NOT LISTED FOR SALE
8 Beds
8 Baths
4,312 Sq Ft
7,487 Sq Ft Lot

Last Sold October 30, 2014

Last sale price $1,035,000 $240 Per Sq Ft

1 Day on Market

About This Home

As of October 2014

Twin Building with 4 single garage parking and 4 open space parkings. Super location, walking distance to China Town. Closed to Dodger's Stadium, City plan to redeveloping area. 8 units apartment, all 1 bedroom and 1 bath, long term tenants. Good Rental Area. Newer roof, installed several years ago. Property being sold in "As-Is" condition, seller will not do any repair.

Owner is occupying one unit, he purposely leave the other vacant units for new owner to lease, very easy to lease, dozen of tenants want to move in.

Last Agent to Sell the Property

Katie Yau

Pinnacle Real Estate Group License #01824795 Listed on: 10/08/2014

Pinnacle Real Estate Group

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,487 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,312 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 1977
  • Assessor Parcel Number 5406017025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,400
  • Maintenance Expense $1,200
  • Trash Expense $25
  • Water Sewer Expense $30
  • New Taxes Expense $12,420
  • Gross Income $3,540
  • Net Operating Income $26,801

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 30.00
  • Property Type: Residential Income
  • Parcel Number: 5406017025
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 240.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 25.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7487.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3540.00
  • Gross Scheduled Income: 42481.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 7487.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 26801.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 8
  • Operating Expense: 15680.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 12420.00
  • Tax Lot: 6
  • Tax Tract Number: 1977
  • Tax Year: 2013

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2014 10/30/14 Sold $1,035,000 0.0% $240 / Sq Ft
10/09/2014 10/09/14 Pending -- -- --
10/08/2014 10/08/14 For Sale $1,035,000 -- $240 / 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 $15,723 $1,243,906 $781,199 $462,707
2024 $15,723 $1,219,517 $765,882 $453,635
2023 $15,433 $1,195,606 $750,865 $444,741
2022 $14,746 $1,172,164 $736,143 $436,021
2021 $14,557 $1,149,181 $721,709 $427,472
2019 $14,140 $1,115,097 $700,303 $414,794
2018 $13,982 $1,093,233 $686,572 $406,661
2016 $13,316 $1,050,783 $659,912 $390,871
2015 $13,129 $1,035,000 $650,000 $385,000
2014 $4,469 $296,866 $90,760 $206,106
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14216508

California Regional Multiple Listing Service (CRMLS)