Seller's Agent in 2022
Sophia De La Vara
Keller Williams
(562) 755-9650
3 in this area
129 Total Sales
1141 Orme Ave Los Angeles, CA 90023
Boyle Heights NeighborhoodEstimated Value: $764,555 - $808,000
6
Beds
4
Baths
3,250
Sq Ft
$242/Sq Ft
Est. Value
Highlights
- Spanish Architecture
- Wall Furnace
- Front Yard
- No HOA
About This Home
As of July 2022Excellent opportunity for either an investor or live in one unit and start making income for yourself. The property was accessed as 5 units per title but being sold as 4 units. City request 5th panel in order to rent 5th unit out and 5th unit needs some repairs. The property is located close to all
transportation and FWY access and Minutes from Downtown LA, Staple Center and restaurants and shopping. The front Building is a duplex which
consist of 1 bed and 1 bath each. The second/middle upper unit is a 2 bed 1bath with 3 single car garage's below that are being used as storage. The Back unit is a 2 bedroom 1 bath There is a 5th unit/storage area that is being sold as is. The property has a long drive way and is gated.
Property is being sold as is. All units are occupied and tenants included in purchase.
Last Agent to Sell the Property
Keller Williams License #01127097 Listed on: 04/08/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,293
Year Built
- Built in 1907
Lot Details
- 5,199 Sq Ft Lot
- 1 Common Wall
- Front Yard
Parking
- 3 Car Garage
- On-Street Parking
Home Design
- 3,250 Sq Ft Home
- Spanish Architecture
- Quadruplex
- Cosmetic Repairs Needed
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tax Lot 130
- Assessor Parcel Number 5170004007
- $498 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $396
- Other Expense $410
- Water Sewer Expense $5,622
- Operating Expense $7,721
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2022
Closed on
May 25, 2022
Sold by
Francis A Encinas Revocable Living Trust
Bought by
Fastlane Properties Llc
Seller's Agent
Sophia De La Vara
Keller Williams
Buyer's Agent
Sophia De La Vara
Keller Williams
List Price
$748,800
Sold Price
$718,000
Premium/Discount to List
-$30,800
-4.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,278
Avg. Annual Appreciation
2.64%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fastlane Properties Llc | $718,000 | New Title Company Name |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/05/2022 07/05/22 | Sold | $718,000 | -4.1% | $221 / Sq Ft |
| 05/20/2022 05/20/22 | Pending | -- | -- | -- |
| 04/08/2022 04/08/22 | For Sale | $748,800 | -- | $230 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,316 | $747,007 | $520,200 | $226,807 |
| 2024 | $9,316 | $732,360 | $510,000 | $222,360 |
| 2023 | $9,142 | $718,000 | $500,000 | $218,000 |
| 2022 | $1,227 | $60,463 | $21,683 | $38,780 |
| 2021 | $1,195 | $59,278 | $21,258 | $38,020 |
| 2020 | $1,197 | $58,672 | $21,041 | $37,631 |
| 2019 | $1,169 | $57,523 | $20,629 | $36,894 |
| 2018 | $1,073 | $56,396 | $20,225 | $36,171 |
| 2016 | $993 | $54,208 | $19,441 | $34,767 |
| 2015 | $983 | $53,394 | $19,149 | $34,245 |
| 2014 | $1,021 | $52,349 | $18,774 | $33,575 |
Source: Public Records
Agents Affiliated with this Home
-
Sophia De La Vara
-
Paul Echavarria
P
Seller Co-Listing Agent in 2022
Paul Echavarria
Coldwell Banker Envision
(562) 698-4199
3 in this area
130 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR22064714
APN: 5170-004-007
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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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