NOT LISTED FOR SALE

Estimated Value: $730,000 - $970,000

4 Beds
2 Baths
2,036 Sq Ft
$409/Sq Ft Est. Value

Last Sold July 01, 2013

Last sale price $326,000 $160 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $4,828/month

27 Days on Market

Highlights

  • Spanish Architecture
  • Laundry Room
  • Wrought Iron Fence
  • Living Room
  • Stone Flooring
  • Wall Furnace

About This Home

As of July 2013

Beautiful newly remodeled Spanish-style duplex home in the heart of South Los Angeles ready for move-in today! Whether you are an investor or a future homeowner looking to lease out the second unit, this property is the perfect opportunity! Both units boast gorgeous new hardwood laminate flooring throughout the spacious living and dining areas! Each unit also features its own newly remodeled chef’s kitchen complete with new tile floors, new cabinets, and stunning new granite counters! Both of the pristine remodeled bathrooms also feature new tile floors as well as elegant new vanities and beautiful new shower/bathtubs! Brand new carpet in the bedrooms; freshly painted interior/exterior; laundry hook-ups inside; two detached garage spaces in back; located within minutes of schools, parks, USC, LA Coliseum, Downtown, Fashion District, Dodgers Stadium, the 110 freeway, and the shops & restaurants of the Vermont Slauson Shopping Center. This property is a fantastic owner/investor opportunity that will not be available for long!

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 05/14/2013

Last Buyer's Agent

Richard Rede

RR Realty & Investments License #01095198

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,980

Year Built

  • Built in 1924

Lot Details

  • 5,169 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Front Yard Sprinklers

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Tile Roof
  • Clay Roof
  • Stucco

Interior Spaces

  • 2,036 Sq Ft Home
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 123
  • Assessor Parcel Number 5002019020

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,300
  • Net Operating Income $39,600

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,980

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Other Phone Number: 866-640-3040
  • Property Attached: No
  • View: No
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5002019020
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Stone
  • Price Per Square Foot: 160.12
  • Room Type: Living Room

Exterior Features

  • Fencing: Block, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Clay, Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Inside

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 5169.00
  • Lot Size Acres: 0.1190

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Lot Size Area: 5169.0000 Square Feet
  • Net Operating Income: 39600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 123
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2013
Closed on
Jun 6, 2013
Sold by
Martingale Investments Llc
Bought by
Abrego Mirna E
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Richard Rede
RR Realty & Investments
List Price
$299,900
Sold Price
$326,000
Premium/Discount to List
$26,100
8.7%
Current Estimated Value
$832,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,470
Avg. Annual Appreciation
7.93%
Original Mortgage
$314,590
Outstanding Balance
$225,072
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$607,398

Purchase Details

Closed on
Dec 5, 2012
Sold by
Odum Benny James
Bought by
Martingale Investments Llc

Purchase Details

Closed on
Dec 23, 2002
Sold by
Frierson Gwendolyn
Bought by
Odum Benny James

Purchase Details

Closed on
Oct 11, 2002
Sold by
Frierson Gwendolyn
Bought by
Odum Benny James and Frierson Gwendolyn

Purchase Details

Closed on
Jul 1, 2000
Sold by
Segura Wilfred M
Bought by
Frierson Gwendolyn and Segura Wilfred
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
Abrego Mirna E $326,000 Fidelity National Title Co
Martingale Investments Llc $207,000 Fidelity National Title Co
Odum Benny James -- --
Odum Benny James -- --
Frierson Gwendolyn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abrego Mirna E $314,590
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2013 07/01/13 Sold $326,000 +8.7% $160 / Sq Ft
05/29/2013 05/29/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $299,900 -- $147 / 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 $4,980 $399,618 $154,452 $245,166
2024 $4,980 $391,783 $151,424 $240,359
2023 $4,890 $384,102 $148,455 $235,647
2022 $4,673 $376,572 $145,545 $231,027
2021 $4,604 $369,190 $142,692 $226,498
2019 $4,469 $358,241 $138,460 $219,781
2018 $4,361 $351,218 $135,746 $215,472
2016 $4,154 $337,582 $130,476 $207,106
2015 $4,094 $332,513 $128,517 $203,996
2014 $4,119 $326,000 $126,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13080622

California Regional Multiple Listing Service (CRMLS)

APN: 5002-019-020