NOT LISTED FOR SALE

1010 Garfield Ave Los Angeles, CA 90022

Estimated Value: $815,000 - $871,944

3 Beds
3 Baths
1,672 Sq Ft
$497/Sq Ft Est. Value

Last Sold June 27, 2019

Last sale price $590,000 $353 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,174/month

44 Days on Market

About This Home

As of June 2019

We are pleased to offer this "Turn-Key" 3 unit multi-family investment in the city of East Los Angeles. With many recent improvements such as new kitchens, bathrooms and exterior paint, a new investor can take advantage of the ease of management this property offers. All tenants pay for their own electricity & gas while the owner pays for water & trash. Tenants enjoy onsite parking, one per tenant, as well as gated secure entry. With a 25% down payment investment a new owner can look to earn between a 5.4% - 7.45% cash-on-cash return, very rare for this part of the city.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 04/08/2019

RE/MAX 2000 REALTY

Last Buyer's Agent

Efren Valdovinos

Five Heights Realty Corp. License #01960598

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,195

Year Built

  • Built in 1961

Lot Details

  • 2,412 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 1,672 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 004
  • Tax Tract Number 4
  • Assessor Parcel Number 6351006004

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Maintenance Expense $1,500
  • Other Expense $400
  • Water Sewer Expense $2,217
  • New Taxes Expense $6,971
  • Operating Expense $11,888
  • Gross Income $50,712
  • Net Operating Income $37,303

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,195

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2217.00
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Parcel Number: 6351006004
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 352.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2412.00
  • Lot Size Acres: 0.0554

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 50712.00
  • Gross Operating Income: 49191.00
  • Gross Scheduled Income: 50712.00
  • Insurance Expense: 800.00
  • Lot Size Area: 2412.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 37303.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11888.00
  • Other Expense: 400.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 11888.00
  • Vacancy Allowance: 1521

Tax Info

  • New Taxes Expense: 6971.00
  • Tax Census Tract: 5319.02
  • Tax Lot: 004
  • Tax Tract Number: 004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2021
Sold by
Leyva Rosalinda
Bought by
Rosalinda Leyva Revocable Trust and Leyva
Current Estimated Value
$830,486

Purchase Details

Listed on
Apr 8, 2019
Closed on
May 31, 2019
Sold by
Sarma Srinivas J and Sarma Sabena L
Bought by
Valdovinos Efren and Leyva Valdovinos Rosalinda
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Efren Valdovinos
Five Heights Realty Corp.
List Price
$595,000
Sold Price
$590,000
Premium/Discount to List
-$5,000
-0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%
Original Mortgage
$413,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2017
Closed on
Dec 27, 2017
Sold by
Gallegos Nicolas
Bought by
Sarma Srinivas J and Sarma Sabena L
Seller's Agent
henry vega
Enrique Henry Vega Jr. Broker
Buyer's Agent
Sabena Sarma
COMPASS
List Price
$575,000
Sold Price
$551,500
Premium/Discount to List
-$23,500
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.94%
Original Mortgage
$403,285
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2001
Sold by
Silva George
Bought by
Gallegos Nicolas and Gallegos Ambrosio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,940
Interest Rate
6.67%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 11, 1998
Sold by
Ceballos Cande
Bought by
Sanchez Isaac and Sanchez Ludim
Source: Public Records

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
Rosalinda Leyva Revocable Trust -- None Listed On Document
Valdovinos Efren $590,000 Fidelity National Title
Sarma Srinivas J $538,000 Lawyers Title
Gallegos Nicolas $198,000 First American Title Co
Silva George -- First American Title Co
Sanchez Isaac -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valdovinos Efren $413,000
Previous Owner Sarma Srinivas J $403,285
Previous Owner Gallegos Nicolas $194,940
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2019 06/27/19 Sold $590,000 -0.8% $353 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $595,000 +7.9% $356 / Sq Ft
02/01/2018 02/01/18 Sold $551,500 +0.3% $330 / Sq Ft View Prior Sale
12/20/2017 12/20/17 Pending -- -- --
12/17/2017 12/17/17 Price Changed $550,000 -4.3% $329 / Sq Ft
12/10/2017 12/10/17 For Sale $575,000 -- $344 / 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 $9,195 $658,151 $390,429 $267,722
2024 $9,195 $645,247 $382,774 $262,473
2023 $8,949 $632,596 $375,269 $257,327
2022 $8,661 $620,193 $367,911 $252,282
2021 $8,385 $608,034 $360,698 $247,336
2020 $8,329 $601,800 $357,000 $244,800
2019 $7,618 $548,454 $355,980 $192,474
2018 $4,377 $257,057 $132,424 $124,633
2016 $4,204 $247,078 $127,283 $119,795
2015 $4,008 $243,368 $125,372 $117,996
2014 $3,923 $238,602 $122,917 $115,685
Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2019

    Kristopher German

    RE/MAX

    (909) 645-0443

    5 in this area

    123 Total Sales

    Kristopher German
    Section Image

  • E

    Buyer's Agent in 2019

    Efren Valdovinos

    Five Heights Realty Corp.

  • henry vega

    Seller's Agent in 2018

    henry vega

    Enrique Henry Vega Jr. Broker

    (323) 833-6466

    1 in this area

    50 Total Sales

    henry vega
    Section Image
  • Sabena Sarma

    Buyer's Agent in 2018

    Sabena Sarma

    COMPASS

    (626) 641-5509

    53 Total Sales

    Sabena Sarma
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19078351

California Regional Multiple Listing Service (CRMLS)

APN: 6351-006-004

California Los Angeles County Los Angeles 90022

1010 Garfield Ave, Los Angeles, CA

This home is located at 1010 Garfield Ave, Los Angeles, CA 90022 since 08 April 2019 and is currently estimated at $830,486, approximately $496 per square foot. This property was built in 1961. 1010 Garfield Ave is a home located in Los Angeles County with nearby schools including Washington Elementary School, Montebello Intermediate School, and Montebello High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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