NOT LISTED FOR SALE

1080 N Alma Ave Los Angeles, CA 90063

Estimated Value: $987,000 - $1,296,000

7 Beds
4 Baths
2,209 Sq Ft
$512/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $1,100,000 $498 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,317/month

61 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • James A. Garfield Senior High School Rated A
  • Laundry Room
  • Front Yard

About This Home

As of July 2022

An Exceptional opportunity to own a Triplex with ADU potential in City Terrace. Front unit has been converted to a 3 bed, 1.5 bath. Both back units (one in rear and one above garages) are 2 bed, 1 bath. Featured is unit in rear. All three units have new electrical wires and drywall and have been fully upgraded with new flooring, recessed lighting, windows, kitchen cabinets, countertops and new appliances. The driveway has new concrete and the retainer wall between houses has been reinforced. All units are currently rented. Plans to convert the garages into an income producing ADU are ready to submit to the city for approval. Plans will be included with purchase, buyer(s) to obtain final approval. Submit ALL Offers!

Last Agent to Sell the Property

Monica Abundiz

CAZZA Realty, Inc. License #01419966 Listed on: 10/21/2021

Last Buyer's Agent

Monica Abundiz

CAZZA Realty, Inc. License #01419966 Listed on: 10/21/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,150

Year Built

  • Built in 1929

Lot Details

  • 6,370 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 2,209 Sq Ft Home
  • Triplex
  • Cosmetic Repairs Needed
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Gas Range
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 14 / 11
  • Tax Tract Number 5750
  • Assessor Parcel Number 5229023014

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • Gross Income $6,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,150

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 316667
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LCR3YY
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5229023014
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 497.96

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6370.00
  • Lot Size Acres: 0.1462

Rental Info

  • Garage Rental Rate: 150.00

Multi Family

  • Garage Income: 150.00
  • Gross Income: 6496.00
  • Lot Size Area: 6370.0000 Square Feet
  • Number Of Rented Garages: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Actual Rent: 6346.00

Tax Info

  • Tax Block: 11
  • Tax Lot: 14
  • Tax Tract Number: 5750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2022
Sold by
Stl Venture Partners Llc
Bought by
Chan David Weiming
Current Estimated Value
$1,105,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2018
Closed on
Jun 7, 2018
Sold by
Rodriguez Felipe
Bought by
Stl Ventures Partners Llc
Seller's Agent
EDUARDO CHAVEZ AGUILAR
Century 21 Masters
Buyer's Agent
EDUARDO CHAVEZ AGUILAR
Century 21 Masters
List Price
$560,000
Sold Price
$540,000
Premium/Discount to List
-$20,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.46%
Original Mortgage
$424,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2018
Sold by
Rodriguez Edward Richard
Bought by
Rodriguez Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2016
Sold by
Rodriguez Felipe
Bought by
Rodriguez Edward Richard

Purchase Details

Closed on
Sep 9, 2002
Sold by
Rodriguez Felipe and Rodriguez Celia
Bought by
Rodriguez Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,300
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2000
Sold by
Rojas Jose H and Rojas Maria C
Bought by
Rodriguez Felipe and Rodriguez Celia

Purchase Details

Closed on
Jan 7, 2000
Sold by
Rodriguez Sergio and Rodriguez Yvonne
Bought by
Rodriguez Felipe Gomez and Rodriguez Maria Celia

Purchase Details

Closed on
Jun 18, 1999
Sold by
Rojas Jose H
Bought by
Rodriguez Phillip and Rodriguez Celia
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
Chan David Weiming $1,100,000 None Listed On Document
Stl Ventures Partners Llc $540,000 Western Resources Title Comp
Rodriguez Felipe -- None Available
Rodriguez Edward Richard -- None Available
Rodriguez Felipe -- Fidelity Title
Rodriguez Felipe -- American Title
Rodriguez Felipe Gomez -- American Title
Rodriguez Phillip -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chan David Weiming $825,000
Previous Owner Stl Venture Partners Llc $485,000
Previous Owner Stl Ventures Patrners Llc $232,000
Previous Owner Stl Ventures Patrners Llc $232,000
Previous Owner Stl Venture Partners Llc $424,000
Previous Owner Stl Ventures Partners Llc $424,000
Previous Owner Rodriguez Felipe $227,000
Previous Owner Rodriguez Felipe $175,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2022 07/11/22 Sold $1,100,000 +15.8% $498 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $950,000 +75.9% $430 / Sq Ft
07/05/2018 07/05/18 Sold $540,000 -3.6% $244 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $560,000 -- $254 / 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 $15,150 $1,144,440 $572,220 $572,220
2024 $15,150 $1,122,000 $561,000 $561,000
2023 $14,638 $1,100,000 $550,000 $550,000
2022 $8,079 $567,635 $368,963 $198,672
2021 $7,986 $556,506 $361,729 $194,777
2020 $8,042 $550,800 $358,020 $192,780
2019 $7,757 $540,000 $351,000 $189,000
2018 $7,614 $529,380 $317,220 $212,160
2016 $4,492 $268,678 $132,475 $136,203
2015 $4,431 $264,644 $130,486 $134,158
2014 $4,440 $259,461 $127,930 $131,531
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21231326

California Regional Multiple Listing Service (CRMLS)

APN: 5229-023-014