NOT LISTED FOR SALE

Estimated Value: $1,102,000 - $1,741,065

7 Beds
7 Baths
3,068 Sq Ft
$473/Sq Ft Est. Value

Last Sold January 24, 2018

Last sale price $1,140,000 $372 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,224/month

64 Days on Market

Highlights

  • Gated Parking
  • No HOA
  • Laundry Room
  • STEM Academy at Bernstein High Rated A-
  • Balcony
  • 5-minute walk to Lemon Grove Recreation Center

About This Home

As of January 2018

Great 4-unit building in Hollywood for an investment or owner user. Good rental area. The building was extensively upgraded in 2000 including new copper plumbing, electrical, roof and stucco. Then in 2006/2007 the interior were upgraded. With each unit being individually metered for gas, electric and each unit having separated hot water heater helps the owner expensed low. Complex is well maintained with a laundry facility and abundant gated parking.

Last Agent to Sell the Property

Sunny Double

Berkshire Hathaway HSCP License #00980938 Listed on: 09/26/2017

Berkshire Hathaway HSCP

Last Buyer's Agent

Tia Hughes

Coldwell Banker Realty License #01839465

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,721

Year Built

  • Built in 1919

Lot Details

  • 5,181 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Quadruplex

Interior Spaces

  • 3,068 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Gas Dryer Hookup

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Gated Parking
  • Parking Lot

Additional Features

  • Accessible Parking
  • Balcony
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 1115
  • Assessor Parcel Number 5537023013

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,300
  • Other Expense $240
  • Water Sewer Expense $3,600
  • Operating Expense $5,740
  • Gross Income $76,800
  • Net Operating Income $71,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,721

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5537023013
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 371.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Carport, Gated, Parking Space
  • Total Parking Spaces: 7.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5181.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 76800.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 1300.00
  • Net Operating Income: 71060.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 5740.00
  • Other Expense: 240.00
  • Rent Control: Yes
  • Total Actual Rent: 6050.00
  • Total Expenses: 5740.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 1115

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2021
Sold by
Loghmana Michael and Setareh Daniel
Bought by
Luxe Re Holdings Llc
Current Estimated Value
$1,452,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$694,551
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$757,965

Purchase Details

Listed on
Sep 26, 2017
Closed on
Feb 22, 2018
Sold by
Setareh Daniel
Bought by
Lux Re Holdings Llc
Seller's Agent
Sunny Double
Berkshire Hathaway HSCP
Buyer's Agent
Tia Hughes
Coldwell Banker Realty
List Price
$1,230,000
Sold Price
$1,140,000
Premium/Discount to List
-$90,000
-7.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.25%
Original Mortgage
$798,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 26, 2017
Closed on
Dec 29, 2017
Sold by
Yu Man Jin
Bought by
Setareh Daniel and Setareh Jasmine Myers
Seller's Agent
Sunny Double
Berkshire Hathaway HSCP
Buyer's Agent
Tia Hughes
Coldwell Banker Realty
List Price
$1,230,000
Sold Price
$1,140,000
Premium/Discount to List
-$90,000
-7.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2009
Sold by
Us Bank National Association
Bought by
Yu Man Jin and Yu Karen Kum Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,100
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2008
Sold by
Alleva Craig
Bought by
Us Bank Na

Purchase Details

Closed on
Nov 6, 2006
Sold by
Foster Martin L
Bought by
Alleva Craig and Alleva Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.33%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 23, 1996
Sold by
Songson Elhawary Angelina
Bought by
Elhawary Abdel Ahmed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,779
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Elhawary Abbel Ahmed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,779
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 1995
Sold by
Ashamalla Shoukry
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Oct 6, 1993
Sold by
Elhawary Abdel A
Bought by
Ashamalla Shoukry
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
Luxe Re Holdings Llc -- Western Resources Title
Loghmana Michael -- Accommodation/Courtesy Recordi
Setareh Daniel -- Western Resources Title
Loghmana Michael -- Western Resources Title
Lux Re Holdings Llc -- Dar Title Company
Setareh Daniel $1,140,000 Orange Coast Title Company
Yu Man Jin $523,000 Fidelity Natl Title Ins Co
Us Bank Na $677,670 Accommodation
Alleva Craig $1,100,000 Chicago Title Co
Elhawary Abdel Ahmed -- First American Title Co
Elhawary Abbel Ahmed $97,500 First American Title Co
Home Svgs Of America Fsb $120,000 Investors Title
Ashamalla Shoukry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loghmana Michael $760,000
Previous Owner Setareh Daniel $798,000
Previous Owner Yu Man Jin $329,000
Previous Owner Yu Man Jin $366,100
Previous Owner Alleva Craig $220,000
Previous Owner Alleva Craig $825,000
Previous Owner Foster Martin L $722,500
Previous Owner Foster Martin L $100,000
Previous Owner Foster Martin L $403,000
Previous Owner Elhawary Abdel Ahmed $237,100
Previous Owner Elhawary Abdel Ahmed $69,319
Previous Owner Elhawary Abdel Ahmed $160,788
Previous Owner Elhawary Abbel Ahmed $96,779
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2018 01/24/18 Sold $1,140,000 -4.8% $372 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
11/08/2017 11/08/17 Price Changed $1,198,000 -2.6% $390 / Sq Ft
09/26/2017 09/26/17 For Sale $1,230,000 -- $401 / 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 $15,721 $1,297,120 $910,261 $386,859
2024 $15,721 $1,271,687 $892,413 $379,274
2023 $15,418 $1,246,753 $874,915 $371,838
2022 $14,703 $1,222,308 $857,760 $364,548
2021 $14,517 $1,198,342 $840,942 $357,400
2020 $14,663 $1,186,056 $832,320 $353,736
2019 $14,084 $1,162,800 $816,000 $346,800
2018 $7,416 $593,316 $415,209 $178,107
2016 $7,067 $570,279 $399,087 $171,192
2015 $6,882 $561,714 $393,093 $168,621
2014 $6,925 $550,711 $385,393 $165,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17220952

California Regional Multiple Listing Service (CRMLS)

APN: 5537-023-013