NOT LISTED FOR SALE

111 E 97th St Los Angeles, CA 90003

Broadway-Manchester Neighborhood

Estimated Value: $884,000 - $1,091,103

8 Beds
4 Baths
3,584 Sq Ft
$281/Sq Ft Est. Value

Sale Details

Date Sold: May 19, 2012

Last sale price $415,000 $116 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $6,009 / mo

Highlights

  • Gated Parking
  • Modern Architecture
  • Double Pane Windows
  • Property is near public transit
  • Granite Countertops
  • Recessed Lighting

About This Home

As of May 2012

Just listed!!! 4 Units - completely rehabbed down to the studs. No corners cut on this one. All units are large 2 bedrooms/1 bathroom - each rented for $1100 per month. Collects $4400 per month. Fully occupied and perfect for your investors to start making money. Property has a laundry room that collect's about $200 per month. New everything on this fourplex, rehabbed less than one year ago... bring your picky buyers. Absolutely beautiful property!!!

Last Agent to Sell the Property

Ray Penado

Excellence RE Real Estate License #01709871 Listed on: 03/16/2012

Last Buyer's Agent

Ray Penado

Excellence RE Real Estate License #01709871 Listed on: 03/16/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 4,726 Sq Ft Lot
  • Property fronts an alley

Home Design

  • Modern Architecture
  • Spanish Architecture
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,584 Sq Ft Home
  • Recessed Lighting
  • Double Pane Windows
  • Insulated Doors
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Gated Parking
  • Uncovered Parking

Location

  • Property is near public transit

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Tract Number 6214
  • Assessor Parcel Number 6052004032

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $30
  • Insurance Expense $800
  • Trash Expense $100
  • Water Sewer Expense $200
  • New Taxes Expense $4,000
  • Gross Income $4,400

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

4,726 Sq Ft Lot

Listing Details

  • Assessments: No
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 200.00
  • Zoning: LAR2
  • Architectural Style: Modern, Spanish
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 30.00
  • Parcel Number: 6052004032
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Recessed Lighting
  • Flooring: Carpet, Tile
  • Appliances: No
  • Door Features: Insulated Doors
  • Levels: Two
  • Price Per Square Foot: 115.79
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Gated, Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community, Dryer Included, Gas & Electric Dryer Hookup, Washer Included
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 4726.00
  • Lot Size Acres: 0.1080

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4400.00
  • Gross Multiplier: 95.45
  • Gross Scheduled Income: 4400.00
  • Insurance Expense: 800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 4726.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Total Actual Rent: 4400.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Area: 461
  • Tax Lot: 0.
  • Tax Tract Number: 6214

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2018
Sold by
Bought by
Current Estimated Value
$1,006,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$296,897
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$709,629

Purchase Details

Listed on
Mar 16, 2012
Closed on
Mar 23, 2012
Sold by
Bought by
Seller's Agent
Ray Penado
Excellence RE Real Estate
Buyer's Agent
Ray Penado
Excellence RE Real Estate
List Price
$420,000
Sold Price
$415,000
Premium/Discount to List
-$5,000
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%
Original Mortgage
$311,250
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 19, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
8.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 20, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,920
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,920
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,200
Interest Rate
7.29%

Purchase Details

Closed on
Mar 1, 2000
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,231
Interest Rate
7.06%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Provident Title Company
$415,000 Stewart Title Co
-- None Available
$130,000 Stewart Title Of California
$512,328 Landsafe Title
$640,000 First American Title Company
-- --
$515,000 --
$439,000 Old Republic Title Company
-- Old Republic Title Company
$345,000 Orange Coast Title
$218,000 Ticor Title
-- First American Title Ins Co
$291,323 Benefit Land Title Ins Co
$285,000 United Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $350,000
Closed $311,250
Previous Owner $512,000
Previous Owner $386,250
Previous Owner $351,920
Previous Owner $241,500
Previous Owner $196,200
Previous Owner $273,231
Closed $69,000
Closed $87,980
Closed $103,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/19/2012 05/19/12 Sold $415,000 -1.2% $116 / Sq Ft
03/16/2012 03/16/12 For Sale $420,000 -- $117 / Sq Ft
03/06/2012 03/06/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,242 $521,252 $270,046 $251,206
2024 $7,113 $511,032 $264,751 $246,281
2023 $6,984 $501,012 $259,560 $241,452
2022 $6,684 $491,189 $254,471 $236,718
2021 $6,585 $481,559 $249,482 $232,077
2019 $6,395 $467,278 $242,083 $225,195
2018 $6,306 $458,117 $237,337 $220,780
2016 $5,993 $440,329 $228,122 $212,207
2015 $5,903 $433,716 $224,696 $209,020
2014 $5,933 $425,221 $220,295 $204,926
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Ray Penado

    Excellence RE Real Estate

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1201596

California Regional Multiple Listing Service (CRMLS)

APN: 6052-004-032

California Los Angeles County Los Angeles 90003 Broadway-Manchester

111 E 97th St, Los Angeles, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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