NOT LISTED FOR SALE

Estimated Value: $862,508 - $962,000

8 Beds
4 Baths
3,200 Sq Ft
$283/Sq Ft Est. Value

Last Sold August 19, 2024

Last sale price $850,000 $266 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,545/month

43 Days on Market

Highlights

  • Open Floorplan
  • Laundry Room
  • Wall Furnace
  • Property is near public transit
  • Tile Flooring

About This Home

As of August 2024

Excellent Investment Opportunity with Steady Cash Flow! Now with the new price you will get a CAP Rate of 8.03% and a GRM of 12.45, this building houses two units, each with 4 bedrooms and 2 bathrooms. The upstairs and downstairs units both offer perfect-sized kitchens, a laundry area with hookups, private entrances, and ample assigned parking space. The open floor plans make these units feel exceptionally spacious. Currently, both units are occupied by long-term tenants, ensuring a stable income stream. Conveniently located just minutes from downtown Los Angeles, shopping centers, transportation, freeways, and the Metro. Don't miss out on this prime investment! Tenants are responsible for all utilities except for water, sewer, and landscaping. Please refer to the supplement section for the income statements. Additional interior photos, videos and income statements can be emailed upon request.

Last Agent to Sell the Property

Sepide Ashiq

Ashby & Graff Brokerage Phone: 949-899-2732 License #01955300 Listed on: 05/16/2024

Last Buyer's Agent

Chris Lim

Bestway Realty License #01412845

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,132

Year Built

  • Built in 2006

Lot Details

  • 4,315 Sq Ft Lot
  • No Common Walls

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Open Floorplan

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 140
  • Tax Tract Number 7953
  • Assessor Parcel Number 6049031033
  • $665 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $928
  • Professional Management Expense $4,606
  • Water Sewer Expense $2,500
  • New Taxes Expense $11,448
  • Operating Expense $20,578
  • Net Operating Income $46,552

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,132

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Other Phone Description: Cell
  • Other Phone Number: 949-899-2732
  • Price Per Unit: 429500
  • Professional Management Expense: 4606.00
  • Property Attached: No
  • Water Sewer Expenses: 2500.40
  • Zoning: LARD2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 6049031033
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Entry Level: 1
  • Price Per Square Foot: 265.62

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 4315.00
  • Lot Size Acres: 0.0991

Multi Family

  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 928.00
  • Lot Size Area: 4315.0000 Square Feet
  • Net Operating Income: 46552.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 20578.30
  • Rent Control: No
  • Total Actual Rent: 5750.00
  • Total Expenses: 20578.33

Tax Info

  • New Taxes Expense: 11448.00
  • Tax Census Tract: 2407.00
  • Tax Lot: 140
  • Tax Tract Number: 7953
  • TaxOtherAnnualAssessmentAmount: 665.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Aug 12, 2024
Sold by
Ashiq Imran
Bought by
Park Kwang Hyun and Sa Soon Dug
Seller's Agent
Sepide Ashiq
Ashby & Graff
Buyer's Agent
Chris Lim
Bestway Realty
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Views
6
Current Estimated Value
$905,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,877
Avg. Annual Appreciation
6.01%
Original Mortgage
$595,000
Outstanding Balance
$589,422
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$316,455

Purchase Details

Listed on
May 8, 2017
Closed on
Jun 7, 2017
Sold by
Fatima Sana
Bought by
Ashiq Imran
Seller's Agent
Edwin Wen
RE/MAX 2000 REALTY
Buyer's Agent
Ghulam Ashiq
Alta Realty Group CA, Inc
List Price
$600,000
Sold Price
$620,000
Premium/Discount to List
$20,000
3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$465,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 8, 2017
Closed on
May 15, 2017
Sold by
Rmc Enterprise Llc
Bought by
Ashlq Imran
Seller's Agent
Edwin Wen
RE/MAX 2000 REALTY
Buyer's Agent
Ghulam Ashiq
Alta Realty Group CA, Inc
List Price
$600,000
Sold Price
$620,000
Premium/Discount to List
$20,000
3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2012
Sold by
Chang Robert H and Lu Mary
Bought by
Rmc Enterprise Llc

Purchase Details

Listed on
Dec 16, 2011
Closed on
Feb 22, 2012
Sold by
Hsbc Bank Usa National Association
Bought by
Chang Robert and Lu Mary
Seller's Agent
Randy Abrams
Podley Properties
Buyer's Agent
Edwin Wen
RE/MAX 2000 REALTY
List Price
$299,900
Sold Price
$279,900
Premium/Discount to List
-$20,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%

Purchase Details

Closed on
Jun 1, 2010
Sold by
Bordas Gyorgy
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Mar 1, 2010
Sold by
Bordas Gyorgy
Bought by
Orozco Delmy

Purchase Details

Closed on
Jul 12, 2006
Sold by
Clovis Avenue Llc
Bought by
Bordas Gyorgy

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
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2005
Sold by
Capizzi Vincent A
Bought by
Clovis Avenue Llc

Purchase Details

Closed on
Jun 1, 2005
Sold by
Smotherman Melvin
Bought by
Jones Smotherman Betty

Purchase Details

Closed on
May 23, 2005
Sold by
Jones Smotherman Betty and Bell Denise
Bought by
Darvid Property Ventures Llc

Purchase Details

Closed on
Apr 22, 2005
Sold by
Smotherman Betty and Bell Denise
Bought by
Jones Smotherman Betty
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
Park Kwang Hyun $850,000 First American Title Company
Ashiq Imran -- Fidelity National Title Co
Ashlq Imran $620,000 Fidelity National Title Co
Rmc Enterprise Llc -- None Available
Chang Robert $280,000 Servicelink
Hsbc Bank Usa National Association $217,800 Landsafe
Hsbc Bank Usa National Association $217,800 None Available
Orozco Delmy -- None Available
Bordas Gyorgy $650,000 Chicago Title Insurance Co
Clovis Avenue Llc -- --
Jones Smotherman Betty -- --
Darvid Property Ventures Llc $370,000 Financial Title Gardena
Jones Smotherman Betty -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Kwang Hyun $595,000
Previous Owner Ashiq Imran $465,000
Previous Owner Bordas Gyorgy $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2024 08/19/24 Sold $850,000 -1.0% $266 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
06/20/2024 06/20/24 Price Changed $859,000 -4.4% $268 / Sq Ft
05/16/2024 05/16/24 For Sale $899,000 +45.0% $281 / Sq Ft
06/14/2017 06/14/17 Sold $620,000 +3.3% $194 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $600,000 0.0% $188 / Sq Ft
06/15/2012 06/15/12 Rented $1,900 0.0% --
06/14/2012 06/14/12 Under Contract -- -- --
05/02/2012 05/02/12 For Rent $1,900 0.0% --
04/06/2012 04/06/12 Sold $279,900 -6.7% $87 / Sq Ft
02/15/2012 02/15/12 Pending -- -- --
12/16/2011 12/16/11 For Sale $299,900 -- $94 / 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 $9,132 $850,000 $600,000 $250,000
2024 $9,132 $705,449 $227,563 $477,886
2023 $8,960 $691,617 $223,101 $468,516
2022 $8,557 $678,057 $218,727 $459,330
2021 $8,438 $664,763 $214,439 $450,324
2019 $8,190 $645,048 $208,080 $436,968
2018 $8,088 $632,400 $204,000 $428,400
2016 $5,419 $416,091 $187,241 $228,850
2015 $5,340 $409,842 $184,429 $225,413
2014 $5,360 $401,815 $180,817 $220,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24093994

California Regional Multiple Listing Service (CRMLS)

APN: 6049-031-033