$1,199,000
PENDING

Estimated payment $7,344/month

Total Views 3,517
8 Beds
4 Baths
3,312 Sq Ft
$362 Price per Sq Ft

Highlights

  • No HOA
  • Wrought Iron Fence
  • Wall Furnace
  • Tile Flooring

About This Home

Great fourplex property, all 4 units are 2 bedrooms and 1 bathroom, good size units, good size lot, each unit has it's own parking space located at the rear of the property, entrance to the parking area from the alley, good size green area. The property is located in an excellent area of Los Angeles, close to Downtown Los Angeles, USC University, and major freeways.

Listing Agent

James Christian

First Banker Real Estate Brokerage Phone: 818-723-1016 License #01216002 Listed on: 01/17/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,771

Year Built

  • Built in 1945

Lot Details

  • 6,907 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 222
  • Assessor Parcel Number 5042033009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,600
  • Trash Expense $600
  • Water Sewer Expense $4,200
  • Operating Expense $8,000
  • Gross Income $59,008
  • Net Operating Income $51,008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,771

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 299750
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 4200.00
  • Zoning: LAC2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5042033009
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 362.02

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block, Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6907.00
  • Lot Size Acres: 0.1586

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 59008.00
  • Gross Scheduled Income: 59008.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6907.0000 Square Feet
  • Net Operating Income: 51008.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 8000.00
  • Rent Control: Yes
  • Total Expenses: 8000.00

Tax Info

  • Tax Census Tract: 2220.02
  • Tax Lot: 15
  • Tax Tract Number: 222...

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $11,771 $935,159 $669,888 $265,271
2023 $11,552 $916,823 $656,753 $260,070
2022 $11,029 $898,847 $643,876 $254,971
2021 $10,881 $881,223 $631,251 $249,972
2019 $9,972 $804,800 $576,500 $228,300
2018 $9,721 $778,000 $557,300 $220,700
2016 $7,398 $590,000 $472,000 $118,000
2015 $6,922 $550,000 $440,000 $110,000
2014 $6,492 $500,000 $400,000 $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Pending -- -- --
05/25/2024 05/25/24 For Sale $1,199,000 0.0% $362 / Sq Ft
05/19/2024 05/19/24 Pending -- -- --
05/14/2024 05/14/24 For Sale $1,199,000 0.0% $362 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $1,199,000 0.0% $362 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $1,199,000 0.0% $362 / Sq Ft
03/14/2024 03/14/24 For Sale $1,199,000 0.0% $362 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $1,199,000 0.0% $362 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $1,199,000 -- $362 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $698,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $531,000 New Conventional
Closed $558,400 Purchase Money Mortgage
Previous Owner $149,500 Credit Line Revolving
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24010371

California Regional Multiple Listing Service (CRMLS)

APN: 5042-033-009