NOT LISTED FOR SALE

1120 E 85th St Los Angeles, CA 90001

Estimated Value: $659,000 - $793,000

4 Beds
2 Baths
1,576 Sq Ft
$455/Sq Ft Est. Value

Last Sold February 02, 2016

Last sale price $360,000 $228 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,261/month

171 Days on Market

About This Home

As of February 2016

PRICE REDUCTION!! Great opportunity to purchase these two units. Each unit is two bedrooms, one bathroom with separate gas and electric meters.

Last Agent to Sell the Property

Sara Quinonez

Stonewood Realty Group Inc. Brokerage Phone: 714-514-1561 License #01253535 Listed on: 07/31/2015

Last Buyer's Agent

Anabela Rossi

The Real Estate Store License #01056098

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 4,981 Sq Ft Lot
  • No Common Walls

Home Design

  • 1,576 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Sewer Assessments

Listing and Financial Details

  • Tax Lot 154
  • Tax Tract Number 8491
  • Assessor Parcel Number 6028025020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Water Sewer Expense $480
  • New Taxes Expense $4,999
  • Operating Expense $6,179
  • Gross Income $2,400
  • Net Operating Income $27,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

4,981 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 480.00
  • Property Type: Residential Income
  • Parcel Number: 6028025020
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 228.43

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Sewer Assessments
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 4981.00
  • Price Per Lot Square Foot: 72.27
  • Lot Size Acres: 0.1140

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 700.00
  • Lot Size Area: 4981.0000 Square Feet
  • Net Operating Income: 27620.00
  • 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: 6179.00
  • Rent Control: Yes
  • Total Expenses: 6179.00

Tax Info

  • New Taxes Expense: 4999.00
  • Tax Lot: 154
  • Tax Tract Number: 8491

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2017
Sold by
Reyes Jose G
Bought by
Reyes Francisco
Current Estimated Value
$717,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,766
Outstanding Balance
$303,232
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$414,292

Purchase Details

Listed on
Jul 31, 2015
Closed on
Jan 29, 2016
Sold by
Ruiz Monteon Yanet Griselda
Bought by
Ruiz Cesar
Seller's Agent
Sara Quinonez
Stonewood Realty Group Inc.
Buyer's Agent
Anabela Rossi
The Real Estate Store
List Price
$399,900
Sold Price
$360,000
Premium/Discount to List
-$39,900
-9.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%

Purchase Details

Closed on
Nov 23, 2015
Sold by
Ruiz Cesar
Bought by
Reyes Francisco and Reyes Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,479
Interest Rate
3.94%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 2009
Sold by
Aurora Loan Services Llc
Bought by
Ruiz Cesar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,015
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 9, 2009
Sold by
Torres Jorge E
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
May 31, 2006
Sold by
Sanchez Macrino
Bought by
Torres Jorge E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,400
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2004
Sold by
Salas Judith
Bought by
Sanchez Macrino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2002
Sold by
Lombera Angelina
Bought by
Sanchez Macrino

Purchase Details

Closed on
Aug 9, 1999
Sold by
Gazep Inc
Bought by
Sanchez Macrino and Lombera Angelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,593
Interest Rate
7.89%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 5, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Gamboa Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.25%

Purchase Details

Closed on
Jul 10, 1997
Sold by
Alvarez Ralph G and Alvarez Mary
Bought by
Home Svgs Of America Fsb
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
Reyes Francisco -- Progressive Title
Ruiz Cesar -- Accommodation
Reyes Francisco $360,000 Orange Coast Title Co Socal
Ruiz Cesar $220,000 Transcontinental Title Co
Aurora Loan Services Llc $244,200 Accommodation
Torres Jorge E $498,000 New Century Title Company
Sanchez Macrino -- United Title Glendale
Sanchez Macrino -- --
Sanchez Macrino $172,000 Investors Title Company
Gazep Inc -- Investors Title Company
Gamboa Jorge $110,000 Investors Title
Gamboa Jorge -- Investors Title
Home Svgs Of America Fsb $129,779 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Francisco $367,766
Previous Owner Reyes Francisco $353,479
Previous Owner Ruiz Cesar $216,015
Previous Owner Torres Jorge E $398,400
Previous Owner Sanchez Macrino $240,000
Previous Owner Sanchez Macrino $170,593
Previous Owner Gamboa Jorge $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2016 02/02/16 Sold $360,000 -10.0% $228 / Sq Ft
01/18/2016 01/18/16 Pending -- -- --
07/31/2015 07/31/15 For Sale $399,900 -- $254 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,782 $453,158 $289,513 $163,645
2024 $6,578 $444,274 $283,837 $160,437
2023 $6,304 $435,564 $278,272 $157,292
2022 $6,026 $427,024 $272,816 $154,208
2021 $5,958 $418,652 $267,467 $151,185
2020 $5,999 $414,360 $264,725 $149,635
2019 $5,784 $406,236 $259,535 $146,701
2018 $5,643 $398,272 $254,447 $143,825
2016 $4,742 $326,000 $159,200 $166,800
2015 $4,648 $326,000 $159,200 $166,800
2014 $4,071 $271,000 $132,300 $138,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15169210

California Regional Multiple Listing Service (CRMLS)

APN: 6028-025-020

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