Seller's Agent in 2022
Rand Penrod
Arbor Real Estate
(949) 294-5234
1 in this area
59 Total Sales
1144 Orme Ave Los Angeles, CA 90023
Boyle Heights NeighborhoodEstimated Value: $638,000 - $872,000
4
Beds
2
Baths
1,523
Sq Ft
$511/Sq Ft
Est. Value
Highlights
- No HOA
- Central Air
- Level Lot
- Laundry Room
About This Home
As of December 2022This freshly updated fully enclosed home represents the opportunity to acquire one of highly desirable duplex properties in the heart of Los Angeles. Located in the quaint neighborhood of Boyle heights this location rests just outside downtown proper offering the charm of a suburb with the amenities and entertainment of the city just minutes away. The front 3 bedroom, 1 bath, 1523 sqft main residence has been fully remodeled showcasing, durable manufactured wood flooring, stone surfaces, updated restrooms, washer and dryer accommodations, and new HVAC. In addition the rear 1 bedroom unit was updated with recessed lightning, manufactured wood flooring, bonus room and new electrical. The exterior grounds have been redesigned in a native southern California esthetics featuring a collection of drought resistant specimens, decomposed granite and grass all fully irrigated offering a low maintenance landscape. With world renowned dining, chic artist district, theaters, international airport, a broad spectrum of shopping destinations and lush green parks all minutes away you really capture the essence of city living with the tranquility and privacy of a single family residence. The home must be experienced to truly comprehend the value and lifestyle it provides.
Last Agent to Sell the Property
Arbor Real Estate License #01719236 Listed on: 04/13/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 4,999 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 4 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Driveway
Home Design
- 1,523 Sq Ft Home
- Duplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
- Urban Location
- Central Air
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 92
- Assessor Parcel Number 5170003024
- $311 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Insurance Expense $1,000
- Trash Expense $1,200
- Water Sewer Expense $1,300
- Operating Expense $2,500
- Gross Income $55,200
- Net Operating Income $53,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2022
Closed on
Oct 28, 2022
Sold by
Ramirez Thomas C
Bought by
Rodriguez Ernesto
Seller's Agent
Rand Penrod
Arbor Real Estate
Buyer's Agent
Bryan Cruz
Realty One Group United
List Price
$749,000
Sold Price
$725,000
Premium/Discount to List
-$24,000
-3.2%
Views
4
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
$52,635
Avg. Annual Appreciation
2.26%
Original Mortgage
$584,000
Outstanding Balance
$561,543
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$216,092
Purchase Details
Listed on
Apr 24, 2013
Closed on
Apr 9, 2013
Sold by
Morales Taide R and Taide R Morales Family Trust
Bought by
Ramirez Thomas C
Seller's Agent
Miguel Oyoque
EXCELLENCE RE REAL ESTATE
Buyer's Agent
Bobbie Cerda
Ashraf Ahmed, Broker
List Price
$334,000
Sold Price
$315,560
Premium/Discount to List
-$18,440
-5.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.09%
Original Mortgage
$309,844
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 15, 2002
Sold by
Morales Taide Reyes
Bought by
Morales Taide R and Taide R Morales Family Trust
Purchase Details
Closed on
Nov 29, 1999
Sold by
Morales Ruben Levario and Morales Taide Reyes
Bought by
Morales Taide Reyes
Purchase Details
Closed on
Mar 19, 1998
Sold by
Morales Taide Reyes
Bought by
Morales Ruben Levario and Morales Tiade Reyes
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rodriguez Ernesto | $730,000 | Stewart Title Of California In | |
| Ramirez Thomas C | $316,000 | Wfg | |
| Morales Taide R | -- | -- | |
| Morales Taide Reyes | -- | -- | |
| Morales Ruben Levario | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rodriguez Ernesto | $584,000 | |
| Previous Owner | Ramirez Thomas C | $309,844 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/06/2022 12/06/22 | Sold | $725,000 | -3.2% | $476 / Sq Ft | |
| 10/26/2022 10/26/22 | Pending | -- | -- | -- | |
| 10/02/2022 10/02/22 | For Sale | $749,000 | +3.3% | $492 / Sq Ft | |
| 09/30/2022 09/30/22 | Off Market | $725,000 | -- | -- | |
| 09/11/2022 09/11/22 | Price Changed | $749,000 | -3.9% | $492 / Sq Ft | |
| 08/08/2022 08/08/22 | Price Changed | $779,000 | -2.5% | $511 / Sq Ft | |
| 05/13/2022 05/13/22 | Price Changed | $799,000 | -3.2% | $525 / Sq Ft | |
| 04/13/2022 04/13/22 | For Sale | $824,995 | +161.4% | $542 / Sq Ft | |
| 05/16/2013 05/16/13 | Sold | $315,560 | -5.5% | $207 / Sq Ft | View Prior Sale |
| 04/24/2013 04/24/13 | Pending | -- | -- | -- | |
| 11/05/2012 11/05/12 | For Sale | $334,000 | -- | $219 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $9,262 | $759,492 | $447,372 | $312,120 |
| 2024 | $9,262 | $744,600 | $438,600 | $306,000 |
| 2023 | $9,084 | $730,000 | $430,000 | $300,000 |
| 2022 | $4,597 | $366,676 | $174,055 | $192,621 |
| 2021 | $4,454 | $359,488 | $170,643 | $188,845 |
| 2020 | $4,494 | $355,803 | $168,894 | $186,909 |
| 2019 | $4,322 | $348,828 | $165,583 | $183,245 |
| 2018 | $4,221 | $341,989 | $162,337 | $179,652 |
| 2016 | $4,022 | $328,711 | $156,034 | $172,677 |
| 2015 | $3,964 | $323,775 | $153,691 | $170,084 |
| 2014 | $3,987 | $317,434 | $150,681 | $166,753 |
Source: Public Records
Agents Affiliated with this Home
-
Rand Penrod
-
Bryan Cruz
Buyer's Agent in 2022
Bryan Cruz
Realty One Group United
(562) 841-2561
1 in this area
48 Total Sales
-
Miguel Oyoque
Seller's Agent in 2013
Miguel Oyoque
EXCELLENCE RE REAL ESTATE
(562) 948-4553
27 Total Sales
-
B
Buyer's Agent in 2013
Bobbie Cerda
Ashraf Ahmed, Broker
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22074812
APN: 5170-003-024
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.
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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