NOT LISTED FOR SALE

Estimated Value: $935,000 - $1,019,000

6 Beds
3 Baths
2,751 Sq Ft
$352/Sq Ft Est. Value

Last Sold July 09, 2018

Last sale price $655,000 $238 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,146/month

163 Days on Market

About This Home

As of July 2018

Back On the Market! Subject to cancellation of previous escrow. Great opportunity. Good for investors or owner user. Property is in a Non Rent Control Area and consists of 3, 2 bed 1 bath units. All units rented Section 8. Close to public transportation. This sharp triplex is in Close Proximity to the New Inglewood Rams Stadium, Downtown Los Angeles, 105, 110 and 10 Freeways. There is upside potential to increase rents. Please do not disturb tenants. Drive by only. All offers to be subject to inspection.

Last Agent to Sell the Property

Jose Orozco

OR WEST REAL ESTATE Brokerage Phone: 424-227-0607 License #01253326 Listed on: 09/21/2017

Last Buyer's Agent

Maria Contreras

Divina Realty License #01971645

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,421

Year Built

  • Built in 1926

Lot Details

  • 9,413 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 2,751 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 6056003043

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $615
  • Water Sewer Expense $1,680
  • New Taxes Expense $8,237
  • Operating Expense $10,532
  • Gross Income $48,216
  • Net Operating Income $45,921

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,421

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1680.00
  • Zoning: LCR320U*
  • Property Type: Residential Income
  • Parcel Number: 6056003043
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 238.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9413.00
  • Lot Size Acres: 0.2161

Multi Family

  • Gross Income: 48216.00
  • Gross Scheduled Income: 48216.00
  • Insurance Expense: 615.00
  • Lot Size Area: 9413.0000 Square Feet
  • Net Operating Income: 45921.00
  • 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: 2295.00
  • Rent Control: No
  • Total Expenses: 10532.00

Tax Info

  • New Taxes Expense: 8237.00
  • Tax Census Tract: 6001.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2018
Sold by
Higgins Joseph Law
Bought by
Higgins Joseph Law and Green Victoria Samantha
Current Estimated Value
$968,608

Purchase Details

Closed on
Mar 8, 2018
Sold by
Mercado Victor
Bought by
Higgins Joseph Law

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,136
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 3, 2016
Sold by
B1-2-B1 Investments
Bought by
Mercado Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,346
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 4, 2014
Closed on
Dec 4, 2014
Sold by
Harvey Katherine
Bought by
B1 2 B1 Investments Inc
Seller's Agent
Gary Scotton
Scotton Group & Associates, Inc.
Buyer's Agent
Gary Scotton
Scotton Group & Associates, Inc.
List Price
$375,000
Sold Price
$300,000
Premium/Discount to List
-$75,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.45%
Original Mortgage
$22,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Higgins Joseph Law -- None Available
Higgins Joseph Law $655,000 Old Republic Title Company
Mercado Victor $533,000 Old Republic Title Company
B1 2 B1 Investments Inc $300,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Higgins Joseph Law $643,136
Previous Owner Mercado Victor $523,346
Previous Owner Harvey Katherine $22,000
Previous Owner B1 2 B1 Investments Inc $333,000
Previous Owner B1 2 B1 Investments Inc $22,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2018 07/09/18 Sold $655,000 0.0% $238 / Sq Ft
05/17/2018 05/17/18 Price Changed $655,000 +2.5% $238 / Sq Ft
05/09/2018 05/09/18 For Sale $639,000 0.0% $232 / Sq Ft
03/03/2018 03/03/18 Pending -- -- --
11/02/2017 11/02/17 Price Changed $639,000 -3.0% $232 / Sq Ft
09/21/2017 09/21/17 For Sale $659,000 +23.6% $240 / Sq Ft
08/05/2016 08/05/16 Sold $533,000 +0.6% $194 / Sq Ft
06/10/2016 06/10/16 Pending -- -- --
05/27/2016 05/27/16 For Sale $529,900 +76.6% $193 / Sq Ft
12/09/2014 12/09/14 Sold $300,000 -20.0% $329 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
10/04/2014 10/04/14 For Sale $375,000 -- $411 / 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 $10,421 $730,660 $548,610 $182,050
2024 $10,421 $716,334 $537,853 $178,481
2023 $10,002 $702,289 $527,307 $174,982
2022 $9,561 $688,519 $516,968 $171,551
2021 $9,465 $675,020 $506,832 $168,188
2020 $9,534 $668,720 $501,636 $167,084
2019 $9,191 $655,620 $491,800 $163,820
2018 $7,802 $544,280 $380,460 $163,820
2017 $7,661 $533,000 $373,000 $160,000
2016 $4,896 $304,574 $228,431 $76,143
2015 $4,828 $300,000 $225,000 $75,000
2014 $2,083 $62,548 $20,775 $41,773
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17218840

California Regional Multiple Listing Service (CRMLS)

APN: 6056-003-043