NOT LISTED FOR SALE

Estimated Value: $1,108,398

1 Bed
1 Bath
4,527 Sq Ft
$245/Sq Ft Est. Value

Last Sold July 27, 2016

Last sale price $630,000 $139 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,862/month

90 Days on Market

Highlights

  • 10,729 Sq Ft lot
  • 2-minute walk to Avalon Station
  • Laundry Room
  • No HOA

About This Home

As of July 2016

PRICE REDUCTION - PRICE REDUCTION - Great investment opportunity. This two story multi-room house offers excellent monthly income and features new plumbing, new electrical and lots of upgrades. Half a block to Metro Station. Huge back yard, corner lot, room for improvement, seven parking spaces in an up and coming neighborhood. Motivated seller. Submit all offers today.

Last Agent to Sell the Property

Lou Chavez

Steven Kasten Realty, Inc. License #01949822 Listed on: 04/28/2016

Last Buyer's Agent

John Thompson

John Laszlo Thompson License #01479236

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,589

Year Built

  • Built in 1906

Lot Details

  • 10,729 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 7 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 4,527 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 277
  • Tax Tract Number 3754
  • Assessor Parcel Number 6084004032

Community Details

Building Details

  • 13 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,370
  • New Taxes Expense $10,536
  • Gross Income $8,685
  • Net Operating Income $6,321

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,589

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Ad Number: 323-422-1910
  • CapRate: 11.70
  • Other Phone Description: 323-422-1910
  • Other Phone Number: 323-422-1910
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6084004032
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 139.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 10729.00
  • Price Per Lot Square Foot: 58.72

Multi Family

  • Gross Income: 8685.00
  • Gross Scheduled Income: 8685.00
  • Insurance Expense: 1370.00
  • Net Operating Income: 6321.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 13
  • Number Of Units Total: 1
  • Operating Expense: 2364.00
  • Rent Control: Yes
  • Total Actual Rent: 8685.00
  • Vacancy Allowance: 568
  • Vacancy Allowance Rate: 7.00

Tax Info

  • New Taxes Expense: 10536.00
  • Tax Lot: 277
  • Tax Tract Number: 3754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2020
Sold by
Enceladus Properties Llc
Bought by
Setareh Sima and Sima Setareh Trust
Current Estimated Value
$1,108,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,000
Outstanding Balance
$560,996
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$547,402

Purchase Details

Listed on
Apr 28, 2016
Closed on
Jul 7, 2016
Sold by
Cosio Edward
Bought by
Enceladus Properties Llc
Seller's Agent
Lou Chavez
Steven Kasten Realty, Inc.
Buyer's Agent
John Thompson
John Laszlo Thompson
List Price
$799,000
Sold Price
$630,000
Premium/Discount to List
-$169,000
-21.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$375,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2016
Sold by
Gallarzo Diana
Bought by
Cosio Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 24, 2013
Closed on
Apr 20, 2015
Sold by
Mh Capital Ventures Inc
Bought by
Cosio Edward and Gallarzo Diana
Seller's Agent
Mark Walker
Nourmand & Associates-HW
Buyer's Agent
Lupe Iturriaga
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%
Original Mortgage
$336,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 24, 2013
Closed on
Mar 25, 2015
Sold by
Cross Rose Mary
Bought by
Mh Capital Ventures Inc
Seller's Agent
Mark Walker
Nourmand & Associates-HW
Buyer's Agent
Lupe Iturriaga
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2000
Sold by
Cross Crosby
Bought by
The Crosby Cross Trust

Purchase Details

Closed on
Jan 22, 1996
Sold by
Cross Rose Mary
Bought by
Cross Crosby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,716
Interest Rate
7.18%
Mortgage Type
Assumption
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
Setareh Sima $904,000 Stewart Title
Enceladus Properties Llc $630,000 Title 365
Cosio Edward -- Title 365
Cosio Edward -- None Available
Mh Capital Ventures Inc $420,000 North American Title Company
The Crosby Cross Trust -- --
Cross Crosby -- American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Setareh Sima $629,000
Previous Owner Cosio Edward $375,000
Previous Owner Mh Capital Ventures Inc $336,000
Previous Owner Cross Crosby $60,716
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2016 07/27/16 Sold $630,000 -21.2% $139 / Sq Ft
04/28/2016 04/28/16 For Sale $799,000 +90.2% $176 / Sq Ft
04/17/2015 04/17/15 Sold $420,000 -1.2% $93 / Sq Ft View Prior Sale
04/13/2015 04/13/15 Pending -- -- --
06/24/2013 06/24/13 For Sale $425,000 -- $94 / 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 $12,589 $978,516 $649,458 $329,058
2024 $12,589 $959,330 $636,724 $322,606
2023 $12,357 $940,521 $624,240 $316,281
2022 $11,812 $922,080 $612,000 $310,080
2021 $11,651 $904,000 $600,000 $304,000
2020 $9,045 $668,560 $318,362 $350,198
2019 $6,330 $452,502 $323,216 $129,286
2018 $6,179 $443,630 $316,879 $126,751
2016 $5,873 $426,405 $304,575 $121,830
2015 $1,553 $64,337 $22,414 $41,923
2014 $1,575 $63,077 $21,975 $41,102
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD16089507

California Regional Multiple Listing Service (CRMLS)

APN: 6084-004-032