NOT LISTED FOR SALE

1021 N Rowan Ave Los Angeles, CA 90063

Estimated Value: $971,000 - $996,000

8 Beds
4 Baths
2,604 Sq Ft
$379/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $700,000 $269 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,397/month

14 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Laundry Room
  • James A. Garfield Senior High School Rated A

About This Home

As of July 2018

4 units in East L.A. with incredible hilltop views and city lights. No rent control!!! Great value add opportunity in hot dense populated part of Los Angeles. Great example is the newer build right next door. Very cool hip street with amazing views as you drive up to this property. Good parking for each unit. There is also an additional storage unit attached that is currently not being used. Priced to sell fast.

Last Agent to Sell the Property

Jeff Brandolino

Brandolino Group License #01259914 Listed on: 06/21/2018

Last Buyer's Agent

Belkis Pazos

NestnKey License #00914697

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,430

Year Built

  • Built in 1924

Lot Details

  • 6,115 Sq Ft Lot
  • No Common Walls
  • Lot Sloped Down

Parking

  • Parking Available

Interior Spaces

  • 2,604 Sq Ft Home
  • 2-Story Property
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 41
  • Tax Tract Number 5750
  • Assessor Parcel Number 5231005009

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $400
  • Insurance Expense $3,013
  • Water Sewer Expense $2,000
  • New Taxes Expense $6,764
  • Operating Expense $12,177
  • Net Operating Income $35,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,430

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: LCR3*
  • Property Type: Residential Income
  • Parcel Number: 5231005009
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 268.82

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Parking: Yes

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down
  • Lot Size Sq Ft: 6115.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 400.00
  • Gross Scheduled Income: 47676.00
  • Insurance Expense: 3013.00
  • Net Operating Income: 35435.03
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12241.00
  • Rent Control: No
  • Total Actual Rent: 3973.01
  • Total Expenses: 12176.70

Tax Info

  • New Taxes Expense: 6763.70
  • Tax Census Tract: 5308.01
  • Tax Lot: 41
  • Tax Tract Number: 5750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2018
Closed on
Jul 12, 2018
Sold by
Tbb Valley Investments Llc
Bought by
Rodriguez Ryan and Pazos Joseph
Seller's Agent
Jeff Brandolino
Brandolino Group
Buyer's Agent
Belkis Pazos
NestnKey
List Price
$689,000
Sold Price
$700,000
Premium/Discount to List
$11,000
1.6%
Current Estimated Value
$985,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,773
Avg. Annual Appreciation
4.99%
Original Mortgage
$560,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2014
Sold by
Great Western Capital Llc
Bought by
Tbb Valley Investments Llc and Amber Investment Group Inc

Purchase Details

Closed on
Apr 3, 2014
Sold by
Abrego Fernando A
Bought by
Great Western Capital Llc and Tbb Valley Investments Llc

Purchase Details

Closed on
Apr 19, 2002
Sold by
Molina Santiago Antonio
Bought by
Abrego Fernando A

Purchase Details

Closed on
Nov 8, 1996
Sold by
Baja Investment Group
Bought by
Abrego Fernando A and Molina Santiago Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,917
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 6, 1996
Sold by
Valle Thomas
Bought by
Baja Investment Group

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,917
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 1, 1996
Sold by
Great Western Bank Fsb
Bought by
Valle Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8.18%

Purchase Details

Closed on
Dec 27, 1995
Sold by
Aranda Jovita Ramirez and Great Western Bank Fsb
Bought by
Great Western Bank Fsb
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
Rodriguez Ryan $700,000 Orange Coast Title Company
Tbb Valley Investments Llc -- None Available
Great Western Capital Llc -- None Available
Abrego Fernando A -- --
Abrego Fernando A $200,000 Benefit Land Title Co
Baja Investment Group -- Benefit Land Title Co
Valle Thomas $80,000 First American
Great Western Bank Fsb $70,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Ryan $552,500
Closed Rodriguez Ryan $560,000
Previous Owner Tbb Valley Investments Llc $252,280
Previous Owner Abrego Fernando A $493,000
Previous Owner Abrego Fernando A $359,500
Previous Owner Abrego Fernando A $263,000
Previous Owner Abrego Fernando A $202,490
Previous Owner Abrego Fernando A $193,917
Previous Owner Valle Thomas $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2018 07/27/18 Sold $700,000 +1.6% $269 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $689,000 -- $265 / 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 $11,430 $780,858 $558,873 $221,985
2024 $11,430 $765,548 $547,915 $217,633
2023 $10,907 $750,538 $537,172 $213,366
2022 $10,429 $735,823 $526,640 $209,183
2021 $10,311 $721,396 $516,314 $205,082
2020 $10,384 $714,000 $511,020 $202,980
2019 $10,015 $700,000 $501,000 $199,000
2018 $6,965 $440,551 $265,603 $174,948
2016 $6,686 $423,446 $255,291 $168,155
2015 $6,592 $347,812 $209,095 $138,717
2014 $4,965 $271,412 $106,281 $165,131
Source: Public Records

Agents Affiliated with this Home

  • Jeff Brandolino

    Seller's Agent in 2018

    Jeff Brandolino

    Brandolino Group

    (661) 510-9770

    203 Total Sales

    Section Image

  • B

    Buyer's Agent in 2018

    Belkis Pazos

    NestnKey

    (626) 524-8465

    7 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18139619

California Regional Multiple Listing Service (CRMLS)

APN: 5231-005-009

California Los Angeles County Los Angeles 90063

1021 N Rowan Ave, Los Angeles, CA

This home is located at 1021 N Rowan Ave, Los Angeles, CA 90063 since 21 June 2018 and is currently estimated at $985,773, approximately $378 per square foot. This property was built in 1924. 1021 N Rowan Ave is a home located in Los Angeles County with nearby schools including Harrison Street Elementary School, Belvedere Middle School, and Engineering And Technology Academy At Esteban E. Torres High No. 3.

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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