NOT LISTED FOR SALE

Estimated Value: $721,000 - $847,000

3 Beds
3 Baths
1,836 Sq Ft
$432/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $724,900 $395 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,143/month

22 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Laundry Room
  • Property is near public transit
  • No HOA
  • Accessible Parking

About This Home

As of March 2022

Great Income Property in the Heartland of South-Central Los Angeles for Sale. Property has some recent updates, and it is ready for the savvy investor with vision and ambitions. Each unit consist of One Bedroom, One Bathroom, Kitchen, Breakfast Nock Area, and Living Room. It also has three separate One Car Garage in the back with Alley Access. Property is fully occupied, and all tenants are paying their rent on time. The seller had requested information from the city regarding adding ADUs on top of the Garages and it seems that the city has given the okay for it. However, further investigation should be sought by Buyer(s) and their agent. Current rents on property are below market and so, there is room for increase. Please contact the listing broker for additional information.

Last Agent to Sell the Property

Manlio Ceja-Gomez

KELLER WILLIAMS REALTY License #02023306 Listed on: 01/07/2022

KELLER WILLIAMS REALTY

Last Buyer's Agent

Lorraine Lewis

Bridgegap Real Estate License #01987406

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,438

Year Built

  • Built in 1940

Lot Details

  • 5,739 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Fence is in good condition
  • Front Yard
  • Value in Land

Parking

  • 3 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • 1,836 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Private Water Source
  • Sewer Paid

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, parking fee
  • Tax Lot 1459
  • Tax Tract Number 6
  • Assessor Parcel Number 6029005015
  • $365 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,347
  • Trash Expense $300
  • Water Sewer Expense $3,537
  • New Taxes Expense $4,479
  • Operating Expense $9,543
  • Gross Income $37,512
  • Net Operating Income $25,269

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,438

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.80
  • Price Per Unit: 241633
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • View: No
  • Water Sewer Expenses: 3537.00
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6029005015
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 394.83
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Good Condition, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 300.00
  • Water Source: Private

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Near Public Transit, Value In Land
  • Lot Size Sq Ft: 5739.00
  • Lot Size Acres: 0.1317

Rental Info

  • Garage Rental Rate: 75.00
  • Tenant Pays: Cable TV, Electricity, Gas, Parking Fee

Multi Family

  • Average1 Bed Area: 612 Square Feet
  • Garage Income: 225.00
  • Gross Income: 37512.00
  • Gross Scheduled Income: 34812.00
  • Insurance Expense: 1347.00
  • Lot Size Area: 5739.0000 Square Feet
  • Net Operating Income: 25269.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 9543.00
  • Rent Control: Yes
  • Total Actual Rent: 2901.05
  • Total Expenses: 9543.00

Tax Info

  • New Taxes Expense: 4479.00
  • Tax Census Tract: 2398.01
  • Tax Lot: 1459
  • Tax Tract Number: 6
  • TaxOtherAnnualAssessmentAmount: 365.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2024
Sold by
Orr Waltee Emmanuel
Bought by
Waltee Emmanuel Orr Living Trust and Orr
Current Estimated Value
$795,689

Purchase Details

Listed on
Jan 7, 2022
Closed on
Feb 3, 2022
Sold by
Lupe Martinez Lynn
Bought by
Orr Waltee E
Seller's Agent
Manlio Ceja-Gomez
KELLER WILLIAMS REALTY
Buyer's Agent
Lorraine Lewis
Bridgegap Real Estate
List Price
$724,900
Sold Price
$724,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.40%
Original Mortgage
$711,769
Interest Rate
3.55%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 18, 2013
Closed on
Oct 9, 2014
Sold by
Martinez Jose Gerardo
Bought by
Martinez Lynn Lupe
Seller's Agent
Mike McGirr
CENTERPOINTE REALTY
Buyer's Agent
Diana Hernandez
T.N.G. Real Estate Consultants
List Price
$350,000
Sold Price
$315,000
Premium/Discount to List
-$35,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.08%
Original Mortgage
$189,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 27, 2009
Sold by
Milnes Heather
Bought by
Oronoz Properties Llc

Purchase Details

Closed on
Dec 31, 2008
Sold by
Oronoz Jesse A and Oronoz Laura A
Bought by
Oronoz Jesse A

Purchase Details

Closed on
Jan 31, 2008
Sold by
Oronoz Jesse A and Oronoz Laura A
Bought by
Oronoz Anthony

Purchase Details

Closed on
Dec 12, 2003
Sold by
Oronoz Jesse A and Oronoz Laura Anne
Bought by
Oronoz Jesse A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.72%
Mortgage Type
Unknown
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
Waltee Emmanuel Orr Living Trust -- None Listed On Document
Orr Waltee E $725,000 Fidelity National Title
Martinez Lynn Lupe -- Wfg Title
Martinez Lynn Lupe $315,000 Wfg Title
Oronoz Properties Llc -- None Available
Oronoz Properties Llc -- None Available
Oronoz Jesse A -- None Available
East Eighty First Street Properties Llc -- None Available
Oronoz Properties Llc -- None Available
Oronoz Properties Llc -- None Available
Oronoz Properties Llc -- None Available
Oronoz Jesse A -- None Available
Oronoz Jesse A -- None Available
Oronoz Jesse A -- None Available
Milnes Heather -- None Available
Oronoz Anthony -- None Available
Oronoz Jesse A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orr Waltee E $711,769
Previous Owner Martinez Lynn Lupe $189,000
Previous Owner Oronoz Jesse A $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2022 03/24/22 Sold $724,900 0.0% $395 / Sq Ft
01/29/2022 01/29/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $724,900 +130.1% $395 / Sq Ft
12/02/2014 12/02/14 Sold $315,000 -10.0% $172 / Sq Ft
10/06/2014 10/06/14 Pending -- -- --
12/18/2013 12/18/13 For Sale $350,000 -- $191 / 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 $9,438 $769,375 $573,052 $196,323
2024 $9,438 $754,290 $561,816 $192,474
2023 $9,258 $739,500 $550,800 $188,700
2022 $4,540 $356,738 $203,852 $152,886
2021 $4,479 $349,744 $199,855 $149,889
2019 $4,350 $339,373 $193,928 $145,445
2018 $4,266 $332,720 $190,126 $142,594
2016 $4,067 $319,803 $182,745 $137,058
2015 $4,010 $315,000 $180,000 $135,000
2014 $1,257 $80,319 $29,106 $51,213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22003349

California Regional Multiple Listing Service (CRMLS)

APN: 6029-005-015