NOT LISTED FOR SALE

Estimated Value: $700,931 - $827,000

5 Beds
3 Baths
1,963 Sq Ft
$400/Sq Ft Est. Value

Last Sold October 06, 2020

Last sale price $570,000 $290 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,891/month

175 Days on Market

Highlights

  • Ground Level Unit
  • 3 Detached Carport Spaces
  • 1-Story Property
  • Slab Porch or Patio

About This Home

As of October 2020

Beautiful 2 unit property located in Los Angeles. Home offers 2 units. Each has 2 Bed & 1 Bath. Long driveway and 3 carport parking spaces. Title reflects 3 units but physically its only 2! Zoned R3 lot. Seller originally planned to build out the 3rd unit and never got around to it. Great investment opportunity. Both Units are vacant and ready to rent. New paint, new floor, show and sell! Agents bring your buyers this investment property will not last! BACK ON THE MARKET!

Last Agent to Sell the Property

Albert Preciado

The Mortgage Guy Inc. License #01934902 Listed on: 02/21/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,699

Year Built

  • Built in 1924

Lot Details

  • 5,000

Home Design

  • Duplex

Interior Spaces

  • 1,963 Sq Ft Home
  • 1-Story Property
  • Window Bars
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 3 Parking Spaces
  • 3 Detached Carport Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Additional Features

  • Slab Porch or Patio
  • 5,000 Sq Ft Lot
  • Ground Level Unit

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 6054-011-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,699

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: Yes
  • Living Area: 1963
  • Price Per Unit: 310000.00
  • Probate: No
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Laundry: In Kitchen
  • Total Bathrooms: 3.00
  • Equipment: Hood Fan
  • Price Per S Q F T: 303.11

Exterior Features

  • Other Structures: None
  • Construction: Frame and Stucco
  • Patio: Concrete Slab
  • Paved: Yes
  • View: No

Garage/Parking

  • Carport Spaces: 3
  • Other Spaces: 4
  • Covered Parking: 3
  • Parking Garage: Carport Detached
  • Total Parking: 3

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Window Bars
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 55194
  • Assessed Land Value: 242857
  • Assessor Parcel Number: 6054-011-030
  • Geocode Override: No
  • Lot Size Area: 5000

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.70
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 2880
  • Type Of Units: duplex
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2020
Closed on
Sep 4, 2020
Sold by
Castro Rosa R and Gonzalez Winston E
Bought by
Portillo Miguel Turcios and Portillo Gilma Rivera
Seller's Agent
Albert Preciado
The Mortgage Guy Inc.
List Price
$594,997
Sold Price
$570,000
Premium/Discount to List
-$24,997
-4.2%
Current Estimated Value
$785,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,983
Avg. Annual Appreciation
6.14%
Original Mortgage
$559,675
Outstanding Balance
$498,925
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$265,102

Purchase Details

Closed on
Aug 22, 2016
Sold by
Castro Rosa R and Gonzalez Winston E
Bought by
Castro Rosa R and Gonzalez Winston E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2016
Sold by
Castro Rosa Raymundo and Gonzalez Winston E
Bought by
Castro Rosa Raymundo and Gonzalez Winston E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,407
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 7, 2010
Sold by
Shoomer Elias and Talasazan Markel
Bought by
Castro Rosa Raymundo and Gonzalez Winston

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,412
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 17, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Shoomer Elias and Talasazan Marsel

Purchase Details

Closed on
May 29, 2009
Sold by
Macias Enrique
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Mar 16, 2006
Sold by
Gb Casas Investments & Management Inc
Bought by
Macias Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 22, 2005
Sold by
Correa Javier and Correa Veronica R
Bought by
Gb Casas Investments & Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 1999
Sold by
Rodriguez Salvador and Herrera Maria
Bought by
Correa Javier and Correa Veronica R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
6.63%
Source: Public Records

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
Portillo Miguel Turcios $570,000 Stewart Title
Castro Rosa R -- Orange Coast Title Co Socal
Castro Rosa Raymundo -- Chicago Title Company
Castro Rosa Raymundo $270,000 Cctn
Shoomer Elias $157,000 Lawyers Title Company
Deutsche Bank National Trust Company $207,000 None Available
Macias Enrique $520,000 Investors Title Company
Gb Casas Investments & Management Inc $345,000 Investors Title Company
Correa Javier -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Portillo Miguel Turcios $559,675
Previous Owner Castro Rosa R $254,000
Previous Owner Castro Rosa Raymundo $246,407
Previous Owner Castro Rosa Raymundo $266,412
Previous Owner Macias Enrique $104,000
Previous Owner Macias Enrique $416,000
Previous Owner Gb Casas Investments & Management Inc $339,500
Previous Owner Correa Javier $143,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2020 10/06/20 Sold $570,000 -4.2% $290 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $594,997 0.0% $303 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
04/24/2020 04/24/20 Price Changed $594,997 -0.8% $303 / Sq Ft
04/20/2020 04/20/20 Price Changed $599,996 0.0% $306 / Sq Ft
04/03/2020 04/03/20 Price Changed $599,997 0.0% $306 / Sq Ft
04/03/2020 04/03/20 For Sale $599,997 -3.2% $306 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
02/21/2020 02/21/20 For Sale $620,000 -- $316 / 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
2025 $7,699 $616,985 $432,972 $184,013
2024 $7,699 $604,888 $424,483 $180,405
2023 $7,558 $593,028 $416,160 $176,868
2022 $7,220 $581,400 $408,000 $173,400
2021 $7,125 $570,000 $400,000 $170,000
2020 $4,136 $316,291 $257,721 $58,570
2019 $3,983 $310,090 $252,668 $57,422
2018 $3,884 $304,011 $247,714 $56,297
2016 $3,702 $292,208 $238,096 $54,112
2015 $3,650 $287,820 $234,520 $53,300
2014 $3,681 $282,183 $229,927 $52,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-557012

The MLS

APN: 6054-011-030