NOT LISTED FOR SALE

1156 S Lorena St Los Angeles, CA 90023

Boyle Heights Neighborhood

Estimated Value: $1,205,480

6 Beds
8 Baths
1,272 Sq Ft
$948/Sq Ft Est. Value

Last Sold May 13, 2012

Last sale price $450,000 $354 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $6,930/month

2 Days on Market

About This Home

As of May 2012

This is a mixed use commercial building. 3 residential units that are 2 bedrooms and 2 bathrooms, and 2 commercial units. Look at attached pictures and view private remarks for more details.

Last Agent to Sell the Property

Mario Padilla

Mario Padilla License #01425093 Listed on: 04/13/2012

Last Buyer's Agent

Mario Padilla

Mario Padilla License #01425093 Listed on: 04/13/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,296

Year Built

  • Built in 1931

Lot Details

  • 6,200 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 1,272 Sq Ft Home
  • 2-Story Property

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5190-015-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,296

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1272
  • Stories: 2
  • Year Built: 1931
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 353.77

Exterior Features

  • Pool: No

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 115867
  • Assessed Land Value: 43096
  • Assessor Parcel Number: 5190-015-007
  • Lot Size Area: 6200

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.00
  • Number Of Units: 5
  • Rent Control: 60
  • Total Annual Expense: 12150
  • Type Of Units: 3 + 2
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2012
Sold by
Reese Charlie A
Bought by
Castillo Franklin J and Franklin J Castillo Trust
Current Estimated Value
$1,205,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2011
Sold by
Hernandez Fortino G and The Living Trust Of Fortino G
Bought by
Reese Charlie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,800
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2011
Sold by
Living Trust Of Fortino G Hernandez
Bought by
Reese Charlie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 1994
Sold by
Hernandez Fortino G
Bought by
Hernandez Fortino G
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
Castillo Franklin J $450,000 Provident Title Company
Reese Charlie A -- Stewart Title Of California
Reese Charlie A -- Chicago Title Company
Hernandez Fortino G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Franklin J $310,000
Previous Owner Reese Charlie A $196,800
Previous Owner Reese Charlie A $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2012 05/13/12 Sold $450,000 0.0% $354 / Sq Ft
04/15/2012 04/15/12 Pending -- -- --
04/13/2012 04/13/12 For Sale $450,000 -- $354 / Sq Ft
Source: The MLS

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 $7,296 $565,215 $339,131 $226,084
2024 $7,296 $554,133 $332,482 $221,651
2023 $7,164 $543,268 $325,963 $217,305
2022 $6,847 $532,617 $319,572 $213,045
2021 $6,744 $522,174 $313,306 $208,868
2020 $6,804 $516,821 $310,094 $206,727
2019 $6,552 $506,688 $304,014 $202,674
2018 $6,395 $496,753 $298,053 $198,700
2016 $6,078 $477,465 $286,480 $190,985
2015 $5,994 $470,294 $282,177 $188,117
2014 $6,023 $461,083 $276,650 $184,433
Source: Public Records

Agents Affiliated with this Home

  • Mario Padilla

    Seller's Agent in 2012

    Mario Padilla

    Mario Padilla

    (562) 556-0697

    1 in this area

    7 Total Sales

    Mario Padilla
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Map

Source: The MLS

MLS Number: 12-593895

The MLS

APN: 5190-015-007

California Los Angeles County Los Angeles 90023 Boyle Heights

1156 S Lorena St, Los Angeles, CA

This home is located at 1156 S Lorena St, Los Angeles, CA 90023 since 13 April 2012 and is currently estimated at $1,205,480, approximately $947 per square foot. This property was built in 1931. 1156 S Lorena St is a home located in Los Angeles County with nearby schools including Lorena Street Elementary School, Robert Louis Stevenson Middle School, and Theodore Roosevelt High School.

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