NOT LISTED FOR SALE

Estimated Value: $2,439,000 - $2,537,944

14 Beds
18 Baths
5,280 Sq Ft
$468/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $2,450,000 $464 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $16,470/month

46 Days on Market

Highlights

  • New Construction
  • No Units Above
  • Private Yard
  • STEM Academy at Bernstein High Rated A-
  • Modern Architecture
  • 4-minute walk to Lemon Grove Recreation Center

About This Home

As of February 2020

803 N Kingsley is a beautifully designed 2019 fourplex located in the Hollywood Studio District moments from Paramount, Netflix, Sunset Gower Studios and much more! 803 N Kingsley’s floorplans are intelligently crafted to include a bathroom inside each and every bedroom, plus a powder room for common area usage. This design choice will be invaluable to renters, who appreciate having their own separate living quarters. With an estimated completion timeline of November 2019, now is the time to lock up this deal at an amazing price of $2,499,000 and cap rate of 5.55%!

803 N Kingsley is made up of two modern 2-story side-by-side townhome style duplexes. Both duplexes consist of one 4 bed/4.5 bath unit and one 3 bed/3.5 bath unit. The units feature enormous windows on just about every wall, stainless steel appliances, high quality finishes, spacious floor plans and washer/dryer hookups in each unit. These units are extraordinarily light, bright, and airy!

This fourplex is located between Melrose and Santa Monica Blvd, minutes from trendy Larchmont Village, action packed Sunset and Vine, and an unlimited supply of nearby studios, entertainment jobs, bars, restaurants, and neighborhood conveniences!

Last Listed By

Elizabeth Maddox

Myunits.com Inc. License #01921425 Listed on: 09/26/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,338

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 7,312 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Fenced
  • Fence is in excellent condition
  • Drip System Landscaping
  • Level Lot
  • Private Yard

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Modern Architecture
  • Quadruplex
  • Turnkey
  • Flat Roof Shape

Interior Spaces

  • 5,280 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laminate Flooring

Kitchen

  • Electric Oven
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 18 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 76
  • Assessor Parcel Number 5535034012

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $300
  • Gardener Expense $600
  • Insurance Expense $1,848
  • Maintenance Expense $1,600
  • Water Sewer Expense $300
  • New Taxes Expense $29,338
  • Operating Expense $33,986
  • Gross Income $179,976
  • Net Operating Income $138,791

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,338

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.55
  • Other Phone Description: 609.513.2646
  • Price Per Unit: 624750
  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: LARD1.5
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5535034012
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 464.02
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Freezer, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level, Sprinklers Drip System, Yard
  • Lot Size Sq Ft: 7312.00
  • Lot Size Acres: 0.1679

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average3 Bed Area: 1320 Square Feet
  • Electric Expense: 300.00
  • Gross Income: 179976.00
  • Gross Multiplier: 13.89
  • Gross Operating Income: 172777.00
  • Gross Scheduled Income: 179976.00
  • Insurance Expense: 1848.00
  • Lot Size Area: 7312.0000 Square Feet
  • Maintenance Expense: 1600.00
  • Net Operating Income: 138791.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 33986.00
  • Rent Control: Yes
  • Total Expenses: 33986.00
  • Vacancy Allowance: 7199
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 29338.00
  • Tax Area: 67
  • Tax Census Tract: 1916.10
  • Taxes Percent: 1.17
  • Tax Lot: 76
  • Tax Tract Number: Melros
  • Tax Annual Amount: 29338.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2019
Sold by
5 Star Discount Homes Llc
Bought by
Kerem 3517 West Del Monte Llc
Total Days on Market
46
Current Estimated Value
$2,471,736

Purchase Details

Listed on
Apr 25, 2018
Closed on
Aug 6, 2018
Sold by
Rubins Margit and Bertness Susan
Bought by
5 Star Discount Homes Llc
Seller's Agent
Kerri Lewin
COMPASS
Buyer's Agent
Kerri Lewin
COMPASS
List Price
$1,095,000
Sold Price
$850,000
Premium/Discount to List
-$245,000
-22.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.50%
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
May 14, 2018
Sold by
The Medid And Maria Joldich Family Trust
Bought by
Joldich Maria and Joldich Rubina Margit

Purchase Details

Closed on
Feb 12, 1998
Sold by
Joldich Medid and Joldich Maria
Bought by
Joldich Medid and Joldich Maria

Purchase Details

Closed on
Sep 30, 1997
Sold by
Joldich Medid and Joldich Maria
Bought by
Joldich Medid and Joldich Maria

Range of Values:

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Average Value
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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
Kerem 3517 West Del Monte Llc $2,450,000 Fidelity National Title Co
5 Star Discount Homes Llc $850,000 Chicago Title Company
Joldich Maria -- Chicago Title Company
Joldich Medid -- --
Joldich Medid -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 5 Star Discount Homes Llc $250,000
Previous Owner 5 Star Discount Homes Llc $100,000
Previous Owner 5 Star Discount Homes Llc $300,000
Previous Owner 5 Star Discount Homes Llc $680,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $2,450,000 -2.0% $464 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $2,499,000 +194.0% $473 / Sq Ft
09/12/2018 09/12/18 Sold $850,000 -7.1% $460 / Sq Ft
08/05/2018 08/05/18 Pending -- -- --
07/26/2018 07/26/18 Price Changed $915,000 -7.6% $495 / Sq Ft
06/18/2018 06/18/18 Price Changed $990,000 -2.5% $535 / Sq Ft
05/25/2018 05/25/18 Price Changed $1,015,000 -3.3% $549 / Sq Ft
05/17/2018 05/17/18 Price Changed $1,050,000 -4.1% $568 / Sq Ft
04/25/2018 04/25/18 For Sale $1,095,000 -- $592 / 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 $32,089 $2,626,893 $1,554,692 $1,072,201
2023 $31,468 $2,575,386 $1,524,208 $1,051,178
2022 $30,002 $2,524,889 $1,494,322 $1,030,567
2021 $29,391 $2,475,382 $1,465,022 $1,010,360
2020 $10,702 $867,000 $693,600 $173,400
2019 $10,279 $850,000 $680,000 $170,000
2018 $1,120 $76,216 $45,003 $31,213
2016 $1,054 $73,257 $43,256 $30,001
2015 $1,041 $72,158 $42,607 $29,551
2014 $1,062 $70,746 $41,773 $28,973
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB19228957

California Regional Multiple Listing Service (CRMLS)

APN: 5535-034-012