NOT LISTED FOR SALE

Estimated Value: $903,000 - $993,812

6 Beds
4 Baths
2,200 Sq Ft
$437/Sq Ft Est. Value

Last Sold January 05, 2023

Last sale price $890,000 $405 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,277/month

21 Days on Market

Highlights

  • Living Room with Fireplace
  • Granite Countertops
  • Tankless Water Heater
  • Spanish Architecture
  • Front Porch
  • Dining Room

About This Home

As of January 2023

Take a look at your new holiday gift to yourself! This phenomenal Avalon Gardens investment opportunity is just 8 miles south of DTLA. Immediate cash flow opportunity. This 3 unit can not be beat! Low maintenance, great condition and fully occupied. Close to transit, eateries and freeway access.

Last Agent to Sell the Property

Kenya Reeves-Costa

Compass License #01734058 Listed on: 10/25/2022

Compass

Last Buyer's Agent

Jesse Colón

The R.R. Network License #01883728

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,554

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 5,140 Sq Ft Lot
  • Property is zoned LAR2

Parking

  • On-Street Parking

Home Design

  • Spanish Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Clay Roof

Interior Spaces

  • 2,200 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms
  • Low Flow Toliet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Front Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • Assessor Parcel Number 6063-011-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,554

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Entry Location: Living Room
  • Living Area: 2200
  • Lot Acreage: 0.1180
  • Property Condition: Updated/Remodeled
  • Year Built: 1924
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Common Walls
  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Appliances: Gas
  • Bedrooms: 6
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Low Flow Toilet(s)
  • Dining Room: 1
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dryer, Dishwasher, Range/Oven, Refrigerator, Washer, Microwave
  • Price Per S Q F T: 408.64

Exterior Features

  • Construction: Combination
  • Other Structures: None
  • Foundation Details: Raised
  • Patio: Porch - Front
  • Pool: No
  • Roof: Clay, Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Tankless, Gas
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2040.00
  • Maintenance Expense: 6000.00

Lot Info

  • Assessed Improvement Percent: 52.73
  • Assessed Improvement Value: 168254
  • Assessed Land Percent: 47.27
  • Assessed Land Value: 150848
  • Total Assessed Value: 319102
  • Assessor Parcel Number: 6063-011-020
  • Lot Description: Yard
  • Lot Size Area: 5140

Rental Info

  • Total Actual Rent: 80016.00
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.24
  • Number Of Units: 3
  • Total Annual Expense: 19278
  • Type Of Units: triplex
  • Vacancy Rate: Occupied

Tax Info

  • Tax Expense: 11238.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2022
Closed on
Dec 27, 2022
Sold by
Ali Khalid Jihad
Bought by
Perez Pedro Alfonso and De Leon Violeta
Seller's Agent
Kenya Reeves-Costa
Compass
Buyer's Agent
Jesse Colón
The R.R. Network
List Price
$899,000
Sold Price
$890,000
Premium/Discount to List
-$9,000
-1%
Views
16
Current Estimated Value
$962,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,203
Avg. Annual Appreciation
3.06%
Original Mortgage
$623,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2012
Sold by
Cotton Willie A and Cotton Gloria J
Bought by
Gb Inland Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
3.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 19, 2006
Sold by
Cotton Willie A and Cotton Gloria J
Bought by
Cotton Willie A and Cotton Gloria Jean

Purchase Details

Closed on
Jun 16, 2005
Sold by
Cotton Willie A and Cotton Gloria J
Bought by
Cotton Willie A and Cotton Gloria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
7.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2002
Sold by
Cotton Jacqueline C
Bought by
Cotton Willie A and Cotton Gloria Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,475
Interest Rate
6.71%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 1998
Sold by
Cotton Willie A and Cotton Gloria J
Bought by
Cotton Willie A and Cotton Gloria Jean

Purchase Details

Closed on
Sep 4, 1997
Sold by
Cotton Jacqueline C
Bought by
Cotton Willie A and Cotton Gloria Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,500
Interest Rate
8.75%

Purchase Details

Closed on
Sep 4, 1996
Sold by
Cotton Willie A and Cotton Gloria Jean
Bought by
Cotton Willie A and Cotton Gloria Jean
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
Perez Pedro Alfonso $899,000 Chicago Title Company
Gb Inland Properties Ii Llc $170,300 Accommodation
Cotton Willie A -- None Available
Cotton Willie A -- Financial Title Co San Berna
Cotton Willie A -- Southland Title Corporation
Cotton Willie A -- First American Title Co
Cotton Willie A -- American Title
Cotton Willie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Pedro Alfonso $825,000
Closed Perez Pedro Alfonso $623,000
Previous Owner Ali Khalid Jihad $412,500
Previous Owner Gb Inland Properties Ii Llc $9,000,000
Previous Owner Cotton Willie A $372,480
Previous Owner Cotton Willie A $318,750
Previous Owner Cotton Willie A $198,750
Previous Owner Cotton Willie A $167,475
Previous Owner Cotton Willie A $144,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2023 01/05/23 Sold $890,000 -1.0% $405 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
10/25/2022 10/25/22 For Sale $899,000 0.0% $409 / Sq Ft
07/14/2020 07/14/20 Rented $2,640 0.0% --
07/09/2020 07/09/20 Under Contract -- -- --
05/24/2020 05/24/20 Price Changed $2,640 -4.0% $2 / Sq Ft
04/08/2020 04/08/20 For Rent $2,750 0.0% --
02/28/2013 02/28/13 Sold $275,000 -8.0% $186 / Sq Ft
12/13/2012 12/13/12 Pending -- -- --
12/05/2012 12/05/12 For Sale $299,000 -- $202 / 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 $11,554 $935,319 $624,240 $311,079
2024 $11,554 $916,980 $612,000 $304,980
2023 $4,454 $325,483 $153,864 $171,619
2022 $4,259 $319,102 $150,848 $168,254
2021 $4,202 $312,846 $147,891 $164,955
2020 $4,238 $309,639 $146,375 $163,264
2019 $4,081 $303,568 $143,505 $160,063
2018 $4,005 $297,617 $140,692 $156,925
2016 $3,817 $286,063 $135,230 $150,833
2015 $3,760 $281,767 $133,199 $148,568
2014 $3,777 $276,248 $130,590 $145,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-210529

The MLS

APN: 6063-011-020