NOT LISTED FOR SALE

Estimated Value: $788,000 - $978,387

6 Beds
4 Baths
2,265 Sq Ft
$388/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $860,000 $380 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,756/month

76 Days on Market

Highlights

  • Gated Community
  • Double Door Entry
  • Park
  • Granite Countertops
  • Crown Molding
  • Laundry Room

About This Home

As of August 2021

Back on the Market. The Buyer did not perform. Property received multiple counters offers significantly above asking. One two-bedroom is ready for the new owner to move in and delivered vacant.

The Vermont Vista Quadruplex is located three miles from Sofi Stadium, and centrally located in Los Angeles near downtown and the beaches.
The property is well maintained and remodeled recently. (Pride of Ownership) The property consists of two spacious 1 bedroom and 1 bath units and two 2 bedrooms and 1 bath units. All units are equipped with washer and dryer hook-ups and a microwave. There are three one-car garages and one carport. Tandem parking in front of each parking space is possible for additional parking.

Recent upgrades include flooring, all fixtures, roof, electrical, and copper plumbing. The property is ready to meter water separately for additional income.

Last Agent to Sell the Property

xRudy Zuniga

Loan Advisor Group License #01489677 Listed on: 05/15/2021

Last Buyer's Agent

Daniel Cuevas

Romeo Echo

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,289

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 6,313 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot

Parking

  • 3 Car Garage
  • 5 Open Parking Spaces
  • Parking Available

Home Design

  • Property Attached
  • Raised Foundation

Interior Spaces

  • 2,265 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Double Door Entry
  • Fire and Smoke Detector
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 2
  • Tax Tract Number 3919
  • Assessor Parcel Number 6039014026

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Park

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $786
  • Insurance Expense $1,242
  • Water Sewer Expense $2,179
  • New Taxes Expense $10,362
  • Operating Expense $16,040
  • Gross Income $77,112
  • Net Operating Income $61,072

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,289

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • CapRate: 7.30
  • Price Per Unit: 207250
  • Property Attached: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Water Sewer Expenses: 2179.00
  • Zoning: LARD1.5
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 786.00
  • Parcel Number: 6039014026
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Crown Molding, Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Door Features: Double Door Entry
  • Levels: One
  • Price Per Square Foot: 379.69
  • Room Type: Laundry

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size Sq Ft: 6313.00
  • Lot Size Acres: 0.1449

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 77112.00
  • Gross Operating Income: 77112.00
  • Gross Scheduled Income: 77112.00
  • Insurance Expense: 1242.00
  • Lot Size Area: 6313.0000 Square Feet
  • Net Operating Income: 61072.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 16040.00
  • Rent Control: Yes
  • Total Actual Rent: 65975.00
  • Total Expenses: 16040.00

Tax Info

  • New Taxes Expense: 10362.00
  • Tax Census Tract: 2404.01
  • Tax Lot: 2
  • Tax Tract Number: 3919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2021
Closed on
Aug 24, 2021
Sold by
Schipe D
Bought by
Cuevas Daniel and Cuevas Cynthia
Seller's Agent
xRudy Zuniga
Loan Advisor Group
Buyer's Agent
Daniel Cuevas
Romeo Echo
List Price
$829,000
Sold Price
$860,000
Premium/Discount to List
$31,000
3.74%
Total Days on Market
76
Current Estimated Value
$879,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,347
Avg. Annual Appreciation
0.56%
Original Mortgage
$860,000
Outstanding Balance
$784,240
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$95,107

Purchase Details

Closed on
Aug 16, 2012
Sold by
Salone Loraine
Bought by
Fhboa 2012 Series 08-1

Purchase Details

Closed on
Dec 6, 2011
Sold by
Salone Loraine
Bought by
U S Bank National Association

Purchase Details

Closed on
Dec 10, 2002
Sold by
Oliver Reynaldo and Gonzalez Ma Elena
Bought by
Salone Loraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,245
Interest Rate
5.72%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 29, 1994
Sold by
Fernandez Martin and Fernandez Ines
Bought by
Olivera Reynaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,553
Interest Rate
8.37%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Cuevas Daniel $860,000 Commonwealth Land Ttl Ins Co
Fhboa 2012 Series 08-1 -- None Available
U S Bank National Association $204,000 Accommodation
Salone Loraine $243,081 Chicago Title Co
Olivera Reynaldo $175,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuevas Daniel $860,000
Previous Owner Salone Loraine $496,000
Previous Owner Salone Loraine $124,000
Previous Owner Salone Loraine $532,500
Previous Owner Salone Loraine $438,300
Previous Owner Salone Loraine $369,750
Previous Owner Salone Loraine $300,380
Previous Owner Salone Loraine $276,000
Previous Owner Salone Loraine $239,245
Previous Owner Olivera Reynaldo $171,839
Previous Owner Olivera Reynaldo $170,553
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $860,000 +3.7% $380 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $829,000 0.0% $366 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/15/2021 05/15/21 For Sale $829,000 +348.1% $366 / Sq Ft
11/16/2012 11/16/12 Sold $185,000 -4.1% $82 / Sq Ft
10/17/2012 10/17/12 Pending -- -- --
08/27/2012 08/27/12 For Sale $192,900 -- $85 / 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 $11,289 $912,638 $827,742 $84,896
2024 $11,289 $894,744 $811,512 $83,232
2023 $11,080 $877,200 $795,600 $81,600
2022 $10,581 $860,000 $780,000 $80,000
2021 $3,010 $210,457 $159,266 $51,191
2020 $3,034 $208,300 $157,633 $50,667
2019 $2,933 $204,217 $154,543 $49,674
2018 $2,816 $200,213 $151,513 $48,700
2016 $2,681 $192,441 $145,631 $46,810
2015 $2,647 $189,551 $143,444 $46,107
2014 $2,685 $185,839 $140,635 $45,204
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21104236

California Regional Multiple Listing Service (CRMLS)

APN: 6039-014-026