NOT LISTED FOR SALE

Los Angeles, CA 90057

Westlake Neighborhood
2 Beds
3 Baths
9,248 Sq Ft
8,407 Sq Ft Lot

Last Sold March 16, 2012

Last sale price $1,230,000 $133 Per Sq Ft

45 Days on Market

About This Home

As of March 2012

The subject property is well kept. The property consists of 13 large singles one bath units approximately +/-500 SF, 2 junior one bedroom one bath units (converted from single units) and one large one bedroom unit. 10 out of 16 units (63%) have been totally renovated during last three years with extra charm and character; refurbished original hardwood floor, most units have been upgraded with granite counter-tops, new cabinets, kitchen tiles, bathroom tubs & tiles, vertical window coverings, fans, windows, electrical, plumbing and lighting fixtures. New roof, new water heater and horizontal copper plumbing. The property is a 2-story wood frame stucco constructed in the 1920's. Cap rate 6.45%, per-forma 8.33%, GRM 8.86, Per-forma 7.48. Cash on Cash 7.32%, Cash on cash after principal reduction 11.08%. In close vicinity of Downtown Los Angeles, Hollywood, Silver Lake, and Echo Park.

Last Agent to Sell the Property

Allen (Ali) Afshar

Sperry Van Ness License #00797725 Listed on: 11/14/2011

Last Buyer's Agent

Non-Member Default

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 8,407 Sq Ft Lot
  • Lot Dimensions are 60x140

Interior Spaces

  • 9,248 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Disposal

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5155-028-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 9248
  • Lot Dimensions: 60X140
  • Manager Expense: 9000.00
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Ceiling Fan, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 137.87

Exterior Features

  • Construction: Wood Frame
  • Pool: No

Utilities

  • Electric Expense: 8270.00
  • Heating: Wall

Fee Information

  • Gas Expense: 4620.00
  • Insurance Expense: 4410.00
  • Maintenance Expense: 6850.00
  • Other Expense: 1431.00
  • Trash Expense: 1716.00

Lot Info

  • Assessed Improvement Value: 408000
  • Assessed Land Value: 816000
  • Assessor Parcel Number: 5155-028-015
  • Lot Size Area: 8407

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 8.86
  • Number Of Units: 16
  • Total Annual Expense: 54549
  • Type Of Units: singles, 1's
  • Vacancy Rate: 5%

Tax Info

  • Tax Expense: 15937.00

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

Property History

Date Event Price Change Sq Ft Price
03/16/2012 03/16/12 Sold $1,230,000 -3.5% $133 / Sq Ft
12/29/2011 12/29/11 Pending -- -- --
11/14/2011 11/14/11 For Sale $1,275,000 -- $138 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Allen (Ali) Afshar

    Sperry Van Ness

  • N

    Buyer's Agent in 2012

    Non-Member Default

See All Agents

Source: The MLS

MLS Number: 11-566351

The MLS

California Los Angeles County Los Angeles 90057

Westlake

This home since 14 November 2011. This property was built in 1922. This home is a home located in Los Angeles County with nearby schools including Charles White Elementary School, Virgil Middle School, and Belmont High School.

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