NOT LISTED FOR SALE

Estimated Value: $938,674 - $992,000

8 Beds
4 Baths
3,840 Sq Ft
$251/Sq Ft Est. Value

Last Sold December 18, 2024

Last sale price $945,000 $246 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,835/month

14 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • John Marshall Senior High Rated A
  • Laundry Room

About This Home

As of December 2024

Welcome to 2368 Allesandro St., Los Angeles! This property offers four spacious 2-bedroom, 1-bathroom units, making it perfect for investors. Conveniently located near the 5 freeway, you'll enjoy easy access to the city's amenities. Nearby schools include Allesandro Elementary School and John Marshall High school making it a family-friendly option. Plus, with parks just minutes away, there's no shortage of recreational opportunities.

Don't miss out on this great opportunity to own in a prime Los Angeles location!

Last Listed By

Rosa Gastelum

CENTURY 21 REALTY MASTERS Brokerage Phone: 323-317-6519 License #02035129 Listed on: 10/02/2024

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,587

Year Built

  • Built in 1965

Lot Details

  • 5,200 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 3622
  • Assessor Parcel Number 5443028008
  • $510 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,250
  • Fuel Expense $956
  • Gardener Expense $840
  • Insurance Expense $1,960
  • Other Expense $879
  • Pest Control $660
  • Trash Expense $3,455
  • Water Sewer Expense $1,250
  • Operating Expense $11,250
  • Gross Income $56,303
  • Net Operating Income $37,338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,587

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: (323) 317-6519
  • Price Per Unit: 275000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1250.00
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 5443028008
  • Year Built: 1965
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Driveway
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 246.09

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 660.00
  • Sewer: Public Sewer
  • Trash Expense: 3455.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5200.00
  • Lot Size Acres: 0.1194

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1250.00
  • Fuel Expense: 956.00
  • Gross Income: 56302.90
  • Gross Scheduled Income: 56302.90
  • Insurance Expense: 1960.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5200.0000 Square Feet
  • Net Operating Income: 37338.30
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Operating Expense: 18964.60
  • Other Expense: 879.00
  • Other Expense Description: internet
  • Rent Control: Yes
  • Total Actual Rent: 4691.91
  • Total Expenses: 11250.00

Tax Info

  • Tax Census Tract: 1974.10
  • Tax Lot: 6
  • Tax Tract Number: 3622
  • TaxOtherAnnualAssessmentAmount: 510.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2024
Closed on
Nov 5, 2024
Sold by
Lee Benton and Lee Bonnie
Bought by
Harout Dermendjian And Gayane Dermendjian Liv and Dermendjian
Seller's Agent
Rosa Gastelum
CENTURY 21 REALTY MASTERS
Buyer's Agent
Gustavo Contreras
CENTURY 21 REALTY MASTERS
List Price
$1,200,000
Sold Price
$945,000
Premium/Discount to List
-$255,000
-21.25%
Total Days on Market
14
Views
18
Current Estimated Value
$963,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,919
Avg. Annual Appreciation
5.83%
Original Mortgage
$754,400
Outstanding Balance
$752,456
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$211,463

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
Harout Dermendjian And Gayane Dermendjian Liv $943,000 Wfg National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harout Dermendjian And Gayane Dermendjian Liv $754,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2024 12/18/24 Sold $945,000 -14.1% $246 / Sq Ft
10/30/2024 10/30/24 Price Changed $1,100,000 -8.3% $286 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $1,200,000 -- $313 / 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
2024 $5,587 $423,121 $158,668 $264,453
2023 $5,486 $414,825 $155,557 $259,268
2022 $5,242 $406,692 $152,507 $254,185
2021 $5,159 $398,718 $149,517 $249,201
2019 $5,011 $386,893 $145,083 $241,810
2018 $4,910 $379,308 $142,239 $237,069
2016 $4,657 $364,580 $136,716 $227,864
2015 $4,593 $359,105 $134,663 $224,442
2014 $4,632 $352,072 $132,026 $220,046
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB24203966

California Regional Multiple Listing Service (CRMLS)

APN: 5443-028-008