NOT LISTED FOR SALE

Estimated Value: $845,000 - $989,041

7 Beds
3 Baths
2,175 Sq Ft
$412/Sq Ft Est. Value

Last Sold February 08, 2021

Last sale price $615,000 $283 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,380/month

7 Days on Market

Highlights

  • Craftsman Architecture
  • No HOA
  • Laundry Room
  • Private Yard
  • Double Pane Windows
  • Wrought Iron Fence

About This Home

As of February 2021

2 Separate Houses on a lot in good condition in the heart of LA. One property to be delivered empty for quick rental at market price or owner user. Separate meters for each house. Huge upside potential in rental income. 2 car garage and plenty of onsite parking.

Last Agent to Sell the Property

Adam Alcaraz

Coldwell Banker Realty License #01225657 Listed on: 11/11/2020

Coldwell Banker Realty

Last Buyer's Agent

Adam Alcaraz

Coldwell Banker Realty License #01225657 Listed on: 11/11/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 7,349 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard

Home Design

  • Duplex
  • Craftsman Architecture
  • Contemporary Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,175 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Home Security

  • Window Bars
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway Level
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 9
  • Tax Tract Number 229200
  • Assessor Parcel Number 5108022012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $6,765
  • Operating Expense $8,365
  • Gross Income $28,325
  • Net Operating Income $28,325

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • CapRate: 4.60
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Smoke Detector(s), Window Bars
  • View: No
  • Zoning: LAR2
  • Architectural Style: Contemporary, Craftsman
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5108022012
  • Year Built: 1903
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 282.76
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete, Driveway Level
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Level, Yard
  • Lot Size Sq Ft: 7349.00
  • Lot Size Acres: 0.1687

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 28325.00
  • Gross Operating Income: 36690.00
  • Gross Scheduled Income: 37824.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7349.0000 Square Feet
  • Net Operating Income: 28325.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8365.00
  • Rent Control: Yes
  • Total Actual Rent: 3152.00
  • Total Expenses: 8365.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6765.00
  • Tax Area: 00-007
  • Tax Census Tract: 2292.00
  • Tax Lot: 9
  • Tax Tract Number: 229200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2018
Sold by
Lepe Olga Lidia and Nava Olga Lidia
Bought by
Lepe Olga Lidia
Current Estimated Value
$895,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Outstanding Balance
$312,146
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$583,114

Purchase Details

Listed on
Feb 17, 2012
Closed on
May 24, 2012
Sold by
Nava Justino
Bought by
Nava Olga Lidia
Seller's Agent
Minerva Moreno
United Brokers Realty
Buyer's Agent
Christian Limon
Century 21 A Better Service
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$338,751
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 17, 2012
Closed on
May 22, 2012
Sold by
1427 W 108Th Street Llc
Bought by
Nava Olga Lidia
Seller's Agent
Minerva Moreno
United Brokers Realty
Buyer's Agent
Christian Limon
Century 21 A Better Service
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,751
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 2011
Sold by
Luna Agustin
Bought by
1427 West 108Th Street Llc and Deermont Llc

Purchase Details

Closed on
Mar 9, 2006
Sold by
Duenas Socorro
Bought by
Graciliano Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8.32%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 1, 2006
Sold by
Graciliano Andres
Bought by
Luna Agustin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8.32%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 3, 2003
Sold by
Ramirez Manuel Graciliano
Bought by
Graciliano Andres

Purchase Details

Closed on
Jan 30, 1995
Sold by
Hernandez Ramiro
Bought by
Ramirez Manuel Graciliano and Graciliano Andres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
9.21%

Purchase Details

Closed on
Jan 27, 1995
Sold by
Pineda Martha
Bought by
Graciliano Andres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
9.21%

Purchase Details

Closed on
Jan 4, 1995
Sold by
Wiltz Glenn R and Wiltz Callie G
Bought by
Ramirez Manuel Graciliano and Graciliano Andres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
9.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lepe Olga Lidia -- Title365 Company
Nava Olga Lidia -- Chicago Title
Nava Olga Lidia $345,000 Chicago Title
1427 West 108Th Street Llc -- None Available
Graciliano Manuel -- Gateway Title Company
Luna Agustin $400,000 Gateway Title Company
Graciliano Andres -- --
Ramirez Manuel Graciliano -- --
Graciliano Andres -- Commonwealth Land Title Ins
Ramirez Manuel Graciliano $125,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lepe Olga Lidia $363,750
Closed Nava Olga Lidia $338,751
Previous Owner Luna Agustin $320,000
Previous Owner Ramirez Manuel Graciliano $118,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/08/2021 02/08/21 Sold $615,000 0.0% $283 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $615,000 +78.3% $283 / Sq Ft
06/04/2012 06/04/12 Sold $345,000 -1.4% $159 / Sq Ft View Prior Sale
04/18/2012 04/18/12 Pending -- -- --
02/17/2012 02/17/12 For Sale $350,000 -- $161 / 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
2025 $8,390 $665,694 $432,972 $232,722
2024 $8,260 $652,642 $424,483 $228,159
2023 $8,105 $639,846 $416,160 $223,686
2022 $7,735 $627,300 $408,000 $219,300
2021 $5,112 $400,331 $223,606 $176,725
2020 $5,159 $396,227 $221,314 $174,913
2019 $4,965 $388,459 $216,975 $171,484
2018 $4,843 $380,843 $212,721 $168,122
2016 $4,615 $366,056 $204,461 $161,595
2015 $4,550 $360,558 $201,390 $159,168
2014 $4,577 $353,497 $197,446 $156,051
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20236851

California Regional Multiple Listing Service (CRMLS)

APN: 5108-022-012