Seller's Agent in 2020
Alex Khalilifard
RE/MAX
(310) 422-8828
1 in this area
46 Total Sales
Estimated Value: $686,416 - $848,000
3
Beds
3
Baths
1,692
Sq Ft
$434/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Central Air
About This Home
As of July 2020Welcome to this 3-unit Income Property totaling 1,692 sq. ft. of rentable space in heart of Los Angeles! The mixture consists of three 1-bedroom units with washer and dryer inside. Middle unit is vacant and has been completely remodeled. Live in this one and collect rent from the other two each month. Other two units are occupied with tenants and have been paying their rent on time. Upgrades in middle unit include an 8-channel smart security camera system, recessed lights throughout the unit, NEW AC/Heating system, fully REMODELED kitchen with NEW high-quality quartz counters and NEW cabinetry, NEW paint, NEW dual pane Windows, NEW waterproof high-quality laminate floors throughout, In the bathrooms you will find NEW counters & vanities and gorgeous tiled shower/bathtubs with custom glass shower doors. BRAND NEW LG French style refrigerator, stainless-steel Microwave and stove. All 3 garages have been remodeled and they are being used as storages, one per unit and tenants love them! Located close to schools, churches, shopping, dining and entertainment. Hurry, as this "TURNKEY" CASH COW won't last long!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,495
Year Built
- Built in 1939
Lot Details
- 4,889 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Triplex
Interior Spaces
- 1,692 Sq Ft Home
- Laminate Flooring
Kitchen
- Freezer
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Air
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 4373
- Assessor Parcel Number 5003029004
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 2 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $1,761
- Net Operating Income $3,511
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2020
Closed on
Jun 29, 2020
Sold by
1722 West 57 Th Llc
Bought by
Jones Ariel
Seller's Agent
Alex Khalilifard
RE/MAX One
List Price
$550,000
Sold Price
$561,500
Premium/Discount to List
$11,500
2.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,604
Avg. Annual Appreciation
4.93%
Original Mortgage
$551,329
Outstanding Balance
$489,971
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$228,270
Purchase Details
Listed on
Jul 10, 2019
Closed on
Oct 9, 2019
Sold by
Williams Mark D
Bought by
1722 West 57Th Llc
Seller's Agent
Kendra Settle
Dwell California Real Estate & Investments, Inc.
Buyer's Agent
Alex Khalilifard
RE/MAX One
List Price
$570,000
Sold Price
$417,115
Premium/Discount to List
-$152,885
-26.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.85%
Purchase Details
Closed on
Apr 11, 2003
Sold by
Brabson Elmer and Brabson Inez M
Bought by
Williams Mark D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jones Ariel | $561,500 | Lawyers Title | |
| 1722 West 57Th Llc | $417,500 | Lawyers Title | |
| Williams Mark D | $255,000 | Landsafe Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jones Ariel | $551,329 | |
| Previous Owner | Williams Mark D | $330,802 | |
| Previous Owner | Williams Mark D | $333,940 | |
| Previous Owner | Williams Mark D | $348,000 | |
| Previous Owner | Williams Mark D | $306,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2020 07/15/20 | Sold | $561,500 | +2.1% | $332 / Sq Ft |
| 06/18/2020 06/18/20 | For Sale | $550,000 | +31.9% | $325 / Sq Ft |
| 11/07/2019 11/07/19 | Sold | $417,115 | -26.8% | $247 / Sq Ft |
| 10/04/2019 10/04/19 | Pending | -- | -- | -- |
| 07/10/2019 07/10/19 | For Sale | $570,000 | -- | $337 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,495 | $607,783 | $363,155 | $244,628 |
| 2024 | $7,495 | $595,867 | $356,035 | $239,832 |
| 2023 | $7,357 | $584,184 | $349,054 | $235,130 |
| 2022 | $7,024 | $572,730 | $342,210 | $230,520 |
| 2021 | $6,932 | $561,500 | $335,500 | $226,000 |
| 2020 | $5,337 | $417,115 | $317,115 | $100,000 |
| 2019 | $4,137 | $331,065 | $194,746 | $136,319 |
| 2018 | $4,057 | $324,575 | $190,928 | $133,647 |
| 2016 | $3,868 | $311,973 | $183,515 | $128,458 |
| 2015 | $3,813 | $307,288 | $180,759 | $126,529 |
| 2014 | $3,844 | $301,270 | $177,219 | $124,051 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Khalilifard
-
K
Seller's Agent in 2019
Kendra Settle
Dwell California Real Estate & Investments, Inc.
-
K
Seller Co-Listing Agent in 2019
Kristel Johnson
Dwell California Real Estate & Investments, Inc.
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR20118349
APN: 5003-029-004
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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