NOT LISTED FOR SALE

946 S Vancouver Ave Los Angeles, CA 90022

Estimated Value: $671,000 - $724,000

4 Beds
2 Baths
880 Sq Ft
$794/Sq Ft Est. Value

Last Sold June 21, 2018

Last sale price $480,000 $545 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,394/month

12 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Neighborhood Views
  • James A. Garfield Senior High School Rated A
  • Lawn
  • Tile Flooring

About This Home

As of June 2018

We have a 3 bedroom 1 bath house in the front. We have a non conforming 1 bedroom 1 bath unit in the back (ADU). There is also a one room, storage room that may also be non-conforming. Both the front house and back unit are currently rented. With all the new code changes in California for ADU's, this may present the perfect opportunity to get the back unit legalized. We have not investigated with the city so seller does not know what it would take. Long term tenants in place. The square footage is only for the front house. It does not include the square footage for the back unit or the storage room.

Last Agent to Sell the Property

Danny Flores

DANIEL FLORES, BROKER License #01779773 Listed on: 04/27/2018

Last Buyer's Agent

Yaron Gedalia

Keller Williams Realty Calabasas License #01895382

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,117

Year Built

  • Built in 1923

Lot Details

  • 5,076 Sq Ft Lot
  • Lot Dimensions are 40' x 126'
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Fence is in fair condition
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Back and Front Yard

Home Design

  • Traditional Architecture
  • Frame Construction
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Plaster
  • Stucco

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Paved Parking

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 112
  • Tax Tract Number 5291
  • Assessor Parcel Number 5245002017

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Maintenance Expense $50
  • Water Sewer Expense $1,589
  • New Taxes Expense $6,843
  • Operating Expense $3,189
  • Gross Income $29,391
  • Net Operating Income $26,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,117

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 247500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1589.00
  • Zoning: LCR4YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5245002017
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 545.45
  • Room Type: All Bedrooms Down, Family Room, Kitchen

Exterior Features

  • Other Structures: Storage
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Fair Condition, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Concrete, Frame, Glass, Plaster, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Level with Street, Rectangular Lot, Level, Near Public Transit
  • Lot Size: 40' x 126'
  • Lot Size Sq Ft: 5076.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average3 Bed Area: 880 Square Feet
  • Gross Income: 29391.00
  • Gross Operating Income: 29391.00
  • Gross Scheduled Income: 30300.00
  • Insurance Expense: 1000.00
  • Maintenance Expense: 50.00
  • Net Operating Income: 26202.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3189.00
  • Rent Control: No
  • Total Actual Rent: 2525.00
  • Total Expenses: 3189.00
  • Vacancy Allowance: 909
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6842.50
  • Tax Area: 996
  • Tax Census Tract: 5317.02
  • Tax Lot: 112
  • Tax Tract Number: 5291

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2023
Sold by
Peisach Lior and Adi Cohen
Bought by
Slr Real Estate Llc
Current Estimated Value
$698,803

Purchase Details

Listed on
Apr 27, 2018
Closed on
May 18, 2018
Sold by
Aivarado Marie Belen
Bought by
Peisach Lior
Seller's Agent
Danny Flores
DANIEL FLORES, BROKER
Buyer's Agent
Yaron Gedalia
Keller Williams Realty Calabasas
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%
Original Mortgage
$360,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2008
Sold by
Cortinas Luis
Bought by
Cortinas Luis and Luis Cortinas Living Trust
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
Slr Real Estate Llc -- None Listed On Document
Peisach Lior -- None Listed On Document
Peisach Lior $480,000 Lawyers Title
Cortinas Luis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peisach Lior $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2018 06/21/18 Sold $480,000 -3.0% $545 / Sq Ft
04/27/2018 04/27/18 For Sale $495,000 -- $563 / 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 $7,117 $546,151 $384,242 $161,909
2024 $7,117 $535,443 $376,708 $158,735
2023 $6,995 $524,945 $369,322 $155,623
2022 $6,663 $514,653 $362,081 $152,572
2021 $6,590 $504,563 $354,982 $149,581
2019 $6,386 $489,600 $344,454 $145,146
2018 $1,040 $34,417 $22,809 $11,608
2016 $994 $33,082 $21,924 $11,158
2015 $982 $32,586 $21,595 $10,991
2014 $986 $31,948 $21,172 $10,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB18099793

California Regional Multiple Listing Service (CRMLS)

APN: 5245-002-017