NOT LISTED FOR SALE

1121 S Ferris Ave Los Angeles, CA 90022

Estimated Value: $912,000 - $1,089,686

8 Beds
4 Baths
3,200 Sq Ft
$323/Sq Ft Est. Value

Last Sold December 24, 2014

Last sale price $575,000 $180 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $6,486/month

3 Days on Market

Highlights

  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Built-In Features
  • Living Room
  • Tile Flooring

About This Home

As of December 2014

Great investment 4 units in the hart land of East Los Angeles ,, Built in 1972 quality construction .. 2 car detached garage and 4 car carport in rear. newer kitchens all updated... inside laundry hookups each unit. great proximity to downtown Los Angeles.

Last Agent to Sell the Property

Felipe Acuna

CENTURY 21 REALTY MASTERS License #01066186 Listed on: 11/07/2014

CENTURY 21 REALTY MASTERS

Co-Listed By

Paola Perez

CENTURY 21 REALTY MASTERS License #01769174

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Paola Perez

CENTURY 21 REALTY MASTERS License #01769174

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,197

Year Built

  • Built in 1972

Lot Details

  • 6,339 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Level Lot
  • Flag Lot

Parking

  • 2 Car Garage
  • 4 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Fire Rated Drywall
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,200 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Living Room
  • Tile Flooring
  • Gas Cooktop

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 4768
  • Assessor Parcel Number 5246026024

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • New Taxes Expense $7,302
  • Gross Income $4,400
  • Net Operating Income $51,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,197

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5246026024
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Copper Plumbing Partial
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 179.69
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Flag Lot, Level with Street
  • Lot Size Sq Ft: 6339.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1100
  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6339.0000 Square Feet
  • Net Operating Income: 51360.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 2
  • Operating Expense: 1440.00
  • Rent Control: No
  • Total Actual Rent: 4400.00

Tax Info

  • New Taxes Expense: 7302.00
  • Tax Lot: 14
  • Tax Tract Number: 4768
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2022
Sold by
Do Soung In and Young Ja
Bought by
1121 Ferris Llc
Current Estimated Value
$1,034,422

Purchase Details

Listed on
Nov 7, 2014
Closed on
Nov 19, 2014
Sold by
Ramirez Enrique
Bought by
Do Soung In and Do Young Ja
Seller's Agent
Felipe Acuna
CENTURY 21 REALTY MASTERS
Buyer's Agent
Paola Perez
CENTURY 21 REALTY MASTERS
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$402,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2007
Sold by
Ramirez Carmen
Bought by
Carmen Ramirez Revocable Trust
Source: Public Records

Range of Values:

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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
1121 Ferris Llc -- --
Do Soung In $575,000 Wfg Title Company
Carmen Ramirez Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Do Soung In $368,000
Previous Owner Do Soung In $402,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2014 12/24/14 Sold $575,000 0.0% $180 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $575,000 -- $180 / 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 $10,197 $691,054 $414,634 $276,420
2024 $10,197 $677,504 $406,504 $271,000
2023 $9,864 $664,221 $398,534 $265,687
2022 $9,558 $651,198 $390,720 $260,478
2021 $9,255 $638,430 $383,059 $255,371
2019 $8,936 $619,497 $371,699 $247,798
2018 $9,057 $607,351 $364,411 $242,940
2016 $8,685 $583,768 $350,261 $233,507
2015 $8,223 $575,000 $345,000 $230,000
2014 $3,055 $114,155 $21,577 $92,578
Source: Public Records

Agents Affiliated with this Home

  • Felipe Acuna

    Seller's Agent in 2014

    Felipe Acuna

    CENTURY 21 REALTY MASTERS

    (213) 712-2797

    4 in this area

    30 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2014

    Paola Perez

    CENTURY 21 REALTY MASTERS

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB14239145

California Regional Multiple Listing Service (CRMLS)

APN: 5246-026-024

California Los Angeles County Los Angeles 90022

1121 S Ferris Ave, Los Angeles, CA

This home is located at 1121 S Ferris Ave, Los Angeles, CA 90022 since 07 November 2014 and is currently estimated at $1,034,422, approximately $323 per square foot. This property was built in 1972. 1121 S Ferris Ave is a home located in Los Angeles County with nearby schools including Winter Gardens Elementary School, Montebello Intermediate School, and Montebello High School.

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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