NOT LISTED FOR SALE

1140 S Mott St Los Angeles, CA 90023

Estimated Value: $714,000 - $986,000

6 Beds
4 Baths
2,660 Sq Ft
$328/Sq Ft Est. Value

Last Sold September 07, 2016

Last sale price $510,000 $192 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,217/month

14 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • Felicitas and Gonzalo Mendez High Rated A-
  • Back and Front Yard

About This Home

As of September 2016

Mini gated estate!! This great property was built in 1991 and is only 25 years old! Two 3 bedroom 2 bathroom units, 2 1-car garages, and 2 extra parking spaces. Front yard. Each unit features laundry area. Projected 7.28 cap rate. Projected 10.44 x gross.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 06/02/2016

Last Buyer's Agent

Johnny Cho

Keller Williams Realty Los Feliz License #01394690

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,375

Year Built

  • Built in 1991

Lot Details

  • 5,001 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • 2,660 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 147
  • Assessor Parcel Number 5170004024

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Furniture Replacement Expense $2,500
  • Insurance Expense $1,470
  • Maintenance Expense $600
  • Water Sewer Expense $1,280
  • New Taxes Expense $5,625
  • Gross Income $3,990
  • Net Operating Income $36,405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,375

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.28
  • Property Attached: No
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 1280.00
  • Property Type: Residential Income
  • Parcel Number: 5170004024
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 191.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level, Paved
  • Lot Size Sq Ft: 5001.00
  • Price Per Lot Square Foot: 101.98

Multi Family

  • Furniture Replacement Expense: 2500.00
  • Gross Income: 3990.00
  • Gross Multiplier: 10.44
  • Gross Scheduled Income: 47880.00
  • Insurance Expense: 1470.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 36405.00
  • 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: 11475.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Lot: 147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2016
Sold by
Perez Luis
Bought by
Boram Investment Llc
Current Estimated Value
$871,466

Purchase Details

Closed on
Feb 11, 2002
Sold by
Morales Honorato L and Morales Fresvinda F
Bought by
Perez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,523
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 9, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Morales Honorato L and Morales Fresvinda F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,162
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 10, 1995
Sold by
Talamantes Rogelio Cabral and Talamantes Maria Rosa
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Jun 30, 1995
Sold by
Talamantes Rogelio Cabral
Bought by
Tabananika Trust and Tenawa Trust

Purchase Details

Closed on
Jun 8, 1995
Sold by
Talamantes Rogelio Cabral and Talamantes Maria Rosa Cabral
Bought by
Talamantes Rogelio Cabral
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
Boram Investment Llc $510,000 None Available
Perez Luis $225,000 South Coast Title
Morales Honorato L $195,000 --
Home Svgs Of America Fsb $140,250 Investors Title
Tabananika Trust -- --
Talamantes Rogelio Cabral -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Luis $270,500
Previous Owner Perez Luis $90,000
Previous Owner Perez Luis $224,000
Previous Owner Perez Luis $221,523
Previous Owner Morales Honorato L $189,162
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2016 09/07/16 Sold $510,000 +2.0% $192 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $499,994 -- $188 / 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 $7,375 $591,893 $348,173 $243,720
2024 $7,375 $580,289 $341,347 $238,942
2023 $7,237 $568,911 $334,654 $234,257
2022 $6,907 $557,757 $328,093 $229,664
2021 $6,812 $546,821 $321,660 $225,161
2019 $6,613 $530,604 $312,120 $218,484
2018 $6,502 $520,200 $306,000 $214,200
2016 $3,499 $280,771 $112,306 $168,465
2015 $3,449 $276,555 $110,620 $165,935
2014 $3,471 $271,139 $108,454 $162,685
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2016

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    2 in this area

    361 Total Sales

    Brad Korb
    Section Image

  • J

    Buyer's Agent in 2016

    Johnny Cho

    Keller Williams Realty Los Feliz

    (213) 819-1043

    1 Total Sale

    Johnny Cho
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB16118305

California Regional Multiple Listing Service (CRMLS)

APN: 5170-004-024

California Los Angeles County Los Angeles 90023

1140 S Mott St, Los Angeles, CA

This home is located at 1140 S Mott St, Los Angeles, CA 90023 since 02 June 2016 and is currently estimated at $871,466, approximately $327 per square foot. This property was built in 1991. 1140 S Mott St is a home located in Los Angeles County with nearby schools including Soto Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt 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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