S
Seller's Agent in 2024
Sepide Ashiq
Ashby & Graff
9308 Clovis Ave Los Angeles, CA 90002
Green Meadows NeighborhoodEstimated Value: $862,508 - $962,000
8
Beds
4
Baths
3,200
Sq Ft
$283/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Laundry Room
- Wall Furnace
- Property is near public transit
- Tile Flooring
About This Home
As of August 2024Excellent 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
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
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
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
-
Chris Lim
C
Buyer's Agent in 2024
Chris Lim
Bestway Realty
(562) 577-3111
1 in this area
14 Total Sales
-
Edwin Wen
Seller's Agent in 2017
Edwin Wen
RE/MAX
(909) 539-8561
21 Total Sales
-
Ghulam Ashiq
G
Buyer's Agent in 2017
Ghulam Ashiq
Alta Realty Group CA, Inc
(949) 899-2732
2 Total Sales
-
Randy Abrams
Seller's Agent in 2012
Randy Abrams
Podley Properties
(626) 222-3954
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24093994
APN: 6049-031-033
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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