NOT LISTED FOR SALE

Estimated Value: $781,000 - $881,802

5 Beds
4 Baths
1,600 Sq Ft
$529/Sq Ft Est. Value

Last Sold June 20, 2013

Last sale price $440,000 $275 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $5,197/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Wood Fence
  • Living Room
  • Tile Flooring
  • Wall Furnace

About This Home

As of June 2013

Beautiful newly remodeled duplex home in Inglewood ready for move-in today! The front unit of this property boasts gorgeous new hardwood laminate flooring throughout the spacious living and dining rooms. The completely remodeled kitchen features new tile floors, new cabinets, and stunning new granite counters. The fully remodeled bathroom also boasts new tile floors as well as an elegant new vanity and beautiful new shower/bathtub. And both bedrooms are newly carpeted with sliding mirror closet doors and brand new ceiling fans. The rear unit of the property is divided between upstairs and downstairs floors. The upstairs unit boasts beautiful hardwood flooring throughout the living areas as well as a marvelous chef’s kitchen with newly refinished cabinets. And downstairs behind the garage is a third unit with a very spacious living room, newly carpeted bedroom, and fully remodeled bathroom with new tile floors and new vanity. Freshly painted interior/exterior; new wall heaters and laundry hook-ups inside; two-car garage; easy access to the Metro Line and 405 & 105 freeways putting you within minutes of LAX, Hollywood Park, and the beach! This property is a fantastic owner/investor opportunity that will not be available long so come see for yourself today

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 03/08/2013

Last Buyer's Agent

Gloria Labra

Century 21 Allstars License #01167408

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 5,986 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Front Yard Sprinklers

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 83
  • Tax Tract Number 287
  • Assessor Parcel Number 4037008012

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,200
  • Net Operating Income $50,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 4037008012
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Stone, Tile
  • Levels: One
  • Price Per Square Foot: 275.00
  • Room Type: Living Room

Exterior Features

  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 5986.00
  • Lot Size Acres: 0.1370

Rental Info

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

Multi Family

  • Gross Income: 4200.00
  • Gross Scheduled Income: 50400.00
  • Lot Size Area: 5986.0000 Square Feet
  • Net Operating Income: 50400.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 83
  • Tax Tract Number: 287
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2014
Sold by
Martin Melinda
Bought by
Martin Melinda and 2014 Martin Family Trust
Current Estimated Value
$846,951

Purchase Details

Listed on
Mar 8, 2013
Closed on
Jun 11, 2013
Sold by
Martingale Investments Llc
Bought by
Martin Melinda and Gomez Olivia
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Gloria Labra
Century 21 Allstars
List Price
$419,900
Sold Price
$440,000
Premium/Discount to List
$20,100
4.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$392,755
Outstanding Balance
$282,594
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$564,357

Purchase Details

Closed on
Nov 15, 2012
Sold by
Gonzalez Raul and Cabrera Mabel
Bought by
Martingale Investments Llc

Purchase Details

Closed on
Jul 29, 2005
Sold by
Gonzalez Raul
Bought by
Gonzalez Raul and Cabrera Mabel

Purchase Details

Closed on
Jun 16, 2004
Sold by
Rivera Antonio and Cabrera Mabel
Bought by
Gonzalez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,970
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2000
Sold by
Rivera Antonio and Cabrera Mabel
Bought by
Rivera Antonio and Cabrera Mabel

Purchase Details

Closed on
Feb 18, 2000
Sold by
Lopez Reynaldo A and Lopez Elisa M
Bought by
Rivera Antonio and Cabrera Mabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,324
Interest Rate
8.26%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martin Melinda -- None Available
Martin Violeta Fabiola -- None Available
Martin Melinda -- None Available
Martin Melinda -- None Available
Demartin Olivia Gomez -- None Available
Martin Melinda $440,000 Title 365
Martingale Investments Llc $268,000 Accommodation
Gonzalez Raul -- --
Gonzalez Raul $333,318 Chicago Title Co
Rivera Antonio -- --
Rivera Antonio $205,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Melinda $392,755
Previous Owner Gonzalez Raul $299,970
Previous Owner Rivera Antonio $203,324
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2013 06/20/13 Sold $440,000 +4.8% $275 / Sq Ft
03/20/2013 03/20/13 Pending -- -- --
03/08/2013 03/08/13 For Sale $419,900 -- $262 / 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 $8,898 $541,150 $282,693 $258,457
2024 $8,898 $530,540 $277,150 $253,390
2023 $8,558 $520,138 $271,716 $248,422
2022 $8,467 $509,940 $266,389 $243,551
2021 $8,211 $499,942 $261,166 $238,776
2020 $8,014 $494,817 $258,489 $236,328
2019 $7,611 $485,116 $253,421 $231,695
2018 $7,412 $475,604 $248,452 $227,152
2016 $6,714 $457,138 $238,805 $218,333
2015 $6,525 $450,272 $235,218 $215,054
2014 $6,489 $441,997 $231,044 $210,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13039453

California Regional Multiple Listing Service (CRMLS)

APN: 4037-008-012