NOT LISTED FOR SALE

1020 W 98th St Los Angeles, CA 90044

Westmont Neighborhood

Estimated Value: $1,002,000 - $1,332,000

8 Beds
8 Baths
4,020 Sq Ft
$290/Sq Ft Est. Value

Last Sold June 23, 2015

Last sale price $628,000 $156 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $7,336/month

43 Days on Market

About This Home

As of June 2015

CASH COW!!! NON-RENT CONROLLED BUILDING. Four Units. Each unit is two bedrooms and two bathrooms; two story units with central A/C. Each Unit is about 1000 sqft. Carports in the back.

Last Agent to Sell the Property

Sebastian Stofenmacher

Edgestone Real Estate, Inc. License #01328684 Listed on: 04/30/2015

Last Buyer's Agent

Robert Flannigan

Estate Properties License #01271809

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,186

Year Built

  • Built in 1966

Lot Details

  • 6,640 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 4,020 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 4082
  • Assessor Parcel Number 6056018005

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $8,400
  • Gross Income $5,600
  • Net Operating Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,186

Year Built

Built in 1966

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Property Type: Residential Income
  • Parcel Number: 6056018005
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6640.00
  • Price Per Lot Square Foot: 94.58
  • Lot Size Acres: 0.1520

Multi Family

  • Gross Income: 5600.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6640.0000 Square Feet
  • Net Operating Income: 50400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16800.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8400.00
  • Tax Lot: 5
  • Tax Tract Number: 4082
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2015
Closed on
Jun 11, 2015
Sold by
Pali Investments Llc
Bought by
Thomas Alonzo
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Robert Flannigan
Estate Properties
List Price
$699,900
Sold Price
$628,000
Premium/Discount to List
-$71,900
-10.27%
Current Estimated Value
$1,169,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,667
Avg. Annual Appreciation
6.30%
Original Mortgage
$616,625
Interest Rate
3.77%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 2014
Sold by
Ofojebe Iwuchukwu K
Bought by
Pali Investments Llc

Purchase Details

Closed on
Aug 19, 2004
Sold by
Offco Inc
Bought by
Ofojebe Iwuchukwu K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2003
Sold by
Ofojebe Iwuchukwu K
Bought by
Ofojebe Iwuchukwu K and Ezenekwe Dennis C

Purchase Details

Closed on
Aug 12, 2002
Sold by
Navarro Miguel and Navarro Maria Delcarmen
Bought by
Ofojebe Iwuchukwu K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8.75%
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
Thomas Alonzo $628,000 Chicago Title Company
Pali Investments Llc $500,000 Chicago Title Company
Ofojebe Iwuchukwu K -- United Title Company-La
Ofojebe Iwuchukwu K -- --
Ofojebe Iwuchukwu K $260,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Alonzo $647,000
Closed Thomas Alonzo $182,161
Closed Thomas Alonzo $616,625
Previous Owner Pali Investments Llc $385,000
Previous Owner Ofojebe Iwuchukwu K $520,000
Previous Owner Ofojebe Iwuchukwu K $341,250
Previous Owner Ofojebe Iwuchukwu K $208,000
Closed Ofojebe Iwuchukwu K $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2015 06/23/15 Sold $628,000 -10.3% $156 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
03/26/2015 03/26/15 For Sale $699,900 +40.0% $174 / Sq Ft
02/06/2015 02/06/15 Sold $500,000 +6.4% $124 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
10/06/2014 10/06/14 For Sale $469,900 -- $117 / 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 $11,186 $754,754 $394,203 $360,551
2024 $11,186 $739,956 $386,474 $353,482
2023 $10,672 $725,448 $378,897 $346,551
2022 $10,214 $711,224 $371,468 $339,756
2021 $10,109 $697,280 $364,185 $333,095
2019 $9,822 $676,600 $353,384 $323,216
2018 $9,623 $663,334 $346,455 $316,879
2016 $9,219 $637,577 $333,002 $304,575
2015 $5,406 $313,312 $216,912 $96,400
2014 -- $307,175 $212,663 $94,512
Source: Public Records

Agents Affiliated with this Home

  • Sebastian Stofenmacher

    Seller's Agent in 2015

    Sebastian Stofenmacher

    Edgestone Real Estate, Inc.

    (818) 464-5113

    98 Total Sales

    Section Image

  • L

    Seller's Agent in 2015

    Lidia Fransis

    J & M Realty

    Section Image
  • Robert Flannigan

    Buyer's Agent in 2015

    Robert Flannigan

    RE/MAX

    (310) 692-0409

    21 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15063398

California Regional Multiple Listing Service (CRMLS)

APN: 6056-018-005

California Los Angeles County Los Angeles 90044 Westmont

1020 W 98th St, Los Angeles, CA

This home is located at 1020 W 98th St, Los Angeles, CA 90044 since 30 April 2015 and is currently estimated at $1,167,000, approximately $290 per square foot. This property was built in 1966. 1020 W 98th St is a home located in Los Angeles County with nearby schools including Ninety-Fifth Street Elementary School, Bret Harte Preparatory Middle School, and George Washington Preparatory 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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