NOT LISTED FOR SALE

Estimated Value: $638,723 - $743,000

3 Beds
3 Baths
1,728 Sq Ft
$405/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $490,000 $284 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,262/month

6 Days on Market

Highlights

  • Wood Flooring
  • Wrought Iron Fence
  • Front Yard
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 1-Story Property

About This Home

As of March 2020

Great Investment Opportunity! Income property is highly desired in Los Angeles. Own a piece of Los Angeles while collecting rental income. Triplex (1 bedroom/1 bath each) The units have a nice size living room, kitchen, bedroom and bath. Unit A & B has hardwood flooring and Unit C has carpet. Each unit has a separate meter for electricity and gas. Long driveway. There’s a three car garage in the back divided for each tenant to park or use as extra storage. The property is freeway accessible to the 110 Fwy, close proximity to Budlong Avenue Elementary School, John Muir Middle School Street and Centrally located in the heart of LA – 4.5 miles to Inglewood Forum or Rams stadium, 3 miles to USC or 5 miles to LA Live!

Last Agent to Sell the Property

ROBERT TERRAZAS

Prevail Realty Group, Inc. License #01446264 Listed on: 01/13/2020

Last Buyer's Agent

ROBERT TERRAZAS

Prevail Realty Group, Inc. License #01446264 Listed on: 01/13/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,645

Year Built

  • Built in 1924

Lot Details

  • 5,253 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Three Garage Doors
  • Off-Street Parking

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Shingle Roof

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property
  • Window Screens

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 6
  • Tax Tract Number 4195
  • Assessor Parcel Number 6003015005

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Trash Expense $1,250
  • Water Sewer Expense $1,560
  • New Taxes Expense $6,125
  • Operating Expense $10,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,645

Year Built

Built in 1924

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 1560.00
  • Zoning: LAR2
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6003015005
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 283.56
  • Window Features: Screens

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Three Door, Off Street
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1250.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Walkstreet
  • Lot Size Sq Ft: 5253.00
  • Lot Size Acres: 0.1206

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Scheduled Income: 48600.00
  • Lot Size Area: 5253.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Rent Control: Yes
  • Total Actual Rent: 4050.00
  • Total Expenses: 10145.00

Tax Info

  • New Taxes Expense: 6125.00
  • Tax Census Tract: 2371.01
  • Tax Lot: 6
  • Tax Tract Number: 4195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2020
Sold by
Willette Mitchell
Bought by
Wm Sparkle Properties Llc
Current Estimated Value
$699,431

Purchase Details

Closed on
Jan 30, 2020
Sold by
Osoy Miguel Angel Godinez and Godinez Carmen
Bought by
Mitchell Willette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2005
Sold by
Godinez Miguel Angel and Godinez Carmen
Bought by
Godinez Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.67%
Mortgage Type
New Conventional
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
Wm Sparkle Properties Llc -- Lawyers Title
Mitchell Willette $490,000 Pacific Coast Title
Godinez Miguel Angel -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mitchell Willette $367,500
Previous Owner Godinez Miguel Angel $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2020 03/31/20 Sold $490,000 0.0% $284 / Sq Ft
01/19/2020 01/19/20 Pending -- -- --
01/19/2020 01/19/20 Off Market $490,000 -- --
01/13/2020 01/13/20 For Sale $490,000 -- $284 / 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 $6,645 $535,883 $481,202 $54,681
2024 $6,645 $525,376 $471,767 $53,609
2023 $6,524 $515,075 $462,517 $52,558
2022 $6,230 $504,977 $453,449 $51,528
2021 $6,147 $495,076 $444,558 $50,518
2020 $3,598 $272,635 $177,533 $95,102
2019 $3,465 $267,290 $174,052 $93,238
2018 $3,402 $262,050 $170,640 $91,410
2016 $3,245 $251,876 $164,015 $87,861
2015 $3,200 $248,094 $161,552 $86,542
2014 $3,232 $243,235 $158,388 $84,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB20008182

California Regional Multiple Listing Service (CRMLS)

APN: 6003-015-005