Seller's Agent in 2020
Manny Archondo
RE/MAX
(310) 344-9739
1 in this area
40 Total Sales
1020 E 48th St Unit 3 Los Angeles, CA 90011
South Park NeighborhoodEstimated Value: $885,000 - $928,000
9
Beds
3
Baths
2,450
Sq Ft
$370/Sq Ft
Est. Value
Highlights
- Secluded Lot
- No HOA
- Laundry Room
About This Home
As of September 2020Amazing triplex.. Great Investment Opportunity.. This rare find has 3 homes each with 3 bedrooms and 1 bathroom,. All homes were totally renovated in 2000 and they are well maintained and in good condition. Perfect for the investor who wants good rents or the family who wants to live in the front house…. The property offers, newer windows, newer doors, coper plumbing, recently painted interior-exterior, security gate, separate electric meters, separate gas meters, tile and carpet floors, washer dyer hookups, one garage and long driveway with lots of parking space… The front house is a separate structure with its independent front yard; it is owners occupied who will move out at the close of escrow… The two units in the back have very good long term tenants that pay the actual rents… One garage is converted to guest/bonus room for front house, sold as-is. property is located minutes away from Downtown Los Angeles.
Last Agent to Sell the Property
Estate Properties License #01373926 Listed on: 07/03/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,689
Year Built
- Built in 1924
Lot Details
- 7,507 Sq Ft Lot
- 1 Common Wall
- Secluded Lot
Parking
- 2 Car Garage
Home Design
- 2,450 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 15 / A
- Tax Tract Number 229200
- Assessor Parcel Number 5108021017
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 2 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,350
- Maintenance Expense $780
- Water Sewer Expense $2,160
- New Taxes Expense $8,100
- Operating Expense $12,390
- Gross Income $57,600
- Net Operating Income $42,330
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 28, 2024
Sold by
Itkin Michael and Itkin Tatyana
Bought by
Itkin Family Trust and Itkin
Current Estimated Value
Purchase Details
Listed on
Jul 3, 2020
Closed on
Jul 20, 2020
Sold by
Granados Enrique and Granados Ana D
Bought by
Itkin Michael and Itkin Tatyana
Seller's Agent
Manny Archondo
Estate Properties
Buyer's Agent
Leticia (Letty) Cortez
West Shores Realty, Inc.
List Price
$675,000
Sold Price
$721,500
Premium/Discount to List
$46,500
6.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%
Original Mortgage
$465,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 10, 2003
Sold by
Granados Ana D and Granados Enrique
Bought by
Granados Enrique and Granados Ana D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,200
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 14, 2001
Sold by
Roldan Jose and Perdomo Selvin
Bought by
Granados Granados and Granados Enrique
Purchase Details
Closed on
Oct 13, 2000
Sold by
Shelter First Inc
Bought by
Granados Enrique and Chevez Gumercinda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,800
Interest Rate
7.88%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 12, 2000
Sold by
Hud
Bought by
Shelter First Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
8.15%
Purchase Details
Closed on
Mar 7, 2000
Sold by
Countrywide Home Loans
Bought by
Hud
Purchase Details
Closed on
Oct 8, 1999
Sold by
Torres Nicandro and Hernandez Martha
Bought by
Countrywide Home Loans Inc
Purchase Details
Closed on
Mar 20, 1998
Sold by
Acosta Alejandro E and Acosta Concepcion
Bought by
Torres Nicandro and Hernandez Martha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,371
Interest Rate
7.13%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Itkin Family Trust | -- | None Listed On Document | |
| Itkin Michael | $721,500 | Progressive Title Co Inc | |
| Granados Enrique | -- | Southland Title | |
| Granados Granados | -- | -- | |
| Granados Enrique | $269,000 | First American Title Co | |
| Shelter First Inc | $155,000 | New Century Title Company | |
| Hud | -- | Benefit Land Title Ins Co | |
| Countrywide Home Loans Inc | $224,608 | American Title | |
| Torres Nicandro | $205,000 | Benefit Land Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Itkin Michael | $465,000 | |
| Previous Owner | Granados Enrique | $239,109 | |
| Previous Owner | Granados Enrique | $30,000 | |
| Previous Owner | Granados Enrique | $275,200 | |
| Previous Owner | Granados Enrique | $266,800 | |
| Previous Owner | Shelter First Inc | $162,000 | |
| Previous Owner | Torres Nicandro | $198,371 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2020 09/14/20 | Sold | $721,500 | 0.0% | $294 / Sq Ft |
| 07/12/2020 07/12/20 | Pending | -- | -- | -- |
| 07/08/2020 07/08/20 | Off Market | $721,500 | -- | -- |
| 07/03/2020 07/03/20 | For Sale | $675,000 | -- | $276 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,689 | $780,971 | $429,723 | $351,248 |
| 2024 | $9,689 | $765,659 | $421,298 | $344,361 |
| 2023 | $9,507 | $750,647 | $413,038 | $337,609 |
| 2022 | $9,074 | $735,930 | $404,940 | $330,990 |
| 2021 | $8,957 | $721,500 | $397,000 | $324,500 |
| 2020 | $4,838 | $370,613 | $209,419 | $161,194 |
| 2019 | $4,659 | $363,347 | $205,313 | $158,034 |
| 2018 | $4,527 | $356,224 | $201,288 | $154,936 |
| 2016 | $4,308 | $342,394 | $193,473 | $148,921 |
| 2015 | $4,247 | $337,252 | $190,567 | $146,685 |
| 2014 | $4,278 | $330,647 | $186,835 | $143,812 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Leticia (Letty) Cortez
West Shores Realty, Inc.
(310) 651-0149
2 in this area
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20127578
APN: 5108-021-017
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