NOT LISTED FOR SALE

Estimated Value: $896,000 - $1,033,000

6 Beds
4 Baths
3,479 Sq Ft
$271/Sq Ft Est. Value

Last Sold January 20, 2021

Last sale price $720,000 $207 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,766/month

57 Days on Market

About This Home

As of January 2021

This is a great LA investment opportunity, just 8-minutes from USC. And 12-minutes from the Los Angeles Coliseum. A short 14-minute drive to the very heart of Downtown LA. You will find this property centrally located near public transportation, shopping centers, and schools. With the USC campus in close proximity. College students consider this a dream location. Rentals are in high demand in this area. This duplex is unique in the fact that both units are standalone structures. Each home is connected with separate gas & electrical meters. There is one common water meter. The unit in the back was built in 1925 and has 3 bedrooms, 2 bathrooms that have been newly remodeled. Laminated floors, spacious kitchen with granite countertops and new cabinets.
The front building was newly built in 2016. It’s two-stories consisting of 3 bedrooms and 2 bathrooms. New laminate floor throughout. You will find beautiful tile work in both bathrooms. The kitchen has new cabinets, dishwasher and granite countertops. A functional breakfast bar has also been provided. Moreover, there is a convenient laundry room next to the bedrooms. This duplex is a great opportunity to live in one unit and rent the other. Both with a good cap rate.

Last Agent to Sell the Property

Cristina Blanco

COLDWELL BANKER LEADERS License #02092228 Listed on: 08/05/2020

COLDWELL BANKER LEADERS

Last Buyer's Agent

Jaime Sutachan

South Bay Executive Realty, Inc. License #01886915

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,935 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 3,479 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 4876
  • Assessor Parcel Number 6052005011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,200
  • Trash Expense $240
  • Water Sewer Expense $960
  • New Taxes Expense $2,100
  • Operating Expense $5,100
  • Gross Income $60,000
  • Net Operating Income $1,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 960.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6052005011
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 206.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4935.00
  • Lot Size Acres: 0.1133

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 60000.00
  • Gross Scheduled Income: 64000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4935.0000 Square Feet
  • Net Operating Income: 1500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: Yes
  • Total Expenses: 5100.00

Tax Info

  • New Taxes Expense: 2100.00
  • Tax Census Tract: 2405.00
  • Tax Lot: 13
  • Tax Tract Number: 4876

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2016
Sold by
Pan Partnership Inc
Bought by
Lopez Carlos B and Lopez Reina L
Current Estimated Value
$942,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,219
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 26, 2015
Closed on
Aug 18, 2015
Sold by
Fannie Mae
Bought by
Pan Partnership Inc
Seller's Agent
JAMES JENNINGS
Top Sales Real Estate Services
Buyer's Agent
Crystal Pena
List Price
$264,900
Sold Price
$240,000
Premium/Discount to List
-$24,900
-9.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.16%
Original Mortgage
$315,000
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2012
Sold by
Alvarez Daniel
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 25, 2008
Sold by
Alvarez Daniel and Delgado Rosalva
Bought by
Alvarez Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 1997
Sold by
Alvarez Daniel
Bought by
Alvarez Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
7.31%

Purchase Details

Closed on
Jun 28, 1994
Sold by
Froushe Mahin Shish
Bought by
Alvarez Daniel and Quiroz Artemio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,950
Interest Rate
5.75%

Purchase Details

Closed on
Nov 24, 1993
Sold by
Bank Of America Nt & Sa
Bought by
Shish Froushe Mahin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.09%

Purchase Details

Closed on
Aug 24, 1993
Sold by
T D Service Company
Bought by
Security Pacific National Bank
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
Lopez Carlos B $540,000 Fidelity National Title Co
Pan Partnership Inc $240,000 Lawyers Title
Federal National Mortgage Association $268,047 None Available
Alvarez Daniel -- Fidelity National Title Co
Alvarez Daniel -- Benefit Land Title Company
Alvarez Daniel $120,909 World Title Company
Shish Froushe Mahin $25,000 Southern California Title Co
Security Pacific National Bank $48,046 Southern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Carlos B $530,219
Previous Owner Pan Partnership Inc $315,000
Previous Owner Alvarez Daniel $256,000
Previous Owner Alvarez Daniel $119,000
Previous Owner Alvarez Daniel $114,950
Previous Owner Shish Froushe Mahin $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/20/2021 01/20/21 Sold $720,000 0.0% $207 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/06/2020 09/06/20 Price Changed $720,000 -3.9% $207 / Sq Ft
08/05/2020 08/05/20 For Sale $749,000 +38.7% $215 / Sq Ft
09/28/2016 09/28/16 Sold $540,000 +1.0% $216 / Sq Ft View Prior Sale
09/06/2016 09/06/16 For Sale $534,900 -0.9% $214 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $539,900 +125.0% $216 / Sq Ft
08/27/2015 08/27/15 Sold $240,000 +3.5% $248 / Sq Ft View Prior Sale
07/29/2015 07/29/15 Pending -- -- --
07/17/2015 07/17/15 Price Changed $231,800 -12.5% $239 / Sq Ft
07/14/2015 07/14/15 For Sale $264,900 0.0% $273 / Sq Ft
07/09/2015 07/09/15 Pending -- -- --
06/16/2015 06/16/15 Price Changed $264,900 -7.0% $273 / Sq Ft
06/01/2015 06/01/15 Price Changed $284,900 -8.9% $294 / Sq Ft
04/28/2015 04/28/15 For Sale $312,900 0.0% $323 / Sq Ft
04/28/2015 04/28/15 Price Changed $312,900 +30.4% $323 / Sq Ft
03/10/2015 03/10/15 Off Market $240,000 -- --
02/26/2015 02/26/15 For Sale $280,900 -- $290 / 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 $9,942 $779,349 $432,972 $346,377
2024 $9,778 $764,069 $424,483 $339,586
2023 $9,593 $749,088 $416,160 $332,928
2022 $9,157 $734,400 $408,000 $326,400
2021 $7,379 $578,986 $214,439 $364,547
2020 $7,448 $573,051 $212,241 $360,810
2019 $7,162 $561,816 $208,080 $353,736
2018 $6,975 $550,800 $204,000 $346,800
2016 $3,457 $240,000 $169,800 $70,200
2015 $2,662 $196,724 $137,297 $59,427
2014 $2,673 $192,871 $134,608 $58,263
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20157961

California Regional Multiple Listing Service (CRMLS)

APN: 6052-005-011