NOT LISTED FOR SALE

11688 S Central Ave Unit AD Los Angeles, CA 90059

Green Meadows Neighborhood

Estimated Value: $825,000 - $1,301,000

3 Beds
2 Baths
3,424 Sq Ft
$323/Sq Ft Est. Value

Last Sold January 03, 2014

Last sale price $485,000 $142 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $6,936/month

59 Days on Market

Highlights

  • No HOA
  • Attached Carport
  • Carpet
  • Laundry Room
  • Wood Fence
  • Wall Furnace

About This Home

As of January 2014

4 UNITS, 3 BED 2 BATH EACH. PARKING AVAILABLE AT PROPERTY. NEAR SHOPPING CENTERS AND EASY ACCESS TO FREEWAY. AMAZING OPPORTUNITY FOR A CASH FLOW PROPERTY. TAKE A LOOK, YOU WILL BE PLEASANTLY SURPRISED.

Last Agent to Sell the Property

VICTOR GUTIERREZ

NEWCASTLE INVESTMENTS, INC License #01327441 Listed on: 12/01/2013

Last Buyer's Agent

Kyle Young

3L Properties, Inc. License #01902695

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,638

Year Built

  • Built in 2003

Lot Details

  • 7,949 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 3,424 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 8 Parking Spaces
  • Attached Carport
  • Parking Available
  • Shared Driveway

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 7714
  • Assessor Parcel Number 6148010053

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,500
  • Water Sewer Expense $3,000
  • New Taxes Expense $5,100
  • Gross Income $4,900
  • Net Operating Income $4,222

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,638

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 6148010053
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 141.65

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport, Shared Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7949.00
  • Lot Size Acres: 0.1820

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4900.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7949.0000 Square Feet
  • Net Operating Income: 4222.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 1155.00
  • Rent Control: No
  • Total Actual Rent: 4900.00

Tax Info

  • New Taxes Expense: 5100.00
  • Tax Lot: 1
  • Tax Tract Number: 7714

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2019
Sold by
Mittal Assets L P
Bought by
Alley Allison L and Alley Grant E
Current Estimated Value
$1,105,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,250
Outstanding Balance
$602,122
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$503,545

Purchase Details

Closed on
Feb 13, 2015
Sold by
Mittal Ram K
Bought by
Mittal Assets Lp

Purchase Details

Listed on
Dec 1, 2013
Closed on
Dec 18, 2013
Sold by
Sanchez Juan
Bought by
Mittal Ram K and Mittal Lillian
Seller's Agent
VICTOR GUTIERREZ
NEWCASTLE INVESTMENTS, INC
Buyer's Agent
Kyle Young
3L Properties, Inc.
List Price
$519,500
Sold Price
$485,000
Premium/Discount to List
-$34,500
-6.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%

Purchase Details

Closed on
Mar 2, 2010
Sold by
Sanchez Vanessa Esther
Bought by
Sanchez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 2010
Sold by
Morales Miguel
Bought by
Sanchez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Morales Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2008
Sold by
Joseph Milton
Bought by
Jpmorgan Chase National Association and Washington Mutual Bank

Purchase Details

Closed on
May 1, 2006
Sold by
Joseph Margie L
Bought by
Joseph Milton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 22, 2003
Sold by
Joseph Santasha S
Bought by
Joseph Deon and Joseph Cleon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Joseph Cleon and Joseph Deon
Bought by
Joseph Milton and Joseph Margie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2001
Sold by
Socecorev Llc
Bought by
Joseph Cleon and Joseph Deon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.21%

Purchase Details

Closed on
Dec 19, 1998
Sold by
Hawkins Merel Hayes
Bought by
Hawkins E J

Purchase Details

Closed on
Nov 5, 1998
Sold by
Brighter Day Foundation Inc
Bought by
State Of California Department Transport
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alley Allison L $915,000 Progressive Title Co Inc
Mittal Assets Lp -- Accommodation
Mittal Ram K $485,000 Wfg Title Company Of Ca
Sanchez Juan -- Lawyers Title
Sanchez Juan $400,000 Lawyers Title
Morales Miguel $310,000 Servicelink
Jpmorgan Chase National Association $445,208 None Available
Joseph Milton -- Stewart Title Mad Anaheim
Joseph Deon -- Gateway Title Company
Joseph Milton -- Gateway Title Company
Joseph Cleon $60,000 Gateway Title Company
Hawkins E J -- --
Hawkins Merel Hayes -- Commonwealth Land Title Ins
State Of California Department Transport $40,864 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alley Allison L $686,250
Previous Owner Sanchez Juan $392,755
Previous Owner Morales Miguel $260,000
Previous Owner Joseph Milton $396,000
Previous Owner Joseph Milton $33,000
Previous Owner Joseph Cleon $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2014 01/03/14 Sold $485,000 -6.6% $142 / Sq Ft
12/09/2013 12/09/13 Pending -- -- --
10/11/2013 10/11/13 For Sale $519,500 -- $152 / 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 $13,638 $1,077,125 $519,991 $557,134
2024 $13,638 $1,056,006 $509,796 $546,210
2023 $13,379 $1,035,300 $499,800 $535,500
2022 $10,442 $814,661 $325,864 $488,797
2021 $10,300 $798,688 $319,475 $479,213
2019 $6,505 $477,543 $265,302 $212,241
2018 $6,828 $504,594 $291,312 $213,282
2016 $6,700 $502,232 $289,949 $212,283
2015 $6,599 $494,689 $285,594 $209,095
2014 $5,083 $358,015 $210,597 $147,418
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13215156

California Regional Multiple Listing Service (CRMLS)

APN: 6148-010-053