NOT LISTED FOR SALE

1137 Orme Ave Los Angeles, CA 90023

Estimated Value: $661,000 - $849,000

5 Beds
3 Baths
1,782 Sq Ft
$431/Sq Ft Est. Value

Last Sold July 18, 2013

Last sale price $278,000 $156 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $4,423/month

77 Days on Market

Highlights

  • Ranch Style House
  • Felicitas and Gonzalo Mendez High Rated A-
  • Wood Siding

About This Home

As of July 2013

2 units in East Los Angeles (Boyle Heights)! Front unit is 2 bedrooms & 1 bathroom and rear unit is 3 bedrooms & 2 bathrooms. Property has parking in the back from the alley. Close to everything -- 10 min from downtown LA and close to all the major freeways nearby. Price: $278,888.

Last Agent to Sell the Property

Michael Berdelis

24 Hour Real Estate License #01234589 Listed on: 01/17/2013

Last Buyer's Agent

SERGIO E. RAMOS

PREMIER REALTY ASSOCIATES License #01054068

PREMIER REALTY ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,359

Year Built

  • Built in 1952

Lot Details

  • 5,200 Sq Ft Lot

Parking

  • 1 Parking Space

Home Design

  • 1,782 Sq Ft Home
  • Ranch Style House
  • Bungalow
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 129
  • Tax Tract Number 2047
  • Assessor Parcel Number 5170004006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • Water Sewer Expense $2,500
  • New Taxes Expense $3,486
  • Gross Income $2,350
  • Net Operating Income $20,514

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,359

Year Built

Built in 1952

Lot Details

0

Listing Details

  • CapRate: 7.36
  • Water Sewer Expenses: 2500.00
  • Architectural Style: Bungalow, Ranch
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5170004006
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 156.00

Exterior Features

  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Total Parking Spaces: 1.00

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5200.00
  • Lot Size Acres: 0.1190

Multi Family

  • Gross Income: 2350.00
  • Gross Multiplier: 9.89
  • Gross Scheduled Income: 28200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5200.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 20514.00
  • 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: 7686.00

Tax Info

  • New Taxes Expense: 3486.00
  • Tax Area: 4
  • Tax Lot: 129
  • Tax Tract Number: 2047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2013
Sold by
Galloso David R and The David R Galloso Sr Revocab
Bought by
Pedroza Cesar and Pedroza Maria Cristina
Current Estimated Value
$768,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2003
Sold by
Galloso David Richard
Bought by
Galloso David R and David R Galloso Sr Revocable 2

Purchase Details

Closed on
Jun 3, 2003
Sold by
Galloso David Richard and Silvio Galloso Revocable 1986
Bought by
Galloso David Richard
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
Pedroza Cesar $278,000 Old Republic Title Company
Galloso David R -- --
Galloso David Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pedroza Cesar $208,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2013 07/18/13 Sold $278,000 -0.3% $156 / Sq Ft
04/04/2013 04/04/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $278,888 -- $157 / 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 $4,359 $340,779 $183,874 $156,905
2024 $4,359 $334,098 $180,269 $153,829
2023 $4,280 $327,548 $176,735 $150,813
2022 $4,088 $321,126 $173,270 $147,856
2021 $4,031 $314,830 $169,873 $144,957
2020 $4,068 $311,603 $168,132 $143,471
2019 $3,915 $305,494 $164,836 $140,658
2018 $3,813 $299,504 $161,604 $137,900
2016 $3,632 $287,877 $155,330 $132,547
2015 $3,581 $283,554 $152,997 $130,557
2014 $3,604 $278,000 $150,000 $128,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1206809

California Regional Multiple Listing Service (CRMLS)

APN: 5170-004-006