
Sold by
King Steven
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Sep 14, 1999
Sold by
West City Properties Inc
Bought by
King Steven and Standifer Ammana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,841
Interest Rate
7.95%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 1999
Sold by
Fierro Joseph
Bought by
West City Properties Inc

Purchase Details

Closed on
Sep 3, 1998
Sold by
Smith Warren D
Bought by
Fierro Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
4.35%
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
Ejimole Ugonna $800,000 Lawyers Title Company
Harper Eddie $236,000 None Available
Gutierrez Elvia $650,000 Investors Title Company
Sanchez Roberto -- None Available
Sanchez Roberto $636,818 Fidelity Van Nuys
Vanbeekom Claudia K -- First American Title Co
Vanbeekon Claudia K $550,000 First American Title Co
Mcgee Janis -- Stewart Title
Mcgee Janis $260,000 Stewart Title
Family Renewal Development Center Inc $190,000 Stewart Title
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $283,635 First American Title Ins Co
King Steven $264,000 Benefit Land Title Company
West City Properties Inc -- Benefit Land Title Company
Fierro Joseph $120,000 Landsafe Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ejimole Ugonna $785,510
Previous Owner Harper Eddie $200,000
Previous Owner Gutierrez Elvia $520,000
Previous Owner Gutierrez Elvia $25,000
Previous Owner Gutierrez Elvia $65,000
Previous Owner Gutierrez Elvia $520,000
Previous Owner Sanchez Roberto $63,650
Previous Owner Sanchez Roberto $509,200
Previous Owner Vanbeekon Claudia K $440,000
Previous Owner Mcgee Janis $234,000
Previous Owner Family Renewal Development Center Inc $194,300
Previous Owner King Steven $261,841
Previous Owner Fierro Joseph $96,000
Closed Mcgee Janis $13,000
Closed Vanbeekon Claudia K $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $800,000 -3.0% $359 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/06/2021 02/06/21 For Sale $825,000 -- $371 / 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 $10,396 $848,965 $742,845 $106,120
2024 $10,396 $832,320 $728,280 $104,040
2023 $10,201 $816,000 $714,000 $102,000
2022 $9,737 $800,000 $700,000 $100,000
2021 $3,548 $268,475 $216,148 $52,327
2020 $3,579 $265,723 $213,932 $51,791
2019 $3,450 $260,514 $209,738 $50,776
2018 $3,383 $255,407 $205,626 $49,781
2016 $3,221 $245,492 $197,643 $47,849
2015 $3,178 $241,806 $194,675 $47,131
2014 $3,216 $237,070 $190,862 $46,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-690290

The MLS

APN: 6032-008-029