NOT LISTED FOR SALE

Estimated Value: $721,263 - $836,000

5 Beds
2 Baths
1,964 Sq Ft
$397/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $650,000 $331 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,966/month

13 Days on Market

About This Home

As of March 2023

We are proud to present 1058 99th Street, Los Angeles, CA, 90044. This property is a n Incredible investment opportunity for anyone looking to invest in the South Los Angeles area. The 1,964 SQFT Duplex consists of one (1) 4-Bed / 1-Bath unit and one (1) 1-Bed / 1-Bath unit, sits on a 5,004 square foot lot, and has great in place rents and is blocks from both the 105 and 110 freeways. Don't be the one to miss out on this great investment opportunity.

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 02/02/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770

Last Buyer's Agent

JOSE BARRIOS MARROQUIN

PRISM REALTY License #02138299

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,775

Year Built

  • Built in 1925

Lot Details

  • 5,004 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,964 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 47
  • Tax Tract Number 829
  • Assessor Parcel Number 6056019017
  • $1,859 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $450
  • Fuel Expense $450
  • Insurance Expense $786
  • Maintenance Expense $1,853
  • Trash Expense $450
  • Water Sewer Expense $450
  • New Taxes Expense $7,813
  • Operating Expense $13,451
  • Gross Income $46,332
  • Net Operating Income $30,564

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,775

Year Built

Built in 1925

Lot Details

0

Listing Details

  • CapRate: 4.89
  • Price Per Unit: 312500
  • Property Attached: No
  • Water Sewer Expenses: 450.00
  • Zoning: LCC2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6056019017
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 330.96

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5004.00
  • Lot Size Acres: 0.1149

Multi Family

  • Electric Expense: 450.00
  • Fuel Expense: 450.00
  • Gross Income: 46332.00
  • Gross Multiplier: 13.49
  • Gross Operating Income: 44015.00
  • Gross Scheduled Income: 46332.00
  • Insurance Expense: 786.00
  • Lot Size Area: 5004.0000 Square Feet
  • Maintenance Expense: 1853.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 30564.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13451.00
  • Operating Expense Percent: 29.00
  • Rent Control: No
  • Total Expenses: 13451.00
  • Vacancy Allowance: 2317
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7813.00
  • Tax Census Tract: 6002.01
  • Tax Lot: 47
  • Tax Tract Number: 829
  • TaxOtherAnnualAssessmentAmount: 1859.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Mar 2, 2023
Sold by
Broker Connection Llc
Bought by
Villarreal Pedro Garcia
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
JOSE BARRIOS MARROQUIN
PRISM REALTY
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%
Views
69
Current Estimated Value
$779,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,066
Avg. Annual Appreciation
8.17%
Original Mortgage
$488,000
Interest Rate
6.13%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 26, 2022
Sold by
99Th Humanitarian Land Trust
Bought by
Broker Connection Llc

Purchase Details

Closed on
Apr 29, 2005
Sold by
Morler Robert
Bought by
99Th Humanitarian Land Trust and The Broker Connection Llc

Purchase Details

Closed on
Jan 5, 2005
Sold by
1058 W 99Th St Land Trust
Bought by
Morler Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 30, 2003
Sold by
Morler Robert
Bought by
1058 W 99Th St Land Trust and The Broker Connection

Purchase Details

Closed on
Sep 24, 2003
Sold by
Jackson Eleanor M
Bought by
Morler Robert

Purchase Details

Closed on
Sep 22, 2003
Sold by
Johnson Maria T
Bought by
Jackson Eleanor M
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
Villarreal Pedro Garcia $650,000 Chicago Title Company
Broker Connection Llc -- --
99Th Humanitarian Land Trust -- --
Morler Robert -- --
1058 W 99Th St Land Trust -- --
Morler Robert $185,000 Chicago Title Co
Jackson Eleanor M -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villarreal Pedro Garcia $520,000
Closed Villarreal Pedro Garcia $488,000
Previous Owner Morler Robert $181,000
Previous Owner Jackson Eleanor M $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2023 03/09/23 Sold $650,000 +4.0% $331 / Sq Ft
02/02/2023 02/02/23 For Sale $625,000 -- $318 / 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 $9,775 $676,260 $436,968 $239,292
2024 $9,775 $663,000 $428,400 $234,600
2023 $9,371 $630,000 $410,000 $220,000
2022 $5,634 $328,365 $210,156 $118,209
2021 $5,561 $321,928 $206,036 $115,892
2019 $5,407 $312,381 $199,926 $112,455
2018 $5,296 $306,256 $196,006 $110,250
2016 $5,188 $294,366 $188,396 $105,970
2015 $5,476 $289,946 $185,567 $104,379
2014 $5,452 $284,267 $181,932 $102,335
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23018830

California Regional Multiple Listing Service (CRMLS)

APN: 6056-019-017