NOT LISTED FOR SALE

958 S Breed St Los Angeles, CA 90023

Estimated Value: $1,631,000 - $2,631,000

16 Beds
12 Baths
6,016 Sq Ft
$350/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $1,800,000 $299 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $13,436/month

131 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Double Pane Windows
  • Felicitas and Gonzalo Mendez High Rated A-
  • Private Yard
  • Recessed Lighting

About This Home

As of October 2020

NEW CONSTRUCTION.........Two duplexes on a lot, all 4 units are 4 bedroom 3 bathrooms each. Features include an open floor plan, custom
kitchen cabinets, tiled flooring throughout, beautifully finished bathrooms, central A/C, very spacious bedrooms, master suites, and onsite
parking for eight cars. All units are separately metered for water, gas, and electric. Property is conveniently located to most major
highways, 2 miles from Downtown LA, the Arts District, USC Medical Center, and Cal State LA. Bring your buyers... this is a great
investment property that will go fast..…..

Last Agent to Sell the Property

James Ruiz

OPTION ONE REALTY & INVESTMENT License #01415230 Listed on: 06/12/2020

Last Buyer's Agent

Jeff Loiacono

Lido Realty Inc License #01759015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,673

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 6,863 Sq Ft Lot
  • No Common Walls
  • Private Yard

Home Design

  • Turnkey
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 6,016 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 5189006012

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,000
  • Professional Management Expense $5,812
  • New Taxes Expense $24,987
  • Operating Expense $32,799
  • Gross Income $153,600
  • Net Operating Income $116,190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,673

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • CapRate: 6.00
  • Other Phone Description: 626-825-7325
  • Professional Management Expense: 5812.00
  • Property Attached: No
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Zoning: LARD1.5
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5189006012
  • Year Built: 2020
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 299.20
  • Room Type: Laundry, Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6863.00
  • Lot Size Acres: 0.1576

Multi Family

  • Gross Income: 153600.00
  • Gross Multiplier: 13.00
  • Gross Operating Income: 149089.00
  • Gross Scheduled Income: 153600.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6863.0000 Square Feet
  • Net Operating Income: 116190.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 32799.00
  • Operating Expense Percent: 22.00
  • Rent Control: No
  • Total Expenses: 32799.00
  • Vacancy Allowance: 4611
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24987.00
  • Tax Census Tract: 2046.00
  • Tax Lot: 29
  • Tax Tract Number: unk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Oct 14, 2020
Sold by
Ebrahimi Nicole
Bought by
Fani Rod
Seller's Agent
James Ruiz
OPTION ONE REALTY & INVESTMENT
Buyer's Agent
Jeff Loiacono
Lido Realty Inc
List Price
$1,999,000
Sold Price
$1,800,000
Premium/Discount to List
-$199,000
-9.95%
Current Estimated Value
$2,107,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,789
Avg. Annual Appreciation
3.78%

Purchase Details

Closed on
Aug 10, 2020
Sold by
Soa Capital Llc
Bought by
Fani Rod

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2018
Sold by
Center Street Lending Fund Iv Spe Llc
Bought by
Soa Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2016
Sold by
Stacy A Ii Llc
Bought by
Center Street Lending Fund Iv Spe Llc

Purchase Details

Closed on
Mar 26, 2015
Sold by
Soa Capital Inc
Bought by
Stacy A Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2015
Sold by
Soa Capital Inc
Bought by
Soa Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2014
Sold by
Stacy A Llc
Bought by
Soa Capital Inc and Stacy A Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 26, 2013
Closed on
Jan 8, 2014
Sold by
Redondo Frank
Bought by
Stacy A Llc
Seller's Agent
Frank Moreno
24 Hour Real Estate
Buyer's Agent
Peter Licon
24 Hour Real Estate
List Price
$199,900
Sold Price
$200,000
Premium/Discount to List
$100
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.73%
Original Mortgage
$120,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2013
Sold by
Maldonado Rosalie
Bought by
Redondo Frank

Purchase Details

Closed on
Oct 3, 2007
Sold by
Redondo Isabel
Bought by
Redondo Isabel and Isabel Redondo Revocable Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fani Rod -- Pacific Coast Title Company
Fani Rod $1,800,000 Pacific Coast Title Company
Soa Capital Inc -- None Available
Center Street Lending Fund Iv Spe Llc $349,284 Accommodation
Stacy A Ii Llc $375,000 Wfg Title Company
Soa Capital Inc -- None Available
Soa Capital Inc -- Provident Title Company
Stacy A Llc $200,000 Old Republic Title Company
Redondo Frank -- Old Republic Title Company
Redondo Frank -- None Available
Redondo Isabel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fani Rod $1,000,000
Previous Owner Soa Capital Inc $250,000
Previous Owner Stacy A Ii Llc $350,000
Previous Owner Soa Capital Inc $224,000
Previous Owner Redondo Frank $120,000
Previous Owner Stacy A Llc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $1,800,000 0.0% $299 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
07/24/2020 07/24/20 Price Changed $1,800,000 -5.2% $299 / Sq Ft
06/30/2020 06/30/20 Price Changed $1,899,000 -5.0% $316 / Sq Ft
06/12/2020 06/12/20 For Sale $1,999,000 +899.5% $332 / Sq Ft
01/28/2014 01/28/14 Sold $200,000 +0.1% $290 / Sq Ft
01/03/2014 01/03/14 Pending -- -- --
12/26/2013 12/26/13 For Sale $199,900 -- $290 / 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 $23,673 $1,948,377 $676,520 $1,271,857
2024 $23,673 $1,910,174 $663,255 $1,246,919
2023 $23,219 $1,872,720 $650,250 $1,222,470
2022 $22,146 $1,836,000 $637,500 $1,198,500
2021 $21,856 $1,800,000 $625,000 $1,175,000
2019 $6,407 $519,078 $299,880 $219,198
2018 $4,420 $352,920 $246,840 $106,080
2016 $4,713 $380,718 $304,575 $76,143
2015 $2,583 $201,997 $161,598 $40,399
2014 $2,150 $168,000 $150,000 $18,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20114092

California Regional Multiple Listing Service (CRMLS)

APN: 5189-006-012