NOT LISTED FOR SALE

Estimated Value: $688,000 - $889,000

3 Beds
3 Baths
1,836 Sq Ft
$421/Sq Ft Est. Value

Last Sold December 01, 2015

Last sale price $360,000 $196 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $4,336/month

21 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Wrought Iron Fence
  • Spanish Architecture
  • Lawn
  • Wall Furnace

About This Home

As of December 2015

SOUTH L.A. TRIPLEX. Great investment property. All units are rented out 1 bed/ 1 bath each. Spanish style on the front two units and conventional style on the rear unit. The front units have a new roof which was installed one year ago and garage roof was done about three years ago. The rear unit got a complete makeover inside and out in 1992, including a new roof, plumbing and electrical. Property is being sold "as is". Buyer and buyer's agent to conduct their own due diligence as to all aspects concerning the property.

Last Agent to Sell the Property

John Martinez

310 Realty Club License #01869835 Listed on: 07/24/2015

Last Buyer's Agent

Cindy Avila

Nationwide Real Estate Execs License #01946861

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,471

Year Built

  • Built in 1926

Lot Details

  • 5,302 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Partially Fenced Property
  • Wood Fence
  • Corner Lot
  • Manual Sprinklers System
  • Lawn
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • 1,836 Sq Ft Home
  • Spanish Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Raised Foundation
  • Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 163
  • Tax Tract Number 4741
  • Assessor Parcel Number 6074014040

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $900
  • Water Sewer Expense $1,800
  • New Taxes Expense $4,488
  • Gross Income $2,400
  • Net Operating Income $19,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,471

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Property Attached: Yes
  • Security: Window Bars
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 6074014040
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 196.08

Exterior Features

  • Foundation: Raised
  • Fencing: Partial, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Flat, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard, Lawn, Corner Lot, Sprinklers Manual, Near Public Transit
  • Lot Size Sq Ft: 5302.00
  • Price Per Lot Square Foot: 67.90
  • Lot Size Acres: 0.1220

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5302.0000 Square Feet
  • Net Operating Income: 19272.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8088.00
  • Rent Control: Yes
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4488.00
  • Tax Lot: 163
  • Tax Tract Number: 4741

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2015
Closed on
Nov 16, 2015
Sold by
Cummings Darrell
Bought by
Marquez Maria Del Socorro
Seller's Agent
John Martinez
310 Realty Club
Buyer's Agent
Cindy Avila
Nationwide Real Estate Execs
List Price
$359,000
Sold Price
$360,000
Premium/Discount to List
$1,000
0.28%
Current Estimated Value
$773,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,136
Avg. Annual Appreciation
8.01%
Original Mortgage
$353,479
Outstanding Balance
$282,296
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$490,840
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
Marquez Maria Del Socorro $360,000 Provident Title Company
Marquez Maria Del Socorro -- Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marquez Maria Del Socorro $353,479
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2015 12/01/15 Sold $360,000 +0.3% $196 / Sq Ft
08/14/2015 08/14/15 Pending -- -- --
07/24/2015 07/24/15 For Sale $359,000 -- $196 / 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 $3,471 $231,643 $102,267 $129,376
2024 $3,471 $227,102 $100,262 $126,840
2023 $3,411 $222,650 $98,297 $124,353
2022 $3,274 $218,285 $96,370 $121,915
2021 $3,225 $214,006 $94,481 $119,525
2020 $3,249 $211,813 $93,513 $118,300
2019 $3,136 $207,661 $91,680 $115,981
2018 $3,053 $203,590 $89,883 $113,707
2016 $2,875 $195,687 $86,394 $109,293
2015 $788 $30,953 $12,621 $18,332
2014 $799 $30,347 $12,374 $17,973
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15164712

California Regional Multiple Listing Service (CRMLS)

APN: 6074-014-040