NOT LISTED FOR SALE

Los Angeles, CA 90031

Highland Park Neighborhood
Studio
-- Bath
-- Sq Ft
0.34 Acres

Last Sold March 25, 2013

Last sale price $1,735,000

15 Days on Market

Highlights

  • 14,984 Sq Ft lot
  • Abraham Lincoln High School Rated A-
  • Wall Furnace

About This Home

As of March 2013

Very Clean Building in Highland Park- Near Mt. Washington, Montecito Heights, and Arroyo Seco Park. Individually Metered for gas/ electricity. Two 8 units buildings with individual parcel numbers- 8-2 bedroom units, 8-1 bedroom units total. Mostly copper plumbing, individual water heaters, laundry and parking! Convenient freeway access. No Vacancies. Great upleg or addition to any portfolio. Less than 9x's Gross. Will go fast.

Last Agent to Sell the Property

Justin McCardle

Keller Williams Realty License #01895720 Listed on: 01/21/2013

Keller Williams Realty

Last Buyer's Agent

Jennifer Yeon

Re/Max Tri-City Realty License #01030446

Re/Max Tri-City Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,000

Year Built

  • Built in 1964

Lot Details

  • 0.34 Acre Lot

Parking

  • Automatic Gate

Home Design

  • Stucco

Utilities

  • Wall Furnace
  • Water Heater

Community Details

  • 16 Leased Units
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,705
  • Net Operating Income $118,311

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number 546002007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,000

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 7.06
  • Security: Automatic Gate
  • Zoning: RD2-1
  • Property Type: Residential Income
  • Parcel Number: 546002007
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Construction Materials: Stucco

Utilities

  • Heating: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace

Lot Info

  • Lot Size Sq Ft: 14984.00

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Gross Multiplier: 8.95
  • Gross Scheduled Income: 187764.00
  • Insurance Expense: 5705.00
  • Net Operating Income: 118311.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 16
  • Number With Patio: 4
  • Operating Expense: 63462.00
  • Operating Expense Percent: 34.00
  • Total Actual Rent: 15447.00

Tax Info

  • Tax Rate: 1.25
  • Tax Annual Amount: 21000.00
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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 List to Sale Price per Sq Ft
03/25/2013 03/25/13 Sold $1,735,000 0.0% --
02/05/2013 02/05/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $1,735,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $13,697 $1,068,253 $600,317 $467,936
2024 $13,697 $1,047,308 $588,547 $458,761
2023 $13,447 $1,026,773 $577,007 $449,766
2022 $12,855 $1,006,642 $565,694 $440,948
2021 $12,683 $986,904 $554,602 $432,302
2019 $12,324 $958,154 $538,153 $420,001
2018 $12,183 $939,377 $527,601 $411,776
2016 $11,584 $902,402 $507,114 $395,288
2015 $11,424 $888,848 $499,497 $389,351
2014 $11,508 $871,438 $489,713 $381,725
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Justin McCardle

    Keller Williams Realty

    Section Image

  • J

    Buyer's Agent in 2013

    Jennifer Yeon

    RE/MAX

    (818) 389-5129

    21 Total Sales

    Jennifer Yeon
    Section Image
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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22171794

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Los Angeles 90031

Highland Park

Not Listed for Sale

MultiFamily

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