NOT LISTED FOR SALE

Estimated Value: $2,374,000 - $2,943,327

12 Beds
9 Baths
1,422 Sq Ft
$1,870/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $1,900,000 $1,336 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $17,098/month

69 Days on Market

Highlights

  • 16,645 Sq Ft lot
  • 4-minute walk to Southwest Museum Station
  • 1-Story Property
  • Mt. Washington Elementary Rated A-
  • 4 Car Attached Garage

About This Home

As of June 2017

West Realty Group is proud to offer for sale this seven-unit apartment complex situated in the hills of Mount Washington, a historic area of Los Angeles. Located just east of the 110 Freeway, north of Figueroa Street and west of Avenue 45, this single-story 16,645-squarefoot property hosts five separate cottage-style buildings, consisting of three one-bedroom units, three two-bedroom units and one three-bedroom unit. Each unit features a spacious layout with an open floor plan, hardwood floors, fire place, patio, sundeck and skylights. This is a great investment opportunity in a fast-moving and highly competitive Southern California market where nearby downtown Los Angeles is currently undergoing gentrification that will see a large influx of residents and businesses, thus making this region of Los Angeles one of the hottest places to live, work, shop and seek entertainment. ONE VACANCY Consists of 3-single family homes and 2- duplex

Last Listed By

Lee Johnson

Berkshire Hathaway HomeServices California Properties License #01259992 Listed on: 03/14/2017

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,095

Year Built

  • Built in 1924

Lot Details

  • 0.38

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 9 Bathrooms

Parking

  • 4 Car Attached Garage
  • Carport
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Additional Features

  • 1-Story Property
  • 0.38 Acre Lot

Community Details

  • 5 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5466-024-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,095

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 9.00
  • Den: 0

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned, Attached, Carport
  • Total Parking: 4

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 363367
  • Assessed Land Value: 407138
  • Assessor Parcel Number: 5466-024-007
  • Geocode Override: No
  • Lot Size Area: 16645

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.99
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 49042
  • Type Of Units: Cottages
  • Vacancy Rate: 1500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2017
Closed on
Jun 6, 2017
Sold by
Vantrees Victoria and Vantrees Van Trees
Bought by
Rprp Llc
Seller's Agent
Lee Johnson
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Paul Jesman
Edward Jesman Realty
List Price
$1,995,000
Sold Price
$1,900,000
Premium/Discount to List
-$95,000
-4.76%
Total Days on Market
69
Current Estimated Value
$2,658,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$758,664
Avg. Annual Appreciation
6.44%
Original Mortgage
$1,315,000
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2013
Sold by
Pildas Phyllis and Pildas Ave
Bought by
Pildas Phyllis Green and Pildas Ave

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
3.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 9, 2013
Sold by
Vantrees Victoria and Cowitt Joanna Van Trees
Bought by
Vantrees Victoria and Cowitt Joanna Van Trees

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
3.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 9, 2013
Sold by
Susan C Van Trees Trust
Bought by
Cowitt Joanna Van Trees

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
3.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 26, 2008
Sold by
Pildas Ave
Bought by
Pildas Phyllis Green and Pildas Ave

Purchase Details

Closed on
Jun 13, 2008
Sold by
Pildas Ave and Pildas Van Trees
Bought by
Vantrees Susan C and The Susan C Van Trees Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2006
Sold by
Vantrees Susan C
Bought by
Vantrees Susan C and The Susan C Van Trees Trust

Purchase Details

Closed on
Apr 20, 2004
Sold by
Vantrees Susan C and The Susan C Van Trees Trust
Bought by
Vantrees Susan C and Pildas Ave

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
Rprp Llc $1,900,000 None Available
Pildas Phyllis Green -- First American Title Insuran
Vantrees Victoria -- First American Title Insuran
Pildas Phyllis Green -- None Available
Vantrees Susan C -- North American Title
Pildas Ave -- North American Title
Vantrees Susan C -- Accommodation
Vantrees Susan C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rprp Llc $1,942,500
Closed Rprp Llc $1,315,000
Previous Owner Pildas Phyllis Green $760,000
Previous Owner Pildas Ave $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2017 06/12/17 Sold $1,900,000 -4.8% $1,336 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
03/14/2017 03/14/17 For Sale $1,995,000 -- $1,403 / Sq Ft
Source: The MLS

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 $27,095 $2,161,870 $1,365,392 $796,478
2023 $26,580 $2,119,481 $1,338,620 $780,861
2022 $25,368 $2,077,923 $1,312,373 $765,550
2021 $25,055 $2,037,181 $1,286,641 $750,540
2020 $25,305 $2,016,634 $1,273,449 $743,185
2019 $24,320 $1,977,100 $1,248,480 $728,620
2018 $24,219 $1,938,340 $1,224,000 $714,340
2016 $10,102 $770,505 $407,138 $363,367
2015 $10,105 $770,613 $407,195 $363,418
2014 $9,874 $755,519 $399,219 $356,300
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 17-211574

The MLS

APN: 5466-024-007